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Where do I post Governance costs when applying SORP 2015?

Article ID
ias-12235
Article Name
Where do I post Governance costs when applying SORP 2015?
Created Date
15th February 2016
Product
IRIS Accounts Production
Problem
Where do I post Governance costs when applying SORP 2015?
Resolution
The heading ‘Governance costs’ no longer appears separately on the Statement of Financial Activities (SoFA), instead Governance costs are included in expenditure on charitable activities. When reporting on an activity basis, governance costs are now a separate component of Support costs. Under SORP 2005 governance costs were posted to 193-218, under SORP 2015 (FRS 102 or FRSSE) governance costs should be posted to accounts 451-476 so they are part of Support costs. An exception report error will be generated if the postings are incorrect.

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