Admin costs are dead
From today's Intelligent Giving blog:
"ADMIN COSTS ARE DEAD. With the new accounting system recommended by the Charity Commission ("SORP 2005"), which nearly all charities are now observing, it is now impossible to work them out - and we will drop them from our site in the New Year.
The change represents an over-reaction (presumably an uncontested one) by the voluntary sector's lobbyists. Clearly the public wasn't consulted about the new SORP; but the public wants at least *some* clue of how much is spent on support costs. Now it is not being told anything meaningful. Too misleading. You wouldn't understand. Forget it.
It's a pyrrhic victory and a big shame: it won't increase the public's confidence in charities; it will just make people more suspicious."
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