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
The Charities SORP 2005 (PDF English – 521kb)*
This is the full text of the 2nd edition of the document, updated in May 2008, in colour. A printed version of this can be obtained (cost £15) from CCH by phone 0844 561 8166 (8.30am to 5.30pm weekdays) or order online at http://www.cch.co.uk/ or email customerservices@cch.co.uk quoting product code CCSORP.
*Threshold changes
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.
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SORP Information Sheets
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.
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Frequently asked questions
- SORP FAQs - Frequently asked questions and answers about the SORP.
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Legislation
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Related resources
Additional resources which may assist with the preparation of accruals accounts under SORP 2005.
- CC17 Accruals Accounts Pack SORP 2005 - provides a template for the trustees’ annual report and accounts which may assist non company charities with income under the statutory audit threshold set out their report and accounts in SORP 2005 format.
- Charities and risk management (CC26) - our guidance on how to undertake and report on risk management in charities.
- Examples Accounts SORP 2005 - provide a number of example reports prepared under SORP 2005 and may be helpful to charities when designing the layout and format of their own accounts.
- ICAEW / CAF Accounts Award winners set an example - The ‘Charities' Online Accounts Awards’ recognise excellence in financial reporting and encourage best practice in online financial accounts with examples of all sizes of charity. Take a look at these award winners for some practical assistance in preparing high quality reports and accounts.
- Charity Reserves and Defined Benefit Pension Schemes - our guidance for charities with defined benefit pension schemes.