Managing your finances and preparing accounts is an essential function for any well managed community organisation. With many VCSE organisations approaching year end we ask what is a set of accounts, why are they needed and what is required to prepare a basic set of accounts.
Our guest speaker, Moragh Hunt from North West Numbers Ltd will present a practical session focussing on:
- Explaining the main reports required for financial accounts
- balance sheet
- profit and loss (Statement of Financial Activities) - Transactions included in a balance sheet
- Explanation of assets and liabilities
- Transactions included in a profit and loss (SoFA)
- Types of income
- restricted
- unrestricted - Types of expenditure
- direct costs
- fixed costs - Receipts and Payments template for a set of accounts
Aimed at anyone who is looking for a basic understanding of putting a set of accounts together.
Open to voluntary, community and social enterprise organisations from within the city of Manchester (Manchester City Council boundaries)
When
3rd February, 2022 from 10:00 AM to 11:30 AM
Location
Online