The Charities Regulator launched the first in a series of guidance documents on 21st July. These are aimed at encouraging and facilitating the better administration and management of charities. The documents address the issues of guidance for trustees and internal financial controls guidelines for charities.
“The publication of the first of these guidance documents is an important landmark in the development of the Charities Regulator,” CEO John Farrelly said. “While our key functions include the creation and maintenance of the Charities Register and ensuring that charities are in compliance with the Charities Act, we are also tasked with encouraging and facilitating the better administration and management of charities.”
The trustees’ guidance document covers the minimum trustees should be aware of as well for those considering joining a board. To read the Guidance for Charity Trustees click https://t.co/e5T4ssk9Vh.
The internal financial control guidelines for charities document is practical and covers the main areas of financial control for charities: income; expenditure; banking (including payments and loans); assets and investments; and monitoring arrangements. It contains a number of useful checklists for organisations to ensure they have the appropriate controls in place. The Internal Financial Controls Guidelines for Charities can be read by clicking https://t.co/JiFcdtLBaf.
The Charities Regulatory Authority are expected to publish additional guidance documents before the end of the year which will include registration, winding down, conflict of interest and fundraising.
The guidelines are not yet prescriptive, however, when regulations are in place, Charities will be expected comply with these guidance documents