What is the Charities SORP?

The Charities Statement of Recommended Practice SORP is the UK accounting framework for charities and nonprofit organisations preparing financial statements under FRS 102 to ensure transparency and compliance.

Who must apply the Charities SORP?

UK charities and nonprofit organisations preparing accounts on an accrual basis generally need to follow the Charities SORP when applying FRS 102 standards.

What is fund accounting?

Fund accounting is a method that tracks income and expenditure separately for restricted, unrestricted and endowment funds so each fund is used according to donor intent and reporting requirements.

How does Charities SORP affect annual accounts?

The SORP explains how financial statements including the Statement of Financial Activities SoFA, balance sheet and disclosures should be prepared to ensure clarity and comparability.

Resources

Charities SORP Explained-UK Non-Profit Accounting Guide

Understand the Charities SORP (Statement of Recommended Practice) for UK charities and non-profit organisations. Learn how SORP standards apply to trustees’ annual reports, fund accounting, and financial reporting.

1. Charities SORP 2026 PDF
2. Charities SORP FRS102 2019 PDF

Overview

The Charities Statement of Recommended Practice (SORP) is the UK accounting framework for charities and non-profits preparing financial statements under FRS 102. It ensures transparency, accountability, and meaningful financial reporting for trustees, donors, and regulators.

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What is Charities SORP?

1. A specialized framework for UK charities & non-profits.
2. Guides how to prepare trustees’ annual reports, financial statements, and disclosures.
3. Supports fund accounting for restricted, unrestricted, and endowment funds.

Why SORP Matters

1. Ensures high-quality financial reports.
2. Improves transparency for donors and funders.
3. Supports trustees’ decision-making.
4. Enables compliance with regulatory and SORP requirements.

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