Financial Governance and Management Workshops Programme 2022-23

Age UK’s Financial Governance Team are running a new workshop programme taking an in-depth look at the key essentials of financial governance and management.

Age UK’s Financial Governance Team have organised a new series of Financial Governance and Management Workshops from September 2022 to February 2023. Find out full details below, including how to book your place.

Since the start of the pandemic, Age UK’s Financial Governance Team have been running monthly Finance Network Meetings on Microsoft Teams, which have been well attended by CEOs, senior staff and trustees.

These Finance Network Meetings will continue to occur monthly, but the team are now offering a new series of Financial Governance and Management Workshops from September 2022 to February 2023.

These new workshops will take a more in-depth approach to the key essentials of financial governance and management that the team have identified through running both face-to-face workshops pre-pandemic and the recent online Finance Network Meetings.

These half-day workshops will be aimed at CEOs and Finance Directors/Managers, as well as Treasurers and Trustees who wish to refresh or improve their knowledge in these areas to better meet their financial governance responsibilities.

You can find out full details of these new workshops, including how to book your place, by viewing or downloading the document below:

Cost Recovery Workshop for Service Managers – 21st July

Age UK’s Financial Governance Team has been providing support to CEOs and Boards through their Finance Network Meetings. They are now hosting a workshop just for Service Managers on 21st July. Find out full details below.

Age UK’s Financial Governance Team has organised a cost recovery workshop specifically for Service Managers. This workshop will take place on Teams on Thursday 21st July from 11am – 12pm. Find out full details, including how to book your place, below. Please share this update with anyone who has the responsibility for delivering your organisation’s services, so that they can attend.

Age UK’s Financial Governance team has long-supported CEOs, senior Finance staff and trustees of Brand Partners in a wide range of financial governance and management matters, with feedback displaying that these contributions have been well-received.

However, an understanding of some key finance issues amongst other managers within across the Network is equally important. With that in mind, the Financial Governance Team has organised a workshop specifically for Service Managers – i.e. those who have the responsibility for delivering your organisation’s services. That said, if other senior staff or trustees wish to attend, you will be very welcome.

About the Workshop

When a charity is invited to tender to provide a service for its beneficiaries, or when the organisation is considering making changes to an existing charged-for service or applying for grant funding, it is important that the Manager responsible for delivering that service is aware of what it will cost the charity to provide it. It’s equally important for the Service Manager to know that the funds required will be sufficient to cover the costs involved and allow for unforeseen contingencies and a surplus.

As it is always good practice for Managers to continually look for ways to improve both the efficiency and cost-effectiveness of service delivery, it is important to have a full understanding of the financial basis of the service, so that good practice can be applied.

This workshop will take Service Managers through the basic financial considerations required to accurately cost and price a service so that together with Finance colleagues and other managers, they will feel confident that the application for grant funding or a proposed charge to users, will be fair and transparent, and that the provision of that service will represent a good use of the charity’s assets.

Book your place

This workshop will take place on Thursday 21st July, via Teams, will run from 11:00 to 12:00. It will take no longer than an hour and this will allow time for questions and answers. Please encourage your Service Managers and other colleagues who you feel would benefit from attending, to register by emailing John Fox (John.Fox@ageuk.org.uk) so that an invitation to join the workshop can be sent.

We intend to record the event and then to make the recording, and the supporting slide deck, available to the wider network as a Webinar which staff can view at a time convenient to them. However, attendance at a live, interactive event will always provide greater value.

By tailoring a workshop specifically for Service Managers, this is an experimental departure from our normal support approach to Brand Partners. Our aim is to raise awareness and understanding of Full Cost Recovery principles, why this is important, especially in the current challenging operating environment, and to demonstrate how it adds real value for all concerned across your organisations.

New Financial Governance and Management Briefing Document from Age UK now available

Download the new Financial Governance and Management Briefing Document from Age UK’s Financial Governance Team.

