Non Profits: SORP disclosure checklist
Charities SORP (FRS 102) Financial Reporting Disclosure
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.
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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