Charity SORP (Statement of Recommended Practice)

The Charity SORP (Statement of Recommended Practice) is a set of guidelines that charities follow to ensure their financial reporting is clear, consistent, and transparent. It helps charities present their financial information accurately, showing donors and regulators how funds are raised and spent. The SORP covers best practices for accounting, reporting income and expenses, managing assets, and governance. By adhering to these standards, charities demonstrate accountability and build trust with supporters, stakeholders, and the public. It’s a professional framework designed to promote clarity and uniformity in how charities communicate their financial activities.