Age UK’s Financial Governance Team has created a Financial Governance and Management Briefing Document to support Senior Staff and Board Members at local Age UKs – particularly those who are new to financial governance and want to learn more. This Briefing provides a guide to charity finances and accounting and highlights the support available through the Age UK Financial Governance Team. The document also contains some key external guides and learning resources, some of which are freely available. Read on to find out more and to access the Briefing Document.

Whatever the size and scale of your organisation, sound financial governance and management is essential for sustainability and for it to succeed in delivering its charitable aims.

This headline briefing is designed as a resource guide to charity finances, including charity accounting and its differences from the commercial world. It is aimed at trustees who haven’t had experience of this area before and will be helpful for experienced trustees who lack confidence when it comes to financial governance. It will also be helpful for those senior management and finance colleagues with a non–charity sector background, or for those colleagues just wishing to refresh their knowledge and understanding.

This guide particularly highlights the support available through the Age UK Financial Governance Team and directs you to some key external guides and learning resources, some of which are freely available.

If you have any questions about the document or financial governance in general, please contact John Fox or David Chenery.

February Finance Network Meeting – One week to go!

Book your place at the next Finance Network Meeting on February 23rd from 11:00 – 12:30. This session will focus on the topic “VAT”.

The February Finance Network Meeting will take place on Wednesday 23 February 2022 from 11am – 12:30pm and will cover the topic “VAT”. Our Age UK VAT Helpline support provider Crowe LLP, will be updating us on all things VAT, focussing on areas which have affected many charities over the past eighteen months. Find out full details of the meeting, including how to book your place, below.

Research commissioned by the Charity Tax Group (CTG) and published in November 2020 found that the VAT levied on charities when they purchase goods and services (input VAT) stands at around £3.1 billion per year – of which, £1.8 billion (57%) is believed to be irrecoverable. This compares to previous estimates of irrecoverable input VAT ranging from £1 billion to £1.4 billion (Charity Tax Group and Nuffield Foundation, 2011), a notable increase and significant burden on the charity sector.

Whatever the size of the organisation, managing the charity’s VAT position requires a proactive and strategic approach to identifying opportunities and reducing risk. For example, are you confident, if your charity and any trading subsidiaries are not registered for VAT, that this is correct? Have you considered the VAT impact of any changes to your operations? Have you planned and budgeted for a regular review of your organisation’s VAT position? In certain circumstances VAT registration can be a financial benefit to the organisation such as charity shops for example.

Finance Network Meeting – 23rd February

To this end we would actively encourage all Local Age UKs, whether VAT registered or not, to attend our next Finance Network meeting on the 23 February 2022 (11am-12:30pm) when Crowe UK LLP, our Age UK VAT Helpline support provider, will be updating on all things VAT focussing on areas which have affected many charities over the past eighteen months including:

  • Covid-19 Partial Exemption Special Method
  • VAT Reliefs for Charities
  • VAT Grouping
  • Provision of Welfare Services
  • Grant vs Contract

A list of all the topic areas to be covered can be found here.  However, if you have any particular questions that you would like answered or other areas of interest that you would like covered (subject to time allowing on the day), please send them to John.Fox@ageuk.org.uk. It would be helpful to receive these in advance, no later than close of play on Wednesday 16th February, and we will flag with Crowe so they can prepare appropriately.

Book your place

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

Please share this information with colleagues in your organisation who you feel would be interested in attending and encourage them to do so.

Reminder: Finance Network Meeting – Wednesday 23rd February

A quick reminder to book your place at the next Finance Network Meeting on February 23rd from 11:00 – 12:30. This session will focus on the topic “VAT”.

A reminder that the February Finance Network Meeting will take place on Wednesday 23 February 2022 from 11am – 12:30pm and will cover the topic “VAT”. Our Age UK VAT Helpline support provider Crowe LLP, will be updating us on all things VAT, focussing on areas which have affected many charities over the past eighteen months. Find out full details of the meeting, including how to book your place, below.

