Course Details

In broad terms, ‘FRS 102’ is the financial reporting standard used in the UK and Ireland, with the ‘FRS 102 Charities SORP’ providing guidance for charities on how to apply FRS 102 when preparing their accounts. The FRS 102 Charities SORP: 


• sets out how charities should apply accounting standards to their particular activities and transactions;

• explains how charities should present and disclose their activities and funds within their financial statements; and 

• describes the content of the trustees’ annual report which accompanies the financial statements. 

 

Ciaran Connolly covers the following topics during this course:
 

• Early problems identified with charity reporting

• Development and evolution of the charity SORP

• Type of accounts that a charity should prepare under charity law

• The FRS 102 Charities SORP – key highlights, common pitfalls and impact reporting

• The future direction of charity reporting

 

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CPD Course Speaker

Ciaran Connolly

Ciaran was Professor of Accounting at Queen’s University Belfast and Deputy Head of Queen’s Business School until his retirement on 31 July 2025. A fellow of Chartered Accountants Ireland, he holds a DPhil from the University of Ulster and an MBA from Queen’s University Belfast. Ciaran’s teaching interests are in the areas of financial accounting and not-for-profit accounting. Ciaran’s main area of research is in the field of public services, particularly the financial and performance measurement aspects of the charity and public sectors.