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."


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.

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