14 May 2015
Two-thirds of charities, surveyed by accountancy firm Baker Tilly, have said that they fear reductions in government funding in the 12 months following the election.
Sudhir Singh and Simon Erskine look at the implications of two new consultations on the accounting of charitable companies, and how these create further uncertainies over the new Sorps.
The two new Statements of Recommended Practice (Sorps) that will apply to all charities that prepare accruals accounts for years beginning on or after 1 January 2015, have been published today.
Pesh Framjee considers the practical impact of changes to the Sorp, with a particular focus on the important area of income recognition.
The process of recruiting charity trustees is “too opaque” and needs reform, the outgoing head of accountancy policy at the Charity Commission has said in an interview with Charity Finance magazine.
A giant of the charity sector, but an even greater friend. I am truly devastated that Dave is no longer with us.
Ray Jones steps down as head of accountancy policy at the Charity Commission this summer. He tells David Ainsworth how financial reporting has changed since 1992.
The charities Statements of Recommended Practice have been approved for
publication by the Financial Reporting Council, the Charity Commission
and the Office of the Scottish Charity Regulator announced today.
Might the two-Sorp regime be over almost as soon as it has begun? Helena Wilkinson thinks it is quite likely.