CFG’s SORP Survey

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June 21, 2016 at 12:56

In our previous blogs about the SORP CFG encouraged charities to be actively engaged in the consultation. It is important that charities help to shape such an important regulation document, especially during this current climate.

Is the SORP FRS 102 working for you?

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May 5, 2016 at 17:46

On the 4th May the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator (OSCR) published a research consultation on charities Statement of Recommended Practice (SORP) FRS 102.

Which SORP is right for you?

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April 5, 2016 at 17:05

Helena Wilkinson of Price Bailey weighs up the benefits and challenges for smaller charities that are deciding which SORP they should use, and provides some practical advice.

‘Professionalism’ is not a dirty word

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January 28, 2014 at 18:34

2014. I can’t quite believe that this is my fourth year working within the sector, but I’ve been sensing that the pressure on us as a ‘sector’ has intensified… Pensions. Pay. Investments. The way we do ‘business’. When I came to CFG in 2010, the biggest challenge taxing charity FDs was the uncertain economic climate. Now, broadly speaking, I believe that we’ve got to grips with this ‘new norm’. That’s not to say that all is rosy in the garden on the funding front, but rather that much of the contraction in our sources of income, biting so deeply after […]

Why charities need to respond to the SORP consultation

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October 17, 2013 at 12:11

Fraud, pledges and legacies represent just some of the key issues where the charity voice needs to be heard, says Richard Bray, Cancer Research UK. The Consultation period for the Exposure Draft of the new Charity SORP is nearly over.  This is now the crunch time as respondents finally decide what they will say in response to it.  But I can’t help but feel that far too few charities will respond.  Why is this? Perhaps it is because we feel that this is all too complicated for us and we will leave it to others and, in particular, professional firms […]

What’s really new about the new SORP?

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August 5, 2013 at 12:22

We haven’t had a new SORP since 2005, and in that time we have managed to bring in a whole new accounting framework in the UK.  Despite this, if you ask the average charity auditor what difference the new SORP is going to make day-to-day, the answer is likely to be, ‘erm, probably not much’. Many of the major issues that had the potential to de-rail charities were dealt with in earlier consultations on the accounting standards – such as valuing donated stock in charity shops.  It’s important to remember that the SORP only interprets and provides guidance on these […]