12 Tips of Christmas for Charity Trustees:
Day 8

dayeight

8. Protect Assets

When a cracker is pulled who gets the toy? Convention seems to be that those left holding the end with it in can claim it is theirs. But we all get surprisingly territorial about ownership.

Trustees need to be equally protective of the fixed assets of the Charity, ensuring there is evidence of ownership and entitlement, that an up to date fixed asset register is maintained and is reconciled with the accounts.