VT templates for the modified SORP Edition 2 2019 for accounting periods commencing on or after 1st Jan 2019 (May be adopted early). Licensed for an unlimited number of charities.
VT templates for SINGLE SMALL charities with gross income of less than £500,000 for the modified SORP Edition 2 2019 for accounting periods commencing on or after 1st Jan 2019 (May be adopted early).
VT templates for the modified SORP Bulletin 1 2016 for accounting periods commencing 31st Dec 2015 - 31st Dec 2018. Licensed for an unlimited number of charities
VT templates licensed for SINGLE SMALL charities with gross income of less than £500,000 modified SORP Bulletin 1 2016 for accounting periods commencing 31st Dec 2015 - 31st Dec 2018.
Receipts and Payments accounts are permitted for smaller charities. The rules as to who can examine/audit such accounts and the format they should take differ in the different parts of the UK.
Receipts and Payments accounts are outside the scope of the SORPs.
Many accountants are reluctant to be associated with Receipts and payments accounts, as the figures can be so easily manipulated to give an incorrect picture. For similar reasons, many grant aiding organisations will treat such accounts with more sceptism than accounts prepared on a normal accruals basis.
However, for some charities they can be a low cost simple approach to charity accounting, and these templates accomodate that approach.
However, any charity using Receipts and Payments accounts should be aware of the specific rules that apply in the particular jurisdiction, and should decide to use such accounts on an informed basis.