Finance Procedure Policy

20th February 2025

This document aims to provide a clear and concise set of processes to govern the financial expenditure made by the Keighley Business Improvement District CIC (the BID).

The purpose of the finance related policies and procedures is to ensure Keighley BID CIC:

• Meets its legal and other statutory obligations, primarily those as set down by The Office of the Regulator of Community Interest Companies and HMRC regulations.

• Directors have proper financial control of the organisation.

• Meets the contractual obligations and requirements of funders.

All staff and Directors with a role in the management/review of finances and procurement are required to comply with these policies and procedures.