Charity Finance Directors Set Agenda for the Future

26th June 2002

The Charity Finance Directors' Group (CFDG) has today set out their Agenda for the future. Charity Management, the Way Ahead, is aimed at decision makers and opinion formers in Government and Charities.

Charity Management, the Way Ahead, asks Government to promote:
· A good working regulatory and fiscal environment in order for charities to be able to achieve their objectives
· Less red tape and unnecessary administrative burdens
· A supportive funding environment
· Trust and faith in the abilities of the charity sector
· A better working relationship with the charity sector

Charity Management, the Way Ahead encourages charities to maintain and develop a climate of public trust and confidence through improved communications and through adherence to, and promotion of, good practice.

The printing of Charity Management, the Way Ahead has been sponsored by Charity Investment Managers, Chiswell Ltd.

CFDG Director, Shirley Scott said "Charities are of continuing and growing importance to society as a whole. By design or otherwise, more and more activity previously undertaken by Government is being carried out by the charity sector. If charities are to meet the challenges of the new working partnerships with Government, there must be an acceptance of new responsibilities on both sides. At this opportune time the Charity Finance Directors Group have decided to set out some key principles for the future of the sector. These are long term goals and will require commitment from both Government and charities."

Amongst the recommendations in the Agenda, CFDG have asked Government to:
· Allow and encourage charities to be self-regulating wherever possible.
· Take steps to reduce charities' red tape and administration costs associated with unnecessary regulation.
· Support the core costs of charities when it commissions them to run services on its behalf.
· Remove the irrecoverable VAT burden of the charity sector.
· Work with key charity representatives to develop a formal self regulated system of reporting a mixture of financial information and non-financial information.

CFDG also recommend that, amongst other things, the Charity sector should:
· Take positive steps to raise the public confidence and trust in the management of charities.
· Come together to develop and support an effective self-regulatory regime which will help to further raise public confidence in charities.
· Implement and help spread good practice.
· Make their views known to Government when requested and when they perceive a need.

 

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