Charity makes ad hoc large donations to a cancer charity. How is this categorised in charity SORP accounts? Ie it is not cost of generating voluntary income, cost of charitable activities, cost of trading etc? I cant seem to find an appropriate expense code.
Many thanks
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Seems pretty obvious to me...
If its charitable activity is making grants, then the payment of a grant is cost of charitable activity isn't it? SoRP 2005 para 189 refers
Edit: often there is disclosure in a note and sometimes accounting policy for recognition of the expeniditure (on payment or on agreement with the recipient)
yes i was thinking that
but then the sub-categories, I use sage for this and there doesn't seem to be a suitably named expenditure code within cost of charitable activities. Best I can see is " activity 1 direct - other costs"
Up to you...
but then the sub-categories, I use sage for this and there doesn't seem to be a suitably named expenditure code within cost of charitable activities.
Why not add one if it's a regular occurence? It's your chart of accounts, and IMHO time spent getting the CoA right is rarely wasted
