The Charity Commission and the Office of the Scottish Charity Regulator, as the joint SORP-making body for charities, have developed two SORPS. For reporting periods starting on or after 1 January 2016 all charities must follow, the Charities SORP (FRS 102) that applies the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charities SORP (FRSSE) is only an option for financial years starting before 1 January 2016.
The charity regulators that comprise the SORP-making body have decided to hold a governance review of the constitution and composition of the Charities Statement of Recommended Practice (SORP) committee and the SORP making process overseen by Dr Gareth Morgan. Dr Morgan has been retained as the independent Chair of the Oversight Panel.
Tailor your chosen SORP to reflect your charity’s structure and activities
Find, save and print SORP modules or Update Bulletin 1 as individual PDF files
View, download or print a SORP as a single bookmarked PDF file
To see if a SORP applies to your charity, answer the following question:
Does your charity prepare accounts on an accrual basis?