Your group will need to secure funding and manage finances to support its work. The Management Committee or Trustees need to ensure that the financial sustainability of your group is managed properly.
Your group needs to be accountable for the money secured and spent. This is carried out through monitoring, evaluation and annual reporting. All groups and registered Charities need to report to funders and the Charity Commission for Northern Ireland. Therefore, keeping your finances recorded and in good order will help you report your group’s financial position to members of your own group and those outside your group.
Finances should not be seen or treated as a separate function, it should be integrated within and add value to your group.
Click on each of the options to find out information on how to manage your finances