Produced by the Charity Commission and the Office of the Scottish Charity Regulator, this help-sheet considers the significant differences between the Account and Reporting by Charities Statement of Recommended Practice (SORP 2005) and the Charities SORP Financial Reporting Standards (FRS 102). Topics include: the contents of the trustees annual report, differences in accounting policies, differences in the format of accounts, and the definition and disclosure of transactions with related parties and empolyee benefits.
Charity Commission and the Office of the Scottish Charity Regulator, 2014. Help Sheet 2: What are the major changes between SORP 2005 and the Charities SORP FRS 102.
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