Agile funding also enables us to invest in the less visible aspects of our work. This includes strengthening local skills, dedicating resources to proper compliance, investing in the training and development of our staff, and ensuring robust, participatory monitoring and evaluation systems. ‘Core costs’ get a lot of bad press these days, but these are just a few of the many, many elements that are crucial for ensuring the long-term sustainability and effectiveness of our programmes.
To me, flexible funding says, “We trust you. You’ve been doing this since 1990 and you’ve seen a thing or two. We can see your track record and we want you to do what you do best’’. Some might feel this smacks of unaccountability, but we absolutely love showing our supporters what their money has achieved. We’re committed to transparency and have robust financial management systems in place. We want to ensure every penny is used in the most effective and efficient way, so communities have the very best shot at making a tangible difference in the lives of their children.
Naturally I could write a whole blog on how amazing our restricted funds are too, but what got me thinking at the start of this year was being awarded a flexible funding grant, raised by players of People’s Postcode Lottery. This is the fifth time we’ve been supported by People’s Postcode Lottery and they have always shown incredible agility in their support of the communities we work with. This year is our first unrestricted fund from them, and frankly we want to celebrate it. We absolutely love how they invest in organisations that tackle power imbalances and ensure development is truly led by local communities. They champion courageous funding that believes in the potential that organisations can be the drivers of positive, lasting change.
We’re looking forward to making them proud, and if you or your organisation would like to follow in their footsteps and partner with us or make a gift to our unrestricted funds pot, we’d be so grateful.