Work Out Your Options

Scenario 1
You have lost funding for some of your work, but this work is not a major contributor to funding your overhead costs, so your main concern is the loss of the activity rather than the threat to the sustainability of your organisation.

Consider:
• Liability of committe members
• Risk assessment
• Challenging a decision
• Fundraising
• Redundancy
• Closing down a project
 

Scenario 2
You have lost funding for some of your work, and this work is a major contributor to funding your overhead costs, so there is a real threat to the sustainability of your organisation.

Consider the issues in Scenario 1 plus:
• Strategic review
• Cost reduction and restructuring
• Collaboration
• Merger
• Insolvency

Scenario 3
You have lost most or all of your funding, so it is likely that you will have to close down.

Consider the issues in Scenario 1 plus:
• Strategic review
• Insolvency
• Winding up an organisation