2025: Introduction to the Charities SORP (FRS 102)

£625.00 + VAT
Available
Virtual
All Locations
Financial reporting
Mar
25
Tue
-
Dec
31
Wed
09:30
-
PM
12:30GMT
Schedule Description: An interactive virtual CPD course, delivered over two 3-hour sessions, that provides an overview of The Charities SORP (FRS 102), providing practical
CPD hours: 6

Description

An interactive virtual CPD course, delivered over two 3-hour sessions, that provides an overview of The Charities SORP (FRS 102), providing practical tips and guidance on some common pitfalls.

Please choose from the dates below to view more details.

Introduction to the Charities SORP (FRS 102)

Date and time

Location

Select a date in the drop-down menu above for details.

Select a date in the drop-down menu above for details.

The current UK financial reporting regime came into effect for accounting periods beginning on or after 1 January 2015. Most UK entities prepare their accounts in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, which forms the cornerstone of the UK GAAP regime.

The Charities Statement of Recommended Practice (SORP) (FRS 102) provides guidance for charities on how to apply FRS 102. The SORP also includes charity-specific guidance including requirements relating to the trustees’ annual report, fund accounting, the format of the statement of financial activities and additional disclosures aimed at providing a high level of accountability and transparency to donors, funders, financial supporters and other stakeholders.

This course will cover the main requirements of the Charities SORP (FRS 102) currently in force (2nd edition, published October 2019). Practical examples and illustrations are provided to demonstrate how to apply the SORP in practice.

Note that there will be a revised Charities SORP published in 2025, due to revisions to the underlying FRS 102. Both will be effective for accounting periods starting 1 January 2026. The revised draft Charities SORP is expected to be published in spring 2025, with the final version expected in autumn 2025.

This course will focus on charity accounting and reporting principles, with reference to the SORP currently in force, although will highlight at each stage what the main changes are, or are likely to be, and what you can do to prepare. The extent to which we are able to reference to the new requirements will depend on the timing of the publication of the revised draft / final SORP.

 Learning outcomes:

  • An overview of the UK charity financial reporting regime and how the SORP fits into it.
  • A brief overview of what constitutes a complete set of charity financial statements.
  • The contents of the Trustees’ report, focusing on reserves policy and fundraising disclosures.
  • Fund accounting and its applications to the Statement of Financial Activities and Balance sheet.
  • Key Statement of Financial Activities issues, including income recognition and disclosures.
  • Key Balance sheet issues, including accounting for heritage assets, impairments, investments and leases.
  • An understanding of the key changes which may / will occur in the light of the revised FRS 102 and Charities SORP (effective 1 January 2026) compared to the current SORP, and what you can do to prepare

CPD hours

ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement.

Attending this course could contribute up to 6 hours of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the course booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record.

Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Who should attend?

This course is suitable for finance professionals working in or with charities, and accountants who volunteer as pro bono bookkeepers, independent examiners, Trustees or Treasurers of charities.

As an introductory course, this is targeted at those who are new to charity accounting or those who feel that they need a refresher.

Course enquiries

Contact: Events information team

FAQs

Should you experience any difficulties booking onto the event, please click here.

More from ICAEW Academy

  Search over 100 CPD virtual classrooms from a wide range of topics to advance your career.
  Partner with our team of experts to deliver bespoke in-house training to your team and organisation.
  View our in-depth leadership programmes and see how you can fulfill your career ambitions - whatever your career stage.
  Browse our specialist qualifications and programmes to enhance your knowledge and career opportunities.

 

This course is for: Analysts, Managers, Trusted Advisors and Business Leaders.

Capability Framework 4

What is a virtual classroom?

A virtual classroom provides the same great learning experience as other ICAEW training, except one difference, you can learn from your desk.

Being delivered online makes it so much easier to access in a busy working week and would definitively recommend this type of training. The breakout rooms work really well to allow you to get to know the other participants and share experiences.

Virtual classroom delegate

The focus is on the learner and creating an enriching classroom experience that connects participants globally. Using video, learners can converse and interact with the trainer and other learners in real-time. Whiteboards, break-out sessions, polls, screen-sharing, and interactive Q&A create an immersive learning experience.

