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.”
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