Finance and Fundraising (VCSE Sector)
Fundraising is the term used to describe the method of raising money to keep the charities/voluntary organisations and their services running. Fundraising takes place through several activities including local community events, running retail outlets and cafes and receiving sponsorship or donations from corporate organisations.
Voluntary, Community and Social Enterprise (VCSE) sector organisations often employ a staff member to oversee finances and monitor expenditure.
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Fundraisers are normally volunteers who work a set number of hours per week or month, with this commitment being flexible depending on your availability and the needs of the organisation.
You may be involved in a number of community activities such as supporting the running of a charity film event or encouraging donations at a charity walk. Every fundraising event is different, and it’s a great opportunity to make new friends and raise money for a good cause.
There are normally no entry requirements to becoming a volunteer fundraiser. All you need is a positive attitude, motivation to support the charity, and a friendly smile.
A paid fundraiser is similar to a voluntary role, except in this position you will be paid a wage, be expected to work set hours and meet targets set by the organisation.
Becoming a paid fundraiser normally has no set entry requirements. Organisations will look for a positive attitude and approach to challenges, and may ask for previous experience in a fundraising role.
Having GCSE grade 5/C in Mathematics is also handy, as are any A-Levels in numerical subjects, such as Maths, Economics and Business Studies. Alternatively, many charities accept Level 3 qualifications such as BTECs and T-Levels. Some organisations may offer apprenticeships which focus on finance and fundraising.
Treasurer’s tend to be experienced in accounting and provide financial advice and guidance to charities. Their main responsibilities are ;
- To oversee and keep track of finances for the charity
- To notify the Chief Executive and Board of Trustees of any financial risk
- To make sure that correct records of finances are kept and that money is invested and spent properly
The role of treasurer is suited for someone with experience in managing large budgets and working in a charity.
Finance Officers help to prepare a summary of the monthly accounts, budget and a forecast of predicted spending for an organisation. Main duties include;
- Estimate levels of expenditure, profit etc.
- Research into products and suppliers ot get the best value for money
- Answer routine payment queries
- Using financial systems and databases
- Keeping track of contracts and the quality of service provided
- Process payments and invoices;
- Keeping financial records (paper and on the computer)
- Estimate costs for future activities;
- Attend meetings to discuss and present finance updates
Qualification from The Association of Accounting Technicians (AAT ) (This qualification can be achieved at college or via an Apprenticeship).
What skills and qualities do I need to work in Finance and Fundraising (VCSE Sector)?
An understanding of finance and the management of money
Good intuition and making decisions based on fact to ensure sustainable spending and fundraising
The ability to personally affect the actions, decisions, opinions, or thinking of others
Working with other teams and organisations to get the most out of what you spend as well as planning where to spend wisely