Charity Accounts

- A Practical Guide to the Charities SORP

This booklet is the definitve guide to annual financial reporting, for both incorporated and unincorporated UK charities, under the current Statement of Recommended Practice 'Accounting and Reporting by Charities', and the related accounting legislation.

This third edition is fully revised and updated to take account of SORP 2005.

CONTENTS

• The Charities SORP - scope and compliance
• Charity size-bands for statutory reporting
• Fund - accounting
• The trustees' annual report
• The SORP and accounting standards
• The statement of financial activities
• The summary income and expenditure account (FRS3)
• The treatment of tangible and other fixed assets for the charity's own use
• Investment assets
• The balance sheet and free reserves
• The cashflow statement
• Notes to the accounts
• Accounting for "operating" activites
• Branch – accounting versus consolidated accounts
• Summarised accounts and the ‘SIR’
• Accounts of the small non-company charity
• Audit & Independent examination
• Appendix – charities SORP 2005
  

 

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