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www.communitysouthwark.org | @cosouthwark Agenda Cash Flow
Recap of the session
Question time
Celebration and Feedback<br>
04
www.communitysouthwark.org | @cosouthwark Cash Flow What is cash flow?
Why is it important to the organisation?
Cash flow and Income & Expenditure (Profit and Loss)
Cash Forecast and Budgeting
How do you manage cash flow?
Sample Cash flow and forecast<br>
05
www.communitysouthwark.org | @cosouthwark What is cash flow Cash flow is the movement of money in and out of an organisation Money Inflow
Grants
Donations
Subscriptions
Bank Loans
Refunds Money Outflow
Expenses
Salaries
HMRC Payment
VAT payment
Bank Loan Repayments<br>
06
www.communitysouthwark.org | @cosouthwark Why is it important to the organisation? Ensures You Can Pay Bills on Time
Keeps Services Running Smoothly
Improves Funders’ and Stakeholders’ Confidence
Prevents Financial Crises
Supports Strategic Planning<br>
07
www.communitysouthwark.org | @cosouthwark The Difference between Cash Flow and Income & Expenditure (Profit and Loss)
Worksheet<br>
08
www.communitysouthwark.org | @cosouthwark Differences Between Cash Forecast and Budget<br>
09
www.communitysouthwark.org | @cosouthwark How to Manage Cash Flow in a Small Charity Create a Cash Flow Forecast (12 months)
Review It Regularly (Monthly)
Separate Restricted and Unrestricted Funds (Not Always)
Build a Reserve (3 months)
Time Your Spending
Communicate Early<br>
10
www.communitysouthwark.org | @cosouthwark Sample Cash flow and forecast<br>
11
www.communitysouthwark.org | @cosouthwark Recap of previous sessions 1st Day - Introduction and terminology
What is Financial Accounting
Why is it important to the organisation
Reporting and Filing Requirements
What are the elements of Financial Accounting
Financial Accounting Terminology<br>
12
www.communitysouthwark.org | @cosouthwark Recap of previous sessions 2nd Day – Income & Expenditure and Balance sheet
Terminology
Income and Expenditure
Balance sheet<br>
13
www.communitysouthwark.org | @cosouthwark Recap of previous sessions 3rd Day – Management Accounting
What is a management accounts?
The key features of management accounts
The main functions of management accounting
Sample management account
Demo: Xero Software
I&E for small organisations<br>
14
www.communitysouthwark.org | @cosouthwark Recap of previous sessions 4th Day –Budgeting and forecasting
What is budgeting?
Why is it important?
Stages of Budgeting
Budgeting activity<br>
15
Any questions? www.communitysouthwark.org | @cosouthwark<br>
