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The cross cutting review of the Role of the Voluntary and Community
Sector in Service Delivery recommended that Treasury publish Guidance
to Funders, to clarify what is and is not permitted under Government
Accounting as it applies to the voluntary and community sector (VCS).
The cross cutting review found that often there is a lack of consistency
in the interpretation of Government Accounting Rules, and a widespread
perception that so-called "Treasury rules" are inflexible.
The Government realises that getting the funding relationship right
is increasingly important if the financial stability of service delivery
organisations is to be assured, and if government can look confidently
to the voluntary and community sector to deliver services.
The guidance is intended to help government departments, non-departmental
public bodies (NDPBs), and other funding bodies themselves distributing
public money to voluntary and community organisations. It will also
be of interest to the VCS, who as recipients of funding, can be able
to better understand the considerations that funding bodies need to
bear in mind during the funding process.
The document addresses two specific issues:
- It clarifies what Government Accounting says about the timing
of payments by funders to voluntary and community organisations
(responding to recommendation 19 of the cross cutting review).
- It explains the opportunities for moving to more stable funding
relationships between funders and voluntary and community organisations
(responding to recommendation 21 of the cross cutting review).
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format. To view them, you may first need to download a free copy of
the