Setting up and running a charity – guidance

Managing financial difficulties & insolvency in charities (CC12)

Advice for charities that are facing financial difficulties and how charities can reduce the risk of insolvency.

Documents

Managing financial difficulties & insolvency in charities

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Rheoli Trafferthion Ariannol ac Ansolfedd mewn Elusennau

This file may not be suitable for users of assistive technology. Request a different format.

If you use assistive technology and need a version of this document in a more accessible format, please email usability@charitycommission.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail

Guidance on how trustees can reduce the risk of insolvency. Sets out the responsibilities of trustees and what insolvency means to the charity.

The guidance explains:

  • why the charity trustees need to have a good knowledge of their charity and its finances
  • what the trustees need to know about the charity’s assets and if assets are restricted
  • that a charity may face insolvency if it’s unable to pay its debts
  • when the trustees may be liable for any debts