The group, which specialises in providing services and training to the finance function of charities, issued this plea in response to a Whitehall Performance and Innovation Unit Review of the charity sector, currently being headed by Baroness Morgan.
Shirley Scott, chief executive of the CFDG said: ‘The Charity Finance Directors’ Group wants to see strong self-regulation which can raise the public’s confidence in the management of the charity sector.
‘Burdensome regulation will lead to higher costs and reduced efficiency for the sector whilst doing nothing to raise public confidence in the management of charities.’
The CFDG said it should be empowered to play a greater role in financial and reporting activities, currently the task of the Charity Commission.
It also said joint guidance supported by the Inland Revenue, Customs and Excise and the Charity Commission would be useful in a variety of policy areas.
The PIU report on charities is due out this winter.
Mark McMullen joins the private client services team from Smith & Williamson
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The firm reports 7.6% global fee income growth for the year ending 31 December 2016