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Organisational Finance
Financial mismanagement can ruin an organisation, result in fines and obliterate trust. Good financial management is essential for ensuring that legal requirements are met in relation to charity and company law. However, it is not the sole responsibility of the treasurer, all committee members/trustees are accountable.
This organisational finance for voluntary and community groups course is aimed at potential or current committee members or trustees within the voluntary and community sector. The skills and understanding developed will help you to understand why transparent financial management is beneficial to the organisation and wider community.
Lesson 1: Understand financial management terms
Lesson 2: Understand budgets and their purpose
Lesson 3: Generating income
Lesson 4: Where to find funding and support
Lesson 5:Internal financial controls
Lesson 6: Key features of book keeping
Lesson 7: Trustee responsibilities – charity requirements
Lesson 8: Trustee requirements – registered companies
Lesson 9: Accurate financial records and the benefits
Click here to see our CPD certification for this course.
CPD certified – Cost: £20 pp + VAT (£24)
Course duration: 12 months unlimited access to course materials
Place of study: On line distance learning course – learn anywhere, fully mobile – internet access required
Support: Course trainer available to answer queries by email or our social media channels
Average time to complete: 4.5 hours
Assessment: Mini assessments at the end of each lesson, pass rate of 75% required
Certificate: Self print CPD certified certificate
Recognition: CPD certified by the CPD certification service
Payment: Pay online
Formal accreditation option – Cost: £45 pp + VAT (£54)
Course duration: 12 months unlimited access to course materials
Place of study: On line distance learning course – learn anywhere, fully mobile – internet access required
Support: Course trainer available to answer queries by email or our social media channels
Average time to complete: 7.5 hours
Assessment: Mini assessments at the end of each lesson, pass rate of 75% required. In addition learners must submit their learner file to their course tutor.
Certificate: Open College Network West Midlands certificate will be sent recorded delivery
Recognition: Formally accredited through Open College Network West Midlands – 3 credits
Payment: Pay online
In house/classroom version – Cost: £900 (+VAT) + travel
Course duration: 2 days (12 hours) for up to 15 learners
Place of study: Venue of your choice
Support: Your trainer will answer any questions on the day, email support for the following week.
Assessment: Targeted questions throughout the day. If formal accreditation is requested learners will submit their learner file.
Certificate: CPD certificate on the day. If formal accreditation is requested the certificates take approx. 1 – 2 weeks.
Recognition: You can choose between CPD certified or a formally recognised accreditation (Formal accreditation incurs an additional cost of £20 pp)
Payment: Contact us to arrange your training day and payment
Learning outcomes
Course code: AK1/2/MR/001 Level: 2 Credits: 3
1. Understand what is meant by finance management.
2. Understand budgets and their purpose.
3. Understand the responsibility of the Board for financial management.
4. Understand different funding opportunities available to groups.
5. Understand the importance of keeping financial records.
6. Understand key features of bookkeeping and accounts.
Sample screen shots
Organisational finance for voluntary and community groups
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