You are here:

Voluntary funds in schools: accepting, managing and auditing

Ref: 4067
Last updated on 24 October 2016
School types: All · School phases: All
In-depth article
What are governors' responsibilities for voluntary funds? We relay advice on managing and auditing voluntary funds in maintained schools and academies. We also look at whether your school can claim gift aid on these funds.

Article tools

Want to read more?

To read this article in full, sign up for a free trial of The Key.

Membership starts from £1.10 per day and includes an unlimited number of logins for all of your governing body. If you join today, we'll also waive the £100 joining fee.

Membership gives school governors access to:

  • More than a thousand online articles, with information and resources to help governors get to grips with their role
  • Policy bank from schools and other organisations
  • Downloadable template forms and reports, and planners
  • Our unlimited 'Ask the expert' service
  • Pre-inspection resources, including questions that inspectors may ask
  • A weekly News Briefing

Contents

  1. 1 Voluntary funds: definition
  2. 2 Managing voluntary funds
  3. 3 Claiming gift aid on voluntary funds
  4. 4 Auditing voluntary funds
  5. 5 Voluntary funds: FAQs

Article features

  • 14 external links

The Key has taken great care in publishing this article. However, some of the article's content and information may come from or link to third party sources whose quality, relevance, accuracy, completeness, currency and reliability we do not guarantee. Accordingly, we will not be held liable for any use of or reliance placed on this article's content or the links or downloads it provides. This article may contain information sourced from public sector bodies and licensed under the Open Government Licence.