Steve Freer, chief executive of CIPFA, said the qualification was the Institute’s contribution to driving up standards of good financial management and governance in the sector. “With many organisations in the sector now taking on roles and public service providers it is vital that taxpayers and donors can have real confidence in the rigour, robustness and professionalism of the arrangements which operate charities large and small,” he said.

Nigel Scott, course director at London South Bank University, said: “The success of the pilot scheme has shown us how useful this qualification can be to improving the quality of financial management and governance in the voluntary and community sector. We look forward to working with a broad range of individuals across the UK who can now benefit from this course.”