More than just stunning the sector and public at large, the top-up scandal highlighted the need for charities to demonstrate financial transparency. Charities should dedicate sufficient time to the proper administration of the charity and contrary to the popular assumption that money spent on administration is wasted, research has shown that charities which invest more time and resources on administration perform better.[ref]) Good Charities Spend More[/ref]

Adopt the Charity SORP

The Charities SORP (Statement of Recommended Practice) provides recommendations for on how accounting standards should be applied in the context of charities and how to account for charity specific transactions. The aim of a SORP is to bring consistency of accounting treatment within a particular sector and to facilitate accounts to be prepared to give a ‘true and fair’ view.

To date, a small minority of charities have adopted the charity SORP. Boardmatch would strongly recommend that to bring transparency and consistency to the financial reporting procedures in Ireland, all charities should adopt the SORP if they have not done so already.  For further information, please visit:

Establish a Remuneration Committee

A remuneration committee will ensure that the remuneration arrangements of a charity are open, fair and transparent. Specifically, the committee will deal with remuneration for senior staff and salary performance reviews to ensure that salary aligns with performance.

Remuneration committees are not always necessary for smaller charities. Boardmatch would advise that any organisation with a turnover in excess of €1 million should however have a remuneration committee in place.

Sign up to the Statement of Guiding Principles for Fundraising

The Statement of Guiding Principles for Fundraising provides best practice guidelines on the administrative and operational aspects of charity fundraising. For more information, visit: