Assessing your charity's solvency for Sorp 0

Governance | Don Bawtree | 19 Feb 2010

Being realistic in tough times

Trustees are required make a realistic assessment of their charity’s solvency, whenever they issue accounts under the Sorp (Statement of recommended practice).

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Assessing your charity's solvency for Sorp

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From 1st October 2009 every director must provide the registrar of Companies House with both their usual residential address, and for each directorship they hold, a service address.

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In many charities, trustees seem to forget the principle of collective decision-making and collective responsibility when it comes to financial matters.

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This article considers the impact of the Charities Act 2006 (the Act) and recently updated Charity Commission guidance on various aspects of trustee remuneration. It also touches briefly on the position...

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