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NCVO/CFG Webinar: Financial management and accessing government funding combined


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Slides from a webinar broadcast on 1 June 2020

Published in: Government & Nonprofit
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NCVO/CFG Webinar: Financial management and accessing government funding combined

  3. 3. WHAT WE WILL COVER TODAY • Top tips for financial planning and where to go for support • Coronavirus Community Support Fund o Who is it for? o The application process o What is expected from organisations when applying • Questions
  4. 4. Covid 19 Funding Applying for support in England
  5. 5. 5 Contents • Purpose - What this fund is for • Eligibilty - Who and what is eligible • Applying – What information you’ll be be asked for
  6. 6. 6 Purpose
  7. 7. 7 Purpose • The UK government has announced £200m in funding to support communities through COVID-19, the Covid Community Response Fund. This funding will be delivered through a grant by the National Lottery Community Fund. • We have developed a joint response, distributing the government funding alongside National Lottery funding, to support organisations to continue to deliver services to people and communities affected by COVID-19. • Unfortunately, the funding available won’t enable us to fund everyone. But we believe we can still make a huge difference by getting this to those who need it most so they can respond to the pandemic
  8. 8. 8 Poll 2 How likely are you to apply for funding from the Coronavirus Community Support Fund? - We will definitely apply - We might apply - We are unlikely to apply - We have already applied
  9. 9. 9 Eligibility
  10. 10. 10 Who we can fund We expect a high demand for funding and we can't fund everyone. Given the disproportionate impact that COVID-19 is having on some communities we are prioritising our support to those people and communities most affected by the pandemic, as well as organisations led by people from those communities. We will prioritise the following: 1. Organisations supporting people and communities who experience disproportionate challenge and difficulty as a result of the COVID-19 crisis 2. Organisations providing services and support for vulnerable people, for which there will be increased demand as a result of the COVID-19 crisis 3. Organisations which connect communities and support communities to work together to respond to Covid-19
  11. 11. 11 Who we can fund We know that small and medium-sized charities are likely to be more vulnerable right now, so we encourage applications from those organisations. We know that some communities, such as disabled people and Black, Asian and Minority Ethnic communities, are being hit hard by the pandemic. We encourage organisations to apply that are led by people those communities. If you're a group that's looking for government funding, because you can't accept funding from The National Lottery, please tell us in your application.
  12. 12. 12 What we can fund Through the Coronavirus Community Support Fund we can fund: • Activities supporting people and communities affected by COVID-19 and/or • Organisations to overcome any acute financial difficulties they're facing because of the pandemic Organisations can apply for between £300 - £10,000 and over £10,000 to cover up to six months of costs. We are asking people to only apply for what they need and expect most grants to be under £100,000. Organisations can apply either on their own or as part of a partnership (partnerships must now be led by a community or voluntary sector organisation). We'll consider larger awards or longer timeframes, particularly for organisations working across more than one area of England, on a case-by-case basis.
  13. 13. 13 Poll 3 If you apply, what will/have you applied for? - Emergency funding – to overcome acute financial difficulties - Project funding - to support Covid-related activities
  14. 14. 14 What to expect There will be high demand for this funding, and we will have to make some tough choices. We expect the funding to be heavily oversubscribed and anticipate only being able to support a proportion of applications. So please only ask for what you need to support communities for up to 6 months and please bear with us as our funding teams respond to the demand. We will assess applications in the order we receive them. We know you need funding quickly. We’ll monitor demand closely and update on any steps we might need to take to help manage the number of applications we get, so that we can get funding out to communities as quickly as possible
  15. 15. 15 Applying
  16. 16. 16 Tell us about your Covid 19 proposal • the name of your project • where it'll take place • what you'd like to do - how has demand for your services changed? • how your work will involve your community • how your project fits with local activities • who will benefit from your project - how have they been affected by COVID-19? • what difference your project will make - how will it mitigate the impact of COVID-19? • how much money you need • how long you need the money for As far as possible, we're also looking for organisations to be people-led, strengths-based and connected
  17. 17. 17 You might want to ask yourself • Have I spoken to the people in my community? • Have the people in my community told me what they need and what's important to them? • Have I listened to them and used what they've said to create my project? • What’s already working in my community? • How will my project add to these positive things that are already working? • How will my project make the most of any resources that are already helping my community? • Have I spoken to other groups in the area that are doing something similar to my project? • Have I thought about how we can all help each other? People led Strengths based Connected
