Description

This half day course is designed for new treasurers, general trustees and management committee members or staff who work in smaller organisations to understand the basics of how to manage the finances within a voluntary or community organisation. It covers all the essential issues ranging from drawing up a budget to ensuring that the organisation has sound financial procedures.

Areas covered

Components of good financial management

How to draw up a budget and monitor this throughout the year

How to develop and monitor a cash flow forecast

Full cost recovery

Building up reserves

Producing the annual accounts

Developing simple but effective financial procedures

Typical financial issues that occur in VCS organisations..

This course could be run as part of a training programme or could be run in house.

In-house courses

The course is designed to be flexible so that it can accommodate the specific needs of a particular organisation or agency. For example, the course could be designed around the planning of a particular event or series of events. The course could be extended in length to a whole day if necessary.

Objectives

To help participants understand their financial responsibilities as treasurers, trustees or management committee members

To introduce a number of good practices in managing finances which can be done simply and without too much paperwork

To ensure participants understand how to draw up a simple budget and cash flow forecast

To ensure participants understand a few of the technical issues of managing finance such as “restricted” and “unrestricted” funding, “revenue” and “capital” income and expenditure..

Target Audience

People working or volunteering in the voluntary and community sector, including trustees or management committee members and those working in statutory agencies who work closely with VCS groups or community projects. The course can be adapted to suit particular needs.

Cost

From £150 + travel costs

Course Images

Managing Your Finances

By SAVO CIC

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