Sudhir Singh, National Head of Not for Profit and Audit Partner, MHA Macintyre Hudson
9.30 - 9:45
Registration and refreshments
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.
11.30 - 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
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.
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