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Fund-raising expenses

Charities (Institutions of A Public Character) Regulations

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—(1) The total fund-raising expenses of an institution of a public character for the financial year ending on or after 1st April 2008, and for every subsequent financial year, shall not exceed 30% of the total receipts from fund-raising and sponsorships for that financial year, as determined by the following formula:where Erefers to the total expenses relating to fund-raising for the financial year, including —(a)direct and material indirect expenses of any kind; and(b)payments made to commercial fund-raisers engaged by the institution of a public character,but excluding, in a case of the sale of goods by or on behalf of the institution of a public character for fund-raising (and not trading), the cost of the goods sold;R refers to —(a)in a case of the sale of goods by or on behalf of the institution of a public character for fund-raising (and not trading), the total receipts from such sale (after excluding only the cost of the goods sold); and(b)the total gross receipts from any other fund-raising for that financial year; andSrefers to —(a)the total amount of sponsorships in cash received by the institution of a public character relating to fund-raising for that financial year that is conditioned upon the provision of direct or indirect commercial benefit to the sponsors; and(b)the total cost or value of sponsored property, goods and services for which tax deduction receipts are issued relating to fund-raising for that financial year.(2) The computation of the formula in paragraph (1) shall be done in accordance with such directions as may be issued by the Commissioner relating to the manner of computation of the various items in the formula.

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