This Information Sheet is designed to assist practitioners in implementing the Charities SORP (FRS 102) in relation to the preparation of accounts for Charitable Community Benefit Societies with specific reference to their use of community shares, i.e. withdrawable, non-transferable share capital.
It is also a useful resource for all societies in preparing accounts that are fair and true. This information sheet has been developed by the Co-operative and Community Capital Committee at Co-operatives UK in partnership with the SORP-making body.
This information sheet has not yet been formally published by the SORP making body and is being made available in the meantime for reference.