CHARITIES SORP (FRS 102) - Accounting and Reporting by Charities:

It aims to provide necessary clarity that the accounting recommendations in the Charities SORP apply to all Charitable Societies and provide advice on the requirements of FRS 102 and the recommendations of the SORP relating to Charitable Societies using share capital. [...] The notes to the balance sheet should provide particulars relating to the issuance of shares comprising the balance sheet figure, interest payable (indicative or actual interest paid), the nature or any indications to the use of those funds and any trustee decisions made, if any, in respect of future plans for withdrawal of share capital. [...] As per paragraph 4.12 of FRS 102, the notes should also include a brief summary of the conditions of members’ share capital such as the withdrawable, non-transferable nature of the shares and the rights attached to the shares. [...] The annual report should in the context of this requirement include the approach the trustees have taken in the year to enable withdrawals of share capital. [...] Note that the interaction of the fund balances found in the Statement of Financial Activities and the balance sheet differs from the presentation found in charities without equity items and this is due to the SOCIE.