What is the Charity SORP?

The Charity Statement of Recommended Practice is mandatory for all charities – regardless of size. It is a 200-page A4 document of additional reporting requirements that are layered on top of FRS 102.

Unfortunately, and unintentionally, the SORP is ambiguous and poorly written.  Complying with the SORP creates financial reports which are overly complex and fail to inform the normal reader.

But that does not matter, although you may not like the SORP as a charity treasurer or advising accountant, you must comply with it. Sorry.

However, help is at hand.  We are publishing the “The Plain English Guide to Implementing the Charity SORP” at the end of the year with a RRP of £20.