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)
Overall course aim
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 requirements
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 reserves
Who is the course aimed at?
This course is aimed at people requiring an introduction to the principles of annual accounting, audit/independent examinations, and the basic technical knowledge and skills to implement these principles.
Entry requirements
There are no formal entry requirements.
Other Information
Course format: 3.5-hour session, which is broken into segments with time to recap on the main points and an opportunity for questions. At the end of the course there will be time for final points and questions.
Attendance: You must attend the full online course in order to complete it and receive your Certificate of achievement.
Previous delegate comments
"I found Pamela to be very clear in her presentation, using layman's language where necessary. I thoroughly enjoyed the course."
"Pamela is an excellent trainer."
"Pamela covered all aspects of annual accounting."