Research commissioned by the Charity Tax Group (CTG) and published in November 2020 found that the VAT levied on charities when they purchase goods and services (input VAT) stands at around £3.1 billion per year – of which, £1.8 billion (57%) is believed to be irrecoverable. This compares to previous estimates of irrecoverable input VAT ranging from £1 billion to £1.4 billion (Charity Tax Group and Nuffield Foundation, 2011), a notable increase and significant burden on the charity sector.

Whatever the size of the organisation, managing the charity’s VAT position requires a proactive and strategic approach to identifying opportunities and reducing risk. For example, are you confident, if your charity and any trading subsidiaries are not registered for VAT, that this is correct? Have you considered the VAT impact of any changes to your operations? Have you planned and budgeted for a regular review of your organisation’s VAT position? In certain circumstances VAT registration can be a financial benefit to the organisation such as charity shops for example.

Finance Network Meeting – 23rd February

To this end we would actively encourage all Local Age UKs, whether VAT registered or not, to attend our next Finance Network meeting on the 23 February 2022 (11am-12:30pm) when Crowe UK LLP, our Age UK VAT Helpline support provider, will be updating on all things VAT focussing on areas which have affected many charities over the past eighteen months including:

  • Covid-19 Partial Exemption Special Method
  • VAT Reliefs for Charities
  • VAT Grouping
  • Provision of Welfare Services
  • Grant vs Contract

A list of all the topic areas to be covered can be found here.  However, if you have any particular questions that you would like answered or other areas of interest that you would like covered (subject to time allowing on the day), please send them to John.Fox@ageuk.org.uk. It would be helpful to receive these in advance, no later than close of play on Wednesday 16th February, and we will flag with Crowe so they can prepare appropriately.

Book your place

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

Please share this information with colleagues in your organisation who you feel would be interested in attending and encourage them to do so.

February Finance Network Meeting – Book your place!

Book your place at the next Finance Network Meeting on February 23rd from 11:00 – 12:30. This session will focus on the topic “VAT”.

The February Finance Network Meeting will take place on Wednesday 23 February 2022 from 11am – 12:30pm and will cover the topic “VAT”. Our Age UK VAT Helpline support provider Crowe LLP, will be updating us on all things VAT, focussing on areas which have affected many charities over the past eighteen months. Find out full details of the meeting, including how to book your place, below.

Research commissioned by the Charity Tax Group (CTG) and published in November 2020 found that the VAT levied on charities when they purchase goods and services (input VAT) stands at around £3.1 billion per year – of which, £1.8 billion (57%) is believed to be irrecoverable. This compares to previous estimates of irrecoverable input VAT ranging from £1 billion to £1.4 billion (Charity Tax Group and Nuffield Foundation, 2011), a notable increase and significant burden on the charity sector.

Whatever the size of the organisation, managing the charity’s VAT position requires a proactive and strategic approach to identifying opportunities and reducing risk. For example, are you confident, if your charity and any trading subsidiaries are not registered for VAT, that this is correct? Have you considered the VAT impact of any changes to your operations? Have you planned and budgeted for a regular review of your organisation’s VAT position? In certain circumstances VAT registration can be a financial benefit to the organisation such as charity shops for example.

Finance Network Meeting – 23rd February

To this end we would actively encourage all Local Age UKs, whether VAT registered or not, to attend our next Finance Network meeting on the 23 February 2022 (11am-12:30pm) when Crowe UK LLP, our Age UK VAT Helpline support provider, will be updating on all things VAT focussing on areas which have affected many charities over the past eighteen months including:

  • Covid-19 Partial Exemption Special Method
  • VAT Reliefs for Charities
  • VAT Grouping
  • Provision of Welfare Services
  • Grant vs Contract

A list of all the topic areas to be covered can be found here.  However, if you have any particular questions that you would like answered or other areas of interest that you would like covered (subject to time allowing on the day), please send them to John.Fox@ageuk.org.uk. It would be helpful to receive these in advance, no later than close of play on Wednesday 16th February, and we will flag with Crowe so they can prepare appropriately.

Book your place

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

Please share this information with colleagues in your organisation who you feel would be interested in attending and encourage them to do so.

