Subjects:

Charities

Contents:

The Charities SORP - scope and compliance

Charity size-bands for statutory reporting

Fund accounting under charity law

The trustees' annual report

The Charities SORP and accounting standards

The statement of financial activities

The summary income and expenditure account (FRS3)

Tangible/other fixed assets for the charity's own use

Commercial and "social" investment assets

The charity balance sheet and free reserves

The charity cashflow statement

The explanatory notes to charity accounts

Accounting for "operating" activites

Group-accounting

charity branches

Summarised accounts

summary information returns

Accounts for small non-company charities

Audit & Independent examination whistle-blowing

Charity Accounts: A Practical Guide to the Charities SORP is the definitive guide to annual financial reporting, for both incorporated and unincorporated UK charities, under the current Statement of Recommended Practice, “Accounting and Reporting by Charities”, and the related accounting legislation.

This third edition is fully revised and updated to take account of SORP 2005. Charity Accounts: A Practical Guide to the Charities SORP is packed with practical information and advice on how to make the best of the regulatory regimes for charities in Britain, and explains what the SORP says, what it means in practice, how charities are affected by the relevant statutory requirements and how to ensure full compliance.

The book provides invaluable technical guidance on how regulation impacts on charities of different types and sizes and what needs to be done to comply, and includes the full text of the SORP itself, the Charities Act regulations and Companies Act accounting provisions are also useful worked example annual reports and accounts for different types of charity. Charity Accounts: A Practical Guide to the Charities SORP is an invaluable resource for all charity trustees, finance personnel and advising accountants.

This edition comes with a free CD-ROM containing the full text of the Charities SORP 2005, extracts from relevant statutory materials and a charity accounts and reports disclosures checklist, together with examples of annual reports and audited/examined accounts.