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Receipts and payments accounts; you might want to give it another look

By Alan Hough | 17 July 2017

Receipts and Payments - a blog form Stewardship[

Every year changes are required in the disclosure or format of accruals accounts in order to meet new regulations or to reflect changes in emphasis or best practice. However, as the full impact of the FRS 102 Charity SORP is felt for the first time, this reporting season has seen more changes than usual. For some of our own clients this has required minor changes, for others quite significant ones.

Contrary to the views of some church treasurers and trustees, for most churches the receipts and payments basis of accounting is perfectly acceptable and may save you a lot of stress and time. Here’s why…

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new charity accounting regulations published

By Kevin Russell | 20 August 2014

new charity accounting regulations published

The Charity Commission (and OSCR, in relation to Scotland) has now published the new accounting regulations that will apply to charities. The new rules (in the form of a Statement of Recommended Practice, or SORP) apply for accounting years beginning on or after 1 January 2015 which in practice, means that comparative figures for the prior year also need to be prepared on the same basis.

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A new charity accounting standard is on the horizon

By Kevin Russell | 6 August 2013 | Comments (3)

Readers familiar with charity accounting will know that the format and content of a charity’s accounts is determined by law, and by the ‘Charities SORP’ (or, Statement of Recommended Practice) published by the Charity Commission.

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