Module Coverage
1. Effective Resource Allocation
i. Charity’s stakeholders & expectations
ii. Key aspects to consider
2. Strategic Financial Planning
i. Importance of strategic and financial planning for charities
ii. Negative case examples
iii. Role of the Board
iv. Strategic planning vs. annual planning and project planning
v. Key elements of a successful strategic plan: stakeholder engagement, fundraising strategy and financial stability
3. Budgeting and Forecasting Techniques
i. What is budgeting
ii. Goals and benefits of budgeting
iii. Governance structure and processes
iv. Components of a robust budget package
v. Common reasons for ineffective budgeting
vi. What is forecasting and what are the benefits
4. Cash Flow Management and Reserve Policies
i. Importance of cash flow budgeting and forecasting
ii. Importance of building reserves
iii. Types of reserves
iv. Reserve policy and role of the Board
5. Dealing with Financial Management Challenges (Budget Cuts and Tracking Issues)
i. Tracking of programme performance
ii. Cost rationalisation
iii. Limited funding sources
iv. Internal controls
Senior Director & Deputy Industry Lead - Not-for-Profit Practice