CIPFA to support charities SORP for further three years

28 Feb 19

CIPFA will continue to provide secretariat support for charity accounting rules after being awarded the contract for a further three years. 

The institute has held the Charities Statement of Recommended Practice - rules that govern accounting for charitable companies and larger charities with an income over £250,000 – contract since 2014.

Following and open tender process in 2018, the SORP-making body agreed to award 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, the government has said.

The SORP-making body is made up of three charity regulators in the UK: the Charity Commission for England and Wales, the Scottish Charity Regulator and the Charity Commission for Northern Ireland.

Don Peebles, head of policy and technical at 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.”

Office of the Scottish Charity Regulator’s, Laura Anderson, on behalf of the joint-chairs of SORP committee, said: “We are delighted to continue our partnership with CIPFA and very much look forward to the work we will carry out in developing the SORP to ensure it serves the charity sector well.

“This is a very positive continuation of our work with CIPFA and something that we are all very excited about – we are looking forward to the challenges ahead.”

CIPFA were also awarded a related subcontract to provide a printing, publication, and distribution service for the SORP as part of an integrated service.

The body was originally given a three-year contract in 2014, which was extended for a further year whilst it was retendered.

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