The Charity SORP (Statement of Recommended Practice) provides guidance for charities on how to apply financial reporting standards when preparing accounts. The 2005 SORP was updated in 2015 as a result of the introduction of Financial Reporting Standard 102 (”FRS102”) and now applies to all charities preparing accounts on the ‘accruals basis’ and charitable companies.
What the 2015 Charity SORP means for you
We have a range of guidance and articles to show how the SORP affects you and your charity. You can download our Comment On (pdf) which explains the SORP.
You can also see Euan Morrison, our Head of Charities, in three webinars on the 2015 charity SORP:
- The first session is focused on the Trustees’ Report. Click here to watch webinar 1.
- The second session is focused on the SOFA (Statement of Financial Activities) and Accounting Treatments. Click here to watch webinar 2.
- The final session is focused on the Balance Sheet and Notes. Click here to watch webinar 3.
Our news articles
- Charity SORPs update – February 2016
- Charity Accounts Update (SORP FRS 102 Information Sheet 1: Implementation Issues) – July 2017
- Charity SORPs update – February 2018