Charities board update
Please note, our Forum rules no longer allow the posting of links to personal fundraising or crowdfunding pages, such as JustGiving. You can read the full set of our Forum rules here.
Please note, our Forum rules no longer allow the posting of links to personal fundraising or crowdfunding pages, such as JustGiving. You can read the full set of our Forum rules here.
Can a charity borrow from restricted funds

2.4K Posts


Is it permitted for a charity to use restricted funds for other purposes (without asking permission from the donor) if Trustees have personally guaranteed to repay the funds in time to deliver the activity for which the funds were donated?
0
Latest MSE News and Guides
Replies
What does the treasurer say? Have you asked the charity's auditors / independent examiners?
If the trustees are giving personal guarantees, why don't they make donations now and avoid the grey areas completely?
If in doubt, get proper advice ...