Finance can appear daunting, with all of the complicated terminology and irritating processes. Many charities, notably smaller charities, keep away from the complexities of finance, as a substitute treating organisational funds like private funds. That may create issues by way of effectivity, transparency, reporting, accountability, and a lot extra. That’s why we wish to provide you with a easy introduction to finance, overlaying budgeting, futureproofing, sustainability, and a lot extra.
Every workshop provides perception into key components of charity finance. The primary will study budgeting, taking a look at how charities can hold funds underneath management, keep away from poor decision-making, and promote long-term viability. The second will cowl sustainability, with perception into earnings diversification, money move governance, value management, and way more. The third workshop will take a look at reporting, giving a step-by-step information and searching on the varied necessities that charities should fulfill alongside the way in which.
Attendees can decide the workshop that the majority fits their wants, or they will attend all of them. No matter most closely fits you. You’ll be able to learn beneath for a fast overview of every session and a extra detailed breakdown will seem shortly within the tabs above. We look ahead to seeing you.
This course is sponsored by Sage Basis. Sage Basis is dedicated to flattening obstacles so that everybody can thrive. We give time, know-how, experience and funding to influence our communities.
Sage Basis NPO Success helps non-profit leaders to handle their organisations, cut back inefficient processes and enhance their understanding of monetary administration by offering discounted product subscriptions together with free instruments, assets and coaching.
Who’re these workshops for?
The workshops are for any charity skilled involved in funds or trying to enhance their monetary expertise. You don’t should be working instantly within the space to use. Nevertheless, you probably have an understanding of charity finance fundamentals, this can be helpful. We’re notably encouraging charities with an annual earnings between £10-100K to use.
Workshops are open on an software foundation for as much as 20 individuals, please assessment the deadlines beneath to make sure to not miss out. Please notice that ought to the workshops replenish earlier than the deadline then we’ll shut the purposes early.
We’re additionally working this similar workshop collection in spring – see dates right here.
Workshop 1: A sensible information to efficient budgeting
sixth September 10:00-12:30
Deadline for purposes: twenty sixth August
- The fundamentals, the advantages, and the significance of budgeting
- How you can create an efficient funds for the longer term
- The fundamentals of money move forecasting and cashflow course of
- The necessity for long-term pondering and monetary methods
- The place to seek out helpful assets
Workshop 2: Futureproofing and monetary sustainability
twentieth September 10:00-12:30
Deadline for purposes: ninth September
- The basics of monetary sustainability
- How you can assessment earnings reliance
- How you can observe money move governance, value management, and earnings diversification
- The significance of monetary technique, tradition, management, and infrastructure
- How you can write a sound monetary administration coverage
Workshop 3: How charities can grasp monetary reporting
4th October 10:00-12:30
Deadline for purposes: twenty third September
- The distinction between statutory accounts and administration accounts
- Precisely what is wanted for a helpful monetary assertion
- How you can report earnings and variances to funds and final 12 months
- Understanding and reporting variables prices (value of gross sales) and overheads
- How you can generate a cashflow forecast, perceive it and act on it