Registered Political Parties are strictly regulated by the Electoral Commission. The rules relating to financial income are complicated and require loans and donations over stipulated thresholds to be reported to the Commission. During Election periods the rules are even stricter and the reporting threshold is lower. Failure to comply will result in confiscation and fines for the Party.
Parties are also required to adopt a procedure for donations and loans to meet the requirements of the Electoral Commission with regard to accepting permissible financial contributions from people or organisations that must be registered in the UK. Amounts in excess of £500 require checks to be carried out. There are regulations for reporting amounts in excess of £1000 and £5000 which must be reported to the Commission monthly and quarterly.
Resurgence has adopted a policy whereby the Party will not enter into any loan arrangements or connected transactions whatsoever.
A procedure for dealing with donations has also been adopted.
Donations up to an aggregated yearly amount of £500 will be accepted without the need to check that the donor is recorded on the Electoral Register or based in the UK.
Offers of donations above £500 will be investigated and the necessary checks carried out.
Donations over £500 and up to £5000 will be reported to the National Executive Committee for a decision on acceptance. Offers of donations over £5000 will be reported to a General Meeting of the Party for a decision on acceptance.
These procedures will ensure that we are fully compliant and acting lawfully.
Resurgence will be pleased to receive your donation up to the amount of £500 in each year, either by a single payment with cheque made payable to Resurgence or by instalments. The Party bank details will be provided on request if it is intended to set up a standing order.
Offers of donations over £500 should be made in writing to the General Secretary and Treasurer.
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