Recommended practice for charities preparing trustees' annual reports and accruals accounts for accounting periods starting between 1 Apr 2005 and 31 December 2014 only.
About the Charities SORP
The charities’ statement of registered practice (SORP) gives a framework for accounting and reporting, designed to:
- help charity trustees meet their legal requirement for their accounts to give a true and fair view
- encourage consistency in charity accounting standards
- give recommendations for charity annual reporting
Who can use the SORP
The Charities SORP applies to charities generally in the UK unless a more specific SORP applies, for example:
For reporting periods (financial years) that start prior to 1 January 2015, the 2005 SORP is used.
This SORP 2005 is for financial periods beginning between 1 April 2005 and 31 December 2014 only.
Due to changes in UK accounting standards, for financial periods beginning on or after 1 January 2015, there is a choice between using one of the 2 new SORPs.
To download the new SORPs that apply from 1 January 2015 and find out which to use, see the SORP microsite.