Charities SORP 2019

Article ID

charities-sorp-2019

Article Name

Charities SORP 2019

Created Date

8th April 2020

Product

Problem

Charities SORP 2019

Resolution

This second edition of the SORP is applicable to relevant charities accounting periods beginning on or after 01/01/2019 (this edition consolidates the changes to the SORP for Update Bulletins 1 and 2, Update Bulletin 1 has an earlier effective date).

The changes have been applied to accounting periods on or after 01/01/2019 with a date of trustees’ approval/signing the balance sheet on after 01/04/2020 or where the date of approval is blank.

Incorporated and unincorporated charities have been changed to comply with the Charities SORP 2019.

For Academies these changes differ and the accounting period that apply are periods commencing 01/09/2019 with a date of trustees’ approval/signing the balance sheet on after 01/04/2020 or where the date of approval is blank.