Hickey: 'plan for economic downturn'

By David Ainsworth, Third Sector, 11 June 2008

Charity finance directors should do as much risk planning as possible in order to weather the economic slowdown, according to Keith Hickey, chief executive of the Charity Finance Directors' Group.

Charities face a potential "three-way hit" from rising costs, falling incomes and increased demand for their services, he said in an interview with Third Sector. He advised charity finance directors to ensure that their organisations were stable. "You need to look at high-risk areas and ensure you've done everything you...