Talking points | Molineux Fundraising updates its talking points page monthly.

Free consultation | We offer a free initial meeting. Get in touch through our contact page.

Service guide | Our service guide is available in Word 6 and Adobe PDF to download.

Talking points November 2009

Outlook Stormy

The consensus that the immense liabilities piled onto the taxpayer over the past few years will actually, somehow, someday have to be paid off – or at least reduced to comprehensible dimensions, means widespread belt-tightening is on the way.

And it will not be a question of scrapping programmes not already costing money. If I now plan not to have a holiday in 2010 it will not reduce my overdraft by 1p.

They only way to reduce debt is to have income exceed expenditure by a stated amount for a stated period of time such that a surplus equal to the deficit will be achieved on a fixed date.

This always means reducing recurrent costs: scaling back future capital commitments never does it.

The best approach is to increase income at the same time as cutting costs: and never to cut spending on income generation.

For charities that means cut the deficit generating services and admin and boost the fundraising and income generating bits, and accept no service contracts that don’t create a surplus!

Happy Days.