CharitEpulse: New SORP, new thresholds, new leadership
In this episode of CharitEpulse, the hosts discuss some of the most pressing issues shaping the charity sector today:
Companies House transition from registrar to regulator: New verification requirements for company directors.
New charities SORP (Statement of Recommended Practice): three-tier approach based on income levels, changes to income recognition and lease accounting.
Charity audit and accounting thresholds: Audit threshold increased from £1 million to £1.5 million income. Independent examination threshold raised from £25,000 to £40,000. Accrual accounts threshold increased from…
The skinny
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