At a crossroads
Angela Haynes reviews the SORP’s history and hopes that any convergence in accounting standards retains its learning and achievements
Although it feels as if the charity statement of recommended practice (SORP) has been around for a long time, in fact it came into being only in 1996 as a result of regulations made under the Charities Act 1993. It was intended to provide a framework for charity accounting and reporting to overlay the UK generally accepted accounting principles (UK GAAP). The evolution of its unique role in providing guidance in the application of accounting standards to UK charities with incomes of £250,000 and above is reflected in the SORPs of 2000 and 2005 and SORP compliance is now expected of charity accounts.
Author: Angela Haynes
Angela Haynes joined CFDG as policy manager in August 2009 after living and working in Brussels for four years. Her career in the voluntary sector has spanned 20 years incorporating roles with BOND, HelpAge International, Minority Rights Group International, a local women’s NGO in the Dominican Republic for CIIR (now Progressio), and the World University Service (now Education Action).
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