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Charity Finance SORP Survey
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1.
Please enter details about yourself and your organisation:
(Required.)
First name
Last name
Job title
Charity
Charity's annual income
Email
2.
Is the Charities SORP fit for purpose?
Yes
No
3.
The four charity regulators across the UK and Ireland make up the SORP-making body, which is responsible for creating the Charities SORP. According to the terms of reference for SORPs issued by the FRC, the SORP-making body should be “representative of the sector” it is working for. Do you believe the regulators are the right bodies for the role?
Yes
No
Unsure
If you have any further comments on this please do so here:
4.
How easy is the Charities SORP to apply in practice?
Very easy
Fairly easy
Neutral
Quite difficult
Very difficult
5.
What would you like to see added to the next version of the Charities SORP?
A tailoring to charity size
More guidance on narrative reporting issues like environmental reporting
Include receipts and payments accounting
FRS 102 sections so that we don’t have to refer to SORP and FRS 102 separately
Sector specific guidance, eg academies and PCCs
Example lay outs
Other (please specify)
6.
Should the Charities SORP focus more on how a charity achieves charitable impact rather than on presenting financial information?
It should focus more on charitable impact
It should maintain the current balance
7.
Do you feel that complying with the Charities SORP is too time consuming?
Yes
No
8.
In total, how many days of work do you think goes into producing your charity’s annual report and accounts (adding together contributions by different staff members, volunteers or advisers)?
0-5 days
5-20 days
20-50 days
50-100 days
100+ days
9.
There are plans to develop an international accounting standard for not for profits (including charities). Are you in favour of this?
Yes
No
Don’t know
10.
If you have any further comments on this, please make them here:
