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.

Published 1 July 2012

• From: The Charity Commission

• Applies to: Wales and England (see publications for Scotland and Northern Ireland)

Documents

Internal financial controls for charities

Ref: CC8 HTML

Checklist: Internal financial control for charities

ODT, 156KB

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Details

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