The Charities Aid Foundation has sold its professional fundraising arm to a new payroll giving company set up by the directors of Bell Fundraising.

CAF announced this week that it sold Sharing the Caring, the payroll promotion company which the organisation bought from a consortium led by Help the Aged in 2005, to J & H Payroll Giving for an undisclosed sum.

J & H was incorporated last October by the directors of Bell Fundraising with the specific aim of buying Sharing the Caring.

At the time of sale nine employees were working in Sharing the Caring and will be protected under TUPE. The company is profit-making, Civil Society was informed, and serves around 100 charity clients, promoting payroll giving to more than 300 organisations.

All clients and employees have been offered to move over to J & H.

J & H, which was incorporated by Johanna Wright and Helen Wasey, the directors of Bell Fundraising Limited, describes itself on its website as a “comprehensive payroll giving fundraising service”.

Wright said that the company hoped to build on Sharing the Caring’s reputation and that the company are “firmly committed” to taking the new acquisition, as well as Bell Fundraising and Bell Donor Management “into a further era of growth and stability”.

Wasey said that Bell is at the right stage of development to take on the added scale that the acquisition will bring.

Wright added that J & H will be kept separate from Bell Fundraising due to the different approaches toward payroll giving taken by Bell and Sharing the Caring.