29 Oct 2013
Acevo chief executive Sir Stephen Bubb has said the Charity Commission will have to get better at regulating the sector before charities would be prepared to supplement its income with fees.
The Financial Reporting Council, which oversees financial reporting in the UK and Ireland, yesterday agreed that the proposed new charities Sorp can be issued for consultation with the sector.
The new version of the charities Sorp, which governs the way charities draw up their trustees' reports and accounts, is on the agenda for approval at tomorrow's meeting of the Accounting Council.
The Financial Reporting Council has today issued FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland, following several delays.
The FRS 102, the proposed new financial reporting standard for all organisations in the UK and Republic of Ireland, will be published in the next couple weeks.
These enormous sums, apparent lack of process or control, the impression of pals lining each others' pockets, and dissemblance (at best) combine to look more than scandalous.
We need a new approach to accounting for total-return investing, says the Nuffield Foundation's James Brooke Turner.
Ian Bucknell urges charities to question whether their expenditure on annual and impact reporting is really effective and worthwhile.
The Charity Commission could develop a trustees guide to using the Statement of Recommended Practice when the new version is introduced in 2015, as part of plans to help charity boards understand financial risk management.