Guidance in this section covers acquiring, leasing and disposing of property, and managing other assets including vehicles, IT equipment, land and intellectual property.
Voluntary organisations hold two main classes of asset: fixed
assets and current assets.
Fixed assets include tangible fixed assets - the buildings and
equipment owned by organisations to enable them to fulfil their
mission, and investment assets, such as shareholdings or investment
property, which organisations hold to generate income.
Current assets consist primarily of cash at the bank, stocks of
unsold goods, and monies owed to organisations.
Fixed assets can represent a large amount of funding so it is
vital that there are controls in place to ensure they are used
properly and for the purposes of the organisation.