Accounting, reserves and financial issues

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This page provides guidance for hospices on preparing statutory accounts and formulating a reserves policy.

Preparing statutory accounts

We have produced a guide to help our members prepare their financial statements in order to comply with the new FRS 102 Charities Statement of Recommended Practice (SORP). This consists of a set of model accounts with accompanying guidance notes.

This guidance is of a general nature and specific advice should be sought from your own professional adviser for your specific situation.

If you have any questions or comments please email us.

We are very grateful to Price Bailey for preparing the model set of hospice accounts.

Downloads

Example Hospice Accounts under FRS 102 SORP

Download the document

Guidance on the FRS 102 SORP

Download the document
Reserves policy resources

Guidance from the Charity Commission

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Guidance from Sayer Vincent

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Further resources

In the second of a two-part blog Hospice UK's Interim Chief Executive Craig Duncan shares some of the common self-reported reasons why hospices found themselves towards the bottom of the Hospice Financial Sustainability Index

VAT refund scheme for hospices

The introduction of a VAT refund scheme for hospices across the UK, that was passed into law as part of the Finance Act 2015.
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Financial benchmarking

Information that Hospice UK has gathered around financial benchmarking for hospices.
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Guidance on tax issues

Useful guidance on a range of tax issues that may affect hospices and other organisations providing hospice care.
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We’ve put together a suite of financial support for hospices: useful information and resources for hospice leaders and staff who have financial responsibilities

Finance Support for Hospices

Hospice UK aims to help share useful information and resources and encourage a supportive network of colleagues at hospices who have financial responsibilities.

Find out more