The Finance & Fundraising Love Triangle How fundraisers can form a lasting (and meaningful) relationship with finance Tim Diggle – Head of Fundraising Leicester Hospitals Charity

What this session will cover: Why are we frightened of finance? The three (or four) key things you need to know about finance Finance Officers – the charm offensive Where to find more information on finance for fundraisers

Why are we frightened of finance?

Not good at maths? Can’t understand spreadsheets? They just don’t understand me!? I don’t understand what they mean I am afraid they will think I am stupid I am frightened they will say “no” I am not frightened, I am just not interested

Let’s turn this on its head Finance is not maths Most people think they can’t understand spreadsheets The reason we have finance officers is because no-one (but them) understands finance!!! Final thought: you don’t need to be a mechanic to drive a car

Let’s create a budget!

The Three (or four) things you need to know about finance Income Expenditure Balance

The fourth thing Return On Investment - ROI

Finance Officers – the Charm Offensive Talk to them (not when they are doing month-end reconciliation!) Talk to them in advance Ask their advice Involve them in your planning

Finance? Fundraiser!

It’s the difference between us! Financers are: Thinkers Analytical Detail conscious Cause & effect Introvert Structured Fundraisers are: Emotional Spontaneous Attracted by new ideas Intuitive Extrovert Creative

Where to find more information on finance for fundraisers Directory of Social Change Microsoft online tutorials us/support/training-FX aspx us/support/training-FX aspx

Conclusion

Any questions?