Apr 30

Managing Finances during the Covid 19 crisis for the Charity, Not for Profit and Third Sector

The many issues presented by Covid-19 are affecting us all. This message is primarily aimed at the Charities and Not for Profit sector. However, we are sharing it more widely as so many of our clients and contacts have some involvement in or relationship with such organisations. So, we would encourage recipients to share this as it may be appropriate to others.

A challenge shared by many such organisations whether their services are much in need during the crises, or they have to be closed and are managing their own finances.

This is/can be a challenge with so many uncertainties. We would like to draw your attention to the following that may be of use at this challenging time:

Voluntary Services Emergency Fund – WCVA

The voluntary sector across Wales is playing a pivotal role in supporting those in need across Welsh communities. In this time of national emergency, funding needs to reach those working directly with communities quickly, to meet a huge increase in need.
wcva.cymru

Third sector resilience fund for Wales – WCVA

Third sector resilience fund for Wales Funding to provide cash flow support for voluntary organisations in Wales during the current Covid-19 crisis.
wcva.cymru

Emergency Relief Fund | Sport Wales

Who we’ll fund. The Emergency Relief Fund is available to not-for-profit sport clubs and organisations delivering community sport and physical activity, if it is experiencing short term financial hardship or the ceasing of operations due to the impact of coronavirus.
www.sport.wales

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From first going self-employed to starting a limited company, the fantastic accountants at Sage have talked me through the processes and looked after all things accounts-related, leaving me with peace of mind; free to focus on the day-to-day operating of the business. Sage handles everything for me from payroll to tax returns and their service is flawless; when I need something its done; when I need info I get it. All of their staff are friendly, professional, efficient and patient and I couldn’t manage without them.

 

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