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Last updated: 23 November 2008
11 December 2007
A joint consultation by the Office of the Third Sector and the Charity Commission, reviewing the regulatory and reporting thresholds in the various Charities Acts launched today.
The proposals have been designed to achieve proportionate regulation, balancing the need to minimise regulatory burdens whilst maintaining a sufficient level of transparency and accountability. The 2006 Act raised a number of regulatory and reporting thresholds for charities, and simplified the framework. For example, several thresholds that applied to both income and expenditure were changed to refer only to income.
This review reflects a greater focus on risk and proportionality. While this does not mean that small charities should be exempt from all regulation, the review proposes a lighter touch approach to routine regulatory and reporting requirements for small charities. We believe that the application of a proportionate and risk based approach is a strong argument for change, without a loss of regulatory confidence.
Responses to the consultation are requested before Monday 31 March 2008. Further details and the consultation document detailing the Government proposals are available in the consultations section of the website.