Delivered over 4 modules, online

Thursday 19 August, 16 September, 21 October and 18 November

2pm - 3pm

The NFP Balance Sheet

Do you know what the Balance Sheet is telling you about the financial health of your NFP or community group? What does it tell you about its ability to continue to serve your community, and steps you can take to better understand and manage your organisations finances.

Whether you’re untrained in accounting, or are an experienced accountant, Professor David Gilchrist will be taking us through how to understand what the Balance Sheet is telling you about your organisation, as well as looking at the meaningful questions you should be asking. 
Within a practical and easily understood format, this presentation is designed for board members, CEOs and managers, looking to increase their knowledge about the financials of the NFP Sector, and we’ll explore: 
  • What the Balance Sheet is, why it's important and the risks it helps to manage
  • The key risk and methods of understanding and managing cash 
  • Decision making processes and planning for Assets Replacement
  • Cash Flow Budgeting and Financial Planning for longer term needs
Professor Gilchrist will introduce attendees to free tools that can help manage your NFP.

4 Modules

Module 1: The Balance Sheet

  • The Balance Sheet and Sustainability
  • Balance Sheet Risks
  • Ratio Analysis

Delivered on 19 August, 2pm - 3pm

Module 2: Cash 

  • Working Capital
  • Profitability (Surplus)
  • Reserves

Delivered on 16 September, 2pm - 3pm

Module 3: Asset Replacement

Delivered on 21 October, 2pm - 3pm

Module 4: Cash Flow Budgeting and Financial Planning

Delivered on 18 November, 2pm - 3pm

Why register?

The relationship between the senior-most employee (who we refer to as CEO) and the directors is so critical to the successful operation of not-for-profit organisations. We hope that the organisation benefits from the directors and CEO having a shared understanding and use a common language.

While the principles of this resource are generally applicable, it has been tailored to organisations that adopt accrual accounting. Those organisations that only use cash accounting in their management processes, may also need to consider whether it is necessary to make estimates of their assets and liabilities in order that they are able to better guard against short-, medium and longer-term solvency and sustainability issues.

This resource is presented in such a way that those without accounting training are able to consider the material and ask questions of their CEO, financial support staff, advisors and others in a meaningful way.

Who should attend

The primary intended audience is those people charged with the governance of a not-for-profit organisation and include committee members, management committee members, board members, and directors— those people who are ultimately responsible for their organisation. This includes CEOs, CFos and GMs of course.

About the presenter

David Gilchrist, UWA Business School Co-convenor, Not-for-profits UWA Co-convenor, Australian Studies Research Group

Over a career spanning 30 years, Professor David Gilchrist has held a number of senior roles in the Not-for-Profit, commercial and public sectors. Most recently, he held the role of Assistant Auditor General in Western Australia and, prior to that, he taught accounting and finance at the London School of Economics and Portsmouth University in the UK as well as at Curtin University and Edith Cowan University in Australia. He was Foundation Director of the Curtin Not-for-Profit Initiative for five years and held the position of Associate Dean of the School of Business at the University of Notre Dame Australia where he was adjunct professor of Not-for-profit Leadership. Professor Gilchrist has published widely as an academic and journalist, and is a principal author of a number of key national reports including the seminal report 'Australian Charities 2013' for the Commonwealth Government and the Australian National Disability Costing and Pricing Framework (2014). He is co-author of 'The Three Sector Solution' (2016) published by  Australian National University Press, author of 'Imperial Theory: Colonial Pragmatism' (2017) published by Palgrave Macmillan, co-author of 'Public Sector Accounting, Governance and Accountability: Experiences of Australia and New Zealand' (2018) published by Routledge and co-author of 'Designing Impactful Collaboration' soon to be published by Australian National University Press.

Date & Time

These series will be delivered online over 4 modules, one each month, from 2pm - 3pm:
  • 19 August
  • 16 September
  • 21 October
  • 19 November

Pricing and Registration

Registration process

Payment online is by debit or credit card (VISA, Mastercard or American Express) only and there are 3 easy steps to complete the online booking process.  
Upon hitting the blue "Complete Booking" button, you will receive an automated email confirming your registration and you will also be a sent in a separate email a Tax Invoice showing your booking as being paid in full by Credit Card.

We work hard to ensure that all workshops are cost effective by automating our systems. If you require an invoice (rather than paying by credit card) there will be a $25 surcharge for this, and you will need to supply:

  • The full name and postal address required to appear on the invoice.
  • The contact name and email of the person(s) responsible for authorising this expense and approving payment.
  • Any purchase order references required on vendor invoices.

If you would like to reserve a place, as our workshops fill quickly, or have any issues or questions about your booking, please contact Nathalie van Dort on 021 066 9811 or email: nathalie@grow.co.nz

What happens if you have to cancel?

We know that sometimes your plans can change for many different reasons. Should you be unable to attend, a substitute delegate is welcome to attend at no extra cost. If a substitute delegate is not available and you need to cancel your registration, please be aware of the following:
Up to 7 days prior to the event you will be provided a refund of your registration cost, less a $20.00 inc GST per attendee service charge.
 
If you cancel within 7 days of the event, you are not eligible to receive a refund. Please note: should your registration not be paid by the time of the event, you are still liable to make the payment. Unpaid accounts may be passed over to our debt collection agency and additional costs may be incurred.
 
All cancellations must be received in writing via email.
 
Training is cancellable by GROW with 3 days’ notice if a minimum number of attendees is not met and full refunds will be provided.
 
Please note: GROW Ltd reserves the right to make any amendments that we may deem to be in the best interest of the forum – it is however very unlikely and we will notify you as soon as possible should this occur.
For more information see our full Terms of Trade.

CONTACT NATHALIE


For further details, please contact:
e: nathalie@grow.co.nz
p: 021 066 9811

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CONTACT US

For further details, please contact:
Nathalie van Dort at nathalie@grow.co.nz
Phone: 021 066 9811