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Non Profits: SORP disclosure checklist

Charities SORP (FRS 102) Financial Reporting Disclosure

04/03/2022
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Updated February 2022

Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Focus

  • Introduction to SORP and notes to users.
  • Disclosure notes.

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This disclosure checklist includes relevant information from the following:

  • Update Bulletin 1 (for periods beginning on or after 1 January 2016)
  • Update Bulletin 2 (clarifying amendments effective from October 2018 and other amendments for periods beginning on or after 1 January 2019)
  • Information Sheet 1: Implementation issues published in April 2017
  • Information Sheet 2: Accounting for gift aid payments published in January 2019 (this is an accounting rather than disclosure Information Sheet)
  • Information Sheet 3: The Companies (Miscellaneous Reporting) Regulations 2018 and UK Company Charities disclosures (for periods beginning on or after 1 January 2019)
  • Information Sheet 4: Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Multi-employer defined benefit plans
  • Information Sheet 5: The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018, as applied to Charitable Companies
  • Fundraising disclosures brought in by the Charities (Protection and Social Investment) Act 2016.

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Pesh Framjee
Pesh Framjee
Global Head of Social Purpose and Non Profits
London