There are 29 modules in the SORP. And they are in a somewhat random order! That is the bad news.
The good news is that for most charities there are 6 which are particularly important and these are highlighted below. The others you may need to refer to according to your specific circumstances.
| Module | Title | SORP Page |
|---|---|---|
| Core Modules | ||
| 1 | Trustees’ annual report | 12 |
| 2 | Fund accounting | 22 |
| 3 | Accounting standards, policies, concepts and principles, including the adjustment of estimates and errors |
29 |
| 4 | Statement of financial activities | 37 |
| 5 | Recognition of income, including legacies, grants and financial income | 50 |
| 6 | Donated good, facilities and services, including volunteers | 60 |
| 7 | Recognition of expenditure | 65 |
| 8 | Allocating costs by activity in the statement of financial activities | 72 |
| 9 | Disclosure of trustee and staff remuneration, related party and other transactions | 76 |
| 10 | Balance sheet | 82 |
| 11 | Impairment of assets | 98 |
| 12 | Analysis of grants | 105 |
| 13 | Events after the end of the reporting period | 109 |
| 14 | Statement of cash flows | 111 |
| Selection 1: Special Transactions relating to charity operations | ||
| 15 | Charities established under company law | 118 |
| 16 | Presentation and disclosure of grant-making activities | 122 |
| 17 | Retirement and post-employment benefits | 127 |
| Selection 2: Accounting for special types of assets held | ||
| 18 | Accounting for heritage assets | 131 |
| 19 | Accounting for funds received as agent or as custodian trustee | 138 |
| Selection 3: Accounting for investments | ||
| 20 | Total return (investments) | 141 |
| 21 | Accounting for social investments | 145 |
| 22 | Accounting for charities pooling funds for investment | 152 |
| Selection 4: Accounting for branches, charity groups and combinations | ||
| 23 | Overview of charity combinations | 155 |
| 24 | Accounting for groups and the preparation of consolidated accounts | 157 |
| 25 | Branches, linked or connected charities and joint arrangements | 164 |
| 26 | Charities as subsidiaries | 169 |
| 27 | Charity mergers | 170 |
| 28 | Accounting for associates | 174 |
| 29 | Accounting for joint ventures | 177 |
| Appendices | ||
| 1 | Glossary of Terms | 181 |
| 2 | The Charity Accounting (SORP) Committee | 194 |
| 3 | Thresholds for the UK and the Republic of Ireland | 195 |
| 4 | Basis for conclusions | 197 |
