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Measuring financial performance

How to measure your organisation's financial performance.

You can use the following measurements to evidence achievements in effective financial management in your organisation:

  • the board of trustees agrees budgets annually
  • there are quarterly reports on accounts
  • the board receives quarterly finance reports comparing actual income and expenditure against the budget
  • there are accurate minutes of financial decisions and action to be taken
  • the financial procedures manual is kept up to date and reviewed every two years
  • ensure banking procedures are in place and up-to-date
  • ensure compliance with Inland Revenue and Charities Act regulations.

Source: Published with permission from Cass Centre for Charity Effectiveness. This material is taken from "Tools for Success: doing the right things and doing them right", published in October 2008. Download or buy your copy from Cass Centre for Charity Effectiveness.

Page last edited Jul 01, 2016

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