Sorp publication date announced

The Charity Commission has stated that it expects the new Sorp to be published by the end of June 2014, with it taking effect in 2015.

The Sorp-making body has said the consultation on the new Sorp, which came to a close on 4 November, had the highest participation to date of any Sorp consultation. Over 1,600 charity sector representatives took part in the 26 consultation events held by the body.

The four-month consultation held by the Sorp-making body, which comprises the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator, also produced more than 160 responses to the Exposure Draft Sorp.

Charity representatives responded to 25 questions detailed in the Invitation to Comment document, which can be downloaded at

A new charities Sorp is needed as part of the changes to the UK Generally Accepted Accounting Practice that take effect in 2015. These changes will mean the current Sorp, Sorp 2005, will become outdated.

It is anticipated that compulsory approval from the Financial Reporting Council will be obtained by the end of May 2014. The new Sorp will then be published on the Sorp microsite by the end of June.