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Charities must manage their money carefully, responsibly and in accordance with charity law. This work covers budgeting, financial governance, accounting, reporting and safeguarding charitable assets. A solicitor helps trustees draft financial policies, prepare annual accounts and reports, supervise internal controls, and advise on investment and fundraising compliance, exemptions, and tax matters. They also coordinate with auditors or independent examiners and respond to the Charity Commission or Companies House where applicable to protect the charity’s finances and credibility.
A solicitor helps ensure robust financial governance, from setting budgets and safeguarding funds to preparing accounts, managing risk, and ensuring regulatory compliance. They work with auditors, advise on charitable investments and fundraising legality, and help interpret reporting requirements to protect the charity’s finances and reputation.
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