§ Lord Mason of Barnsleyasked Her Majesty's Government:
What plans they have to alter the Charity (Accounts and Reports) Regulations 1995. [HL1179]
§ Lord Bassam of BrightonA clear framework for charity accounting is important for the public's confidence in the integrity of charity. In general, the 1995 regulations have worked well. My right honourable friend the Minister of State at the Home Office (Mr Boateng) is today publishing a consultation document about how to keep the regulations up to date. The proposed changes reflect the new exposure draft of the statement of recommended practice (SORP) for accounting by charities, as well as proposals for some charities that follow other SORPs. My right honourable friend would welcome views by 30 April.
I have arranged for copies of the consultation document to be placed in the Library.