Guidance for charities facing financial hardship
During the current COVID-19 emergency, charity trustees are having to cope with serious financial challenges that will have a major effect on their charities and those who depend on them. Many charities are facing the double challenge of a sudden fall in income with an increase in demand for their services. This guidance is designed for charity trustees, especially of smaller charities, who may not have access to professional financial advice. It sets out some practical steps charity trustees can take to manage their charity through these financial difficulties and, if necessary, plan for the uncomfortable possibility that your charity may not survive this crisis.