Northern Rock Foundation says closure 'inevitable'
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Northern Rock Foundation says closure 'inevitable'

22 Apr 2014 | Kirsty Weakley

The Northern Rock Foundation will close after it failed to reach a funding agreement with Virgin Money, the new owner of the Northern Rock bank.

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Northern Rock Foundation says closure 'inevitable'

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Sorp publication date announced

The Charity Commission has stated that it expects the new Sorp to be published by the end of June 2014, with it taking effect in 2015.

Jay Kennedy, director of policy and research at DSC

The Directory of Social Change has recommended to the Sorp Committee that grantmaking trusts should be obliged to provide details in their accounts and annual report of all grants they have made.

Rui Domingues chairs the CFG technical accounting forum

CFG opposes the proposal in the new Sorp that charities ought to be required to disclose the job title and salary of the highest earner within their accounts.


The evolving role of a charity finance director

With the Sorp consultation coming to an end, Andrew Hind discusses some of the challenges facing today's charity finance directors.  

Charities and social enterprises will get to scale in health - if they are given a chance. The improvements that they can deliver are huge.

» Philanthropy is in a 'sorry state' Ronnie Cohen tells charity leaders

Shadow Sorp Committee calls for clarification and more consultation

The Shadow Sorp Working Party has identified a number of areas in the draft of the new accounting framework for the charity sector “where an opportunity has been missed”.

Reserves policies in autism charities

Carole Claridge evaluates the reserves policies and practices of charities in the autism sector.

Sorp consultation: Lost in the fog?

The sector needs strong financial accountability, but the format of the proposed new Sorp is unlikely to deliver it, fears Don Bawtree.

Helena Wilkinson

Charity finance professionals that want to keep the existing Financial Reporting Standard for Smaller Entities should make sure they respond to the Sorp consultation, says Helena Wilkinson.

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