This guide aims to assist museums to encourage supporters to remember a museum in their will, by putting structures and communication in place to stimulate and manage legacies.
‘The museum must be able to show that it is financially stable and that it meets the relevant financial regulations or standards and the requirements of its constitution.
The museum must have enough funds available, and collections must not be used as security for a loan.’
(Accreditation standard, October 2011)
This guidance enables governing bodies to ensure that they are meeting the Accreditation Standard and the relevant financial regulations or standards. It provides all the information a charity will need to produce its annual report and accounts.
This checklist can be used to review your charity’s effectiveness and provides updated guidance from the Charity Commission, ensuring charity trustees engage with and use finance guidance from the regulator to run their charities effectively.
These documents provide updated guidance from the Charity Commission, ensuring charity trustees engage with and use finance guidance from the regulator to run their charities effectively. The guidance covers the importance of having a good reserves policy and how trustees can manage their charities in challenging circumstances.
This resource covers the importance of having a good reserves policy and how trustees can manage their charities in challenging circumstances. It states the responsibilities of trustees, including legal knowledge and understanding of good practice.
This resource focuses on fundraising in Scotland and provides a range of useful information, much of which is applicable to museums in the UK.
This resources addresses the Financial Reporting Standard (FRS) 30 – Heritage Assets issued by the Accounting Standards Board (ASB). FRS 30 sets out ASB’s requirements for the financial reporting of items which are ‘heritage assets’ held by museums, galleries and heritage bodies.
This resource provides information so that charities can prove that all the managers who deal with finances (including the authorised officials and responsible persons) are fit to run the charity. This is sometimes called the ‘fit and proper persons test’.