Sturdy monetary governance is an significant aspect of operating an productive non-financial gain organisation (NPO) or charity.
A great deal obligation lies with trustees, people who have a crucial, demanding (and usually unpaid) role in governing an NPO and directing how it is managed and run.
Trustees make confident all decisions place the wants of the beneficiaries to start with. If they are unsuccessful to meet their obligations, they can be held individually liable.
In this article, we protect a sequence of ways so you can demonstrate your NPO’s finances to your trustees, so they can fulfil their job of signing off accounts.
Here’s what we go over:
The Charity Commission lists six obligations of trustees:
- Guarantee your organisation is carrying out its reasons for the