SCVO - All things financial: annual accounting governance and reporting
SCVO - All things financial: annual accounting governance and reporting
08/05/2025
9am - 1pm
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)
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 reserve