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FRS 102 SORP 2015 (SORP 2019 modification) NI - Multi Bundle

Price : £150.00 | Product Code : FRS102 20 NI Multi version 20.01 12/01

COMPLYING WITH THE LAW IN NORTHERN IRELAND - Unlimited one year licence for all forms of charity in Northern Ireland (Except consolidated accounts).

The templates apply for accounting periods commencing on or after 1st January 2019 but may be adopted early - although we would not recommend early adoption).

In many cases, this means they apply to accounting periods ending on or after 31st December 2019.

Templates for periods before this are available on the Sorpaid shop, under Bulletin 1 Products.

Video Help.

The templates have extensive video files showing how they are installed and how they should be used. These can be viewed before purchase by clicking on the link Video Help

The bundle

If you buy a bundle, there is no need to buy SINGLE charity templates, as they are all included in the bundle - unless you plan to use the single template on a different computer which will need a separate licence.

This bundle includes templates to prepare accounts for charities in Norrthern Ireland, according to the FRS102 SORP 15 (in its modified version following the SORP 2019 edition 2 October 2019), in compliance with the charity legislation in Northern Ireland, and related regulations, for the following categories of charities:-

Large charities (these are charities with gross income in excess of £500,000)

With Endowment funds
Without Endowment funds

Small charities (these are charities with gross income below £500,000)

With Endowment funds
Without Endowment funds

The modified version of the FRS102 charity SORP, applicable from 1st January 2016, changed the definition of small charities. In the unmodified version that applied before this date, smaller charities were defined as those not subject to statutory audit. In the modified version, small charities are now defined as those with gross income below £500,000.  There are also some changes in the modified version relating to the mandatory accounting treatments that should be followed.

Legal format of charities

These templates are for all legal formats, such as companies limited by guarantee, CIOs, unincorporated charities or Registered Societies, but not consolidated group accounts, for which there is a separate template.

Other information

These templates are used to prepare a FRS102 SORP 15 (Edition 2 - October 2019) compliant set of accounts. They work in conjunction with VT Accounts Production Software, and require a good working knowledge of Excel and VT software.

One user of our SORP  templates, said:-I would happily tell people how great your software is! ... How anyone would ever consider preparing charity accounts without it, is a mystery to me. It would be nigh on impossible, I believe!

The products in this category are for unlimited use for an unlimited number of charities on one computer for one year from the date of purchase. The templates cannot be used after one year, unless a renewal licence fee is paid.

If a purchaser has an existing licence for the template bundle, the modified FRS102 SORP 2015 (as modified by Bulletin 1 in 2016), then when purchasing this new bundle, the old licence for the former templates will automatically be extended, free of charge, until the anniversary of the purchase of the new bundle.

For new purchasers who do not have an existing licence for the modified FRS102 SORP 2015 (as modified by Bulletin 1 in 2016) and who may wish to use the former templates in the transition period, we will supply a discount code enabling you to purchase the former templates for a nominal £10.

If you want to use the templates on more than one computer, then significant discounts are available for additional licences, and you should contact Sorpaid for details.


No. of Licences

Product Overview
The STEPs Process & HELP file
How the templates work
Resources and prices

Templates for charities operating in Northern Ireland

The accounting periods for which these templates can be used are described in the descriptive section above.

Unlimited one year licence for all forms of charity in Northern Ireland(Except consolidated accounts).

Use of these templates

This version of the product is for use for an unlimited number of charities of all types. If you require templates for use for a single charity ONLY at a discounted price then look for Single Charity templates on the Products tab.

Both the individual FRS102 (NI) templates are included in this multi charity version, the version for charities with endowment funds, and those without.

The accounts consist of a Trustees Annual Report, a Statement of Financial Activities, an Income and Expenditure Account, a Balance Sheet, a Cash Flow Statement (if required) and related notes and schedules. Throughout the templates there are HELP! links to the relevant disclosure requirements of the SORP, and links to a library of publications and reference material on the internet. There is comprehensive guidance on law and practice.

The user prepares the accounts by following a STEPS process which is described on the STEPS tab on these product details.

There are optional extra templates for consolidating a group of charities. Details of these can be found under Consolidated Charity templates on the Products tab.

The templates are NOT for bookkeeping purposes - they are for final accounts preparation in SORP compliant format. A user comes to the templates with a finalised Trial Balance prepared from a bookkeeping system, and the template turns this TB into a set of statutory accounts.

IXBRL – We are often asked how to prepare IXBRL accounts to submit to HMRC. The answer is that you do not need to. All charities with gross income of less than £6.5 million are exempt from IXBRL requirements and can file pdf accounts with HMRC,  provided the attached computations are in IXBRL, and must file SORP compliant accounts on paper with Companies House.

Knowledge required and technical support.

Because it is assumed that many users of these templates not only have a good working knowledge of Excel and VT, but also are qualified accountants, then the help and support on the charity accounting technical aspects of these templates is limited. We are very willing to offer detailed telephone support on initial installation, and advice on technical difficulties with the operation of the software itself. In practice, as the templates are Excel based, we have found that very rarely has there been the necessity for any detailed support of this nature, although on occasion we have referred users to VT for help with aspects specific to VT Software.

However, in the past, we have found that, because of the specialised nature of charity accounting, many users of the templates feel they need the benefit of technical charity accountancy assistance.

Peter Brown & Co are able to offer an annual retainer for telephone support on technical charity accounting matters for £130 per annum. This will entitle a user to up to four hours technical discussion per annum. On more complex matters specific instructions would be taken -  See the advice section of the Sorpaid Shop. If any user who did not take advantage of the annual retainer to provide assistance on technical accounting matters, Sorpaid reserve the right to charge a professional fee for the time engaged. Any purchaser of the templates would be advised when it was felt that a fee basis would be appropriate and the fee basis would be discussed and agreed before proceeding

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