Technical roundup 14 June

Jun 13, 2019

Developments of interest this week are set out below.   

Ireland 

UK

  • The Fundraising Regulator has launched a new Code of Fundraising Practice which will come into effect in October 2019.The changes are designed to make it easier for fundraisers, charities and third-party organisations to understand the standards expected from them when fundraising.
  • The Financial Reporting Council (FRC) has conducted a review of the assumptions set within Actuarial Standard Technical Memorandum 1 (AS TM 1) that are mandated for use in the annual Statutory Money Purchase Illustrations (SMPIs).There is no change to the assumptions and the current version remains in force.
  • The Charities SORP governance review panel has published its final report making a number of recommendations on the development of charity reporting and accounting including that charities report their income under the SORP to meet public expectations.

European

International