The Charity Commission has updated its guidance to help charities through the recession and budget cuts.
The guidance that has been updated is:
• Charities and Risk Management (CC26)
• Financial Difficulties and Insolvency (CC12)
• Charities and reserves (CC19)
• Internal Financial Controls (CC8)
All of the updates focus around managing financial problems, reviewing and managing risks, safeguarding the assets of the charity, and setting reserves during times of financial difficulty.
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