1. ACIE Charity Commission update 2016.
Jeff Prescott
Accountancy Services

2. Update content
SORP
Directions
Matters of Material Significance
Accounts Quality
Public Benefit
2016 Act
CC20

3. SORP
consultation on the SORP micro-site
extended consultation runs until 11 December 2016
results of the SORP research exercise will be published by mid-2017

4. Directions
Consultation runs until 3 September 2016
new approach to ‘should’
new style of examiners’ reports proposed
revised guidance on when to report matters directly to the commission

5. Matters of Material Significance
proposed new list of material matters
consultation runs until 11 September 2016
any other matters to be included?

6. Accounts Quality
Random sample of 109 charity annual reports
77% of accounts submitted were judged to be of ‘acceptable quality’ (up from 68%)
Not a SORP compliance checklist

7. Public Benefit
Same sample
Just 45% met the public benefit reporting requirement
The new SORPs (accounting periods beginning on or after 1 January 2015) place greater emphasis on public benefit reporting within the annual report.

8. 2016 Act
agreements with professional fundraisers and commercial participators,
new requirements about the information relating to fundraising to be included in larger charities’ annual reports
new power for charities to make social investments,
new powers for the Commission, including disqualification

9. CC20
Charity fundraising: a guide to trustee duties
Annex 1