"Knowing is not understanding. There is a great difference between knowing and understanding: you can know a lot about something and not really understand it.” Charles Kettering (1876 - 1958) |  |
Resource Library Full Cost Recovery
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Full Cost Recovery (FCR) is the process of analysing an organisation's full costs base and understanding how these costs related to the development of projects or programs of work. FCR is gaining in acceptance by the major funding bodies. Below are a set of resources to offer some insights into the key concepts and tools available in the sector to VCOs. Funding the Future: Core Costs Revisited ACEVO's excellent introduction to the need for full cost recovery enables readers to develop a sophisticated understanding of the issue from all sides of the debate. Full Cost Recovery: A Guide and Toolkit on Cost Allocation New Philanthropy Capital's practical guide to understanding and analysing full costs. At the heart of the guide is a cost allocation template to help organisations calculate the full costs of their projects and services in an easy step-by-step process. It is available in hard-copy or as an interactive CD-ROM. Both these publications are available from ACEVO. NCVO's Sustainable Funding Project (SFP) has more information on full cost analysis and recovery on its website. New Philanthropy Capital has more information on the full cost recovery cost allocation template, concepts and principles explained. NICVA run a 1-day course to explain the principles behind full cost recovery and so help organisations to understand their costs better and present them in a consistent way to funders. The programme will refer to ACEVO and New Philanthrophy Capital's CD-ROM template as a potential tool for costing projects. Participants will receive the CD-ROM of the Full Cost Recovery Template. The one day course covers topics such as: types of costs, methods of allocating costs to projects/activities and systems for data collection. |