Inspire for Management Excellence (IME) is a capacity development social enterprise established in May 2018 aiming to have social impact in Sudan and other countries. IME was founded by a team of three professional individuals with the same passion to enhance people’s skills and confidence as well as improving organizational systems. IME registered as a Private Limited company under Commercial Register of Ministry of Justice in Sudan

Planning for Financial Sustainability

Group size: Maximum: 18
Length: 3 days
Duration: 12 - 14 Apr
Location/City: Khartoum
Closing Date: 12 April 2020
  Suitable:

This course is aimed at policy and strategic decision-makers of small to medium-sized NGOs, including Board members. The course is also suitable for international NGO programme managers who advise local partners on how to plan for financial sustainability.
Previous financial management experience or training is not a requirement for this course although it is advantageous to complete the Essentials of Financial Management course first if you are completely new to financial management.
During the course, there will be an opportunity to practice key planning tools using your own organisation’s situation, so it is important that you are familiar with your organisation’s strategic objectives and are in a position to implement the learning after the course. The course will have the most effective outcomes if two people from the same organisation are able to attend at the same time.


  Covers:

The purpose of this course is to build the confidence and skills of NGO leaders to improve the financial sustainability of their, or partner, organizations by:

  • Assessing and managing critical financial risk
  • Developing a financing strategy and associated policies.
 
Outcomes:

Key discoveries:

By the end of the course, you will:

  • Describe the components of a financing strategy for an NGO including the four key features of a financially sustainable NGO
  • Outline options for building up unrestricted reserve funds to create a safety net and support future development
  • Outline options for financing and managing central support costs across the organisation
  • Carry out a financial risk assessment using selected analysis and mapping tools to identity critical threats facing your or partner NGOs
  • Analyse financial statements using financial ratios to assess the donor dependency and reserves status of your or partner NGOs’ current and desired financing mix
  • Carry out a resources audit to establish the potential for alternative financing options in your or partner NGOs
  • Create an action plan for the next steps to finalise your organisation’s financing strategy.

 

Learning approach:

  • Our training puts the learner at the center, using practical and fun learning activities supported by easy-to-use materials. We share tools and techniques that can be immediately used in your work.

 

How to sign up:

  • Contact the Registration Team info@inspire-ime.org for more information.


Daily program Timing:



This course will be held daily from 9 am-5 pm, with two 15-minute breaks and a 60-minute lunch. Times subject to change based on location.



 



Day 1:



Welcome and overview




  • Introductions, expectations and program overview


  • What is financial sustainability and how do we achieve it?



Assessment tools:




  • Financial SWOT analysis


  • Stakeholder analysis – the Mendelow matrix


  • Financial statements – financial ratio and trend analysis


  • Marketing of NGOs



 



Day 2:



Mapping income:




  • Where do NGOs get their money from?


  • The financing mix matrix


  • Challenges of donor dependency



Risk assessment




  • Financial risk mapping


  • Financing strategy document



Income policy




  • Resources audit


  • Financing options


  • Charging for services


  • Desired funding mix


  • Self-financing – membership scheme



 



Day 3:



Reserves and targets:




  • What are reserves and different types of reserves


  • What level of reserves?



Policies:




  • Generating reserves


  • Reserves policy


  • Central support costs policy and apportioning costs


  • Ethical policy and unrestricted funds policy


  • Board members



Action planning:




  • Stakeholder action plan


  • Certificates and close




Register Now





Contact us:

Email: info@inspire-ime.org
Phone: +249912730450 / +249912730494
Location: 14 Abu Sinn Street -Khartoum /Sudan