CIPFA retains charity SORP secretariat
CIPFA has been selected to continue providing secretariat support for the charities statement of recommended practice (SORP), working with the SORP-making body, and will provide support for the drafting of the statement’s future updates for at least another three years, following an open tender process
27 Feb 2019
Representatives from the three charity regulators in the UK (the Charity Commission for England and Wales, the Scottish Charity Regulator and the Charity Commission for Northern Ireland) make up the SORP-making body that develops the charity accounting framework.
The secretariat provides the technical drafting services to the SORP-making body, including handling consultations, servicing the advisory charities SORP-committee and developing consultation responses on behalf of the SORP-making body.
CIPFA has been providing this service since 2014 with an initial three-year contract extended for a further year while the contract was retendered.
Now the SORP-making body has awarded the contract to CIPFA for an initial term of three years from December 2018 with an option to extend for up to two more years. CIPFA was also awarded a related subcontract to provide a printing, publication, and distribution service for the SORP as part of an integrated service.
Don Peebles, head of policy and technical, CIPFA, said: ‘This renewed partnership provides an opportunity for CIPFA to use its expertise in providing advice and guidance on accounting best practice in the charity sector.
‘We look forward to continuing to support the development of the next version of the SORP, as well as other changes on the horizon for the newly extended SORP-making body.’
Report by Pat Sweet