The board has an important role in the financial governance of its charity, so it needs to ensure that it has good financial reporting to it.
The financial health of a charity is the collective responsibility of all the Trustees, so it is important that all trustees, and not just those with financial acumen, are assisted to understand the finances and financial procedures of the charity. Having appropriate and timely reporting on financial matters should help trustees to become more engaged in discussions around the finances.
This session will cover financial matters which the board should be considering including:
setting and monitoring reserves
setting of budgets
reporting on variances in the budget
reporting on grants and contracts
financial procedures policy
annual audit/independent examination
reporting to regulators and funders
Who should attend
The Treasurer, Chair of Finance sub-committee and/or other board members interested in improving governance
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