Guidance

Internal financial controls for charities (CC8)

How to manage your charity’s financial activity and use internal financial controls to reduce the risk of loss.

• From: The Charity Commission
• Published: 1 July 2012
• Last updated: 26 April 2023 — See all updates

Applies to England and Wales

• Publication for Northern Ireland
• Publication for Scotland

Documents

Internal financial controls for charities

Ref: CC8

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Checklist: Internal financial control for charities

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Details

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

Published 1 July 2012
Last updated 26 April 2023 + show all updates

1. 26 April 2023

   This guidance has been redesigned and updated to reflect changes to practice and the law.

2. 1 July 2012

   First published.