FAQs

The aim of the Financial Reporting Council is "to promote transparency and integrity in business". With regards to charities the aim is to help readers understand three things in particular: What are the objectives of the charity? What activities does it [...]

Yes!  There are some minor changes in the Trustee’s Report for "small" charities which are defined as those with a gross income of less than £500,000 for UK charities or €500,000 for Irish.

The Charity Statement of Recommended Practice is mandatory for all charities - regardless of size. It is a 200-page A4 document of additional reporting requirements that are layered on top of FRS 102. Unfortunately, and unintentionally, the SORP is ambiguous and [...]