Under charity law, a charity’s funds are either income funds or capital funds, and are either restricted or unrestricted. Knowing what nature of resources you have and what this means for how you can use them is essential for making the most of what they can achieve.
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.
All registered charities must prepare a Trustees’ Report to accompany their accounts and if asked, make this document available to the public. Charities with income above £25,000 (and Charitable Incorporated Organisations of any size) need to file this report with the Charity Commission, along with their accounts and annual return.
Event Summary At our well-attended online catch-up on 28/01/2021 the Burton Sweet Charities and Civil Society Team shared some key considerations for charities in
The Burton Sweet Charity Team have a busy few months coming up, here are the latest key dates for your diaries: Quartet Community Foundation.
