Charities preparing accruals accounts should use SORP 2005 when preparing their trustees' annual reports and accounts for accounting periods beginning on or after 1st April 2005. An updated second edition, published in May 2008, takes into account changes made by the Charities Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and applicable Regulations.
This page contains links to the SORP and other resources to assist preparers of charity accounts.
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The SORP is available as a free PDF download, but you can also buy a printed copy:
The Charities SORP 2005 provides details of accounting and reporting thresholds which have been changed by order for accounting periods ending on or after 1 April 2009. The details of these threshold changes should be downloaded in conjunction with the SORP to ensure fully up to date information in relation to thresholds.
Guidance on thresholds for the UK and Republic of Ireland
This guidance explains the thresholds as they apply in the jurisdictions covered by UK - Irish Generally Accepted Accounting Practice with particular reference to the use of the Financial Reporting Standard for Smaller Entities (FRSSE), the requirements for external scrutiny and the preparation of group accounts.
Information Sheets provide informal guidance on the application of the SORP to assist practitioners preparing accounts. Information Sheets do not form part of the SORP, nor are they reviewed by the ASB, they simply attempt to explain and illustrate what is already recommended by the SORP.
Additional resources which may assist with the preparation of accruals accounts under SORP 2005.
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