New members sought for body that advises on development of the Charities SORP

Nov 01, 2019

The Irish and UK charities regulators are seeking to recruit new members to the committee that oversees how charities should prepare their annual accounts and report on their finances.

The Charities Statement of Recommended Practice (SORP) provides guidance to charities on how to apply the financial reporting standards that apply in Ireland and the UK. The SORP is not a legal requirement in Ireland, but many Irish charities have voluntarily adopted it in order to follow best practice in relation to financial transparency.

The SORP Committee identifies potential changes to the recommended practice and advises the body responsible for SORP.

The role of a SORP Committee member includes:

  • Contributing to the development of the SORP;
  • Ensuring that the SORP reflects good sector practice;
  • Ensuring that the SORP is effective and distinguishes, as far as is reasonable and appropriate, between different parts of the charity sector.

The current committee has been in place for nearly five years. The intention is to alter the composition of the committee to include more representatives from smaller charities, who make up the greatest proportion of SORP users. The plan is also to include more representatives of those who fund charities.

Recruitment for this new committee will be undertaken by the Charities SORP-making body, comprised of UK and Irish charity regulators.

Further details can be found in this recruitment information pack. The closing date for applications is 22 November 2019. Existing committee members can reapply.

The SORP Committee itself is looking for individuals and organisations to form key stakeholder groups to help gather feedback and ideas for change. These groups will be asked to consider: 

  • What the information needs of SORP users are;
  • How far the SORP needs to change to meet those needs; and
  • Opportunities to simplify and remove unnecessary reporting and ensuring technical compliance with the UK-Irish Generally Accepted Accounting Practice (GAAP).

The individuals and organisations selected to participate will have an interest in charity financial reporting and the work of the sector. They will have the opportunity to work with the SORP Committee to make sure that their views are accurately captured by the Committee.

Source: OSCR, the Charity Commission for England and Wales, the Charity Commission for Northern Ireland and the Charities Regulator.
Published: 21 October 2019.