Grant-making charities in the UK will face increased administration costs because of the decision by the Payments Council to phase out cheques by the end of 2018, according to Third Sector UK.
As an example of how charities will be affected, the RL Glasspool Charity Trust, an organisation that gives money to people suffering hardship, made about 3,300 small grants totalling £860,000 last year, of which more than half were payments by cheque.
The charity has written to the Payments Council pointing out there are 2,200 similar trusts making payments worth £300m a year to individuals.
“Clearly the withdrawal of cheques may well cause charities like ourselves some considerable difficulties,” the letter says.
For more information, see the full article at Third Sector UK.
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