Understanding your co-op's finances – London

The Understanding your co-op's finances course takes place in London on 18 April 2018, between 10am and 5pm.

Please note that we have reached our capacity for this training session; please email [email protected] if you are interested in attending and we can inform you of any last minute places that become available. 

About the training

This practical, advanced workshop is a must-attend for board directors, management committee members and members involved in overseeing their co-op.The day long workshop aims to demystify accountancy and help delegates interpret their co-op's management accounts and use that financial information to make informed business decisions.

"Incredibly informative, with complex ideas and information made easy to understand. 10/10." Plan B Housing

How much does it cost?

The training costs £150 + VAT for members of Co-operatives UK and £215 + VAT for non-members.

Training covers

  • What management accounts are
  • The importance of cash to a business
  • Cash flow forecasting and scenario planning
  • The essentials of accounting, such as types of accounts, double entry bookkeeping and the accounting equation
  • Creating income statements and balance sheets
  • Financial performance indicators and what we can learn from them
  • Gearing ratios and what we can learn from them

"Andy was a great trainer, clear and honest." Alex Allsworth, Catalyst Collective

Learning Outcomes

  • The basic concepts of accounting
  • The importance of management accounts for making financial decisions
  • How to interpet management accounts
  • How to forecast cashflow and interpret cashflow statements
  • How to create an income statement, profit and loss sheet, and balance sheet
  • Financial performance indicators and what can we learn from them
  • Gearing ratios and what we can learn from them
  • How share capital relates to this accounting framework.

Who should attend?

The course is aimed at people running co-operative organisations who need to understand and make decisions based on financial accounts:

  • Members of a board of directors
  • Members of a management committee
  • Members who are involved in overseeing the businesss

About the trainer

Andrew Woodcock from Co-op Culture and Acorn Co-op Support will be running this session. An open and talented trainer, with excellent communication skills and knowledge of participatory techniques, Andy has lived and worked in co-ops for the last 20 years. He co-operatively manages a £750,000 co-op loan fund that has never made a bad loan in over 25 years as well as a co-operative investment fund of just under £1million. He has helped various co-ops raise over £5m of capital as well as being treasurer to many co-ops. He also prepares co-ops accounts. He co-produced the Introduction to Financial Literacy workshop which has now trained over 500 people in better understanding their co-op's accounts.

“Andy managed to make accounts interesting! He was extremely clear and logicial, patient with questions and kept to time!” Naomi Diamond, Locality

Event details
Date and time
Wednesday, 18 April 2018 - 10:00am to 5:00pm
The Abbey Centre
34 Great Smith St
United Kingdom
£150 + VAT for Co-operatives UK members / £215 + VAT for non-members
More information
Contact Leoni Merrifield
Updated: 09/04/2018