Financial Governance for Charities - An Essential 1-Day Seminar: Dublin - 8 November 2017

Training provider: 
The Wheel
Date / time: 
8 Nov 2017 - 9:30am - 5:00pm
Carmelite Community Centre, 56 Aungier Street, Dublin 2
Price details: 
Member Price: 120 Euro / Non-Member Price: 170 Euro
Financial Governance 8 Nov

This full-day seminar for senior nonprofit staff and trustees will break down the seemingly impenetrable fortress of financial governance and give you the tools and confidence you need to lead in this crucial area.

To book this course: go to the bottom of the page, select the appropriate option and click 'add to cart'.

Course details: 

Yes, financial governance can be a little bit intimidating. And yes, there is a lot to learn. But one thing even more certain than both of those factors is that you ignore financial governance at your peril.

That's why The Wheel has put together this tightly structured full-day of financial governance best practice training - to help you understand your current responsibilities in full and, crucially, to help you prepare for what's coming next...

Why Now?

The Charities Regulatory Authority is expected to issue clear requirements in relation to governance practice, activity and financial reporting, all of which will help to increase transparency and accountability.

Now is the time to start preparing...

Part I - Implementing the Statement of Recommended Practice for Financial Reporting (SORP) for Charities

Let our expert facilitator Roseanna O'Hanon (see bio below) walk you through the process and unpack the detail of - and the many benefits to be derived from - SORP. This very practical session will give you the knowledge you need to feel comfortable with 

Part I Focus:

  • Understand how SORP will impact on charities and charity regulation
  • Learn more about the SORP guidelines
  • Understand what is involved in the implementation of SORP for charities.

Part II - Financial Governance in Action: Putting Key Principles into Practice

A highly interactive workshop lead by chartered accountant and governance consultant Brendan Lenihan. This session translates the sometimes scary topic of “Financial Governance” into practical, accessible language and tools for those who have (or who share) responsibility for this important area.  Take your Financial Governance practice to the next level, by exploring what best practice means in a range of practical scenarios.

Part II Focus:

Threaded through with real world examples of the best and the worst, we will look at 10 vital areas. In each of these areas you will be invited to grapple with how to resolve a typical ethical dilemma faced by the sector.    

  1. What positive ‘financial governance’ means in a nutshell; 
  2. How to respect legal structures and observe your Directors Duties;
  3. The pitfalls of building and maintaining a proper system of internal control;
  4. Creating good management and Board information;
  5. How to get the best out of your auditors and your Audit Committee (if you have one);
  6. A simple and effective tool for risk management;
  7. Positively embracing whistleblowing;
  8. The right balance in relation to financial transparency, disclosure and accountability;
  9. Requirement of State funders;
  10. The issues and challenges that are looming on the financial governance horizon.  

You''ll finish this engaging day of training with a new found sense of confidence and certainty regarding the financial responsibilities of your nonprofit.

Learning Outcomes:

  • Understand how SORP will impact on charities and charity regulation
  • Learn more about the SORP guidelines
  • Understand what is involved in the implementation of SORP for charities.
  • Identify the principles that underpin best practice in Financial Governance
  • Use simple tools to develop best practice Financial Governance procedures
  • Gain awareness of the steps that need to be taken to develop best practice standards in your organisation.

Facilitators: Roseanna O'Hanlon & Brendan Lenihan

Roseanna O'Hanlon

Roseanna O'Hanlon is a partner in the firm’s Audit and Assurance department. Roseanna joined the Firm in 1998 after completing a Bachelor of Commerce Degree at University College Dublin. A member of Chartered Accountants Ireland and the Irish Taxation Institute, she has 18 years’ commercial experience.
Roseanna manages the provision of audit and assurance services to a wide range of clients and has experience in both statutory and non-statutory audits of varying sizes. Her portfolio of clients includes organisations from various industries including hospitality, manufacturing, construction, property management, financial services and retail. Roseanna has extensive experience in advising owner managed businesses and the not-for-profit sector.
Roseanna’s areas of expertise include internal and external audit, financial analysis, business planning, financial management training for clients and general accounting services. She has carried out a number of internal control reviews for semi-state and not-for-profit organisations.
Brendan Lenihan

Brendan Lenihan is Managing Director of Navigo Consulting which specialises in strategy, business planning, governance and change. He is a Chartered Accountant and a former President of the Institute of Chartered Accountants in Ireland.  

His previous career experiences include being a Partner with Andersen (with whom he worked in the US and Ireland) and also holding executive roles in industry including as Group Finance Director of a multinational property company and also in one of Ireland’s largest nursing home operators.

He has held a number of non-executive roles in charities and not-for-profits, including currently as a Board Member and Chair of the Audit & Risk Committee of Good Shepherd Cork, which provides emergency accommodation, residential care, support and education to homeless and vulnerable women and children, has an annual operating budget in excess of €2m and is undertaking significant capital projects. 

Feedback from Attendees of The Wheel's Finance/SORP Workshops:

"As a charity ,we would be lost without the support from The Wheel.Well done today on a very informative session on SORP!" - Rainbows Ireland

"My first time attending one of these sessions. Certainly a good introduction for me, very helpful as a beginner in understanding what will be expected of non profit organisations." - J. Godden, Alone
"Checklist document was excellent as was the Information Pack." - C. Cowan, Drogheda Women's and Children's Refuge
"I found the presentation very informative, the notes were very good and will provide good reference material back in the office." - T. McCloskey, McCloskey & Co

Governance Code

The Code of Practice for Good Governance of Community, Voluntary and Charitable (CVC) Organisations in Ireland. All community and voluntary organisations should make themselves aware with the Code.

This new Code has been developed by the sector and for the sector, with the express purpose of enabling CVC organisations to achieve the highest standards of governance in the running of their organisations.

Who Should Attend: 

CEOs, Senior Managers, Finance staff, and board members .

How to Register: 

To book this course: go to the bottom of the page, select the appropriate option and click 'add to cart'.

Registration on the day from 9.15am.

Course contact details

01 454 8727

Members of The Wheel receive reduced rates on events.