Audit

Yes we have passed our audit! Collective sighs of relief all round. Many people don't realise that if don't pass this we will have to pay back funding, which could be thousands of pounds. This has led to charities folding when they don't have the money to pay back funding. Thats fair enough if the charity hasn't spent the money properly, however even if it isn't their fault, if they can't produce the receipts, invoices and bank statements then they have to pay the money back.

On our last audit, one of the auditors told me about a charity that had stored their records in a basement and had then been flooded. All of the records were destroyed. So they had to pay the funding back when the auditors came! The official view is it is the organisations fault as they should have found somewhere to store their records that wouldn't have got flooded.