Do we need to have a petty cash tin and what should we use it for?

Use petty cash for items only of low value eg. below £20.  All other expenditure should be reimbursed through the full authorisation process (eg. Completing a claim form then paid by a dual signatory authorisation process).  This is because petty cash is at high risk of being misused.    If you don’t need petty cash, don’t use it.  It is more administration and more risk.  However it may not be acceptable to expect volunteers or workers to ‘loan’ the organisation money, pending reimbursement.

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Stringer House, 34 Lupton Street, Hunslet, Leeds, LS10 2QW | Charity Number 1076962 | Company number 3721361