Having internal financial controls is essential to meeting your legal duties and safeguarding your charity’s assets

If a charity is to achieve its aims, its trustees need to ensure its:

  • assets are properly used
  • funds are spent effectively
  • financial affairs are well managed

Internal financial controls are essential checks and procedures that help charity trustees:

  • meet their legal duties to safeguard the charity’s assets
  • administer the charity’s finances and assets in a way that identifies and manages risk
  • ensure the quality of financial reporting, by keeping adequate accounting records and preparing timely and relevant financial information

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For local advice and support on setting up financial controls or management systems

CVS South Gloucestershire can help. Please go here for more on this particular service.