The UK Charity Commission has published some revised guidance for UK charities on risk management, financial difficulties and insolvency, financial reserves and internal financial controls. While UK law is not identical to Canadian law these documents provide very helpful information for Canadian charities.
The four sets of guidance are located on the Charity Commission website:
Charities and Risk Management (CC26) http://www.charitycommission.gov.uk/Publications/cc26.aspx
Financial Difficulties and Insolvency (CC12) http://www.charitycommission.gov.uk/Publications/cc12.aspx
Charities and reserves (CC19) http://www.charitycommission.gov.uk/Publications/cc19.aspx
Internal Financial Controls (CC8) http://www.charitycommission.gov.uk/Publications/cc8.aspx
Related Posts
September 30, 2020
The WE Charity scandal and its impact on the Canadian charity sector?
A lot has happened since we originally published this article on September 4th so here is an updated version below. The WE Charity…
September 28, 2020
Blumbergs is changing addresses
As of October 1, 2020, Blumberg Segal LLP is moving to a new office address which is:Blumberg Segal LLP2300 Yonge Street, Suite 1600Toronto, ON…
September 27, 2020
Access to Information sorely lacking when it comes to WE Charity scandal
The Canadian access to information system seems to underperforming when it comes to the WE Charity scandal. See this PDF of Completed Access to…