Recommended practice for charities preparing trustees' annual reports and accruals accounts for accounting periods starting from 1 Apr 2005.
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: