In this video Gavin got the opportunity to talk to Tim Wyatt about some of the financial challenges churches have faced during the pandemic.
In this video Gavin got the opportunity to talk to Tim Wyatt about some of the financial challenges churches have faced during the pandemic.
In this video Gavin got the opportunity to talk to Tim Wyatt about some of the financial challenges churches have faced during the pandemic. They also have a very interesting discussion around the important of charity governance and provide some practical examples and application points for UK churches. Gavin and Tim also discuss some of the implication for church budgets and some useful tips to consider over the next few years. A big thank you too Wyatt and Co for giving the time for Tim to share his experience and wisdom.
Tim referenced a training video about restricted funds. Please check out the link here.
https://www.youtube.com/watch?v=mIf01RtwVo4
This training session covered the following:This 1-hour training session covers topics such as:-
The principles of fund accounting and common pitfalls-
The difference between receipts & payments and accruals accounting-
Capitalisation of fixed assets, depreciation, and common mistakes-
Creating year-end accounts
