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Session 18 Fund Development in Girl Guiding/Girl Scouting: Financial Sustainability. 11 th Asia Pacific Regional Conference 3 July 2013 Tokyo, Japan. I understand the importance of sustainability But, Do I understand sustainable income streams ?.
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Session 18Fund Development in Girl Guiding/Girl Scouting:Financial Sustainability 11th Asia Pacific Regional Conference 3 July 2013 Tokyo, Japan
I understand the importance of sustainability But, Do I understand sustainable income streams ? This session aims at supporting thinking around financial sustainability, while it enables us to think about diverse income streams, it stretches our thinking on a broader subject.
Out come of this session : • Analyse current situation: sustainability level and income streams • Awareness about income sources/donors • Understand the challenges and opportunities in seeking new income sources/donors Analysis Tools : Website www.ncvo-vol.org.uk/sfp
Why do I need to know? Make to the future !! Sustainability using resources with ensure their long term availability.
The concept in our context At its essence a sustainable approach encompasses: • Strategic Planning • Diversification as far as possible – of an organisation’s income streams • Building organisational skills and capacity
Who’s responsible for sustainability in your organisation? http://youtu.be/pmo8SsVEDoo
Sustainability related responsibilities of the national board/the trustees • Ensuring that the charity is and will remain solvent • Using charitable funds and assets reasonably, and only in furtherance of the charity’s objects • Avoiding undertaking activities that might place the charity’s endowment, funds, assets or reputation at undue risk • Taking special care when investing the charity’s funds or borrowing funds for it to use • Complying with the law and the charity’s governing document • Acting in the best interests of the charity and its beneficiaries • A duty of care to act reasonably and prudently
Which spending type am I? • Spender • Saver • Donor • Avoider
How & What you raise funds for supports your mission mix of funding sources; donated and earned with funders and others that you need to achieve your mission costs, income and risk where you fit, how you are different and how to tell people show you are making a difference
Activity 1 The sustainability sun tool: 1st steps to sustainability
The sustainability Sun Tool: Help you assess where you are in working towards financial sustainability Give you practical ideas and support for how to move forward Review your progress
Think about sustainability and its complexity Exercise 10 minutes Briefly share what you learnt using 3 words only
Activity 2 Income Spectrum Shows the range of income options Good sense of their situation in relation to income diversity Connecting income diversification with sustainability
Analyze the breakdown of your income Group Activity : • Analyze the breakdown of your income • Assess whether a more diverse approach could benefit organization Take a few minutes to review your current income streams and assess whether a more diverse funding approach could benefit your organization and your beneficial. Consider diversification across the income spectrum
Activity 3 exchange the challenges and opportunities What would the perfect mixture of funders ? Funder needs
Get the strategic approach Securing income that is a good match for your organisation’s mission and strengths helps you to be financially sustainable. Question : • What would the perfect mixture of funders for the organisations represented in the group be? • Why?
What have we learnt? • What sustainability is and why it is important • More about the aspects of sustainability • More about income diversity • More about our organisation and its sustainability level • More about the different sources of income available
Next Use WAGGGS resources with your team. Download “How to Fundraise successfully for your organisation” from the members’ area.