SORP FRS102 2015 (as modified in 2016) - Multi Bundle

THESE PRODUCTS MUST NOT BE USED FOR ACCOUNTING PERIODS COMMENCING ON OR AFTER 1ST JANUARY 2019 (in most cases this will mean they cannot be used for accounting periods ending 31st December 2019 or thereafter) - see the new updated SORP Edition 2 templates

FRS102 SORP 2015 (as modified in 2016) - Charity Accounts - Sorpaid VT Templates

To use these products, users must have the VT Accounts Production Software add on to Excel installed on their computer. Excel must be Excel 2003 or higher, but not in the 64 bit edition. Any Windows operating system from Windows XP or above will be suitable.

These templates are used to prepare a FRS102 SORP 15 compliant set of accounts (in the modified form introduced by the February 2016 SORP Bulletin). They work in conjunction with VT Accounts Production Software, and require a good working knowledge of Excel and VT software.

The templates normally apply for accounting periods commencing on or after 1st January 2016. However, they can be adopted for earlier periods. commencing on or after January 1st 2015.

The FRSSE SORP 2015 was withdrawn for accounting periods commencing AFTER 31st December 2015. and the modified FRS102 SORP 2015 MUST be used for such periods.

The modified version of the FRS102 charity SORP, applicable from 1st January 2016, changes the definition of small charities. In the unmodified version that applies 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. This means that a charity in England & Wales with income between £500,000 and £1m would be small under the unmodified version and large under the modifed version. There are also some changes in the modified version relating to the mandatory accounting treatments that should be followed.

These templates should NOT be used for accounting periods commencing BEFORE 1st January 2015.

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 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.

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

Testimonial

An unsolicited testimonial received :-

I really do think that the template is brilliant and even essential for proper charity accounts preparation.

The 2018 updates include:-

· New UK wide audit reports to accomodate revised audit reports equired by revised auditing standards for accounting periods commencing after 16th June 2016.

· New England & Wales examination reports to meet the requirements for all examinations signed off after 30th November 2017

· New fund accounting policy to bring into line with up to date practice

· Altered error checking to cope with accounts to the nearest hundred or thousand of £s

· More optional example texts included in notes

· Improved and refined error testing

· Improved and refined autohiding

· Removed minor bugs and gremlins and textual ambiguities that have been reported by users

· Minor alterations to disclosures to accord with good practice

· Major re-write of the help and support file to reflect recent legislative etc changes and clarify points or questions raised by users

· Improved on screen instructions to assist with data entry

* Taken on board improvement suggestions from users

· Minor textual changes in the notes and TAR