Trustees: Financial responsibilities and financial reporting

The Charity Commission requires trustees to manage their charity's resources responsibly. This paper - part of a series on trustees - explains that whilst this duty extends beyond financial management, managing a church or charity's finances and its financial assets form a large part of this responsibility.

Topics included:

• What are the main operational financial responsibilities for trustees?
• What are the main financial reporting responsibilities for trustees?
• When to have an audit and when to have an independent examination
• What are the trustees responsibilities when completing the Charity Commission annual return?

Updated August 2024