Charities at risk of financial difficulty - proactive review
The Charity Commission’s objectives include to ensure trustees comply with their duties and to increase public trust and confidence in charities. The closure of a number of charities in recent months has highlighted the importance of trustees managing financial difficulties well, the public interest in charities (particularly high profile charities) that collapse due to financial difficulties and the negative impact this can have on public trust and confidence in charities more widely.
In response, the commission:
carried out a proactive scrutiny and review of various charity accounts that signal they may be in financial difficulty