I think the virtual training format using Zoom, and the survey features, and break out rooms, really works great. I had no problems engaging with the facilitator and felt he listened to what we said, and kept the pace of the content moving steadily.

Virtual classroom delegate

Secure your place now and keep your skills and knowledge up-to-date.

How do I attend a virtual classroom?

Once you've booked your session, you will receive an email with your booking confirmation. The steps you will need to follow to attend your virtual classroom will arrive in a separate email closer to the date of your course.

About the trainer

Sally Knight FCA DChA
As a Chartered Accountant, and one of the first charity advisors to achieve the ICAEW’s Diploma in Charity Accounting, Sally has been leading the development and delivery of the ICAEW's Charity Essentials seminars and webinars since 2018. She also co-develops and presents the ICAEW’s online Trustee Training Modules, the CPD training for Trustees, and the Charities SORP Virtual Classroom sessions. She achieved the ICAEW’s Sustainability Certificate in 2024.

Sally draws on over twenty five years of experience working in the not for profit sector, mainly as a Partner in 'Top 20' accountancy firms in London. Sally now specialises in undertaking governance reviews, and providing tailored support and training for charity trustees, finance staff and volunteers. She brings an enthusiastic and practical perspective to her work and particularly enjoys the challenge of bringing charity governance, risk management and reporting to life – for people with a finance background as well as those who are not as comfortable with charity requirements, formats and numbers.

 

 

Rate Price
ICAEW Member £425 + VAT
Non-Member £625 + VAT

 

How are the courses delivered?

All Virtual Classrooms are run by live on Zoom. These are interactive and not recorded, interaction and delegate involvement is encouraged.

When will I receive joining instructions?

You will receive a email with joining instructions after enrolling. Materials and any other resources for the course will be sent to you shortly before the course start date.

Are there breaks?

Each 3-hour virtual classroom will include a 10-minute comfort break.

How do I access the course slide deck?

Depending on the course you will either be sent in the lead up to the course or after.

What if I miss the live date?

The Virtual Classrooms are not recorded so we recommend you attend all sessions.

What if I am going to be 15 minutes late?

This is not a problem, the classroom starts at the start time, but you will be let in if you are delayed for any reason. Trainers do their best to accommodate catch-up, but this is not guaranteed. Where possible please let us know of any delays so we are aware when doing role call the beginning of the session.

Can I have my colleague with me in the live course?

Yes, if you purchase a second place. Each booking is valid for one person only.

Can I record the training?

No, virtual classrooms are not recorded.

Do the courses on this programme count as verifiable CPD?

Yes, these courses contribute verifiable CPD, so long as you can demonstrate that the content is relevant to your role. Additional information about CPD can be found here: Your guide to CPD.

How many people will be on the course?

Virtual Classrooms are designed to resemble a real classroom. Therefore, group sizes vary between 6 – 22 delegates per course.

Click here to view the full 2025 Virtual Classroom CPD Planner.

Our public course programme is deliberately structured to encourage delegates from different organisations to participate. However, if you have six or more delegates who require development in the same area, we are able to run a more cost-effective and much wider range of courses tailored specifically to your organisation.

Organisations will have the choice to run our in-house courses online or in-person.

These are ideal for organisations seeking hassle-free, flexible and cost-effective training delivered to multiple delegates at your location of choice. Whether we use our existing materials or develop new content for your business, our expertise lies in translating your requirements into a pragmatic, interactive training programme highly relevant to your people and organisation.

To discuss in-house training for your business please email academy@icaew.com or contact us through our enquiry form

 

ICAEW's terms and conditions for events

Legal Disclaimer

The Institute of Chartered Accountants in England and Wales (ICAEW) does not endorse or recommend any third-party products, services, or companies mentioned during this event or in related materials. References to any such products, services, or companies are for informational purposes only and do not constitute an endorsement or recommendation by ICAEW.

The views and opinions expressed by third-party speakers are their own and do not necessarily reflect the views, positions, or policies of ICAEW. ICAEW does not assume any responsibility or liability for the accuracy, completeness, or legality of the content presented by third-party speakers.

For further information or clarification, please contact ICAEW directly.

Basket
Item(s) £0.00
Grand Total £0.00
Powered by Configio