Church Financial Management Training
Advanced Financial Management Training for Church and Charity Accountants
- Starts 22 Jan 2024Starts 22 Jan 2024
- 600 British pounds£600
- Brooker Road
This 2-day training program equips charity accountants with the knowledge and skills necessary to effectively manage the financial aspects of charitable organisations, ensuring compliance, transparency, and strategic financial planning for the betterment of their causes. Day 1: Financial Governance and Reporting 1. Understanding Charity Finance • Overview of financial management in the charity sector. • Key financial challenges faced by charities. 2. Regulatory Framework • Charity Commission regulations and reporting requirements. • Charities SORP (Statement of Recommended Practice). 3. Ethical Considerations • Ethical principles in charity finance. • Maintaining transparency and accountability. 4. Financial Governance • The role of charity trustees and financial oversight. • Effective governance structures and practices. 5. Financial Reporting • Preparing and interpreting financial statements. • Charity accounting standards and best practices. 6. Risk Management • Identifying and managing financial risks. • Building financial resilience. Day 2: Strategic Financial Management 1. Budgeting and Financial Planning • Developing and managing charity budgets. • Aligning financial plans with strategic objectives. 2. Resource Mobilization • Diversifying income streams and fundraising strategies. • Grant management and compliance. 3. Investment and Reserves • Responsible investment practices. • Building and managing reserves. 4. Performance Measurement • Key performance indicators (KPIs) for financial health. • Monitoring and reporting financial performance. 5. Financial Sustainability • Ensuring long-term financial sustainability. • Strategies for income generation and cost control. 6. Emerging Trends • Staying informed about changing financial trends and regulations. • Technological advancements in charity finance. Benefits for Charity Accountants: • Enhanced understanding of charity-specific financial management. • Proficiency in regulatory compliance and ethical considerations. • Improved financial governance and reporting skills. • Strategic financial planning and resource mobilisation expertise. • Knowledge of risk management and building financial resilience. • Ability to contribute to the long-term financial sustainability of the organisation. • Awareness of emerging trends in charity finance for informed decision-making.
121 Brooker Road, Waltham Abbey, UK