Essential Charity Finance for Trustees

Charity finance policy Governance, regulation and compliance Leadership

Thursday 6 September 2018

MHA MacIntyre Hudson
New Bridge Street House 30-34 New Bridge Street

An introductory day highlighting some of the differences between charity accounts and reporting and that of the corporate sector.  It considers some of the particular aspects of charity reporting such as fund accounting and income recognition as well as the narrative trustees report.

The course aims to combine the theory and principles with the practical application, using examples and case studies to involve all delegates.

There will be opportunity to cover topical matters in the last session with a Question and Answer session.  If there are particularl topics delegates would like to see addressed then please advise and we will do our best to tailor accordingly.

What will individuals gain from attending the course
You will gain:

  • an awareness of how to prepare and review a set of charity accounts and the key items to look out for. 
  • knowledge of how to ensure compliance in reporting and
  • an awareness of tax related matters affecting charities.

Who should attend 
Staff and trustees with some financial knowledge who are new to charity accounting, those coming back to charity accounting who would like a refresher and those working in charity finance who are moving more towards the preparation of statutory accounts.


Sudhir Singh, National Head of Not for Profit and Audit Partner, MHA Macintyre Hudson

9.30 - 9:45

Registration and refreshments

09:45- 10.15

Introduction to charity accounts – the legal and compliance framework

10.15 – 11.15

Trustee duties and responsibilities

This session will outline the legal framework for charities in the UK and the role of the main regulators, alongside an outline of the legal responsibilities for trustees from a charity perspective.  It will also start to look at how this applies to some of the key financial areas such as risk management and fraud prevention, as well as a quick summary of what to look for on tax.

11.15 - 11.30


11.30 - 12.45

Financial strategy and governance

In this session we will start to dig a bit deeper into the trustees' role in financial planning and setting financial strategy, in particular providing guidance on how trustees can best balance delegation with the need to retain effective oversight at the right level.


In addition this session will look at a couple of tools to help you, as trustees, know if you are doing a 'good job'.


We’ll also look at an outline of the financial policies that trustees need to put in place, with 'top tips' for ensuring that they are fit for purpose as well as looking at some best practice and have a go at drafting our own financial policies

12.45 - 13.30


13.30 – 14:45

Accountability and reporting – external reporting

In the afternoon we will focus on financial reporting – starting with external financial reporting. We will look at what other reports and information trustees need to fulfil their roles and responsibilities. We will give a brief introduction to the Charities SORP, particularly in the context of how it can be used to enhance the accountability of trustees and their charity to various 'stakeholders', and have a go at interpreting and understanding some charity accounts, including a look at the top areas to look at and review as well as understanding reserves and what level of reserves a charity should have.

14:45 – 15:00


15.00 – 15.45

Accountability and reporting – external reporting – group exercise

After a short break you will spend some time looking at a set of recently published accounts and completing an exercise around reviewing them and analysing them.


Q&A and Close