A Community First Yorkshire event

Financial Risk and Awareness

Financial risk wording on block
Quote in blue background saying: "I am so impressed with this course that I have had agreement that all our new trustees will attend it." Philip Richardson, MBE

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.

Who should attend?

This training is suitable for all trustees and employees who want to obtain a general understanding of their financial responsibilities and levels of risk. It does not require you to have a background in finance.

Please note this training is aimed at organisations and groups based in North Yorkshire or delivering services within North Yorkshire.

About the trainer

Shahida Iqbal, Director, Manar Associates Ltd

Shahida has extensive experience of supporting charities to work through governance issues.

Cost and concessions

£35 (including VAT)

Concessionary places

Thanks to funding from North Yorkshire County Council, we have free ‘first come, first served’ places if you meet either of the criteria below. You can self-select a free place during booking.


  • You are from a North Yorkshire VCSE organisation with an income of up to £5k


  • You are from a North Yorkshire VCSE organisation with an income of up to £25k that is experiencing financial hardship and would struggle to pay.

These spaces are limited so if a free place is not shown when you go to book, you can ask to be added to the waiting list for a free place on a future training session.

No shows and concessions

Please note that if you don’t attend training that you have booked on without giving seven days notice, you will be required to make the full payment. This also applies to free places. This is to allow as many participants as possible access to our training. See our Terms and Conditions for more information.


Attendees can receive refunds for cancellations up to 7 days before the event date.

Contact details

Booking queries contact
Email: info@communityfirstyorkshire.org.uk

Programme queries
Email: communitysupport@communityfirstyorkshire.org.uk

Tel: 01904 704177

Booking details

Book your place here.

Booking deadline date: Tuesday 6 June 2023 @ 12:30