Endowment
Endowment is money a charity is meant to keep, not spend. It usually arises from a gift or legacy given on terms…
Glossary
Designated funds
Designating a fund is a planning tool, not a legal restriction. Trustees take some unrestricted money and earmark it — say, towards…
Conflict of interest
Conflicts of interest are a normal part of running a charity, not a sign of wrongdoing. A trustee might also run a…
Community Interest Company (CIC)
A CIC is the go-to structure for a social enterprise that wants to trade for good without becoming a charity. It looks…
Community Amateur Sports Club (CASC)
A CASC is a halfway house for grassroots sports clubs: it gives access to some charity-style tax reliefs without the full weight…
Code of Fundraising Practice
If your charity asks the public for money, the Code of Fundraising Practice is the rulebook for how to do it properly.…
Charity trustee
Trustees are the people in charge of a charity. Whatever they are called in your governing document — trustees, directors, the board,…
Charity Governance Code
The Charity Governance Code is what “good governance” looks like when written down. It is not law and no one enforces it,…
Charity audit
An audit is the most thorough level of external scrutiny a charity’s accounts can have. A registered auditor examines the figures and…