New finance programme launched for small charities

Charity Finance Group (CFG) has launched a programme to help small charities manage their finances and provide support for community accountants.

The Small Charities Programme for England and Wales will be piloted this year and is set for a full launch in January 2017.

Training

The programme aims to help charities improve their financial capabilities and knowledge through training on topics such as managing budgets and taxes.

Charities with an income below £1 million will be able to apply for six half-day modules on charity finance.

The programme will also be supporting community accountants and helping them to improve their services.

Challenges

Small Charities Programme Manager Nick Faraday said: “Small charities are grappling with significant financial challenges due to a combination of increased demand and funding pressures.”

He explained that small charities are often unable to afford access to financial training and support or the resources they need to effectively manage their finances.

“Our hope is that this programme will boost the financial capabilities of small charities and enable them to manage change,” Faraday added.