Charity Accounts for Non-Accountants
Aim of the Training
This practical training is designed to enable trustees with no accounting knowledge at all to be able to understand the essential details of a set of charity accounts and the main reporting requirements.
Contents
What documents are included in a set of accounts and what they mean
Understanding the technical terms
The difference between the Statement of Financial Activities (SOFA) and the Balance Sheet and which information in each you should pay attention to.
How entries impact on Cash Flow
Reviewing if the charity has enough cash and other funds to meet day to day requirements
The three conditions that must be fulfilled for income to be treated as income in the accounts
The accounting treatment of Capital Expenditure and Depreciation
The allocation of 'overheads' to other headings in the SOFA
Restricted and Unrestricted Funds
Understanding from the accounts what Funds the charity has available to distribute
Key figures to look at when analysing accounts
Notes to the accounts - what's in them
The Audit Report - what wording to look for - and one exception that is acceptable
The Trustees Report - what in particular you need to pay attention to
VAT - the essential elements you should know
Training Format
The training will be very interactive and trustees will be encouraged to ask questions so as to increase their understanding
We will assume that delegates have no knowledge of accounting
Trainers
Richard Limburg - Partner - Specialist Charity Group - Vantis
Geoff Wood - Director of Training Services - Vantis
David Morrow - Charity Specialist Group - Vantis
Vaughn Chown - VAT Partner - Vantis
Date 24 October 2007
Time 2pm - 5.30pm (Registration & coffee 1.45pm)
Delegates will be able to network over free drinks immediately following the course
Location 66 Wigmore Street
Fee £125 + VAT