Wilkinson: small charity accounts need to be simplified

Helena Wilkinson, partner and head of charities at Price Bailey, takes a critical look at plans for a radical overhaul of charity accounting from stronger governance and an overhaul of membership of the SORP committee to bespoke accounting rules for smaller charities, following the Morgan governance review

The independent governance review report into the future of the SORP Committee has been published, so what should we expect next? Of the 36 recommendations raised in the independent report, which followed a nine-month investigation chaired by Professor Gareth Morgan, one of the most striking was that if the suggested reforms are implemented, ‘the SORP will be considerably more effective in future’.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Business | King’s Speech outlines closer trade ties with EU, less red tape

Business | Top 75 Firms Survey 2026: private equity drives growth and M&A surge

Finance | A decade on from Paris Agreement, will COP30 in Brazil succeed?

Business | Top 75 Firms Trainees Survey 2025: tech threats and funding cuts

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily