Understand and calculate the true costs of running an organisation

Full Cost Recovery 719

29 November 2018, Carmarthen 

 

Aims

Equip participants with an understanding of full cost recovery as well as the toolkit to calculate their organisations' full costs.

Content

Failure to properly fund the overheads of your project can lead to instability, poor service delivery as well as jeopardising the sustainability of your organisation.

Overheads are all the costs that partly support the project, but also support other projects or activities that your organisation provides. These can include a proportion of salaries of core staff such as administrators, rent and utilities costs or your organisation's legal and audit fees.

Full Cost Recovery is a method of cost allocation which ensures all overheads are included in your budgets when you apply for project funding or bid for services.

This half day workshop will equip participants with an understanding of Full Cost Recovery as well as introducing the different tools and techniques needed to identify and analyse their organisations' full costs for a specific project.

Trainer bio

Richard Roberts has worked in fundraising for over 10 years, recently managing the Catalyst Cymru project which was funded by the Heritage Lottery Fund to help heritage organisations in Wales develop their capacity for fundraising from private sources. 

Prior to this Richard worked as part of WCVA's Better Bids team helping third sector organisations secure in excess of £70m over the lifetime of the contract. Richard has a Diploma in Fundraising and has extensive experience of delivering engaging and enlightening training.

Learning outcomes

By the end of the course the learner will

  • Appreciate the concept of full cost recovery and the role it plays in achieving financial sustainability
  • Understand the principles and methods involved in identifying and calculating full costs
  • Be able to analyse and allocate the true costs of running an organisation and its activities

Who this course is for

Trustees, staff and volunteers. It is suitable for those new to fundraising and full cost recovery.