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Charity Accrued Accounts

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Registered charities in Scotland have a legal obligation to follow the requirements of current charity legislation and to follow Statement of Recommended Practice (SORP) accounting recommendations for the charity sector.

The format and requirements for Annual Accounts prepared by registered charities are set out in the Charity and Trustees Investment (Scotland) Act regulated by the Office of the Scottish Charity Register (OSCR). All charities are required to have their Annual Accounts externally scrutinised.

Which charities should prepare Accrued Accounts?

SORP (Statement of Recommended Practice) compliant fully accrued accounts must be produced by:-

• charities with a gross annual income over £250,000 (or over £100,000 for periods starting on or before 1 April 2011)
• charities who are incorporated (are a Company)
• charities whose constitution (governing document) requires accrued

You are advised to refer to guidance from OSCR on the preparation of accrued charity accounts.

What to include in your Charity’s Accrued Accounts 

Fully accrued charity accounts will include:-

• Trustees annual report (TAR)
• Statement of financial activity (SOFA)
• Balance sheet
• Cash flow statement (if required)
• Notes to the accounts
• previous year’s figures for comparison
• appropriate external scrutiny report

Contact the Community Toolkit Editor

Conditions of Use
Last Updated 25/10/2011 12:49

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Contact the Community Toolkit Editor

Conditions of Use
Last Updated 25/10/2011 12:49

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