We were appointed as the outsourced financial controller for a charity, that does not have a guaranteed source of income. Due to the uncertain nature of the charity’s income, we prepare an annual budget and budgeted cash flow for the year ahead. During the year we prepare quarterly management accounts and an updated budgeted cash flow report, to enable the Directors to manage the charity’s funds and project the cash position for the year end.
The Results
The charity was able to successfully manage its cash position during Covid-19 and continues to be able to provide vital services to the community.
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