Why do Governance costs show under Support costs for Charity accounts on SOFA?
Article ID
kba-03343
Article Name
Why do Governance costs show under Support costs for Charity accounts on SOFA?
Created Date
2nd April 2015
Product
Problem
Why are the Governance costs showing under Supports costs for Charity accounts on the Statement of Financial Activities?
Resolution
Governance costs will now show under the Support Costs section in the notes to the accounts. The charts of accounts have been updated with new account codes to reflect this.
Please refer to charitysorp.org helpsheets for more information on the changes between the existing SORP and FRS 102 SORP.
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