SORP (FRSSE) compared to SORP (FRS 102)
The Following is not intended to be an exhaustive list of the differences between the charity SORPs, but it should help trustees and their advisers make the choice, where available, between the two SORPs.
Area | SORP (FRESSE) | SORP (FRS 102) |
Trustees report | • Identical requirements | • Identical requirements |
SoFA |
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Balance Sheet |
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Accounting policies |
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Donated goods and services |
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Disclosure of staff remunertaion |
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Financial assets and liabilities |
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