Charities: holding, moving and receiving funds safely

How charities can hold, move and receive funds in the UK and internationally using formal banking systems and other methods.

Applies to England and Wales


Chapter 4: Summary

Chapter 4: Holding, moving and receiving funds safely in the UK and internationally

Chapter 4 Tool 1: Practical advice on operating bank accounts

Chapter 4 Tool 2: Checklist for donations received from outside the UK

Chapter 4 Tool 3: Using intermediaries - risk management checklist

Chapter 4 Tool 4: Using intermediaries - financial controls checklist

Chapter 4 Tool 5: Physical cash transfers - checklist of key controls

Chapter 4 Tool 6: Cash courier agreement form

Chapter 4 Tool 7: Cash payments record form

Chapter 4 Tool 8: Using other charities or NGOs to transfer funds outside the UK - checklist


Chapter 4 of the Commission’s Compliance toolkit, this guidance explains how charities can use formal banking systems wherever possible when holding, moving and receiving funds in the UK and internationally to ensure that charity funds are safeguarded.

It also covers working with other charities and NGOs and other more risky methods of moving funds, such as:

  • money service businesses
  • agents using alternative remittance systems
  • payment services
  • cash couriers

It gives practical advice for trustees on risk management factors and the need for appropriate financial controls and audit trails.

Published 5 January 2011