A Community First Yorkshire event

Trustee Essentials Session 3 – Understanding Money is My Business

Understanding the three R’s for charity finance: Responsibility, Rules and Risk

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?

All trustees have a shared responsibility for their organisation’s finances. 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.

Event aims

This one 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.

After 60 minutes, you’ll feel like you’ve had your money’s worth with a more confident approach to charity finance and following where the numbers lead.

This live, interactive training focuses on the 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.

What will you learn?

By the end of the course you will understand:

  • How to protect your charity’s money, including looking at internal financial controls and identifying and managing risks
  • 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.
Take advantage of our trustee training bundle

You can either dip your toe into this one training session, or dive right in to our trustee training bundle.

We’ve developed a suite of trustee training that covers everything you need to know about becoming a great trustee, as set out in the Charity Good Governance Code – from finance and risk, to safeguarding, diversity and recruitment.

Other training sessions available to you include:

Who should attend?

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

About the trainer

This training will be delivered by Andy Shield. Andy is an experienced Development Officer and has worked for many years supporting trustees of community groups and charities across North Yorkshire.


Booking deadline date: Monday 3 October 2022, 12:00pm

If you have any questions about booking or invoicing please contact info@communityfirstyorkshire.org.uk or telephone 01904 704177.


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


This event is free to organisations in North Yorkshire with an income of up to £5k thanks to funding from North Yorkshire County Council.

Places for other organisations are £18pp (incl VAT) for this session only / £90 (incl VAT) for this session and 5 Trustee Essentials sessions.

If you are a small organisation that would struggle to attend this training, a limited number of bursary places may be available. Please contact communitysupport@communityfirstyorkshire.org.uk or 01904 704177 to discuss this further.

Please note that non-attendance on training you have booked on will require the full payment, this also applies to bursary and funded places. This is to allow as many participants as possible access to our training. See our Terms and Conditions for more information.