Charities SORP

Application guidance for charity accounting

Meeting of the Charities SORP-making body

Conference call - 22 February 2021


Joint Chairs:
Laura Anderson, Office of the Scottish Charity Regulator (OSCR)
Nigel Davies, Charity Commission England and Wales (CCEW)
Damian Sands, Charity Commission for Northern Ireland (CCNI)

In attendance as observer(s):
Jelena Griscenko, Charities Regulator (CR)

Jane O’Doherty, Financial Reporting Council (FRC)

Purpose of the meeting:

The meeting was convened to discuss the feedback from the first of the February SORP Committee meetings to consider the findings from the exploration stage of the SORP development process and to prepare for the second meeting.

Agreed actions from the meeting:

  • Noted that of the eight matters to be taken forward from a reader of the accounts perspective one would be captured later this year by the planned submission to the FRC on changes to UK-Irish GAAP standard FRS 102
  • The request for sub-groups of the Committee be considered as part of the later reflection and problem solving stages
  • An updated timeline paper be prepared (OSCR)
  • That a paper on the options for progressing the next two stages be prepared (CCEW)
  • That a paper on options for getting feedback on the process so far be prepared (CCEW)
  • All three papers be tabled at the joint meeting in March of the SORP engagement convenors and SORP Committee which concludes the exploration stage