Financial Governance

As a Trustee, I have read the Charity Commission's guidance on what I need to know and what I need to do with respect to my financial governance duties. I have bookmarked the Trustee Finance Toolkit and refer to it when needed.

We have a set of financial controls, we have benchmarked them against the Charity Commission's checklist, we implement them and we review them at least annually.

We are familiar with the regulatory guidance, we have a Trustee's expenses policy, we keep a register of interests, we record and manage conflicts of interests.

We have a bookkeeping system that is maintained regularly, including all relevant paperwork, and which tracks restrictions and reserves.

We set a budget and monitor it, we raise mission-aligned funds, and we have implemented a risk-based reserves policy.

We know how to assess whether we are a going concern, we understand our responsibilities if this is at risk, and we take professional advice when needed.