Previous winners of the Adrian Randall Prize
The winner of the 2015 Adrian Randall Challenge Prize was Nick Dugdale, International Financial Planning & Analysis Manager at Compassion in World Farming, and Treasurer of Attitude is Everything.
Nick submitted a nomination to develop a digital application for charity finance, which would aim to share best practice and enable the sector to become more impactful.
Nick had developed the idea following a successful period of strategic planning, during which he and his colleagues at Compassion in World Farming had taken the opportunity to rethink how their financial processes worked, ultimately enabling the organisation’s management to focus on longer term decision making.
The judges commented that the nomination was particularly strong in that it addressed the sorts of challenges facing many charities in the sector at present.
Read the full press release about Nick's winning nomination here.
The Adrian Randall Prize was launched for the first time in 2013. The winner of the inaugural award was Hilary Seaward (pictured left).
Hilary's winning nomination was a project based on making management accounts more accessible to Trustees from a non-finance background:
“I want to create a toolkit to help charities of whatever size take an imaginative approach to producing plain and simple management reports which all the Trustees will understand because they will have been instrumental in designing them.
Management accounts tell a crucial story but too often they are written from the accountant’s view point and in accountants’ language which alienates the reader and obscures rather than clarifies. After a while finance fails to notice the jargon and the lay reader is too unsure to questions it.”
Her proposal aims to “throw away the rule book” and design a creative approach to management accounts; her idea is a 5-step plan which involves carrying out a pilot study, developing her ideas with the knowledge of key individuals in the sector and finally developing a tool-kit and e-café to help support Trustees.
Read the report of Hilary's project here.
Click to read the full press release (19 March 2013)