Fundraising regulator publishes new guidance
On the 15th of January the fundraising regulator released new guidance to help charities with fundraising reporting requirements. This is because a recent analysis of 106 charity annual reports filed with the fundraising regulator has shown that only 40% of reports filed met the requirements under the fundraising reporting requirements in the Charities (Protection and Social Investment) Act 2016.
The purpose of these requirements is to help charities demonstrate that they are totally committed and focused on protecting donors and the public.
It is recommended that all charities should follow this guidance published by the Fundraising Regulator.
You should also follow the Charity Commission’s CC20 guidance on HMRC’s website. Trustees need to ensure that their charity’s fundraising meets the standards set out in the code. The recommended way to demonstrate that you have done so is to report and register with the Fundraising Regulator.
Chair of the Fundraising Regulator, Lord Toby Harris commented: “Although our review has highlighted a low level of compliance with The Charities Act 2016 in terms of fundraising statements, we recognise that this is the first year of reporting in this manner. We are committed to working with charities, especially those with lower fundraising budgets, to promote better practice in reporting and the importance of providing a comprehensive statement.”
Access the full article here.
How can we help
At Hawsons we have a dedicated team of charity and non-for-profit accountants at our offices in Sheffield, Doncaster, and Northampton. Our dedicated team fully understands the complex, ever-changing regulatory requirements of the charity and not-for-profit sector. Irrespective of your size we wish to support you to maximise the benefits you could achieve through our specialist professional advice.
If you would like to book your first free initial meeting click here.
If you would like to find out more information about Hawsons visit our website here.
Free initial meeting
0114 266 7141