Charity Commission compliance casework:
The Charity Commission has issued findings from its recent compliance work. The most common issues were:
Poor financial management and reporting. This is still a significant problems in the charities that were investigated and includes issues such as poor financial controls, poor accounting records, as well as a failure to file accounts.
In many cases this resulted in fraud, theft or losses to the charity. Many charities overlook the need to have appropriate financial controls and systems in place, and forget the importance – which can have serious consequences and even result in the charity having to close.
The second issue was around trustee and governance problems. Key problems including failing to check conflicts of interest, poor internal controls and poor risk management systems. All of these issues can lead to poor performance of the charity and decisions being taken that are not in the best interests of the charity.
The full report and findings can be found by clicking here.
