Finance: Toolkit will help to simplify Sorp

Accountancy firm Kingston Smith has created a free toolkit to guide charities through the requirements in the new Sorp to measure performance and achievements.

Sorp 2005, which was published in March, contained new reporting demands on charities, such as showing the costs of activities against the objectives they are intended to achieve.

Nick Brooks, head of not for profit at Kingston Smith, said: "The Sorp now requires charities to report on their achievements and performance against a predetermined set of criteria to allow them and their donors to assess their effectiveness.

"Many charities are concerned about the extra burden on their time and we have therefore created a toolkit to walk them through each step."

FACT FILE

A new toolkit from Kingston Smith helps charities deal with the reporting requirements in the new Sorp.

Sorp 2005, which came into effect in April, requires charities to be more transparent and accountable.

The toolkit takes charities through each stage of the planning and evaluation process, using real examples.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus