Posts Tagged ‘Glossary – Trusts and Fundations – Finance and governance’

Costs needed to run core services

Activities which form the day to day operations of your charity.   They happen sufficiently regularly to necessitate inclusion in your annual budgeting process and are usually the last things to be cut in the event of a funding shortfall.

“The way in which an organisation is organised, managed, governed and the practices which are undertaken to ensure that standards are met in accordance with the relevant compliance”. Charities are required to follow governance practices as set out by the Charity Commission.  Fundraising practice is set out in a code of practice owned by the Fundraising…