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Choosing the correct Sorpaid VT Charity template
December 28th, 2016

Choosing the correct period.

The applicable SORP is based on the COMMENCEMENT date of the accounting period NOT the END DATE.

For accounting periods commencing BEFORE 1st January 2015, you use the 2005 SORP as modified in 2008. To all practical purposes, this is now redundant.

For pe...

What are the SORPS? What is FRS102 SORP, and FRSSE SORP?
January 4th, 2016

Accounting standards are set on an International Basis, and implemented in the UK by the Financial Reporting Council, (The FRC). Accounting standards lay down how different transactions should be accounted for and reported upon, so that any set of accounts can be compared on a ‘like for like’ ba...

New Sorpaid Shop website launches
December 31st, 2015

We are pleased to announce the launch of our new Sorpaid Shop website. The new site is designed to help our customers to more easily navigate through our products, access technical support information and view the latest Charity Accounting and SORP news. Existing customers can continue to use their...

Increase in charity audit thresholds
February 19th, 2015

Following a short consultation period, the Cabinet Office have announced  that it intends to pursue the following proposals to increase in charity audit thresholds (for charities registered in Englan...

What happens in 2016? Confusion in charity circles
October 1st, 2014

God said let Newton be and all was light and certainty. God said let Einstein be and all was dark again. The new SORPS effective for accounting periods beginning on or after 1st January 2015 (with early adoption not possible) introduced clarity into charity accounting, underpinned by two SORPS, one...

New SORPs published today!!!
July 16th, 2014

The new SORPs (Statement of Recommended Practice for Reporting by Charities) have, at long last been published. There are two new SORPs, one for use with the FRSSE and one for use wit FRS102. The full texts, and an interactive tool to choose which modules should be used can be found on www.charitys...

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