17 December 2008
The OTS has published a revised guidance document to help charities, professional fund-raisers and commercial participators involved in fund-raising ventures, to comply with changes have been made to legal requirements. The OTS would like to thank those who submitted comments on the draft guidance.
The revised guidance highlights the key provisions that came into force on 1 April 2008 and provides some examples of fund-raising statements that in our view would satisfy the new requirements.
Fundraisers who are paid to raise money are be required to say up front to potential donors how much of each donation will go to charity and what proportion goes towards their own wages. Similarly, shops who donate a portion of the sale price on particular items to charity are required to state explicitly the extent to which a charity will benefit.
The guidance can be accessed below: