Financial Stewardship for Charities

The Financial Stewardship for Charities is one of the training programmes under “GovernWell: Excellence in Charity Leadership,” brought to you by the Charity Council and Office of Commissioner of Charities (COC). This programme is designed to empower directors of non-profit organisations (NPOs) with advanced financial stewardship capabilities.

The programme consists of 9 eLearning modules (26 hours in total) available on Boardflix.

All attendees will also receive exclusive invites to 2 in-person case studies session (available after programme completion).

Programme Advisor:

Professor Ang Hak Seng

Director, Centre of Excellence for Social Good
S R Nathan School of Human Development
Singapore University of Social Sciences

Module 1: Reading and Understanding of Non-Profit Financial Statements (1.5 hours)

To equip participants with the essential financial and accounting knowledge and concepts in understanding and analysing NPO's financial statements.

Module 2: Financial Governance (3 hours)

To equip participants with a comprehensive understanding of financial governance in NPOs, including stakeholder roles, policy development, and the relationship between financial governance and performance.

Module 3: Financial Planning and Budgeting (2.5 hours)

To empower participants with the skills to manage non-profit finances through effective resource allocation, strategic financial planning, budgeting and forecasting and cash flow management. To share common financial management challenges faced by NPO.

Module 4: Financial Reporting and Compliance (4 hours)

To provide NPO directors with an overview of the regulatory and compliance requirements for financial reporting, an understanding of how to navigate audit processes, and effective risk management and internal controls in NPOs

Module 5: Anti-Money Laundering and Counter-Terrorism Financing (3 hours)

To equip NPO directors with the essential knowledge and skills to understand and comply with Anti-Money Laundering, Countering the Financing of Terrorism, and Counter Proliferation Financing (AML/CFT/CPF) regulations, enabling them to effectively mitigate financial crime risks within their organizations.

Module 6: Fundraising and Grant Management (4 hours)

To empower NPO directors to develop and implement ethical and effective fundraising strategies, learn best practices in grant management, understand donor stewardship and reporting and leverage technology to achieve sustainable financial support.

Module 7: Investment and Asset Management (4 hours)

To enable NPO directors to develop and implement sound investment policies and strategies, encompassing asset management, risk mitigation, and responsible investing practices, to ensure the long-term financial sustainability of their organizations.

Module 8: Financial Technology and Systems (2 hours)

To empower NPO directors to appreciate the importance of IT infrastructure and cybsersecurity and to understand how to select accounting and finance systems which are best suited for various NPOs and to strategically leverage technology for digital payments, data protection, and the responsible adoption of automation and AI.

Module 9: Financial Leadership (2 hours)

To empower NPO directors to provide effective financial leadership, cultivate a robust financial culture, build strong finance teams, implement essential financial disciplines, strategically structure the finance function, and ensure leadership continuity through succession planning.

Programme Fees

Visuals for Charity Website (1) As part of the group sign-up, ISCA Academy will make a $200 donation to ISCA Cares, our charity arm, on behalf of each participant. Every participant will also receive an ISCA DLM bookset as a token of appreciation.