The Sage Foundation has published its latest whitepaper, developed in collaboration with Charity Digital and Solid Base Non-Profit Support, to help charities build a more sustainable financial future.
The last year has brought worrying projections of many charities' financial health - with as many as one-in-ten at immediate risk of closure. The report was created to provide solutions for the pain points arising in financial literacy and impact reporting. By giving time to financial management, charities can make more informed decisions within their organisation and put themselves in a better position to secure funding, grow revenue streams and continue doing the amazing work they do.
This report gives advice to charities about:
- Taking key steps in running finances better.
- Providing necessary support towards finance teams and train employees in financial literacy.
- Responding better to external pressures, such as from stakeholders.