Charities SORP

Application guidance for charity accounting

SORP Committee meetings and papers 2014 to 2019

The SORP making body of the Charity Commission and the Office of the Scottish Charity Regulator is advised on the SORP by the SORP Committee. The SORP Committee was recruited by open advertisement and had members drawn from charities, academia, sector umbrella bodies and audit practitioners. The current Committee page hosts the agenda, minutes and public papers that relate to the development of the SORP framework subsequent to 1 January 2015.

SORP-making body announcements 2014 to 2019

Response to the Independent Review of the Financial Reporting Council 
June 2019: Initial consultation on the recommendations.

EFRAG’s Discussion Paper: Non-Exchange Transfers
April 2019: Views given on the discussion paper intended for-profit companies applying existing IFRS Standards.

FRED 71 letter and annex
March 2019: Response to FRC consultation on changes to FRS 102 relating to accounting for defined benefit pensions.

Governance Review of the SORP process

August 2018: Response to the independent review of the Financial Reporting Council (FRC).

November 2017: Annual Review of SORP (2017)

November 2017: Statement of aims and principles - 
This document sets out what factors will be taken into account in developing the next SORP and provides a frame of reference for our themed working groups looking at: tiered reporting, transparency, governance disclosure, and the needs of smaller charities.

October 2017: Response to FRC consultation on accounting for distributions

June 2017: Response to FRC consultation on changes to UK accounting

March 2017: Annual Review of SORP (2016)

Response to the FRC consultation on the triennial review and the approach to changes in IFRS

Research exercise on the Charities SORP - views were sought on changes that should be made to improve the Charities SORP (FRS 102). This consultation closed on 11 December 2016.

Response to the FRC on ideas for the triennial review of FRS 102

November 2015: Annual Review of SORP

November 2015: Response to IFRS Foundation Trustees’ Consultation: a not-for-profit accounting standard is proposed

November 2014: the SORP-making body submitted the following response to the FRC consultation on the Accounting Standards for Small Entities - Implementation of the EU Accounting Directive

A requirement of the Financial Reporting Council is that SORPS are kept under annual review and updated in line with changes to UK-Irish Generally Accepted Accounting Practice (GAAP). The work of the SORP Committee is to advise the SORP-making body on developing a SORP.

Concluding meeting of the Committee 12 September 2019

Agenda and papers 17 July 2019

Agenda and papers 7 March 2019

Agenda and papers 25 October 2018

Agenda and papers 19 July 2018

Agenda and papers 21 June 2018

Agenda and papers 8 May 2018

Agenda and papers 12 March 2018

Agenda and papers 10 January 2018 conference call

Agenda and papers 25 October 2017

Agenda and papers 9 August 2017

SORP research consultation - Committee deliberations

Agenda and papers 29 June 2017

Agenda and papers 2 May 2017

Agenda and papers 14 March 2017

Agenda and papers 14 December 2016

Agenda and papers 13 October 2016

Agenda and papers 6 July 2016

Agenda and papers 23 March 2016

Agenda and papers 3 February 2016

Agenda and papers 17 November 2015

Agenda and papers 14 October 2015

Agenda and papers 13 August 2015

Agenda and papers for conference call 26 May 2015

Agenda and papers for 18 March 2015 meeting

Agenda and papers for 6 February 2015 meeting

Agenda and papers for 11 December 2014 meeting

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