Managing Financial Challenges And Protecting Your Mental Health

The current economic environment may be taking a toll on your mental health, as well as your charity’s finances, as you have to consider difficult questions and challenges such as:

• How secure is our cash flow and how reliable is our forecast,
• What is the impact on funding, related costs and our project profitability,
• How do I reassure our trustees about our financial situation,
• What can we do ourselves, and at what point might we need professional help.

The key message is to take early positive actions towards securing the financial sustainability of your charity. In this article, Fleur Holden from Sayer Vincent sets out a few areas to think about in order to help you decide on the next steps.