Financial strategy and planning for arts organisations and social enterprises who want more impact – and growth
Virtual CFO by Numbers Knowhow® is an outsourced financial solution that’s designed to help arts based organisations
- Streamline their financial management systems – so they can save time on financial reporting (including preparing trustees reports and financial statements) and ensure they are legally compliant
- Improve their budgeting, cashflow management and/or financial forecasting processes – so they can plan for future growth – and have a bigger impact on the people/communities they serve
- Develop a more strategic approach to financial planning – so they can make data driven decisions on future spending and/or investments to grow their impact (and their income)
- Streamline their financial management systems – so they can save time on financial reporting (including preparing trustees reports and financial statements) and ensure they are legally compliant
- Improve their budgeting, cashflow management and/or financial forecasting processes – so they can plan for future growth – and have a bigger impact on the people/communities they serve
- Develop a more strategic approach to financial planning – so they can make data driven decisions on future spending and/or investments to grow their impact (and their income)
Increase income and impact in your arts organisation
Investing in Numbers Know How®’s Virtual CFO outsourced financial strategy and support could help you:
- Increase income from grants and other sources
- Reduce expenditure (and redirect funds where they’re most needed)
- Futureproof your organisation – so you can plan for future growth
What clients say:
“Before we started working with Mahmood we had a lot of issues with previous accountants with deadlines and receiving the correct advice. We now have the right processes in place for financial budgeting, cashflow management and/or financial forecasting. This has given us the confidence to make new hires/investment in resources that have helped to grow our organisation (and our impact). Having a more strategic approach to financial planning gave us the confidence (and the data we needed) to expand our work across three more counties – something we wouldn’t have done otherwise”
“Mahmood has helped us move to a new bookkeeping package more suited to our needs and reporting requirements as an arts charity with multiple funding streams and projects. We started seeing results after the first few months of undergoing training and implementing our new bookkeeping package with Mahmood and his team and appreciated his sage advice on financial management issues. The most valuable part for our organisation was having someone with accountancy expertise who understood the charities and arts sector and was able to provide advice in a clear and accessible way.”
“Working closely with Mahmood we have put together strategic approaches for customer relationships, financial forward planning and project management. The results have been a step change for Drum and Brass, and have involved all staff in much more of the strategic understanding of our work. Mahmood and his team understand us and our finances, and have our organisations best interests at heart. We now have the right processes in place for financial budgeting, cash flow management and/or financial forecasting. This has given us the confidence to make new hires that have helped to grow our organisation and demonstrate our impact.”
What’s included
OPTION ONE
Virtual CFO Financial Audit- Financial audit & report
- Inc. financial health assessment, scorecard and recommendations
OPTION TWO
Virtual CFO Audit + Implementation- 90 Days
- Financial audit & report
- Inc. financial health assessment, scorecard and recommendations
- Basic Xero Set Up/Upgrade & Training (max. 3 hours)
- Basic Bespoke Reporting & Training (max. 3 hours)
- Development Consultancy Training* (up to 6 hours)
- *Can be used for board training/succession planning
- Free Subscription for Numbers Knowhow (worth £200)
OPTION THREE
Virtual CFO Audit + Implementation + Strategy- 12 months/Fast track in 6 months
- 12-month financial strategy & implementation plan
- Xero Transfer/Update & training
- Advanced Bespoke Reporting & training
- Financial Policy Review & Implementation
- Development consultancy/training (up to 6 hours)
- Quarterly report review & feedback
- Monthly CFO meeting (max 60 mins)
- Free Subscription for Numbers Knowhow (worth £200)
Still have questions or not sure which option is best for you? Pick a date and time to meet
Meet the Virtual CFO founder
Hi – I’m Mahmood
I created the Virtual CFO because I was talking to many arts organisations who said they:
- Were spending far too much time on financial management (including preparing trustees reports and financial statements) – typically because they were relying on multiple systems (and even spreadsheets) to track their finances
- Didn’t have consistent processes for budgeting, cash flow management and/or financial forecasting processes – which made it challenging to plan for future growth
- Felt cautious about making investments in people and resources – because they didn’t have the right ‘data’ to help with decision making
With more than 30 years experience running my own accountancy practice – and experience as a trustee on a number of arts-based organisations, I know that having the right financial strategies, systems and processes can help arts organisations go from surviving to thriving.