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One way of ensuring that your community group or organisation continues to thrive and deliver is by generating an income from trading. This might be:-
Third Sector community groups are not set up to specifically make a profit. However, generating some income from trading encourages a more self-sufficient approach to running the organisation and can make a real difference to the sustainability of a group. Trading encourages groups to move away from relying solely on grants and donations to fund their activities and services. Any surplus (or profit) made from trading must be used exclusively to further the aims and objectives of the group or organisation. Other Community Toolkit Topics to look at:Trading as a Social Enterprise....generating income by trading as a social enterpriseCharity Trading....how to sell goods or services as a charityProcurement and Tendering....what is procurement and tenderingContracts and Service Level Agreements....what is a service level agreementCommunity Interest Company....what is a Community Interest Company and how to set one up
For more information visit your
local support organisation |
