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Managing a Funding Crisis

Manchester Community Central Factsheets

A resource for the Voluntary Community and Social Enterprise (VCSE) Sector in Manchester

Updated August 2022

Introduction

There are at least three circumstances in which organisations may still find themselves in crisis:

  • You rely on significant trading income, and this has been hit by sudden changes in social behaviour
  • You rely on significant levels of direct fundraising either from activities which can no longer take place or from corporate supporters who now have to prioritise their own problems
  • Your funding streams were already due to come to an end, but the process of replacing them has been stalled by delays within funder organisations

This guidance is designed for organisations which find themselves in one of these situations. It is aimed at both managers and Committee members, but it is vital that Committee members approach a crisis aware of their underlying responsibilities because:

  • Managers may well be distracted by potential redundancy or hampered by conflict of interest, and
  • Committee members themselves may be at legal and financial risk

If you are unsure of your responsibilities as a Committee member, you can ask Macc for further guidance on this.

As a first step, we suggest you review your options