PFWCA UK Financial Controls Policy

1. Purpose

To ensure transparency and accountability in all financial activities.

2. Principles

  • Proper authorisation of spending

  • Accurate record keeping

  • Separation of duties where possible

3. Income

All income must be:

  • Recorded

  • Banked promptly

4. Expenditure

  • Must be approved

  • Must align with organisational objectives

  • Must be supported by receipts

5. Reporting

Regular financial reports will be maintained and reviewed.

6. Fraud Prevention

Any suspected fraud must be reported immediately.