Citizens Advice Birmingham

Charity's Cause:Free Advice Centre
Location:Birmingham
Service:Management & Budget Reporting

Citizens Advice Birmingham (formerly Birmingham Citizens Advice Bureaux Service) offer information and advice on a wide range of issues to those living or working in the Birmingham area. Their service is free, confidential, independent and impartial and helps thousands of individuals in Birmingham every year.

Challenge

Timely Quarterly Management Reports for Trustees and Management

Timely Financial Information
Many charity management and trustee boards do not see financial information except annually and by that time the information is already old and not useful to make future decisions
Budgeting
Much of the financial information is less useful when there is no budget or expected forecasts to analyse against
Picking the right information
There is a risk in accounting departments that information is presented which is either not useful to management and trustees or there is just so much information provided that the important information gets lost and overlooked

Solution

Management & Budget Reports that are produced quarterly throughout the year for analysis and presentation to management and trustee boards, to help them make important decisions with useful financial information and projections at hand.

It is important to pick the right reports to give the correct picture of the charity’s performance and financial flexibility and monitor cashflow and reserves throughout the year rather than just at the end of the annual audit process.

Result

The result is an informed management and trustee board that can monitor the charity’s position at timely intervals and make informed strategic decisions about the charity’s future. A board that is able to show that it is properly performing its function of overseeing the charity’s assets.

Telephone

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