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| Government
unveils new guidance for third sector funders |
23/05/06 |
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New guidance for third sector funders has been published by the Treasury
in an attempt to clarify pressing issues for charities, including full cost
recovery.
The document, Improving financial relationships with the third sector:
guidance for funders and purchasers, revises earlier guidelines published
in September 2003. It aims to help government departments, non-departmental
public bodies and other funding organisations distributing public money
to the charity and voluntary sector.
It also offers advice on the timing of payments, stability in funding and
reducing bureaucracy, setting out principles which are consistent with the
Compact.
Meanwhile the National Audit Office has released a
web-based tool to guide funders and purchasers through a structured series
of decisions about the design of funding programmes, ensuring programmes
achieve their objectives while also complying with the Compact funding and
procurement code.
The toolkit can be found at www.nao.org.uk/better_funding
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