London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Revised financial guidance for charities

On 8 June 2010, the Charity Commission published four updated sets of financial guidance for charities. They are:

  1. Charities and Risk Management (CC26)
  2. Financial Difficulties and Insolvency (CC12)
  3. Charities and Reserves (CC19)
  4. Internal Financial Controls (CC8)

The guidance has been updated to reflect new developments and the rather challenging economic climate that charities are now facing.

The updates include:

  • New risk grid (CC26).
  • Guidance on controls over Internet banking and safeguards against fraud and financial crime (CC8).
  • Checklist of key questions for trustees to establish their charity’s financial position (CC12).
  • Setting reserves in the context of financial and risk management (CC19).

The four documents can be downloaded from

Wendy Bambrick is a charities expert and a senior manager at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Wendy you can call her on 01727 869141. 



Date: 7th July, 2010
Author: Wendy Bambrick


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Football #finance short-term cost control, profitability and sustainability @mercerhole Andy Turner sheds light on……

Lisa Spearman, Private Client Partner updates on 'Changes to Main Residence Relief from Capital Gains Tax'……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn