New Charities SORP development process announced
17 Sep, 2019
The Charities SORP-making body has announced a new process for developing the next Charities SORP.
The SORP-making body, which comprises the Charity Commission for England and Wales, the Office of the Scottish Charity Regulator and the Charity Commission for Northern Ireland, plans to engage with stakeholders earlier in the process of developing the SORP to ensure that any changes best meet user needs. As part of this focus on increased engagement, seven stakeholder groups will be convened as 'engagement partners', to include trustees, preparers, professional advisers, major donors, academics, government and public interest proxies.
A new, smaller SORP committee will also be formed, comprising 12 members rather than the previous 16 and including a greater weighting of members from smaller charities.
A summary of the process can be found on the Charity SORP website.