SORP 2015 - Important Changes for all Charities
30 November 2015
In 2014, the Charity Commission and the Office of the Scottish Regulator (OSCR) issued a new Charities SORP (Statement of Recommended Practice) (referred to as SORP 2015) which applies to financial years beginning on or after 1 January 2015. SORP 2015 provides guidance for charities on how to apply the Financial Reporting Standard applicable in the UK (FRS 102). Accounts for financial years ending on 31 January 2016 and thereafter must be in the form required by the SORP 2015.
To read the main changes contained in SORP 2015 click here.