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TS-FS-11 Trust & Stewardship Financial Stewardship CORE Compliance v2.9.7

Overhead (support/admin), fundraising and governance costs: separated, reasonable and transparent (SORP-aligned)

Assesses whether the charity defines and applies SORP-aligned cost categories (charitable activities, fundraising, support/admin and governance), allocates shared costs on a consistent basis, and keeps overhead at reasonable levels. Transparent methodology and context build donor trust and ensure efficient resource use. The criterion also assesses whether communications avoid simplistic “low overhead” claims and instead explain how appropriate investment in controls, safeguarding, and systems protects amānah and improves impact.

KPI / Measure
MetricOverhead ratios (Total vs Delivery-Adjusted) and fundraising efficiency
TargetRAG thresholds approved annually. Amber: >2pp movement YoY or >2pp above peer median. Red: >3pp above peer upper quartile or cost-to-raise-£1 deterioration >10%. Triggers management RCA.
FrequencyQuarterly internal; annual public
Method(1) Support/admin ratio (total) = support costs ÷ total expenditure. (2) Support/admin ratio (delivery-adjusted) = support costs ÷ (total expenditure minus pass-through/agency flows and grants payable). Include depreciation in relevant function. Exclude exceptional items but disclose underlying ratio. Reconcile to SOFA.
UnitPercentage; £ per £ raised
Maturity Levels
Level 1: Initial/Ad-hoc

Administrative and program costs are not formally separated. Spending is ad-hoc with no policy to guide cost allocation.

Level 2: Developing

A basic, informal separation of administrative and program costs exists, primarily for internal accounting. There is no defined policy, and overhead is high or unexplained.

Level 3: Established

A formal, documented cost allocation policy is in place and applied internally. The administrative cost ratio is calculated and monitored, with basic separation of restricted fund costs.

Level 4: Advanced

The administrative cost ratio is regularly reviewed by leadership, benchmarked against a defined peer set, and publicly disclosed with justification in annual reports (including s162A statement).

Level 5: Optimizing

The organization demonstrates leadership in stewardship with independent review of allocations, three-year trend reporting, segmented disclosure (unrestricted vs total), and clear zakat/restricted fund policies. Cost ratios are transparently reported and used to build exceptional donor trust.

Applicability

Organisation Types

ALL

By Organisation Size

SizeApplicabilityNotes
Micro exempt Receipts and payments accounting is sufficient; formal SORP alignment, cost allocation policies, and audited SOFAs are disproportionate.
Small partial Should track basic admin costs for transparency, but exempt from formal SORP accruals accounting and audited financial statements.
Medium partial SORP compliance is mandatory above £250k, but formal audited statements and complex cost allocation policies scale depending on exact income.
Large full
Major full

Applicable When

  • Organization is legally constituted

Not Applicable When

  • - The organisation has no material support/admin, governance, or fundraising costs (e.g., <£5k or <5% of total expenditure) and only passes through funds under agency arrangements; otherwise applicable.
  • If solely a fiscal intermediary, disclose gross vs agent treatment and present both gross and net ratios internally.

Discussion (1)

Administrator 2026-03-07 11:07:49.527985

📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Updated islamic_references from mizan-297.json

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