SORP, which stands for statement of recommended practice, is the standard by which charities audit and report their accounts. The consultation closes for comment on 11 December, with views being sought on structure, format and accessibility; implementation issues that require improvements to … Read more about Scotland’s charity regulator wants to know how SORP can be improved as part of a wide ranging consultation taking place with England and Wales’ Charity Commission.
The Small Business and Enterprise Act came into force in 2015 affecting all companies and LLP’s in the UK. The act aims to streamline company regulation and make it more transparent. The main update is the requirement for a register of any persons with significant control (PSC). If your social … Read more about The Small Business and Enterprise Act
A common query for us at Senscot Legal is whether a social enterprise can be a charity or if a charity can become a social enterprise. The answer is, yes and yes! It is important to note though that a charity is a charity first and foremost and the social enterprise activity must comply with … Read more about Is charity status right for you?