Financial and Management Controls
Managing your organisation’s finances is vitally important and is a key role of the management committee of any organisation. Overseeing other management control policies is also a role of the committee and will impact on how the organisation is run.
Financial controls underpin the effective management of any organisation. Management controls encompass the other policies which the management committee puts in place to ensure that the organisation is effectively run. Financial policies could include:
- Reserves
- Anti-bribery policy
- Anti-fraud policy
- Financial procedures
- Procurement
- Schedule of delegated financial authority
Please see links below for more details.
Financial Systems and Control Assessment Questionnaire
NICVA has developed the series of tutorial videos below to help treasurers and trustees of small to medium sized voluntary led organisations understand the basics of financial record keeping and good financial governance:
- Keeping books of account
- How to prepare annual accounts (R&P)
- The independent examination of charity accounts – what is it and what to look for in an Independent Examiner
- The role of the treasurer and preparing an annual budget
- Accounting Regulations for Charities
- Reserves Policy
A list of external guidance and examples of relevant financial policies from various organisations can be found here.