The Directory of Social Change has responded to the new version of the SORP.
The Statement of Recommended Practice, or SORP, translates internationally agreed accounting standards into rules and guidance that informs the preparation of charity accounts and trustee reports. The SORP is vitally important for charity transparency and effective regulation, but it has not been refreshed in some years. The Directory of Social Change has responded to a consultation by the SORP. Read the response and full details on preparations here.