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Managing a charity’s finances – updated Charity Commission guidance CC12

26th February 2016

Guidance on how trustees can reduce the risk of insolvency. Sets out the responsibilities of trustees and what insolvency means to the charity.

The guidance explains:

– the charity trustees’ duties in relation to the protection of their charity’s assets
– why the charity trustees need to have a good knowledge of their charity and its finances
– what the charity trustees need to know about the charity’s assets and if their use is restricted
– that a charity may face insolvency if it’s unable to pay its debts
– when the trustees may be liable for any debts.

CC12: Managing a charity’s finances: planning, managing difficulties and insolvency (January 2016)

  • Charity registration
  • Restructuring
  • Governance and constitutional issues
  • Trustees' duties and responsibilities
  • Mergers and joint working
  • Commercial contracts
  • Company law and company secretarial
  • Regulations and compliance
  • Strategy and sustainability
  • Funding