NEW for 2023: Understanding the three R’s for charity finance: Responsibility, Rules and Risk
Reputation damage, loss of funding, changes in government policy – there are any variety of risks that could affect your organisation.
As a trustee, you bring your time and enthusiasm to this vital volunteering role. However, not all of us can be a financial whizz. Do you know what questions you should be asking around money management? Do you understand your risks – what they are, and your role as a trustee in managing them?
All trustees have a shared responsibility for their organisation’s finances and regularly reviewing and assessing risks. Increasing competition for funding and pressures to improve efficiency means that trustees need to be confident that they understand this essential part of their charity’s strategy.
This 2 ½ hour training session will give you an overview of the key areas that are essential for all trustees. This is your chance to raise any specific questions you may have around your financial obligations.
This live, interactive training focuses on the trustee role in practice. Along with our trustee training sessions, our training will support you in your role and ensure you are meeting the Charity Good Governance Code.
By the end of the course you will have an understanding of:
- How to protect your charity’s money, including looking at internal financial controls and identifying and managing risks
- The use of a risk register in helping trustees identify the risks that apply to their charity
- How to classify the risks that are strategic or major risks, and those that are less serious
- Ten of the typical weaknesses of risk registers
- What you need to do to know about your charity’s financial position, including setting a budget and checking income and expenditure against it
- The need to keep accurate financial records
- The rules around payments to trustees
- Steps you should take to deal with financial problems quickly.