UK wide Consolidated accounts under the 2015 SORP Edition 2 (periods commencing on or after 01/01/19

Consolidated templates - For all jurisdictions

CONSOLIDATED BUNDLE  - Normally £150, but if you are already a user of our non consolidated templates with an unlimited licence it is £60. Please contact us for a discount code.

FRS102 2015 as modified by SORP Edition 2 (October 2019)- Consolidated templates for charities with or without endowment funds, including the modifications both Bulletins 1 and 2.

These products are templates for preparing consolidated accounts for charities operating in a particular chosen jurisdiction within the UK, preparing accounts under the FRS102 SORP2015 as modified by SORP Edition 2 (October 2019).

Although these templates can be purchased separately from the individual templates, they are most likely to be used as an adjunct, after individual charity accounts have already been prepared for the parent charity using the individual templates.

Application

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 (as modified by SORP Edition 2 (October 2019) compliant set of group accounts. They work in conjunction with VT Software, and require a good working knowledge of Excel and VT Accounts Production software.

The templates normally apply for accounting periods commencing on or after 1st January 2019, but early adoption is permitted.

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.

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.

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