Know your organisation’s purpose It’s vital as a trustee that you know about what your organisation was,You can find this out by reading your organisation’s governing document.,you must always put the interests of your organisation first.,Learn about the finances Find out about the current financial situation of your organisation, including,Make sure you know about your banking arrangements, and any contracts or debts you have.

Banks Your hall will need a bank account to be able to spend and receive money.,You will need to look for a business account; many banks and building societies offer special current,accounts for voluntary organisations and charities, and banking may be free if the account is in credit,SCVO have put together more information on banking, including what to think about, and a bank comparison,You are likely to need to procure a number of goods and services for your community space.

Bank accounts.

Which is the best bank account for your charity?,Support and guidance on running and financing your organisation Lloyds Bank Treasurer's Account(for,Part of The Salvation Army, all profits made by the Bank go to support its ongoing work.,) Free online and day-to-day banking services Access to high street branch network Account management,Business Current Account Account management online or by phone Online banking with single, dual or triple

We know from our members that many voluntary organisations have problems in accessing banking.,issues with signatories, finding suitable products, or even having accounts closed.We worked with UK Finance,(the membership body for the banking and finance industry), charity and community representative organisations,, and banking providers across the UK to help develop UK Finance's Voluntary Organisations Banking Guide,detail, or believe you have evidence, resources, or experiences that could support our work, please

Finance’s Voluntary Organisation Banking Guide.,Is ethical banking important to your organisation?,check that your bank’s practices don’t run contrary to that.,an arrangement which allows you to manage your account at a high street bank.,Run by Charity Finance, the objective of this is to uncover the state of play in the charity banking

UK Finance launched a Community Banking project, and SCVO joined a wide range of voluntary sector organisations,This will, if it hasn’t already, affect organisations’ ability to manage their finances appropriately,, putting these organisations, the communities they support, and the sector’s reputation, at risk.,If you feel your bank is not meeting Consumer Duty requirements, the FCA recommends filing a complaint,with your bank first, then contacting the Financial Ombudsman Service if you are unhappy with their

Members of governing bodies go by a variety of names – ‘Trustees’, ‘Management or Executive Committee