Free premises training
at the Salvation Army, 1 Princess
Street, Elephant & Castle, London SE1 6HH
What you need to consider and why!
This one day
course introduces staff, managers, trustees and volunteers to the financial
procedures and practices that all organisations, large or small, should
apply to their day
day business, and the importance of complying with governing
documents, managing or l
icencing agreements and leases.
An emphasis on practical exercises will enable attendees to apply good practice in their
is good financial management
Money earned or held by the organisation is
held in trust
Trustees or man
agers are therefore
to their members, funders and local
Good financial management ensures that
spending does not exceed what is actually
and being careful about spending in general
Good financial management should
st fraud or waste
An organisation’s financial practices must
with its governing document or
constitution e.g. as it applies to trustees’ powers, personal interest, investment,
accounting, annual reporting and annual return.
what to consider.
External funders look for evidence of good practice and sensible expenditure and
Financial records and budgets form a key component of the organisation’s business
Develop a contingency policy that considers future chal
lenges to property, staff,
Appropriate and adequate insurance cover should meet any unforseen claims.
Review membership fees and hire rates regularly, and consider against the income
and expenditure pattern.
Consider gift aid and deposit ac
counts that favour charities or community
Review utility costs and ensure that organisation benefits from best level of rates
Basic book keeping
This course will look at the key elements that deliver good financial management?
sessions will enable you to;
Develop and agree a set of
and agree an
for your organisation
annual reporting process
and financial requirements
Accurate, efficient and open financial management is very important
Much of the advice on financial management is common sense and is what
most will apply in their personal life.
However, the na
ture of their business and the structure of community
organisations requires a level of control, recording and reporting that the
managing committee must all share and adhere to..
The evidence offered by efficient and transparent financial
and a balanced and realistic spending programme will impress not only
users, but the local community and potential funders too.
This one day course also builds on the experiences and skills gained by those who
have participated in Communi
Developing Your Community Building
course and is a one of a series of focussed specialist training days that develop
themes covered within that event
Financial Management for Community Premises
Thursday 17 June 201
the Salvation Army,
1 Princess Street, Elephant & Castle, London SE1 6HH
/ access/ other requirements
Please return your completed form to Teklu Haile, VCS Property Development Officer,
Southwark (CAS), 8
Floor, Hannibal House, London SE1 6TE
020 7703 9393
020 7358 48