Workshop 2009 – Tom Fitch
Tom Fitch is the CEO of CASH one of Britain’s largest Community Accountancy Charities. They teach small charities how to write budgets, set up bookkeeping systems and manage the finances. Tom has been at CASH for 18 years, prior to that he worked for the Greater London Enterprise Board where he provided finance to social enterprises. He has a Management Science degree from Warwick University. Tom is a treasurer and trustee for three charities and has worked in the voluntary sector for over 30 years.
Financial management for small charities during the recession.
10.00am – Workshop Room Two
Charities spend other people’s money and are unlikely to be funded in the long term if they cannot show that they have been responsible stewards of the money entrusted to them. Would you be happy to give money to a charity that lost it?
This informative talk will cover: setting up good systems for new charities, budgets, cash flow, bookkeeping, computerised accounts, financial controls, tax, gift aid, financial reports for trustees, proving that grants have been earned, full cost recovery and accounts for the Charity Commission.
Tom Fitch will then go to discuss the key financial strengths that small charities will need to survive the recession. These include having several funding streams, good controls to reduce the risk of fraud, and regular financial reports for trustees. We will then look at the threats and opportunities that the recession may provide for small charities. This should be a very valuable hour.
