A resource for voluntary and community sector organisations in Manchester
Updated July 2013
Managing a funding crisis can be extremely stressful, but it can also provide an important opportunity to review and restructure your organisation, making it stronger for the future.
This guidance is designed for organisations which find themselves confronted by a major reduction in income. It covers the following topics:
- Liability of committee members
- Risk assessment
- Strategic review
- Challenging a decision
- Cost reduction and restructuring
- Closing down a project or an entire organisation
The information is aimed at both managers and trustees, but it is vital that trustees approach a crisis aware of their underlying responsibilities, (a) because managers may well be distracted by potential redundancy or hampered by conflict of interest, and (b) trustees themselves may be at legal and financial risk. So for trustees, an understanding of Trustee Liability is a vital preface to this guidance.
Beyond that, the suggested starting point is to work out your options.
Alternatively, you can go straight to the bit you are interested in.
If you would like to talk to someone about getting some individual support for your group or organisation call the Telephone Information Service. Give the reference “ICEBERG” and you will be referred to our Business Improvement Service who will contact you within two days of your call.
0333 321 3021