Development Trusts have to manage a delicate balancing act with their finances. On the one hand they must deliver some benefits to their community which cost rather than earn money; on the other hand they are under pressure from funders to cut their dependence on grant.
meeting core costs?
developing an asset base?
developing and running projects?
written agreements with sponsoring
and funding organisations?
a spread of funding support?
skills in assembling funding packages and in managing muli-source programmes?
appropriate accounting procedures
and financial systems with regular monitoring of costs and
procedures for costing and pricing Trust activity?
an efficient system for accurate measurement of income and expenditure on an accruals basis for projects?
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Partnerships Online : The Guide to Development Trusts and Partnerships: other sheets