Posts Tagged: Sorp

The new Sorp misses a trick

It feels a long time ago now that the Charity Commission launched a consultation, in summer 2013, on a new draft of the Statements of Recommended Practice for charities’ accounts.

The not-for-profit sector has undergone some difficult times in recent years, and has changed a great deal in the 18 or so months since the consultation launched. So there’s certainly a debate to be had about whether the new Sorp is fit for purpose and whether it addresses the developments of the last two years, such as increased demands on public trust in the sector. Two of the biggest issues the public have in regards to the charitable sector – whether donations are reaching the end user, and whether donations are being used to fund large salaries at the top of the organisation – are firmly finance issues. Read more on The new Sorp misses a trick…