Value-for-money and the small charity

Abstract

IMPACT: Charities have struggled financially in recent times, and are predicted to continue do so for the foreseeable future. In particular, small charities have fewer resources to support financial sustainability. The authors explored the importance of value-for-money (VFM) in small charities, and how it was defined and assessed. This article highlights the importance of VFM to small charities and suggests strategies for managing money more effectively and efficiently to achieve charitable objectives.