Setting up and running a charity – guidance

Internal financial controls for charities (CC8)

How to manage your charity’s financial activity and use internal financial controls to reduce the risk of loss.

Documents

Detail

If a charity is to achieve its aims, its trustees need to ensure its:

  • assets are properly used
  • funds are spent effectively
  • financial affairs are well managed

Internal financial controls are essential checks and procedures that help charity trustees:

  • meet their legal duties to safeguard the charity’s assets
  • administer the charity’s finances and assets in a way that identifies and manages risk
  • ensure the quality of financial reporting, by keeping adequate accounting records and preparing timely and relevant financial information
Published:
1 July 2012
From:
The Charity Commission