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LINKS TO OTHER YOUTH ORGANISATIONS
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Financial Management Financial Management both in practice and knowledge can play a key role in securing the sustainability of a groups funding. Financial planning, financial control and financial decision making are all required to realize your financial objectives. This section will help you answer questions, such as ‘What is our financial strategy? Do we understand what the term ‘Full cost recovery’ is, and what ‘Investment’ options have we considered? As already recommended on our Funding link we would direct you towards the National Council for Voluntary Organisations (NCVO) whose section on Financial Management contains a search by topic section plus a comprehensive set of links to publications, resources and case studies. Trading and Social Enterprise is very much a current theme aimed at achieving sustainability. Trading goods and services is one of the options available to you as a voluntary and community organisations if you are looking to diversify your income base. |
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Suggested reading Produced by the Directory of Social Change the publication ‘Managing without Profit’ is an essential guide to leading, managing and governing third sector organisations. Social Enterprise London is a specialist agency that promotes community, best practice and skills development for the social enterprise sector. Their website includes a knowledge hub of factsheets an publications to aid social enterprises
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