In times, such as these, with charities having to cope with serious financial pressures, it is vital that trustees have a reasonable understanding of charity accounts and the financial information that they need to exercise proper governance. To help with this, WCVA and Watts Gregory ran a seminar entitled Charity accounts for trustees during Trustees Week 2011.
The session gave an overview of the key elements of charity accounts – types of fund, activity based reporting, SOFAS etc - and covered common errors being made in charity accounts as reported by the Charity Commission. It also covered the financial information that a trustee should have to do their job properly.
The seminar was the first in a series of events that are being organised by WCVA for trustees. The next seminar Facing up to risk will take place on 8 December in Cardiff, and will examine the financial risks facing charities.
To book a place at the seminar contact eventsadmin@wcva.org.uk or 029 2043 1724
Trustees are the people in charge of a charity. They play a vital role, volunteering their time and working together to make important decisions about the charity's work. Trustees' Week is an annual event to showcase the great work that trustees do and highlight opportunities for people from all walks of life to get involved and make a difference. Trustees’ Week 2015 is 2–8 November, and is being officially launched at the NCVO / BWB Trustee Conference on 2 November 2015.
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