This Guide gives an overview of the law and essential information regarding charities’ accounts that is relevant to all charities. This includes:
Part 1 also contains information and flowcharts that allow you to determine which type of accounts should be prepared (section 2) and which type of external scrutiny should be used (section 3).
When you have decided which type of accounts you need to prepare, then you can read the part of the Guide that applies:
This Guide is for:
Some charities will also have to prepare accounts in line with other legislation and regulations, for example:
For these charities the Guide will need to be read alongside the other legislation or regulations that are specific to them.
The Guide is split into sections to help you find the information most relevant to you and your charity.
The main piece of charity law in Scotland that sets out the requirements for being a charity and establishes OSCR.
The 2006 Regulations set out in detail what information trustee annual reports and charity accounts must contain and when they must be submitted to OSCR.
The SORP sets the framework for charity financial reporting in the UK for charitable companies, charities with income of £250,000 and more and all other charities preparing accruals accounts.
OSCR publishes general guidance for charities, but we can’t provide specific advice on the full range of things which can happen in or affect your charity.
Below is a list of organisations, professional bodies and publications that can help with some or all of the areas set out in the Guide and more: