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Relate Software Group

Relate Software is Ireland’s leading provider of software to the accountancy industry. For over 20 years Relate Software has been providing reliable, simple and intuitive software to assist in the preparation of financial statements, tax returns and company filings.

Relate Software is mindful of the significant changes occurring in both the charities and not-for-profit sector in recent years where greater emphasis has been placed on Charity Governance and the accountability of Trustees through their Annual Report and Financial Statements.

Relate Accounts Production offers a fully compliant, easy to use, flexible charities format which assists in the preparation of financial statements and reports for both incorporated and unincorporated charities.

Relate Software’s Charities template is designed to help Charities and their Accountants, comply with:

  • The reporting requirements of company law including Charities SORP (FRS 102), Companies Act 2014 and the Charities Act 2009.
  • The requirements of the appropriate Statement of Recommended Practice (SORP) published by the Charity Commission.

In particular it enables accountants to easily produce the following:

  • A Statement of Financial Activities (SOFA)
  • A summary Income and Expenditure Account
  • Analysis of the charity’s income and expenditure across various funds
  • Analysis of the charity’s restricted, unrestricted, designated and endowment funds
  • Analysis of different sources of income and expenditure

Currently the Charities SORP (UK) is adopted voluntarily in the Republic of Ireland by most large-sized charities, but it is the regulator's intention to bring in a mandatory requirement for the use of the SORP by charities with gross income in excess of €250,000. This will obviously affect a large number of charities and it is time now to prepare for this impending change.

Relate Software is at hand to assist charities in meeting their reporting requirements under SORP by offering an easy-to-use software package that will ultimately reduce costs and enable management and trustees to focus on running the day to day operations of their charity.

Relate Software run a specific training course on our Charities SORP format in addition to sector specific compliance courses presented by our Director of Compliance and Professional Standards, