Assessing Going Concern - Trustees' Short Guide Series.

In an increasingly uncertain economic environment, charity trustees must be able to demonstrate that their organisation remains financially sustainable and able to continue delivering its charitable objectives. Our Assessing Going Concern Guide provides trustees and charity leaders with practical insight into the going concern assessment process, helping you understand your responsibilities and make informed decisions with confidence.

This concise guide is designed to help you strengthen financial oversight, improve risk management and ensure your charity is well positioned to navigate future challenges. Using this guide, you’ll learn:

• What the going concern principle means and why it is a fundamental part of charity financial reporting
• The key factors trustees should consider when assessing whether their charity can continue operating for the foreseeable future
• How to evaluate cash flow forecasts, reserves, funding commitments and financial sustainability
• How risk management, scenario planning and uncertainty assessments support a robust going concern review
• The warning signs that may indicate financial difficulty and the actions trustees can take to mitigate risks
• What evidence and documentation should be retained to support trustees’ conclusions
• How going concern assessments link to governance responsibilities, annual reporting requirements and stakeholder confidence
• Why regular review and forward-looking financial planning are essential to maintaining organisational resilience.