New Forest

14/04/2021

Charity model accounts updated

There are no changes to the Charity SORP to report on at this point in time, but those preparing charity accounts might be interested to know that the model accounts published by the SORP Committee have been updated. These provide examples of how charity accounts should be presented in order to comply with the latest reporting requirements for charities, including the latest version of the SORP that was published in October 2019.

Two versions of the model accounts are available, the Arts Theatre Trust which is an incorporated charitable company and the Rosanna Grant Trust, which is an unincorporated trust. These examples are developed for charities in England and Wales. The England and Wales examples are being reworked by OSCR for reporting in Scotland. The SORP website notes that additional model accounts are being prepared that provide further disclosure guidance on how charities should report on the implications of the COVID-19 pandemic.

Guidance: bit.ly/36A3AtR

Latest Tweets

We are looking for a Business Service/Outsourcing Manager to join our team based in Chandlers Ford.

Click the link here for the full details 👉 https://bit.ly/3jfWEf4

#Vacancies #SouthamptonJobs

The 130% super-deduction for investment in plant and machinery was introduced in the March 2021 Budget, to encourage capital expenditure.

read more here 👉 https://bit.ly/3Hbni0l

#economics #accounting

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.