Charities SORP (developed by the Charity Commission and the Scottish Charity Regulator), has published a second SORP Update Bulletin that keeps the SORP up to date with changes to UK-Irish accounting that come into effect from 1 January 2019.
If preparing your trustees’ annual report and accounts for reporting periods beginning on or after 5 October 2018 you must read the Update Bulletin 2 when using Charities SORP (FRS 102). Some changes to do with providing comparative information are now in effect whilst other changes only take effect from 1 January 2019. This second Bulletin is read in addition to applying Update Bulletin 1.
