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| VALUING
VOLUNTEERS REJECTED BY SECTOR'S LEADING CHARITIES |
14/04/04 |
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CFDG
members have rejected the group's proposal that charities include a value
for volunteers' time in their financial statements.
Responding to the proposal in the Inputs Matter report, the majority of
members either rejected the idea in principle or thought it impractical.
The findings did not dissuade the project's chairman, WWF deputy chief executive
Les Jones, however. "Respondents agreed in principle with most of the recommendations,"
he pointed out, "and many of the concerns associated with the valuing of
volunteers related to the practicalities of the proposal rather than the
principle."
Among the proposals endorsed by those responding to the consultation were:
- That clearer definitions of fundraising, support, management and administration
costs would be helpful
- The costs associated with statutory obligations, such as audit and filing
fees, should be classified and reported separately as "governance costs"
- There should be fuller disclosure of accounting policies, estimation techniques
and the bases of allocation/apportionment of costs across the lines of the
SOFA Allocation and apportionment policies should be determined in advance
of the year end and should be approved by trustees before being applied
Respondents, however, disagreed that an annual review should be developed
by charities for their supporters. The Inputs Matters report was published
last November and its proposals are intended to improve the quality and
consistency of charity annual reports, and the SORP review committee is
considering its recommendations.
CFDG now intends to seek funding to develop working examples of how the
recommendations could work, including the development of practical systems
for valuing volunteer time.
To see the original report and the results of the consultation, visit www.cfdg.org.uk/CFDG/positionpapers.asp
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