Charity Commission issues new guidance on charity finances

Coins and calculator
Thursday, 23 April, 2020

Many charities are facing financial challenges due to coronavirus. This new guidance for trustees covers the following points, especially as they apply to smaller organisations:

  • identify the problems you face, and the options you have for dealing with them
  • get advice from your accountants or auditors, and/or from any networks you are members of (RedbridgeCVS can help, for example)
  • consider what is in the best interests of your charity
    • is it possible to reduce costs?
    • is it possible to maintain or increase your income?
  • make a plan to keep operations and finances under review
  • what to do if coronavirus means your charity can't continue to operate?

You can access the guidance here.

London Borough of RedbridgeNHS Redbridge Clinical Commissioing GroupCity of LondonLondon CouncilsMayor of LondonSkills Funding Agency  Big Lottery