Mixed Response to new SORP

content: "Mixed response to new SORP04/10/04
The new SORP offers charities the opportunity to provide clearer and more focused information on fundraising, says the Institute of Fundraising (IoF) in its response to the consultation on the draft document.
It also welcomes the recommendations for more detailed disclosure requirements in the trustees� reports, the introduction of activity-based reporting and clearer guidance on cost-allocation, say the changes will benefit charities.
Andrew Watt, head of policy at the IoF, said: �The draft SORP is a step forward towards reporting fundraising in a more holistic manner that takes into account the varied nature of fundraising activities and its impact on organisations as a whole.�"