Charities in England and Wales that earn more than £1 million a year are required to make information about their fundraising practices in their Trustees’ Report. The Charities (Protection and Social Investment) Act of 2016’s rules govern this need, which goes above and beyond the SORP.
Charities and Trustees preparing this disclosure often ask what should be included in this disclosure and the Fundraising Regulator has now issued helpful guidance how charities can approach this and the kind of information that should be disclosed.
This will include:
- the method used for fundraising
- whether the charity is subject to any regulation
- how it keeps track of fundraisers
- the quantity of complaints regarding fundraising received; and
- the measures taken to protect those who are vulnerable.
This advice could be regarded as best practice even though it is not required for charities with an income of less than £1 million or other organizations raising money.