Secure Your Mission: Top 5 Tips for Financial Risk Management in Charities

Want to keep your charity strong and its mission safe? This guide shares 5 key tips for managing financial risks. Learn to:

• Plan your money wisely: A good budget helps you see what's coming and make smart choices.

• Don't rely on one income source: Find different ways to get funding so you're not caught out if one dries up.

• Have clear money rules: Write down how you handle money for things like spending and getting supplies. This keeps things open and everyone responsible.

• Save for a rainy day: Keep some money aside for unexpected problems or if income drops.

• Make sure leaders are watching the money: Your trustees need to check financial reports and make good decisions.

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