Charities to give evidence in Parliament on demise of cheques

Treasury committee of MPs will hear from the Institute of Fundraising, Age Concern, Help the Aged and Citizens Advice

Louise Richards, director of policy and campaigns at the Institute of Fundraising, will give evidence tomorrow to a committee of MPs looking into the proposed abolition of cheques.

Richards will appear before the Treasury Committee in the House of Commons as part of its inquiry, called The End of Cheques?, set up to investigate the advantages and disadvantages of abolishing the payment method.

Other witnesses include Jane Vass, financial services policy adviser for Age Concern and Help the Aged, and Teresa Perchard, director of policy at Citizens Advice.

Last December, the UK Payments Council announced that cheques would be phased out by October 2018, providing that alternatives were developed. 

In written evidence submitted the inquiry, the Charity Commission wrote: "The abolition of cheques should not weaken a charity's system of internal financial controls, provided the trustees opt to use the alternative method of payment and put in place sufficient safeguards over its use.

"The alternative payment method developed to replace cheques would need to be thoroughly tested by charities and those groups that represent individuals who donate to charity."

The submissions, which are not yet an approved record of the written evidence received by the committee, can be viewed here.

 

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