  18. 18. 18 Tell us about your financial situation How do you expect COVID-19 to affect your plans for the next 6 months? For example: • What difference is it making to your income and spending? • Do you expect to be able to generate enough income to cover your costs? • If not, how much additional income do you think you’ll need to cover costs? • Are you worried that you might run out of cash? If so, when might that happen? • How much cash or unrestricted reserves do you have that you could draw on if needed? How many months operating costs should that cover? What actions are you taking to mitigate the effect of COVID-19? For example, applying to furlough any staff through the Government Job Retention Scheme To help you answer these questions, we’ll provide you with a simple table for you to complete with some key financial information. If you're requesting more than £50,000, we'll ask you to submit an up to date cashflow forecast or budget.
  19. 19. 19 Financial overview form - Income Any other income that’s not described in the other rows This column for what you think is going to happen? This column for what you had planned for this year This figure for what you expect to receive from other response funding, e.g. job retention scheme These columns are for your last two year’s figures from your latest accounts The income figure for the whole year in your accounts This column is for the narrative – tell us in words why the figures have changed
  20. 20. 20 Financial overview form - Expenses Staffing costs of ANY sort EXCEPT any additional for the Covid 19 project Include staffing costs for project delivery you’re applying for here
  21. 21. 21 Financial overview form – Balance sheet Current assets – you can put your bank balances here and the figures for any amount you’re owed over the next 12 months Current liabilities – let us know if you owe any money over the next 12 months (including loans) Net current assets – is your current assets less your current liabilities Long term liabilities – this is money you owe after more than 12 months Restricted funds – these are funds that have been given a strict purpose by the funder Unrestricted funds – these are funds that you can use for any purpose within your charitable objects
  22. 22. 22 Next steps
  23. 23. 23 Next steps There are two ways to apply: 1) Our online form makes it easier for you to tell us about your funding proposals or 2) you can email or send us a video instead All the information you need is available on our website:
  24. 24. 24 If you have questions: Find out more on our website: tion=england For any queries contact our Advice line on: 028 9568 0143
  25. 25. 25 Any questions?
  26. 26. Roberta Fusco Director of Policy and Engagement Charity Finance Group
  27. 27. Charity Finance Group (CFG) is the charity that inspires a financially confident, dynamic and trustworthy charity sector. We do this by championing best practice, nurturing leadership and influencing policy makers. Over 1,400 UK charities turn to us to develop their finance management knowledge and skills. Collectively, these charities manage £22bn of funds – that represents around a third of the entire charity sector’s income. Inspiring a financially confident, dynamic and trustworthy charity sector “The courses, training and resources provided by CFG are incredibly helpful - from expanding my technical knowledge through to supporting with leadership skills.” “A great opportunity to learn from others as well as contribute our own learning to the CFG pool.” “CFG has provided a lifeline, making sure I feel part of a community of professionals. Their training, events and magazine help me to support the leadership and trustees.”
  28. 28. Charities and COVID-19, what do we want? Essential to the nation’s economic and social recovery that Government include, invest and use civil society expertise, knowledge and networks to ensure success. • Work to address the medium and long-term scale of the financial challenge ahead, and to ensure that the critical support civil society provides will continue to be able to meet need both in time of crisis and beyond. • Ensure the distribution of funding available is speedy and efficient, and that equality and human rights are designed in from the outset, so that we meet everyone’s needs and that decision making is transparent. • Make necessary regulatory changes to existing schemes to make them fit for purpose for civil society organizations.
  29. 29. POLL 1 What is the annual income of the organisation do you work for? - Under 100k - 100k – 1 million - 1 million – 10 million - Above 10 million
  30. 30. • Coronavirus Job Retention Scheme • Coronavirus Business Interruption Loans • Small Business Grant Fund • Expanded Retail Discount • Retail, Hospitality and Leisure Grant Fund • VAT deferral • HMRC Time to Pay Plus £360m funding via Government Departments of which c£20m remains to be allocated See page for comprehensive list of funding allocated to date Government measures to support £750m package for charities
  31. 31. Help and Top Tips Aimed at charities with less than £1m turnover but a good recap of the basics! Helpful guidance on: • Budgets, Management Accounts & Cash Flow Forecasting • Preparing annual reports • Banking and accounting • Gift Aid and how to claim
  32. 32. Help and Top Tips Knowledge and e-learning for charities, social enterprises and community groups Here you’ll find a range of guidance and help of a wealth of topics, including Funding and Income and ‘How to’ Guides. Also see support/information/coronavirus for NCVO’s dedicated Coronavirus page
  33. 33. Help and Top Tips Your local networks can offer professional help, guidance and advice. • Your local Centre for Voluntary Services ( CVS) may have details of local support. See NAVCA’s searchable map for your nearest CVS • See for a searchable map of Community Accountancy Services and contact details • See the Association for Independent Examiners ( ACIE) for links and contacts
  34. 34. Thank you and good luck with your application! Roberta Fusco Director of Policy and Engagement @RobertaCFusco
  35. 35. QUESTIONS
  36. 36. NCVO champions the voluntary sector and volunteer movement to create a better society. We connect, represent and support over 15,000 voluntary sector member organisations, from the smallest community groups to the largest charities. This helps our members and their millions of volunteers make the biggest difference to the causes they believe in. • Search for NCVO membership • Visit • Email 36