Overseas Special Interest Group

Accounting and reporting Governance, regulation and compliance Financial sustainability

Wednesday 20 February 2019

Crowe
St Bride's House
10 Salisbury Square
LONDON EC4Y 8EH

Adaptive Financial Planning

Financial planning poses specific challenges for many INGOs as their programmes are subject to change depending on outcomes and local conditions, resulting in uncertain projected income streams. Additionally they often have fully or partially decentralised structures, with activities occurring and decisions being made remotely.

Most NGOs adopt a fairly similar approach to financial planning, setting detailed annual budgets ahead of each financial year, often structured by department, project or cost centre and against individual budget lines. The process is often very time-consuming and rigid, whilst resulting in relatively small changes in resource allocation year on year. It gives little or no indication of the financial position and projections beyond the year end, even where in-year forecasts are undertaken. How can NGOS ensure alongside this that they adhere to their duty to manage their work effectively and efficiently?

How fit for purpose is the “standard” annual financial planning process? To what extent does it allocate resources effectively, efficiently and on a timely basis, whilst incentivising cost efficiency?  

In this meeting we will explore how financial planning processes can be more responsive to your organisation’s needs, for example through:

  • More flexible budgeting and resource allocation
  • Simpler, higher level budgeting
  • More frequent, lighter touch forecasting or rolling financial plans.  

In this meeting you will:

  • Consider a case study of how financial planning processes can be made more adaptive, efficient and fit for purpose
  • Hear about various learnings with respect to adaptive financial planning
  • Reflect on the context for financial planning in your organisation
  • Participate in a workshop  to:
    • Gain insight into the drivers in your own INGO that shape its financial planning requirements
    • Identify changes that you could implement to make your financial planning more responsive and efficient. 

There will be plenty of opportunity for questions and discussion.

Our Overseas special interest group (OSSIG) is run in collaboration with Humentum.

 

Please contact us at membership@cfg.org.uk to find out more.

 

 

 
Speakers

Rachel Hewitt, Finance Director, Care International UK

Tim Boyes-Watson, Global Director, Alliances and Advocacy, (Chair), Humentum

George Bennett, The Francis Crick Institute

Mohamed Jaffer, Clear Plan

Programme
13.30 - 13.45

Registration and refreshments

13.45 - 13.50

Welcome and introductory remarks

Tim Boyes-Watson, Global Director, Alliances and Advocacy, Humentum (Chair)

13.50

Care International UK

·         Care International UK:  a brief introduction

·         Strategic and financial planning:  the story so far

·         Financial planning approaches in response to heightened uncertainty and significant change

·         Lessons learnt and reflections

·         Challenges and future priorities 

Rachel Hewitt, Finance Director, Care International UK

Using technology for more flexible, active and robust financial planning and budgeting

 

·         Introduction to the Francis Crick Institute

·         Background and context:  why implement a financial planning system

·         Selecting, implementing and using Adaptive Insights

·         System functionality: automating financial planning, scenario modelling, and forecasting

·         Lessons learnt, challenges and future priorities

·         Introduction to the Francis Crick Institute

·         Background and context:  why implement a financial planning system

·         Selecting, implementing and using Adaptive Insights

·         System functionality: automating financial planning, scenario modelling, and forecasting

·         Lessons learnt, challenges and future priorities

George Bennett, The Francis Crick Institute and Mohamed Jaffer, Clear Plan 

Group discussion and workshop

·         What are the drivers that shape the financial planning requirements of your organisation?

·         What practical adaptations or changes could you make in your organisation to make the financial planning processes more responsive and more efficient?

Open discussion:  for participants to raise any topics or questions that they wish to bring to the meeting

Evaluation

17.15

Close and networking reception

Prices
Charities - Members£0.00
Charities - Non-members£0.00
Corporate - Members£0.00
Corporate - Non-members£0.00
Individual - Members£0.00
All Prices Inc. VAT

This conference is kindly sponsored by

In partnership with