As we emerge from the pandemic, there are undoubtedly still challenges ahead for finance teams across the charity sector, including the cost of living crisis, the war in Ukraine and gaps in funding as a result of the past two years.

But the good news is there are proactive things charities can do to tackle these challenges.

Now is the ideal time to ask important questions to get a realistic picture of the current financial situation and understand what actions could improve things. Key questions include:

•            how secure is our cash flow and how reliable is our forecast?

•            what is the impact on funding, related costs and our project profitability?