Financial controls, management accounts and budgeting

Financial controls, management accounts and budgeting

A look at look at simple financial control measures a small organisation can put in place , as well as reporting and management accounts.

By Borders Community Action

Date and time

Location

Online

About this event

  • Event lasts 1 hour 30 minutes

About the series

Managing a not-for-profit organisation’s finances can be challenging. Trustees (charities)and directors (CICs) are responsible for making sure their organisation is financially robust enough to operate in line with its purposes and meet the needs of beneficiaries. This series of four sessions aims to guide you through some key areas to support your organisation and boost your confidence and knowledge in the most important areas of managing finances.

About this workshop:

We need to safeguard our not-for-profit organisation’s assets (for example money and equipment). This session will look at simple measures a small organisation can put in place. One important control is regularly reporting the finances, and so we will consider management accounts – what they are and what they should include.

Participants will learn:

By the end of the session, participants will have a better understanding of:

  • Budgeting
  • How to build a budget and identify trigger points and how this can help your organisation stay financially resilient.

The trainer:

Elaine Alsop has over 25 years experience working closely with charities, community interest companies and other voluntary and community groups, develop and strengthen their financial management.

Organized by

Free