Charity Commission publishes updated financial guidance

Updated finance guidance published today by the Charity Commission

On 9 June 2010 the Charity Commission, the independent regulator of charities in England and Wales, published four updated sets of financial guidance for charities and their advisers covering risk management; financial difficulties and insolvency; reserves and internal financial controls. The four sets of guidance are:

• Charities and Risk Management (CC26)
• Financial Difficulties and Insolvency (CC12)
• Charities and reserves (CC19)
• Internal Financial Controls (CC8)

The guidance has been revised to reflect new developments and the challenging economic climate that charities now face. It covers the main points of financial management, planning and control in the context of charity law and good practice.