1. Accounts and Independent Examinations
If your financial year end is 31 March (as is the case for many organisations), you should be gathering together the information required to compile your accounts. When your accounts actually need to be prepared depends on a number of things, including requirements of your constitution and your funders.
2. OSCR Annual Return
OSCR (the Office of the Charity Regulator) issues the Annual Return form to charities shortly after the end of their financial year. This requires to be submitted to OSCR within 9 months of the charity’s financial year end – see the OSCR website www.oscr.org.uk for further information. If you are a charity, and have not received an OSCR form within a month or so of your financial year end, you should check with OSCR – you may have forgotten to inform OSCR of a change of contact/address, or it may just have got lost in the post!
If, however, you have registered to submit your return online, you may not receive information until June – see http://www.oscr.org.uk/about-oscr/oscr-online/ for further information or to register.
3. Monitoring
Again, if your financial year ends on 31 March, you may be asked to submit monitoring forms to your funders. The turn around timescale can vary but is usually fairly short. As April is a major holiday period, this can mean many organisations frantically trying to submit monitoring forms when half the staff is away! Forward planning and the constant updating of records makes life easier. However, if you are like MVA, and have staff funded by a number of funders, you are likely still to be very busy!
If you find you are struggling to provide the information funders are looking for this year, I would suggest that you start thinking ahead for next year – the website of Evaluation Support Scotland provides some useful resources – http://www.evaluationsupportscotland.org.uk/resources1.asp?id=28.
4. Business Plan
Even if you have an existing Business Plan, April is a good time to revisit it for many organisations (particularly ones funded by local authorities and the Scottish Government) as information on grants being awarded is often issued in March. If funding bids have been turned down, or less money is being provided than asked for, you will need to re-examine your Business Plan to fit resources.
5. Funding
If you have received less funding than you hoped for, and you are a voluntary sector organisation based in Midlothian, remember that Lesley Kelly, Development Officer (Funding), Midlothian Voluntary Action – tel: 0131 663 9471, may be able to help you find further funding.