A new Charities SORP information
sheet applicable to large charities has been published on
carbon reporting. The Information Sheet 5 covers the new
requirement for large UK charitable companies to include
environmental information in the Trustee's report.
The Information Sheet provides guidance to charities which fall
within the Companies (Director's Report) and Limited Liability
Partnerships (Energy and Carbon Report) 2018 Regulations. The
definition of a large company for the purposes of the Regulations
is met if two of the following qualifying conditions have existed
for two financial years:
1. Gross annual income of more than £36 million;
2. Gross (total) assets of more than £18 million;
