The Charity Commission for England and Wales (CCEW), the Office of the Scottish Charity Regulator (OSCR) and the Charity Commission for Northern Ireland (CCNI) are authorised by the Financial Reporting Council (FRC) as the SORP-making body and as such take the responsibility for organising the SORP review, drafting any revisions and undertaking the consultation process. In making recommendations, the Commission and OSCR are expected to act on the recommendations of an expert committee - The SORP Committee.
Membership of the SORP Committee is drawn from all jurisdictions preparing accounts under UK-Irish Generally Accepted Accounting Practice which have a charity regulator. To be representative the Committee desires members from charities, charity umbrella groups, funding organisations, accountancy firms, and academia. Members with non-accounting backgrounds are also welcome.
Following the recent recruitment exercise accrued out in November 2014, the SORP-making body appointed the membership of the new SORP Committee with 17 Committee members drawn from the 4 charity law jurisdictions covered by UK-Irish GAAP.
Please note expenses to attend SORP Committee meetings are only paid to representatives drawn from charities, academia and small sector umbrella bodies.
Each SORP is developed by the SORP Secretariat and then its contents are peer reviewed by the SORP Committee. The recommendations of a SORP are then tested through extensive consultation before its recommendations are finalised and published.
Agenda, Minutes and Papers of the New SORP Committee
The agenda, approved minutes and those papers released for public view are published subsequent to each meeting. View the agenda, minutes and papers online.
SORP-making body announcements
August 2018: Response to the independent review of the Financial Reporting Council (FRC)
November 2017: Annual Review of SORP (2017)
November 2017: Statement of aims and principles -
This document sets out what factors will be taken into account in developing the next SORP and provides a frame of reference for our themed working groups looking at: tiered reporting, transparency, governance disclosure, and the needs of smaller charities.
October 2017: Response to FRC consultation on accounting for distributions
June 2017: Response to FRC consultation on changes to UK accounting
March 2017: Annual Review of SORP (2016)
Response to the FRC consultation on the triennial review and the approach to changes in IFRS
Research exercise on the Charities SORP - views were sought on changes that should be made to improve the Charities SORP (FRS 102). This consultation closed on 11 December 2016.
Response to the FRC on ideas for the triennial review of FRS 102
November 2015: Response to IFRS Foundation Trustees’ Consultation: a not-for-profit accounting standard is proposed
November 2014: the SORP-making body submitted the following response to the FRC consultation on the Accounting Standards for Small Entities - Implementation of the EU Accounting Directive