Charity Financial Management (Managing Costs & Budgets)

This training course will enable you to cost the services provided by your organisation, and to produce and monitor budgets and cash flows.

In the current funding climate, unfortunately charities and other voluntary organisations have to compete for income to stay afloat. Anyone who’s ever been unsuccessful in a funding application will know that it’s more vital than ever to demonstrate cost effectiveness and be realistic in your grant bids.

Funders will want to see evidence that you’ve taken every cost into consideration and have robust structures in place to organise your budgets so that you are keeping track of every penny.

This training course can help you learn how to cost your services in full and increase the likelihood of gaining enough funding for your organisation.  

Learning Outcomes:

• By the end of the course participants will be able to:
• Session 1 – 10 am to 1 pm
• Define the term “cost”.
• Classify costs into fixed or variable costs and direct or indirect costs.
• Describe absorption based costing, activity based costing and marginal costing methods for dealing with overheads.
• Session 2 – 10 am to 1 pm
• Understand the principles of budget preparation.
• Construct a simple cash flow forecast.

Who This Course Is For:

Staff or trustees with specific involvement in charity financial administration.

Course Requirements:

• Commit to attend the full duration of the training
• Test your access to Zoom
• Training will commence promptly, please arrive 10 minutes prior to the start time, as late arrivals may not admitted
• Our courses are interactive and engaging and we request where possible, that all learners have camera’s on and participate via microphone and chat facilities
• Let us know upon booking if you have any specific requirements ie BSL interpreters