2 (a) Discuss the nature of the financial objectives that may be set in a not－for－profit o

2 (a) Discuss the nature of the financial objectives that may be set in a not-for-profit organisation such as a charity

or a hospital. (8 marks)

2 (a) In the case of a not-for-profit (NFP) organisation, the limit on the services that can be provided is the amount of funds thatare available in a given period. A key financial objective for an NFP organisation such as a charity is therefore to raise