Budgeting is a plan for saving and spending.
The purpose of budgeting is to provide a forecast of revenues and expenditure to construct a model of how an organisation might perform financially if certain strategies, events and plans are carried out.
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The Charity Employees Benevolent Fund aims to have raised £400,000 by the end of next year and to have spent at least £250,000 helping over 500 families.
Before the axe falls: preparing for grant cuts
With the cuts to grants and contracts looming, Selman Ansari outlines what rights charities have to contest cuts and how to prepare for the chop.
The rise in Capital Gains Tax announced in the emergency Budget could have a positive impact on philanthropy if wealthy individuals seek to avoid paying the higher rate by gifting more assets to charities.
The government will commit no more than £75m from dormant bank accounts as initial capital for a Social Investment Wholesale Bank, it announced today in its Pre-Budget Report.
Inflation never sleeps: Why you need to think about inflation
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Inflation may seem like a thing of the past, but chances are it could return with a vengeance – and fundraisers should be prepared, says Karl Wilding.
WaterAid has unveiled an ambitious six year strategy, in which it says it plans to reach an annual turnover of £100m by 2015.
Many grantmaking trusts expect to maintain budgeted levels of spending in 2009-10 but most predict lower income for grantmaking in 2011 and beyond, according to a recent survey of UK trusts and foundations.
Voluntary organisations that are facing heightened demand for their services and yet suffering from cashflow shortfalls due to the recession will be able to apply to a new £20m grants fund announced by the government in today’s Budget.
Desperate times call for better communication and accountability
The time for talking about improved accountability is over: this year must be about action and outcomes, says Amanda Powell-Smith Charities and donors are both asking questions about where they should prioritise their spend and how they can make their limited funds work harder. In 2009, the word to keep at the heart of all communications planning is ‘impact’.
The Fundraising Standards Board is to raise its fees for its largest charity members by up to 177 per cent, though two-thirds of its members will see their rates frozen for the time being.
Fundraising Standards Board chief executive Jon Scourse has admitted that the self-regulatory scheme will face financial problems if it doesn't attract more members.
Fundraisers should celebrate big budgets that deliver
Instead of trying to hide high fundraising costs, fundraisers should celebrate bigger budgets that bring in more profit for their cause, argues Andrew Taylor.
Charities should spend their online budget on improving their direct debit conversion rates instead of buying banner ads, fundraisers at the latest Analysis in Fundraising Special Interest Group heard.
Cancer Research UK is to cut its programme of international challenge events because they are no longer proving "cost-effective".
They may be more than five years away but the London 2012 Olympics are already dominating headlines. Although the government will not be drawn on a final budget for the Olympics, reports during the last month have suggested the total cost of the games could be as high as £5.1bn, double the original projected cost of £2.38bn. And concern is mounting that the National Lottery will be faced with an extra bill to help meet these costs.
A number of leading charities are struggling to fill spaces on their bespoke challenge trips leading to an increase in sign up rates for open overseas challenges.
Charities are set to receive an extra £300m in gift aid over the next three years as a result of today's Budget
HMRC has sought to dispel confusion over the way that the transitional gift aid relief announced in last week's Budget will be paid, by reassuring charities that they will not have to do anything different in the way they submit claims.
Union leaders at homelessness charity Shelter have chosen a strike date of Wednesday 5 March, after staff voted by 211 to 78 in favour of industrial action over plans to cut pay and increase working hours
The Charity Commission has confirmed it is in discussion with the Office of the Third Sector about obtaining an extra £2m to regulate the licensing of public charitable collections, without which it said it would not be able to carry out the role
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