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28 May 2024

SORP requirements for Charities – Online 28/05/2024

This course is fully booked.

Target Audience

Board Members, CEOs and Finance Managers of Charities.


SORP requirements for Charities and the responsibilities of the Board of Directors under the Charities Act.

The main areas covered will be:

  • What are the responsibilities of the Board of Directors under the Charities Act
  • What are SORP’s (Statements of Recommend Practice)
  • What is the purpose of SORP
  • Why are they necessary in charity financial reporting
  • What are the requirements of SORP for Charities
  • What is the connection between the Charities Act 2009 and SORP
  • What are the key requirements of SORP FRS102 (latest SORP)
  • How to lay out Financial Annual Accounts in SORP Format
  • What is a Statement of Financial Activities (SOFA) and how to construct it
  • The rules on Income recognition under SORP
  • The rules of allocation Overheads by Charity Activity
  • What is happening in the Regulators office for implementing a SORP in Ireland
  • Latest information on the consultation process
  • What is an Activity Report which is required from all charities regardless of size.


Delivered virtually via Zoom.


Andrea Shupinski FCA

Andrea is a Chartered Accountant by qualification. A sole practitioner, she has been providing consultancy, accountancy and taxation services to the Charity and Not-for Profit sector for over 30 years.

Andrea has extensive financial and senior management experience with charities and not for profits as an advisor and accountant and as Chief Financial Officer. She has helped organisations to prepare for a more regulated and transparent environment and has practical experience of charity accounting principles and putting them into practice. Andrea is a member of the Charity and Not-for Profit Committee at Chartered Accountants Ireland. She and has been a Board member for a number of charities over the years.


By the end of the course you will be able to:

  • Understand the role and responsibilities of the Board of a Charity
  • Identify the purpose and key requirements of SORP
  • Understand how to lay out Annual Financial Accounts in the latest SORP format
  • Know how to prepare an Annual Activity Report
  • Construct a Statement of Financial Activities (SOFA)
  • Know how to allocate Charity Overheads by Activity
  • Know what disclosure of staff costs and employee benefits are required
  • Know how to prepare Financial Accounts analysed by the Activities of the Charity
  • Understand Audit and Annual reporting requirement to the Charity Regulator
  • Know how to keep up to date with developments in the Charities Regulatory Office


Carmichael’s Spring/Summer 2024 Scheduled Training Programme is kindly sponsored by BoardEffect.

BoardEffect is part of Diligent, the leader in modern governance. BoardEffect delivers an agile board management solution optimised for governance leaders of nonprofits, higher education institutions, community healthcare organisations, and credit unions with the right tools, analytics, and insights to drive more efficient, transparent, and secure governance.


€80Nonprofit Organisation
€70Carmichael Resident Organisation
€90Statutory Organisation
€90Corporate Organisation


All the samples Andrea supplied were so helpful and gave me a great idea of what is expected.
Having an expert who has the knowledge and be able to answer a variety of questions from the group.
The trainer. She was clear and open to questions.