Protect Your Charity’s Money – Internal Financial Controls

Fraud Top TipsAs a trustee you must take steps to make sure that your charity’s money is safe, properly used and accounted for. Every trustee has to do this. Even if your charity has an expert to manage its finances, you are still responsible for overseeing your charity’s money.

Protect your charity’s money

Make sure that money is only spent on what is allowed by the charity’s governing document and policies. If it is not, you and the other trustees need to put it right.

Use the Internal financial controls checklist (MS Word Document, 31.6KB) to help you know you are doing this properly. This will help you make sure that money coming into the charity is:

  • secure and recorded
  • only spent on your charitable purposes
  • at less risk of theft, fraud or cyber crime

Protect Your Business From Cyber Crime

Unfortunately, criminals will use every opportunity they can to scam innocent people and their businesses. They are experts at impersonating people, organisations and the police. They spend hours researching you for their scams, hoping you’ll let your guard down for just a moment.

How to protect your business

Stop

  • if you receive a request to make an urgent payment, change supplier bank details, or provide financial information, take a moment to stop and think

Challenge

  • it could be a fake – verify all payments and supplier details directly with the company on a known phone number or in person first

Protect

  • contact your business’s bank immediately if you think you’ve been scammed and report it to Action Fraud

National Cyber Security Centre

The National Cyber Security Centre also has advice on how to keep your business secure online