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Sported members - Financial Management

Carrie Martinson

Created on January 16, 2024

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Transcript

Sported guides

Governance

Upskill in key areas to help support and grow your group

Impact practice

Planning

Financial managment

Start the unit:

Bid writing

Sported guides overview

Glossary

This unit:

Self-assessment quiz

Financial management

course content and navigation

Introduction

Cashflow

Managing accounts

Keeping records

Managing accounts

Budgeting

Keeping records

Cashflow

Budgeting

Quiz

Email events@sported.org.uk if you need technical help with this course
Sported guides overview
Feedback - rate this course!

Financial management

This unit:

Financial management

Unit content and navigation

Introduction

Questions or problems? contact Sported

Keeping records

Managing accounts

Budgeting

More learning modules

Cashflow

Quiz

Download the 5 minute guide from the Charity Commission

Sported guides overview

Why keep records?

Sported guides overview

integrity

charitable status

safety

Financial management

income

What records do you need to keep?

Introduction

expenditure

bank reconciliation

Keeping records

Managing accounts

How to keep good records

spreadsheet

in your head!

on paper

Budgeting

accounting software

Cashflow

Good practice

Quiz

check your recall

income

Sported guides overview

Financial management

Introduction

Keeping records

Managing accounts

Budgeting

Cashflow

Quiz

Self-evaluation

Check your understanding of what you've learned in this course

There are 6 questions relating to all of the areas covered, with an explanation and link back to the page for more details.

No prizes (sorry!) and it's totally optional - it's to give you an idea of how much you know.

Start

Self evaluation

Safeguarding
Rules

Self evaluation

Insurance

Safeguarding

Even if you don’t have staff, you may still need insurance. It’s about keeping yourselves and the public safe. Even if you're just renting a room for your activity, and are covered by the building's insurance, you may still need your own policy. Take a look back at this page and review this area if you need more information.

Rules

Next question

Self evaluation

Safeguarding
Rules

Self evaluation

Your board

Safeguarding

Your board of Trustees/Directors steers and guides your group. Make sure you have the right mix of people to delivery your group's aims and vision. It's good practice to limit conflicts of interest and related board members. Take a look back at this page and review this area if you need more information.

Rules

Next question

Self evaluation

Safeguarding
Rules

Self evaluation

CIC

Safeguarding

A Community Interest Company is still a company and does not have any special tax breaks. The benefits of a CIC are around asset locks and ensuring continuity of benefit to the community. Take a look back at this page and review this area if you need more information.

Rules

Next question

Self evaluation

Safeguarding
Rules

Self evaluation

Governing documents

Safeguarding

Articles of Memorandum is a document which sets up a company, signed by the Directors. The Articles of Association set out how the company is to be run. Take a look back at this page and review this area if you need more information.

Rules

Next question

Self evaluation

Safeguarding
Rules

Self evaluation

Liability

Safeguarding

If your group is unincorporated, board members could be personally liable for any debts. Check out the Structures part of this course if you're unsure.

Rules

Next question

Self evaluation

Safeguarding
Rules

Self evaluation

CASC

Safeguarding

A Community Amateur Sports Club (CASC) is a status which can be added to your group. It is not a legal structure, but a status which has requirements and benefits. If you'd like to refresh your knowledge of this, go back to this page.

Rules

Finish

Sported Governance

Thank you for completing this course

If you'd like to know any more about Governance or any other aspect of running your group, head over to the Sported Hub. We run webinars and workshops to help you upskill on all areas of running your sport for develpment group as well as having volunteer support and a library of guides, templates and videos.

If you have any queries, or would like some extra help, you can contact info@sported.org.uk

More learning modules

Financial management

Introduction

Keeping records

Managing accounts

Budgeting

Cashflow

Keeping records

  • Why you need to keep records
  • What you need to record
  • How to keep good records
  • Best practice

In this clip, Sported volunteer consultant Maleana Provan puts the case for keeping records.Watch the full recording of this webinar on the Sported Hub.

How to use this unit

This unit is divided into topic chapters, use the navigation on the left to see each area.

Work through, or dip in and out

You can dip in and out as required, either work through the whole unit, or just the sections where you need to upskill. Work at your own pace, and time.

Self guided and assessed

The unit has a self-evaluation quiz to help you understand if you have any gaps in your knowledge.You can contact Sported if you would like more information and help with Governance

Glossary of terms

Articles of association
Directors
Review
Documents
Board
Insurance
Safeguarding
CASC
CIC
Memorandum of association
Structure
CIO
Charity
Policies
Committee
Trustees
Constitution
Templates
Quorum
Conflict of interest