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SORPs - Accounts Guidance for Charities

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Many UK charities annual reports and annual accounts have to comply with the statement of recommended practice for charity accounts (Charities SORP).  For financial years starting in 2015 (which covers annual accounts and reports produced in 2016) some charities will have to comply with the new FRS 102 SORP, whilst others will have a choice between FRS 102 SORP and a FRSSE SORP, however financial years starting in 2016 will all have to comply with FRS 102 SORP.  For more information about SORPs and which is applicable to your charity please click here.  This information is from Sandy Adirondack’s legal updates for voluntary organisations. To subscribe to her emails, send details to [email protected].