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Dozens of sector figures join engagement strands to advise on accounting rules

17 Aug 2020 News

The UK's charity regulators have named several sector experts who will help advise on the next set of accounting rules for the sector. 

They will help gather and share views from the charity sector on the Statement of Recommended Practice (SORP), to inform the work of the SORP-making body and the SORP advisory committee.

There are six engagement strands, which were created in July, which are: trustees; smaller charities and independent examiners; professional and technical advice; larger charities; major funders and donors; and academics and regulators.

A number of individuals have been appointed to sit on more than one strand.

Trustees and small charities

The trustee strand, which will be convened by Louise Thomson from the Chartered Governance Institute, has 10 members including Susan Coffey of CIMA, as well as the independent finance and accountancy expert Jonathan Grosskopf and Nicola Silverleaf from the Honorary Treasurers’ Forum.

Eighteen people will sit on the smaller charities strand, which is convened by Chris Bolt and will include Elizabeth Chamberlain, head of policy and public services at NCVO, and Katy Dee, an accountant at the firm Begbies.

No small charities are represented as organisations on this strand.

Large scale

Twenty-five people in total will sit on the two strands looking at professional and technical advice, which focus on the challenges when charities operate at large scale.

Those groups, convened by Roberta Fusco from the Charity Finance Group and Catherine Scott from the Institute of Chartered Accounts of Scotland, include Daniel Chan from Price Waterhouse Coopers, who also sits as a member of the SORP committee, and Jill Halford, head of charities at the accountancy firm BDO.

Representation from government and large charities

Tanya Hilbourne, from Marie Curie, and Ifran Umarji, from the Royal Society, both sit on the large charities strand, which is convened by Tony Ward, director of finance at The Wheel.

Six people will sit on the major funders strand, including Max Rutherford from the Association of Charitable Foundations, who is also a member of the SORP committee, and Catherine Monk, a representative of the Scottish government. It is convened by Sue Wilson who works at the Sir Jules Thorn Charitable Trust.

The academics and regulators strand is convened by Diarmuid McDonnell, a social scientist specialising in Scottish charities, and includes Daniel Fluskey, head of policy and external affairs at the Institute of Fundraising, and Sarah Broad from the think tank NPC.

The full list of appointees was published on Friday evening.

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