Why having a budget is important
This course looks at why it is important to have a budget and how to set about it.
Course Content
It is important to have an idea of what money you have coming in and where it is going. This helps you to plan for eventualities and is a legal requirement if you are registered as a charity or community business. However, it can be difficult to understand exactly what is needed. This session will demystify this process, covering:
- What is a budget and how is one drawn up?
- Templates and tools for making a budget
- How is a budget used to monitor progress?
- Legal and practical requirements for reporting your income and expenditure
We have also included some bonus content:
- The trustee board year - which talks about how a budget is used in practice
- The planning hierarchy - how a budget fits in with your other planning
- A DCA Factsheet: What is a business plan
This is a starting point for a series of training courses that will take you through managing, and accounting for, your organisation’s finances. It is suitable for Trustees, volunteers and staff, there is no requirement for any prior knowledge.
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The Essential Trustee
CourseThis taster course looks at the fundamentals of being a Trustee by drawing on the Charity Commission's resources. Comes with bonus material.
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