Finance can seem daunting, with all the confusing terminology and frustrating processes.
Many charities, particularly smaller charities, avoid the complexities of finance, instead treating organisational finances like personal finances. That can create problems in terms of efficiency, transparency, reporting, accountability, and so much more.
That’s why Charity Digital have set up this series to give you a simple introduction to finance, covering budgeting, futureproofing, sustainability, and so much more.
Each of the three workshops offers insight into key elements of charity finance. The first will examine budgeting, looking at how charities can keep finances under control, avoid poor decision-making, and promote long-term viability. The second will cover sustainability, with insight into income diversification, cash flow governance, cost control, and much more. The third workshop will look at reporting, giving a step-by-step guide and looking at the various requirements that charities must fulfill along the way.
Attendees can pick the workshop that most suits their needs, or they can attend all of them. Please see our website for links to the other sessions.
About this event
This course is sponsored by Sage Foundation. Sage Foundation is committed to knocking down barriers so that everyone can thrive. We give time, technology, expertise and investment to impact our communities.
Sage Foundation NPO Success helps non-profit leaders to manage their organisations, reduce inefficient processes and increase their understanding of financial management by providing discounted product subscriptions along with free tools, resources and training.
Who are these workshops for?
The workshops are for any charity professional interested in finances or looking to improve their financial skills.You don’t have to be working directly in the area of finance to apply.
The content is pitched at those with a lower financial experience level. They are particularly encouraging charities with an annual income of between £10,000 to £100,000 to apply.
Workshops are open on an application basis for up to 20 people, please review the deadlines below to be sure not to miss out.
Workshop 3: How charities can master financial reporting
4th October 10:00-12:30
Deadline for applications: 23rd September
- The difference between statutory accounts and management accounts
- Exactly what is needed for a useful financial statement
- How to report income and variances to budget and last year
- Understanding and reporting variables costs (cost of sales) and overheads
- How to generate a cashflow forecast, understand it and act on it