Finance

Please use our language translator in the top right hand side of our website to translate this page into different languages.

For a voluntary organisation a set of accounts normally consists of the following:

• An income and expenditure account
• A Balance Sheet
• Notes to the accounts

In addition a charity may have an additional document called a ‘statement of financial activities’ or SOFA. This is broadly similar to an income and expenditure account with last years reserve funds added to this year’s surplus or deficit.

Please use our language translator in the top right hand side of our website to translate this page into different languages.

1. What is a cashflow forecast?
A cashflow forecast looks at the future and predicts how money will come in to and go out of your organisation.

Isn’t that the same as a budget?
No. A budget plans which sources of income and costs will fall into which period. Often money does not change hands at exactly the same time as a piece of work is done. A cashflow forecast will map when the money actually changes hands.