As a charity, keeping good accounting records is at the heart of both excellence in public accountability and effective decision making.
It can sometimes be good to brush up on the facts to ensure that you’re abreast of charity regulations and recent developments. The Charity
Most charities need public support; therefore, how people interact and think of charities is intrinsically linked to what they can do.
We’ve noticed an increase in investigations by the Charity Commission linked to the non-submission of annual returns, reports and accounts, particularly where there has been non-compliance over a sustained period of time. So, what can you do to make sure your charitable organisation is not at risk of this?
Having effective internal financial controls is vitally important for charities of all shapes and sizes. Putting meaningful checks and procedures in place will help ensure trustees protect their charity’s assets and finances, as well as enhancing the quality of their decision making, as they seek to put those assets to work for the public benefit.
Accurately completing the Charity Commission Annual Return should be a top priority for all charity boards. The data declared on it is used by the Commission to regulate the sector and is often the first information a member of the public will see about your charity, when searching on the charity register.
