Understanding Charity Finances – 2 Hours | Online | £75
It can be daunting to be faced with a charity’s financial statements and now know how to read them or what things to look out for. If you’re a young trustee looking to feel more confident when it comes to spreadsheets and budgets, this training is for you. Understanding Charity Finances is a supportive session designed to equip you with the practical skills you need to understand where your charity is at when it comes to money.
What We’ll Cover:
- Financial Oversight & Duties: Get a clear overview of how UK charity regulation works and your legal financial duties as a trustee.
- Charity Reporting Demystified: Learn what financial reports actually show and what to look out for when reading them
- Cracking the Jargon: Master key terms – like restricted vs. unrestricted funds, Profit & Loss sheets, in plain, simple English.
- Reading the Numbers: Walk through a Statement of Financial Activities (SoFA) with your trainer and look at a number of case studies.
- Curiosity as Your Superpower: Discover why you don’t need to be a maths genius, and how asking simple questions can make you a great trustee.
- Wrap-Up & Q&A: Reflect on key takeaways and ask any lingering questions you have in a supportive, ‘no such thing as a silly question’ space.
Format: Interactive and practical, broken up with regular breaks and varied activities to suit all learning styles.