The Charity Commission of England and Wales recently updated its guidance on protecting your charity from fraud.
Fraud is the most reported crime in the UK and has had a significant financial impact on the charity sector. Fraud not only comes from external sources, but can also come from internal sources, such as employees and volunteers. It is important to learn how to recognise and protect your charity from fraud. The Charity Commission’s guidance provides useful information about how to report fraud, advice on how to protect against fraud, and links to alerts and further resources, including information about cyber-fraud. They also provide best-practice templates that can be adapted to help your charity protect itself.
This guidance points out the importance of trustees protecting their organisations through strong financial management and good governance. If you have questions about the Charity Commission’s guidance or about how we can help advise on financial management or governance, please contact us.