Charities SORP

Cash-based accounting

Cash accounts, also known as receipts and payments accounts, are a simpler form of accounting. Cash-based accounts are not prepared on an accruals basis and therefore the SORP does not apply to their preparation. Instead these simpler accounts report the actual cash receipts and cash payments made in the reporting period.

For more information on which charities may prepare cash-based accounts please refer to the information published on the web site of your charity regulator:

• The Charity Commission for charities established in England and Wales
• The Office of the Scottish Charity Regulator for charities operating or established in Scotland
• The Charity Commission Northern Ireland for charities operating or established in Northern Ireland

The accounting and reporting regulations are yet to be introduced in the Republic of Ireland. Consequently, there are no form and content requirements for charity accounts in this jurisdiction. For more information view the Charity Regulator’s website.