Guidance

Improving your charity’s finances (CC12)

Advice on actions trustees can take to improve their charity’s finances, protect against financial difficulties and understand what to do if their charity is insolvent or at risk of insolvency.

• From: The Charity Commission
• Published: 29 January 2016
• Last updated: 23 September 2024
  Show all updates

  1. 23 September 2024

     This guidance has been updated to make it more accessible and easier to use.

  2. 14 June 2023

     Guidance updated to reflect changes introduced by the Charities Act 2022.

  3. 29 January 2016

     First published.

Applies to England and Wales

• Publication for Northern Ireland
• Publication for Scotland

Documents

Improving your charity’s finances - what to do if your charity is in financial difficulty

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What to do if your charitable company or CIO is insolvent or at risk of insolvency

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What to do if your unincorporated association or trust is insolvent or at risk of insolvency

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Improving your charity's finances - insolvency checklist

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Details

Read this guidance for information about:

• actively managing your charity’s finances
• checking if your charity is in financial difficulty
• actions you can take to improve your charity’s finances
• what to do if you are unable to improve your charity’s finances and your charity is insolvent or at risk of insolvency

 There is separate guidance for:

• charitable companies and Charitable Incorporated Organisations (CIOs) that are insolvent or at risk of insolvency
• trusts and unincorporated associations that are insolvent or at risk of insolvency

Read the guidance that applies to your type of charity. This will help you to follow the correct rules.

If you do not know what your charity’s type is, check your governing document.