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Can a charity borrow from restricted funds

edited 29 September 2021 at 2:01PM in Charities
2 replies 183 views
aroominyorkaroominyork Forumite
2.4K Posts
Part of the Furniture 1,000 Posts Name Dropper
edited 29 September 2021 at 2:01PM in Charities
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?


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