Federation Trustee Training - Module 4

Federation Trustee Training – Module 4

Welcome to Module 4 of the Federation Trustee Online Training – Financial Management.

If you have not already done so, please complete the WI Core Modules before progressing to the Federation Trustee Training.

This course is designed to give you confidence in your role, show you where to find support, and ensure your experience as a trustee is a rewarding one. By completing this course, you’ll gain a clear understanding of the legal and technical requirements of your trustee role, which helps protect both you and your Federation Board.

As a trustee, you carry the important responsibility of overseeing your federation’s management and long-term growth. This training is here to help you feel confident in these key responsibilities. With this module focusing on Financial Management. By the end of this session, you’ll gain greater confidence in your financial responsibilities as a trustee and the tools to fulfil them effectively.

This module will take approximately 60 minutes to complete, plus any additional reading you may need to undertake.

If you have any queries regarding the training, please contact the NFWI Learning & Development Team: wilearninghub@nfwi.org.uk

Please find the video below for you to watch, followed by the short test for you to complete before moving onto Module 5:

Module 4 - Financial Management

Helpful Links

If you have not already done so, please complete the WI Core Modules before progressing to the Federation Trustee Training.

Throughout this training we will predominantly draw on definitions, terminology and links from the Charities Act (England and Wales), but it is the duty of all charities within the organisation to familiarise themselves with the appropriate legislation for their jurisdiction as there are some variances in each law and the subsequent duties on charities.

Resources:

Slide 4:

More about trustee liability insurance:

https://www.ncvo.org.uk/help-and-guidance/running-a-charity/insurance/

Slide 5:

NCVO website:

https://www.ncvo.org.uk/help-and-guidance/safeguarding/specialist-guides/certain-roles/director-operations/budget-insurance-security/#/

Slide 6:

CC8 (Charity Commission):

https://www.gov.uk/government/publications/internal-financial-controls-for-charities-cc8

Slide 9:

Gift Aid and Subscriptions (My WI):

https://mywi.thewi.org.uk/running-your-wi/wi-finances/gift-aid/WI-Gift-Aid-Guidance-2023.pdf

NFWI guide for Gift Aid (My WI):

https://mywi.thewi.org.uk/running-your-wi/wi-finances/gift-aid

Slide 11:

CC35 'What is trading?' (Charity Commission):

https://www.gov.uk/government/publications/trustees-trading-and-tax-how-charities-may-lawfully-trade-cc35/trustees-trading-and-tax-how-charities-may-lawfully-trade#trading-by-charities

Slide 12:

CC11 ‘Trustee Expenses and Payments’ (Charity Commission):

https://www.gov.uk/government/publications/trustee-expenses-and-payments-cc11/trustee-expenses-and-payments

CC8 (Charity Commission):

https://www.gov.uk/government/publications/internal-financial-controls-for-charities-cc8/internal-financial-controls-for-charities

Slide 14:

CC14 ‘Charities and investment matters’ (Charity Commission):

https://www.gov.uk/government/publications/charities-and-investment-matters-a-guide-for-trustees-cc14

Slide 17:

CC31 ‘Independent examination of charity accounts: guidance for trustees’ (Charity Commission):

https://www.gov.uk/government/publications/independent-examination-of-charity-accounts-trustees-cc31/independent-examination-of-charity-accounts-trustees

The Association of Charity Independent Examiners is also a great resource on this subject:

https://www.acie.org.uk/

Slide 18:

CC14d ‘Charity Reporting and Accounting’ (November 2016) (Charity Commission):

https://www.gov.uk/government/publications/charity-reporting-and-accounting-the-essentials-november-2016-cc15d

Slide 19:

CC26 ‘Risk management’ (Charity Commission): https://www.gov.uk/government/publications/charities-and-risk-management-cc26/charities-and-risk-management-cc26

Slide 20:

Contracts and Procurement’ (Charity Commission):

https://assets.publishing.service.gov.uk/media/5a7e302ae5274a2e87db020c/contracts-and-procurement.pdf

Slide 21:

CC49 ‘Charities and insurance’ (Charity Commission):

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/613184/CC49.pdf

Contacts:

Fd@nfwi.org.uk

Download Transcript

Test Your Knowledge

Thank you for completing this Module. In order to pass this test you must receive an 80% pass mark; you will have a maximum of three attempts to achieve this score.

Please enter your details at the end of the test.

NFWI will be able to track your progress and upon completion of the final module of your online training, you will receive a certificate.