Learn how to cost your services and increase the likelihood of gaining funding

Charity Financial Management - Costs and budgets Large

This course enables participants to cost the services provided by their organisation, and to produce and monitor budgets and cash flows.

Charities and voluntary organisations compete with each other for income and need to demonstrate cost effectiveness and realism in grant bids. Learn how to cost your services in full and increase the likelihood of gaining sufficient funding. This course enables participants to cost the services provided by their organisation, and to produce and monitor budgets and cash flows.

Learning outcomes

By the end of the course participants will be able to...

  • Define the term "cost".
  • Classify costs into fixed or variable costs and direct or indirect costs.
  • Describe absorption based costing, activity based costing and marginal costing methods for dealing with overheads.
  • Understand the principles of budget preparation.
  • Construct a simple cash flow forecast.

Who this course is for

Staff or trustees with specific involvement in charity financial administration.

Duration

1 day

We can also tailor this course for your organisation, contact us for an informal discussion about your learning needs.