Statement of Recommended Practice (SORP)

The Charities Sorp (Statement of Recommended Practice) provides accounting recommendations and sets out the format and content of charity reports and accounts. It is published by the Charity Commission in accordance with the Accounting Standards Board code of practice.

The current SORP was prepared by the Charities SORP Committee, a group of financial experts from the sector, in 2005 and its legal references were updated in July 2008. The Committee is now working on the next SORP which is expected to be published in 2010.