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Finance support

Build financial confidence with free tools, guides and resources
designed to help community groups and charities manage money
more effectively.

What can I learn on this page?

Finance is getting bigger. When CFG started, finance was mostly about producing accounts and paying invoices – now it’s become a strategic function within charities, with a growing range of responsibilities.
Explore these topics for a range of support and information on the key areas of finance affecting charities today.

Fitter Finances Aston Mansfield has a Fitter Finances Resources
page, with a range of free resources for you to use, including:
finance tool kits, facts.

Small charities have limited budgets for training. We offer the resources below to all small charities wanting to improve their financial confidence. Please check out our Creative Commons Licence before using. In short, we are very happy for small charities to use our resources with existing branding and on a non-commercial basis.

People have reached out to us with the questions below. Do you have a question as well about finances? Feel free to get in touch with us!

Why is financial management important for charities?

Good financial management ensures transparency, sustainability, and compliance with charity law. It helps you plan for the future and build trust with donors and stakeholders.

  • Reserves policy
  • Expenses policy
  • Investment policy
  • Fraud prevention measures
  • Monitor income and expenses regularly
  • Keep reserves for emergencies
  • Use cash flow forecasts to anticipate shortfalls

Yes, depending on income thresholds:

  • Under £25,000: No audit required
  • £25,000–£1m: Independent examination
  • Over £1m: Full audit

Start by:

  • Reviewing past income and expenditure
  • Forecasting future costs and income streams
  • Including contingency funds
  • Aligning the budget with your strategic objectives
  • Restricted funds: Must be used for a specific purpose set by the donor.
  • Unrestricted funds: Can be used for general operations and running costs.

Trustees must:

  • Oversee budgets and financial planning
  • Ensure accurate record-keeping
  • Comply with Charity Commission regulations
  • Approve annual accounts and reports

Visit Charity Finance Group for training, templates, and best practice guides.

The Newham Community Digital Hub is a resource created to support Voluntary, Community, and Faith Sector  organisations in Newham. Whether you’re starting a new initiative, growing your organisation, or looking to collaborate, the NewHub offers tools, guidanceand connections to help you thrive.