New members are being sought for the committee that oversees the Charities Statement of Recommended Practice (the SORP).
The SORP is the set of rules which governs charity accounting for charitable companies and larger charities (charities with an income over £250,000). The main purpose of the SORP Committee is to identify potential changes to the SORP and advise the SORP-making body.
The role of a SORP Committee member includes the following:
- to contribute to the development of the SORP
- to ensure the SORP reflects good sector practice
- to ensure 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 5 years, however the plan is to change the composition of the committee to include a greater weighting from smaller charities, which make up the greatest proportion of users of the SORP, and to include more funders who have an interest in impact the sector has in transforming lives through charitable endeavour.
If you are an individual who has a passion for high quality financial reporting and accounting, and you would also like to be involved in writing the next SORP, then this position is for you.
Recruitment of this new committee will be undertaken by the Charities SORP-making body comprised of the UK and Irish charity regulators.