Virtual Finance Director

Our Virtual Finance Director (VFD) service aims to support charities which require the expertise and experience of a fully qualified finance director but do not want the costs of employing a member of staff.

This service means that charities can use their VFD on an ad-hoc basis as and when required, for example to help with annual budgeting, reforecasting or year-end planning; or, they may come in every month to work with senior management and the board providing high-level & strategic financial reporting.

Examples of the activities that VFD’s can support include:

• Provision of financial forecasts and help with budgetary and planning processes;
• Attendance at trustee and management meetings (& AGM), as requested, to provide an overview of the financial performance;
• Liaison with bankers regarding general banking arrangements and facilities, negotiating where required;
• Overseeing preferred supplier systems for non-strategic supplies and negotiation in regards to contracts and services;
• Recommending management improvements to internal controls;
• Routine liaison with external auditors on audit plans, timing etc of annual accounts and the presentation of the annual accounts at the AGM if required;
• Providing a written commentary to the management accounts and providing project accounting information.

This list is provided to give an idea of how you can use our services. It is certainly not exhaustive. Please do contact us and we can talk through your specific requirements.