SCVO

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Course overview

This online course with Pamela Redpath will look at annual accounting, governance and reporting within a voluntary sector organisation.

It can be studied as a standalone course or in conjunction with the other "All things financial" course Budgeting and sound financial management - book both courses, get 10% off the 2nd! (Please use voucher code ATF10 to get your 10% off) 

Overall course aim

The aim of this course is to gain a good understanding of the format and purpose of annual accounts and the trustees annual report. It will also consider reserves and to be aware of the statutory requirements for audit/independent examination, filing of accounts and other notifications to regulators.

• Basic financial roles and responsibilities
  • The Board’s responsibility for good financial governance
  • The financial manager’s role
  • Reporting to OSCR
  • Reporting to Companies House
• Financial reporting requirements
  • Statutory reporting requirements
  • Audit/independent examination levels
  • Format of accounts and thresholds – Receipts & Payments or SORP-compliant
• Understanding financial statements        
  • Format of the annual accounts
  • Overview of set of Receipts and Payments accounts
  • More detailed overview of a set of SORP-compliant accounts to explain the terminology and how the different parts link together
  • What the Statement of Financial Activities (SOFA) shows
  • What the Balance sheet and Notes to the financial statements tell us
• The Trustees Annual Report
  • Format and content
  • How it links to the financial statements
  • What makes a good TAR
• Reserves
  • Building up reserves
  • The reserves’ policy
  • What’s included in reserves

Who is the course aimed at?

This course is aimed at people requiring an introduction to the principles of annual accounting, audit/independent examinations, and the basic technical knowledge and skills to implement these principles.

Entry requirements

There are no formal entry requirements.

Date

09:30-13:00, 8 May 2025

Contact

Helen Swatton

Cost

SCVO members £95, Non-members £135

Attendance type

Online only

Venue

SCVO Zoom meeting

In-house training service
This course can be delivered in-house
Find out more