Hand-out 1: Index of modules for FRS 102 and FRSSE SORPs

Index of modules (FRS 102 SORP)

Paragraph numbers

Core modules Trustees’ annual report 1.1-1.54

Fund accounting 2.1-2.30

Accounting standards, policies, concepts and principles, including the adjustment of estimates and errors

3.1-3.48

Statement of financial activities

4.1-4.67

Recognition of income, including legacies, grants and contract income

5.1-5.59

Donated goods, facilities and services, including volunteers

6.1-6.31

Recognition of expenditure

7.1-7.46

Allocating costs by activity in the statement of financial activities

8.1-8.14

Disclosure of trustee and staff remuneration, related party and other transactions

9.1-9.32

Balance sheet

10.1-10.93

Accounting for financial assets and financial liabilities

11.1-11.40

Impairment of assets

12.1-12.22

Events after the end of the reporting period

13.1-13.8

Statement of cash flows

14.1-14.22

Selection 1: Special transactions relating to charity operations

Charities established under company law 15.1-15.23

Presentation and disclosure of grant-making activities

16-1-16.25

Retirement and post-employment benefits

17.1-17.24

Hand-out 1: Index of modules for FRS 102 and FRSSE SORPs

Selection 2: Accounting for special types of assets held

Accounting for heritage assets 18.1-18.31

Accounting for funds received as agent or as custodian trustee

19.1-19.11

Selection 3: Accounting for investments

Total return (investments) 20.1-20.12

Accounting for social investments 21.1-21.43

Accounting for charities pooling funds for investment

22.1-22.12

Selection 4: Accounting for branches, charity groups and combinations

Overview of charity combinations 23.1-23.5

Accounting for groups and the preparation of consolidated accounts

24.1-24.39

Branches, linked or connected charities and joint arrangements

25.1-25.26

Charities as subsidiaries

26.1-26.8

Charity mergers

27.1-27.16

Accounting for associates

28.1-28.20

Accounting for joint ventures

29.1-29.20

Appendices Appendix 1: Glossary of terms

Appendix 2: The Charity Accounting (SORP) Committee Appendix 3: Thresholds for the UK and the Republic of Ireland

Hand-out 1: Index of modules for FRS 102 and FRSSE SORPs

Index of modules (FRSSE SORP)

Paragraph numbers

Core modules

Trustees’ annual report 1.1-1.54

Fund accounting

2.1-2.31

Accounting standards, policies, concepts and principles, including the adjustment of estimates and errors

3.1-3.44

Statement of financial activities

4.1-4.60

Recognition of income, including legacies, grants and contract income

5.1-5.51

Donated goods, facilities and services, including volunteers

6.1-6.32

Recognition of expenditure

7.1-7.42

Allocating costs by activity in the statement of financial activities

8.1-8.14

Disclosure of trustee and staff remuneration, related party and other transactions

9.1-9.31

Balance sheet

10.1-10.91

Accounting for financial assets and financial liabilities

11.1-11.15

Write-down of assets to their recoverable amounts

12.1-12.22

Post balance sheet events

13.1-13.8

Cash flow statement

14.1-14.10

Hand-out 1: Index of modules for FRS 102 and FRSSE SORPs

Selection 1: Special transactions relating to charity operations

Charities established under company law 15.1-15.18

Presentation and disclosure of grant-making activities

16-1-16.25

Retirement benefits

17.1-17.23

Selection 2: Accounting for special types of assets held

Accounting for heritage assets 18.1-18.33

Accounting for funds received as agent or as custodian trustee 19.1-19.14

Selection 3: Accounting for investments

Total return (investments) 20.1-20.12

Accounting for social investments 21.1-21.41

Accounting for charities pooling funds for investment 22.1-22.12

Selection 4: Accounting for branches, charity groups and combinations

Overview of charity combinations 23.1-23.5

Accounting for groups and the preparation of consolidated accounts 24.1-24.39

Branches, linked or connected charities and joint arrangements

25.1-25.26

Charities as subsidiaries

26.1-26.7

Charity mergers

27.1-27.16

Accounting for associates

28.1-28.19

Accounting for joint ventures 29.1-29.20

Appendices Appendix 1: Glossary of terms

Appendix 2: The Charity Accounting (SORP) Committee

Appendix 3: Thresholds for the UK and the Republic of Ireland

Hand-out 2 Statement of Financial Activities (FRS 102 version)

1 SORP Committee meeting 24 January 2014

Unr

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d fu

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Res

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fund

s En

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t fu

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Tota

l fun

ds

Prio

r per

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tota

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Further details

£ £ £ £ £ Income and endowments from: Donations and legacies A1 Charitable activities A2

Other trading activities A3 Investments A4 Other A5 Total Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Total Net gains/(losses) on investments B4 Net income (expenditure)

Transfers between funds C Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets

D1

Actuarial gains/(losses) on defined benefit pension schemes

D2

Other gains/(losses) D3 Net movement in funds Reconciliation of funds: E Total funds brought forward Total funds carried forward

Hand-out 3 Statement of Financial Activities (FRSSE version)

1 SORP Committee meeting 24 January 2014

Unr

estr

icte

d fu

nds

Res

tric

ted

fund

s En

dow

men

t fu

nds

Tota

l fun

ds

Prio

r per

iod

tota

l fun

ds

Further details

£ £ £ £ £ Income and endowments from: Donations and legacies A1 Charitable activities A2

Other trading activities A3 Investments A4 Other A5 Total Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Total Net income (expenditure)

Transfers between funds C Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets

D1

Net gains/(losses) on investments D2

Actuarial gains/(losses) on defined benefit pension schemes

D3

Net movement in funds Reconciliation of funds: E Total funds brought forward Total funds carried forward

Hand-out 4: Flowchart - Taking the FRSSE option

Prepared accruals prior to 1 Jan 2015?

Yes

No

Prepare trustees’ annual report per FRSSE SORP. Prepare accounts per FRSSE and applicable SORP modules adopting the SORP’s accounting policies as ‘current practice’ and disclosures that ‘must’ be made and have regard to those disclosures that ‘should’ be made. Format of SoFA and balance sheet as SORP. Statement of Cash Flows is optional

Charity has a new type of transaction?

No

Prepare trustees’ annual report per the FRSSE SORP. Prepare accounts using the FRSSE and FRSSE SORP and where permitted an option to continue with charity’s ‘existing accounting policies ‘ (pre 1st January 2015) and ‘existing disclosures ‘. Must refer to the SORP charity specific modules for accounting policies and disclosures to follow as ‘current practice’ Format of SoFA and balance sheet as SORP. Statement of Cash Flows is optional.

Yes

Prepare trustees’ annual report per FRSSE SORP. Prepare accounts using the FRSSE and applicable SORP and where permitted an option to continue with charity’s ‘existing accounting policies ‘ (pre 1st January 2015) and ‘existing disclosures ‘. For new transactions that are not charity specific refer to the SORP for ‘current practice’ and disclosures that ‘should’ be made. For new transactions that are charity specific must refer to the applicable module(s) for the accounting policies to apply as ‘current practice’ and for the disclosures that ‘must’ be made. Format of SoFA and balance sheet as SORP. Statement of Cash Flows is optional