Guidance for trustees on their financial responsibilities.
Trustees must take steps to make sure that their charity’s money is:
You also need to be able to show you’ve made the best use of the charity’s money to advance its purpose.
Even if your charity has an expert to manage its finances, every trustee shares responsibility for overseeing your charity’s money. All trustees need to understand and be involved in reviewing and agreeing the following.
Understanding finances can be complex. Charity accounting is different to other sectors in many ways. If a trustee doesn’t have a finance background or is new to the charity sector, this should be addressed as part of their trustee induction.
Last reviewed: 04 October 2024
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