Financial and risk awareness

As a trustee, you bring your time and enthusiasm to this vital volunteering role. However, not all of us can be a financial whizz. Do you know what questions you should be asking around money management? Do you understand your risks – what they are, and your role as a trustee in managing them?

All trustees have a shared responsibility for their organisation’s finances and regularly reviewing and assessing risks. Increasing competition for funding and pressures to improve efficiency means that trustees need to be confident that they understand this essential part of their charity’s strategy.

This session will give you an overview of the key areas that are essential for all trustees. This is your chance to raise any specific questions you may have around your financial obligations.

This training is aimed at existing trustees and committee members

By the end of the workshop you will have an understanding of:
· How to protect your charity’s money, including looking at internal financial controls and identifying and managing risks
· The use of a risk register in helping trustees identify the risks that apply to their charity
· How to classify the risks that are strategic or major risks, and those that are less serious
· Ten of the typical weaknesses of risk registers
· What you need to do to know about your charity’s financial position, including setting a budget and checking income and expenditure against it
· The need to keep accurate financial records
· The rules around payments to trustees
· Steps you should take to deal with financial problems quickly.

The speaker:

This session will be delivered by experienced trainer and governance advisor, Shahida Beswick.

Shahida’s background is a mix of executive coaching and training and development with a track record in designing and delivering innovative training programmes, strategic business development, performance improvement, and executive level leadership. She has also conducted external evaluations for organisations to greater understand the impact they make. Clients have included those in the private, public and third sectors.

Eligibility

The training is free. Funded by York and North Yorkshire Combined Authority through the Government's UK Shared Prosperity Fund. This training is open to all Voluntary, Community and Social Enterprise (VCSE) organisations based and operating in the City of York, including York Outer or with beneficiaries in York.

**Due to high demand this training is limited to two places per VCSE organisation**

If you are unable to attend, please do let us know as soon as possible so that we can try to offer the place to another delegate. We can accept a substitute from your organisation.

You can cancel through Eventbrite or by emailing [email protected] or [email protected]. For very late notice email notification is preferred.

Please contact Jane Granville, Funding and Development Officer, York CVS on: [email protected] or [email protected]

The training will take place at the Priory Street Centre (Denham Room) in York. Please visit our dedicated website to find out more about the Centre, including a our Accessibility Guide.

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