Changes in company accounting which will impact many charities come into effect from 1st January 2016. As highlighted by Scottish regulator OSCR, you will need to be aware of these if your charity prepares accrued accounts.
The body which oversees the charity accounting standard (SORP) will be consulting from mid-June. Charities SORPs web page with link to the consultation page (which is awaiting the relevant documents).
Note: these accounting standards cover both UK and Ireland.
Notes on reserves
Not really connected with the above, but not warranting its own item, is a short OSCR blog piece ‘Don’t wait for a rainy day‘. It gives some broad principles on establishing what level of reserves a charity should hold. It refers to the Charity Commission’s CC19 guidance for more details, and also says that OSCR is considering producing its own guidance for Scotland.