Finance for Non-Finance People (3 Day Course)

26October 201710:00

To

16:30
Where
Cambridge House, 1 Addington Square, Camberwell, SE5 0HF

This course is ideal for anybody working in the voluntary and community sector (including social enterprises) looking to improve their confidence when dealing with finance. Over three full-day sessions we will explore theory, demonstrate practical examples and tools, and promote good practice through case studies, peer learning exercises and discussions.

We will explore the key components of finance including the role of financial management across the organisation; and the role of budgets, cashflow, management accounts and balance sheets in effective planning.

By the end of the course, you will be more confident in developing and implementing financial policies and procedures and gain a greater understanding of how to use financial data effectively.

Day 1: 26 October 2017

Day 2: 21 November 2017

Day 3: 07 December 2017

Full details

Over three days we will explore how financial management is integral to all levels of the organisation; how decisions affect your organisation's financial performance and how they can improve your organisation's income potential.

We will demystify the jargon, explore key concepts in a practical way and help you to identify important trends and areas of concern. You will also be able to map out key financial challenges and opportunities and learn how to effectively plan and budget for them.

This is a three day course held over a four week period. You must be able to commit to all three sessions.

Who should attend?


This course is suitable for anyone who:  Uses financial procedures in their daily work but would like a deeper understanding  Those new to finance or project management  Those who have attended 'Fundamentals of Business Planning' and 'Income Generation for the voluntary and community sector' and are looking for the next step.

Course content

Session 1 - Putting Financial Management into context  
What does all that jargon mean? 
Financial responsibilties across the whole organisation - from Trustees to Project Managers The policies and procedures that you need for effective financial management  
Where does financial management sit in the planning cycle? 
What skills do you currently have and what others you may need


Session 2 – How do you know the cost and value of your service?  
Do you know the total cost of running your service?
Do you know their value?  
Using monthly budgets as a tool to manage your finances  
Role of cash flow and forecasting in helping you to plan  
How to ensure that you recover all your costs


Session 3 – Compiling Accounts  
What they should tell you  
How these figures contribute towards overall performance  
What to do when 'variances' occur  
Financial reporting requirements  
Bringing it all together


Outcomes

On completion of this Finance for Non-Finance People course participants will be able to:  

understand the role of finance in effective organisational management  
understand the importance and relevance of financial principles  
analyse, understand and manage income and expenditure accounts more effectively  
understand the importance of cash-flow and cash management  
use internal management accounts to monitor and improve performance against budget  
recognise areas of concern and recommend ideas for improving financial performance and productivity  
feel more confident about using financial data.

The cost of this Finance for Non-Finance People course is:  

Community Southwark members:          £150  
Non-Community Southwark members:  £250

We have a complimentary place available for this session for a member from two small volunteer led voluntary or community sector organisation based in Southwark through the Community Southwark Bursary Scheme. To be eligible for a place, you must be a Community Southwark member and the income of your organisation must be less than £25,000.

To apply for a bursary place, please complete this application form and e-mail it to Clare Chamberlain at clare@communitysouthwark.org

Join Community Southwark

If you would like to become a Community Southwark member, please call 020 7358 7020

What is included?  

Course Workbook  

On completion of the three workshops, each of the participants will received a two hour tailored 1:1 session with a Community Southwark Development Officer to support them in applying the learning in a practical and tangible way

Lunch is not provided for this course. Please bring your own lunch, or we can point you to a variety of delights available on the Walworth Road or in Camberwell.

Other Learning Opportunities

We offer bespoke training and consultancy for organisations wishing to undergo a tailor-made programme specific to their requirements. For more information please call 020 7358 7021.

Please see our training booking Terms and Conditions before booking your place.