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Task 5: Based on the findings, give recommendations to Child Care so that the firm could be financially independent and contribute to the society? please

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Task 5: Based on the findings, give recommendations to Child Care so that the firm could be financially independent and contribute to the society? please help me i need the answer .. Sornariat Child Care is a local ne-pole organisation solely managed by Mr. Mohammal. Before 10 year, his family contributed property and rings to establish this profit oration whichas to provide free education, food, and she plans in the country. The one of income from donations and charities which Mohammed cancerate from his family members. Mohammed's educational qualification is an engineering produse and therefore he has no knowledge of managing a ne profit organisation. Mohammel's lack of counting and finance knowledge has created biquidity inues to the organisation. In addition, there is no proper checks and balances doce the accounts since sheetit. The employees comists of Mr. Gopi, M. Son and Mr. Almod. Gupi look for houding cleaning, and cooking for the scherme Sara is the cashier of the fim. Sarapes financing of the noe-profit and Ahmed books for the administrative aspect of the flom. All these twee employees we full time employed but we underpad as compared to the private sector However, since few years, the number of orphans has increased in the organisation and therefore there is negative cash bulances for few year The details of the closing balances of the nettsted follow all figures in Onaniral 2019 United Temporary restricted Permanently restricted (30,000 100.000 57.000 900 167.com 1000 There is an immediate need to recruit additional the full time employees out of which the umployees as required in the weeping where we is equired in the alminition of the prode. Mommal is fing criticism from being alich e complaining of lower salary and they working hours. Mohammed facing challenge in generating funds from charities and donations as needs of the profit fim is worrying him. Major doors are also happy with the type of services provided to the key cholder forplum of the profit for Neighbouring city house have appreciated the charity work done by CIM Cae Thuriya, a focal manager has approached Mohammed and is willing to provide a hunk loan for covering the cash balonces Thunya le recommends Mohammed w cut down unnecessary expenses leure, siery, and However, Mohammed will have skoop theo sets of Child Cares to avail the banko Ahmeds of the opinion that the perfisfim sed expanding band and include major de twee. This will inte tycy in the e profit organ Heever, Sarawally want this postes will create additional confesion and aperational challenges to existing management (Mehmet and to the non-profit fim. Gopiis of the opinie te this profit fimas ir negative cash balances will create liquidity in Mal ultimate objective is te probes from the petit fim that he cow the additionalisme for other businesses Mohammol has approached you and asked some generic and specifice which could help fix the mentioned

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