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SORP FRS102 2015 (as modified by Edition 2 Oct 2019) - Multi Bundle

FRS102 SORP 2015 (as modified by SORP edition 2 - October 2019) - 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 and preferably Excel 2010 and 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 SORP edition 2 published in October 2019). 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 2019. However, they can be adopted for earlier periods. commencing on or after January 1st 2016, but we would not recommend early adoption.  To all intents and purposes, in most cases, this new modification will impact on years ending on or after 31st December 2019.

The modified FRS102 SORP 2015 (as modified by Bulletin 1 in 2016) and included as a separate template in Sorpaid's products MUST NOT be used for periods commencing on or after 1st January 2019.

The modified version of the FRS102 charity SORP, applicable from 1st January 2019, changes the mandatory accounting treatments that should be followed. It also requires more detailed analysis of the prior year comparative figures.

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.

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 2020 updates include:-

Full compliance with the SORP 2015 2nd Edition October 2019, including all aspects of both Bulletin 1 and Bulletin 2

Bulletin 1

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 

Minor alterations to disclosures to accord with good practice

Minor textual changes in the notes and TAR

Bulletin 2

Removing the undue cost or effort exemption for depreciating assets comprising of two or more major   components which have substantially different useful economic lives.

Clarifying when payments by subsidiaries to their charitable parents that qualify for gift aid should be accrued    in the individual accounts of the parent charity.

 Housekeeping improvements to the templates

Complete re write of the treatment of comparatives to copmply with the requirements of the Bulletin

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

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

Improved on screen instructions to assist with data entry

Taken on board improvement suggestions from users

Clarifying when payments by subsidiaries to their charitable parents that qualify for gift aid are adjusting events occurring after the end of the reporting period.

Permitting charities that rent investment property to another group entity to measure the investment property either at cost (less depreciation and impairment) or at fair value.

Removing the undue cost or effort exemption for the investment property component of mixed use property to require measurement at fair value

Removing the disclosure of stocks recognised as an expense.

Requiring charities to prepare a reconciliation of net debt as a note to the statement of cash flows.

Products in this Category
Trustees Report Drafting tool for 2015 SORPs - Multicharity version: £15.00
FRS 102 SORP 2015 (SORP 2019 modification) E&W - Multi Bundle: £150.00
FRS 102 SORP 2015 (SORP 2019 modification) SCOT - Multi Bundle: £150.00
FRS 102 SORP 2015 (SORP 2019 modification) NI - Multi Bundle: £150.00
FRS 102 SORP 2015 (SORP 2019 modification) E&W - Consolidated accounts: £150.00
FRS 102 SORP 2015 (SORP 2019 modification) SCOT - Consolidated accounts: £150.00
FRS 102 SORP 2015 (SORP 2019 modification) NI - Consolidated accounts: £150.00
 
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