Would you like to understand how to work out a fair cost for units of service you deliver? Examples of a unit of service could be hours of support provided or the number of activity sessions delivered etc.
The funding climate is changing and there has been a shift away from block grants towards ‘direct payments’ and/or ‘commissioned per unit’ funding. You will also find that this way of costing your services will also show more clearly to your donors or service users how the funds are being used.
You will be able to:
1. Understand cost and income types (such as fixed and variable costs and the difference between traditional one off grants and payment by unit).
2. Consider how to treat overheads.
3. Understand pricing options including target costing and cost recovery.
4. Write budgets from a unit basis.
5. Plan the internal processes and systems that you might need to operate on a cost recovery basis.
This session will be most beneficial for those involved in budgeting and planning ahead, for example chairs of trustees, treasurers, managers or chief executives.
This course is free for Reading based charities, social enterprises and community groups. If you are from outside of this area, please contact us for more information before booking. Due to demand, please only book one place per organisation.
The course will be delivered by Rachel Eden of Holybrook Associates. Rachel is a qualified accountant and member of the Chartered Institute of Management Accountants. She has delivered a wide range of technical training for accountants and for the voluntary sector.