Charity finances: trustee essentials updated publication

The Charity Commission has updated its guidance on charity finances Charity finances: trustee essentials (CC25) to make sure that trustees understand their financial responsibilities when managing a charity.

The new guide includes sections on making the most of a charity’s finances, identifying and managing risk, appropriate internal financial controls, reserves, managing financial difficulties, and income generation amongst other topics.

Charity trustees should aim at having realistic funding plans and strategies, effective management controls and systems, and plan for the charity’s assets to be used in the best possible way for the charity’s beneficiaries. This enables trustees to satisfy their duty to manage the charity’s resources responsibly.

Similar Articles

Cyber attacks – wha... Charities should be aware of “WannaCry” and “Petya”. These are the cyber attacks that have brought organisations to a standstill recently. Many charities are not investing in
Charity Commission encour... For advice on how to safely donate to charities working to relieve the humanitarian crisis  in Mozambique, Malawi and Zimbabwe as result of Cyclone Idai go to
Prevention of fraud ̵... You can take this preventative action now:  make sure charity software has up-to-date virus protection (though it will not always prevent you from becoming infected) 
Charities management of f... The Charity Commission (‘the Commission’) has  published  reports which show that trustees who take early, pragmatic steps to actively identify and manage their financial difficulties will secure
Charities warned over man... The Charity Commission has said the public does not accept that charity bosses should receive salaries higher than the private sector. Public confidence and trust in charities
Government backs charitab... The government is backing the idea of granting charitable status to some forms of journalism and has asked the Charity Commission  to look into how it could
Welcome to our blog stay tuned for more information.
Brexit has had no effect ... Charitable donations according to the Charities Aid Foundation’s annual UK Giving report found that charitable donations held steady at £9.7bn last year. Apparently the EU referendum had
Charity finances: trustee... The Charity Commission has updated its guidance on charity finances Charity finances: trustee essentials (CC25) to make sure that trustees understand their financial responsibilities when managing a
Prevention of fraud in a ... # Charities like other organisations regularly fall victim to frauds. A new website at http://charitiesagainstfraud.org.uk/ gives useful guidance to help prevent this Some tips to help reduce

Leave a Reply

Your email address will not be published. Required fields are marked *