Singapore legislation
Regulation 6
Regulation 6
Fund-raising appeal records
Subregulation 1
The president, secretary and treasurer (or other officers holding analogous positions) of every registered society which conducts a fund-raising appeal shall —
keep or cause to be kept proper accounts and other records of the fund-raising appeal; and
do all things necessary to ensure that all payments out of the proceeds are correctly made and properly authorised.
Subregulation 2
All books of accounts relating to the fund-raising appeal shall be prepared and kept by the registered society on a basis consistent with generally accepted accounting principles, standards and practices.
Subregulation 3
Without prejudice to paragraph (1), every registered society which conducts any fund-raising appeal referred to in that paragraph shall, in particular, maintain records as to —
the name of each person authorised to participate in the fund-raising appeal;
the dates on which the fund-raising appeal commenced and concluded;
the gross proceeds received in response to the fund-raising appeal;
the net proceeds applied to the purpose for which the fund-raising appeal was conducted and the means by which they are distributed; and
the items of expenditure disbursed from the proceeds.
Subregulation 4
The president, secretary and treasurer (or other officers holding analogous positions) of every registered society shall, within 60 days of the conclusion of any fund-raising appeal referred to in paragraph (1) or within such extended period as may be allowed by the Registrar, furnish to the Registrar a statement of accounts (income and expenditure and balance-sheet) relating to the fund-raising appeal audited by the society’s auditor.
Subregulation 5
The president, secretary and treasurer (or other officers holding analogous positions) of a registered society who fail to comply with any requirement of this regulation shall each be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000 and, where the offence is a continuing one and relates to the failure to submit the statement of accounts within the stipulated period, to a further fine not exceeding $100 for every day after the first day during which the offence continues after conviction.