Budgeting and Variance Analysis for Community and Voluntary Organisations
Issued on July 26 2017
One of the objectives of good budgeting is to provide a base against which actual financial results can be compared. This guidance documents sets out the format of a simple Income and Expenditure statement, comparing Actual with Budget. Community and Voluntary organisations must investigate all causes of variance and take appropriate action; indicating what the cause was, and what is be done to rectify the situation.