Small Charity Finance Essentials | Budgeting for Sustainability

Essential finance skills for accidental finance heroes. We all have an inner finance director. We just need to find them.

By Embrace Finance

Date and time

Thu, 25 Jan 2024 17:00 - 18:00 GMT

Location

Online

Refund Policy

No Refunds

About this event

• 1 hour
• Mobile eTicket

Welcome to the wonderful world of small charity finance.

In this session, we will go back to first principles and revisit how to prepare a basic multi-project budget which builds financial sustainability.

Budgeting for sustainability in small charities can be challenging. Our business models and the operating environment often makes this difficult. However, there are things we can do to help us build our financial sustainability.

In this session we will revisit good budgeting principles and explore how budgeting well can contribute to our longer term financial sustainability. We revisit full cost recovery, full salary costing, inflationary increases and more.

We will look at:

· The benefits of budgeting and how it can build longer term sustainability

· How to prepare a simple multi project organisational budget

· The principle and practice of full cost recovery

· The limitations of full cost recovery and budgeting when building sustainability

What you can expect:

· Slides

· Examples

· Optional Q and A

This session will be of interest if…

• You want an introductory overview of the budgeting for a small charity
• You want to review budget templates for multiple projects
• You want to revisit the principle and practice of full cost recovery

Who is this aimed at:

This session is aimed at anyone wanting an introduction to or refresher on budgeting for small charities. All are welcome; trustees, chief officers, finance officers and everyone dealing with finance.

What else:

This is a sit back and tune in session. You are welcome to engage as much or as little as you wish. There are no breakouts and all engagement is entirely optional. Oh, and zoom links are sent out the day before.

Who is delivering the session:

Liz Pepler MIAB FRSA is a certified bookkeeper and experienced small charity finance specialist. With 20 odd years' experience working with charity leaders and charity boards to build financial confidence, financial governance and financial sustainability, Liz is experienced in supporting small charities through stability, growth and difficulty. Liz provides consultancy and training for a range of infrastructure bodies and grant funders including NCVO, Getting on Board, the Fore Trust and Lloyds Bank Foundation. Liz is currently Director of Embrace Finance and Trustee Treasurer of Forest Recycling Project.

Rachel Cooper ACA a qualified chartered accountant and professional trainer. Rachel has over 20 years’ experience supporting a variety of social impact organisations from small charities to major research institutions. Key projects Rachel has worked on include developing and leading Charity Finance Group’s small charities training programme and writing NCVO’s Financial Management website resources. Rachel provides training for NCVO and the Association of Independent Examinations. Rachel is currently Principal at Welbeck Accounting and Associate Director of Embrace Finance.

Please note:

This session is not intended to replace proper professional advice. It is intended to build awareness and confidence in our first steps when leading or managing the finance function of our charity.

Find out more here