Chapter 2: Due Diligence, Monitoring and verification of the end use of funds
The public and those donating to charity should have confidence that money donated is used for legitimate purposes and is reaching its intended beneficiaries. This chapter aims to make all trustees aware of their legal duties and responsibilities in carrying out appropriate due diligence checks on those individuals and organisations that give money to, receive money from or work closely with their charity, and to identify and manage any associated risks. It also gives trustees practical advice on carrying out proper monitoring and verification of the end use of funds where charities give money to local partners and beneficiaries.
The chapter is in three parts:
| Summary: Due Diligence, Monitoring and verification of the end use of funds |
|
|
Due Diligence, Monitoring and verification of the end use of funds |
|
|
Practical Tools: |
|
|
| Tool 1: The risk assessment cycle |
|
|
| Tool 2: Strengths, weaknesses, opportunities, and threats (SWOT) analysis |
|
|
| Tool 3: PESTLE Analysis |
|
|
| Tool 4: Risk Matrix |
|
|
| Tool 5: Risk Assessment Checklist |
|
|
| Tool 6: Know your donor - key questions |
|
|
| Tool 7: Suspicious donations log |
|
|
| Tool 8: 'Know Your Partner' key issues to think about |
|
|
| Tool 9: Verification of proposed partner form |
|
|
| Tool 10: Outline partnership agreement |
|
|
| Tool 11: Grant Monitoring Report - declaration by partner organisations |
|
|
| Tool 12: Monitoring visit checklist |
|
|
| Tool 13: Options for on-site inspections |
|
|
| Tool 14: Monitoring visit log |
|
|
| Tool 15: Project Monitoring checklist |
|
|
| Tool 16: Due Diligence - core principles |
|
|
Top of page