Posted by Bishop Fleming on July 3, 2017
In response to the recent bad publicity surrounding charity fundraising, new disclosure requirements concerning fundraising for charities subject to audit have been introduced for charity accounts reporting periods beginning on or after 1 November 2016.
Bishop Fleming's Mark Birchenough explains the rules.
These requirements were introduced by the Charities (Protection and Social Investment) Act 2016 and the detail of what needs to be disclosed is available from Charity Commission Guidance CC15d.
Section 7.9 of this guidance is as follows:
“Information on fundraising practices that auditable charities must disclose
All auditable charities that raise funds from the public must provide the following information in their trustees’ annual report for financial years beginning on or after 1 November 2016:
Early adoption of these disclosures is permitted and one of my clients has already included this information in its trustees’ report for the year ended 31 March 2017.
If you have a charity that raises funds from the public you should ensure that the relevant disclosures are made in the trustees’ report from the required date. For some charities, introducing a system for gathering the information may be useful.
If you would like further information on any of the above please feel free to contact your local Bishop Fleming advisor.