January Finance Network Meeting – One Week to go!

Just one week to go until the next Finance Network Meeting on January 19th from 11:00 – 12:30. This session will focus on the topic “Big Plans, Strategy & Business Models”.

Just one week to go until the next Finance Network Meeting on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models – thinking out loud. Find out how to book your place below.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

Book your place

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk  with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

Please share this information with colleagues in your organisation who you feel would be interested in attending and encourage them to do so.

January Finance Network Meeting – Book your place!

Book your place at the next Finance Network Meeting on January 19th from 11:00 – 12:30. This session will focus on the topic “Big Plans, Strategy & Business Models”.

The first Finance Network meeting of the new year will take place on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models – thinking out loud. Find out how to book your place below.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

Book your place

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk  with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

Please share this information with colleagues in your organisation who you feel would be interested in attending and encourage them to do so.

Reminder: December Finance Network Meeting this Wednesday

The next Finance Network Meeting will take place this Wednesday 15th December from 11:00 – 12:30. This session will focus on “Charity Legal Structures”.

A final reminder that the next Finance Network Meeting will take place on this Wednesday December 15th from 11:00 – 12:30 and the key session will be “Charity Legal Structures”. The presenter will be Nick Vaughan, of Paris Smith LLP who has been a volunteer consultant with Cranfield Trust since early 2020. To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting, along with a save the date for January’s meeting.

Over the past 18 months, the Financial Governance Team have discussed charity legal structures with several local Age UKs, following a number of questions raised by partners. So, whether you are looking at changing your business model or want to sense-check that your governance structures are appropriate and fit for purpose as we move towards the next financial year, this will be a very useful session to attend.

The following topic areas will be included:
  • Use of Subsidiary Companies for non-primary purpose trading, and consideration of their use for primary purpose trading also
  • Risk considerations – the avoidance of risk to charity assets
  • Independent governance (not all the charity trustees are directors of the subsidiary, and vice versa)
  • Financing aspects – start-up funding; working capital; investment / loans (from the parent charity)
  • Shared premises / staff / facilities – cross-charging / management charges
  • Use of charity logo by subsidiary companies

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting.

January Finance Network Meeting – Save the Date

With lots of staff set to take leave over the next few weeks, we wanted to flag that the January Finance Network meeting will take place on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

This session is primarily aimed at CEOs, although FDs and trustees will be more than welcome, as ever.

Please save the date in your diaries now, as this promises to be a great session.

December Finance Network Meeting – One week to go!

There’s just one week to go until the next Finance Network Meeting on Wednesday 15th December from 11:00 – 12:30. This session will focus on “Charity Legal Structures”.

A quick reminder that the next Finance Network Meeting will take place in one week on December 15th from 11:00 – 12:30 and the key session will be “Charity Legal Structures”. The presenter will be Nick Vaughan, of Paris Smith LLP who has been a volunteer consultant with Cranfield Trust since early 2020. To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting, along with a save the date for January’s meeting.

Over the past 18 months, the Financial Governance Team have discussed charity legal structures with several local Age UKs, following a number of questions raised by partners. So, whether you are looking at changing your business model or want to sense-check that your governance structures are appropriate and fit for purpose as we move towards the next financial year, this will be a very useful session to attend.

The following topic areas will be included:
  • Use of Subsidiary Companies for non-primary purpose trading, and consideration of their use for primary purpose trading also
  • Risk considerations – the avoidance of risk to charity assets
  • Independent governance (not all the charity trustees are directors of the subsidiary, and vice versa)
  • Financing aspects – start-up funding; working capital; investment / loans (from the parent charity)
  • Shared premises / staff / facilities – cross-charging / management charges
  • Use of charity logo by subsidiary companies

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting.

January Finance Network Meeting – Save the Date

With lots of staff set to take leave over the next few weeks, we wanted to flag that the January Finance Network meeting will take place on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

This session is primarily aimed at CEOs, although FDs and trustees will be more than welcome, as ever.

Please save the date in your diaries now, as this promises to be a great session.

%%footer%%