Charity Accounts: A Practical Guide to the Charities SORP, 4th Edition

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

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 regime for charities. It explains what SORP 2005 says, what it means in practice, how charities are affected by the greater demands and public expectations being imposed on the largest charities (especially through publication of the new "Summary Information Returns" of key data on their governance and performance) and how to ensure full compliance.

This new edition has been fully revised and updated to take account of the new SORP Information Sheets and regulatory changes, such as statutory group-accounting by non-company auditable parent charities and the Charities Act accounts-scrutiny regime for 'small' charitable companies. It also includes the phased implementation of the Charities Act 2006 and the Companies Act 2006.

This book provides invaluable technical guidance on how the financial reporting regulations relate to charities of different types and what needs to be done to comply and includes the full text of the SORP itself, the related regulations and a useful checklist of disclosure requirements plus fully worked examples of annual reports and accounts for different types of charity.

This new edition includes new and revised appendices for the CD-ROM accompanying the book including:

• Appendix 2: Part VI of the Charities Act 1993: the text of the "informal consolidation" updating Part VI to the Charities Act 2006
• Appendix 3: the SORP's new 2008 Regulations, which repeal the 2005 Regulations for financial years from 1 April 2008 onwards or upon earlier adoption
• Appendix 6: replacement of the Companies Act 1985 accounting provisions by their equivalent as reassembled in Ch.15/16, Companies Act 2006
• Appendix 7: the detailed SORP-compliance checklist, cross-referenced to the 2006 Act(s) and the 2008 Regulations
• Appendix 8: all worked examples, refreshed by updating to 2008/9 year-ends