This course explores practical financial management for charities (preparing management accounts and monitoring budgets, understanding statutory accounts and the TAR)

What is this course about?

• Key components of management accounts and how to present them
• Budgets/forecasting – how to create and report against
• Interpretation of accounts – an overview of the differences between cash basis and accruals basis accounting and example accounts exercises. The course will also include group discussion and key pointers/things to consider from a technical perspective, for example revenue recognition and cut-off principles.

What will you learn?

• What to focus on when preparing/presenting management accounts
• Key aspects of Financial Statements and how to present them (including the Trustees Annual Report)
• How to compile a budget and cash flow forecast
• Understanding of budget variances and when to report on them

Who is the course for?

Non finance managers working in the charity sector and trustees looking to understand financial information. This course would suit those with some experience of charity finance. Our Introduction to Financial Management course as a precursor to this one.

Level: Intermediate

Voscur theme: Money matters

What else do you need to know?

To take part you will need a laptop with a camera, microphone, and Wi-Fi. You will not require any additional software. You will be emailed an invitation with a link to join the online training prior to the course.

This course is now free of charge as Voscur are currently offering free courses to support the VCSE sector during this challenging time. 

Voscur has had to cancel face to face training events due to the ongoing public health situation with coronavirus (or COVID-19). This decision was taken in line with local and national health advice, and to safeguard the health of our attendees and staff. We are aware that many VCSE organisations in the city are focusing their efforts on providing and changing their services to respond to communities. For more information about coronavirus, https://www.voscur.org/content/covid19-service-users

This course is currently free – the usual rates would be: Full Member: £55, Associate Member: £77, Non Member: £94.

Voscur training courses continue to be free throughout May 2020. This is part of our offer to the VCSE sector, providing extra support during the pandemic when we know your time, energy and resources are all pushed to the limit. However if you book a course and then cannot make the training, please do let us know by 3pm the day before the course as someone else can then benefit from taking part – our courses often have large waiting lists at present. Voscur reserves the right to charge an admin fee for anyone who does not attend the course and has not informed us.