Fundraising Regulator asks to be included on the Sorp Committee

It says it wants to ensure it is collecting the fundraising levy correctly

The Fundraising Regulator has asked to be included in the Sorp Committee so it can ensure it is collecting the right payments from charities that have opted into the fundraising levy.

The regulator’s call for inclusion in the Sorp Committee, the body that decides what information charities should include in its accounts, came in its submission earlier this month to a consultation on the committee’s work.

The submission said that the regulator used accounts data submitted to other charity regulators when calculating the amount owed in the voluntary annual levy.

Charities spending more than £100,000 a year on fundraising have been asked to pay the levy.

The submission said the regulator therefore had a vested interest in making sure the data contained in charities’ accounts was accurate and clear.

The submission also said that the regulator used accounts in its casework investigations to ensure charities complied with the Charities Act 2016.

The Sorp Committee was expanded last year to include all four charity regulators in the UK and the Republic of Ireland for the first time.

Other charity sector bodies, including the National Council for Voluntary Organisations, have called for greater diversity among the members of the Sorp Committee to include more people from outside the accounting profession.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:

Latest Charity Finance Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Charity property: could you be entitled to a huge VAT saving?

Charity property: could you be entitled to a huge VAT saving?

Promotion from Third Sector promotion

When a property is being constructed, VAT is charged at the standard rate. But if you're a charity, health body, educational institution, housing association or finance house, the work may well fall into a category that justifies zero-rating - and you could make a massive saving