Issues recently examined

 

In some of our recent inquiry cases, financial management issues were a significant part of our inquiries.  The issues included:

• Lack of clarity: Charities were not transparent about their financial controls and procedures which can result in concerns about how a charity’s money is being used
• Poor understanding of how decisions were made: Not all charity trustees have a clear understanding of how the charity’s finances are managed, and by who. This can lead to concerns and suspicions that some financial transactions are inappropriate.
• Trustees keeping information to themselves: In some charities, finances were being handled by an individual or small group and there was a reluctance to share information with fellow charity trustees
• Decision making that was not collective: We received concerns over decisions taken by an individual trustee about how the charity’s money was spent