How do I apply the Charities SORP 2015 (FRS 102/FRSSE)?

For accounting periods starting on or after 1st January 2015 all charities are required to adopt SORP 2015 e.g. Charities SORP (FRSSE) or Charities SORP (FRS 102). NOTE: For accounting periods beginning on or after 1 January 2016 the Charities SORP (FRSSE) can no longer be used as the FRSSE has been withdrawn. Please see IAS-12334 for further information. To apply either SORP within Accounts Production when setting up the first posting entry please ensure “FRS 102” is selected as the Accounting Standard (applies to both Charities SORP (FRSSE) and Charities SORP (FRS 102)). Note: FRSSE is then applied via the data screens as would have been applied for previous periods. Duplicate Comparative: A duplicate posting entry will need to be created for the Comparative Year also selecting “FRS 102” as the Accounting Standard, copying all postings across from the original (UK GAAP) posting entry. Where Charities SORP (FRS 102) is to be applied, a transition will be required (a date that the accounting standards applies must be entered under Client | View | A/P Dates – this date will determine the first year of adoption). Please refer to separate guidance on How to create a set of FRS 102 accounts. Note: No transition is required on applying Charities SORP (FRSSE). Governance Costs: Under SORP (FRS 102) Governance Costs are now included within expenditure on Charitable Activities as a separate component of Support Costs. New account codes for Governance costs (451-476) should therefore be used (for first year of adoption, postings should be moved from accounts 193-218 within the restated comparatives).