Basic Budget Training

The VSC Alliance is hosting an online training session, delivered by MS Teams, for smaller VCSE organisations interested in learning more about budgeting. The Alliance is offering this event free of charge for the benefit of our members.

On 20 April, 9.30am -12.30pm.

This half day session, delivered by Gloucestershire Enterprise Ltd (GEL), is designed to introduce you to the key components of setting and managing a budget. It is purposely intended to be as practical as possible, with examples shown and breakout sessions for you to consider your own budgeting requirements.

The agenda will cover:

  • 1. Why Budget?
    • Plan
    • Control
    • Decide
  • 2. Creating a simple budget
    • Types of budget
    • Key building blocks
      • Income
      • Fixed costs
      • Variable costs
      • Contributions/deficits
      • Timescales, Priorities and Contingencies
      • Funding
    • Budgeting Structures
      • The BIG numbers
      • Assumptions-assumptions
      • Adding a timeline profile
      • Modelling
    • Managing a budget
      • Simple management accounting
      • Monitoring the budget
      • Understanding and managing the variances
      • Risks, Contingencies and Plans
      • Budget revisions
  • 3. Forecasting
    • Assessing costs for bids
    • Making longer term assumptions
  • 4. Questions and Close

Book your place at: https://www.eventbrite.co.uk/e/basic-budget-training-tickets-146586142097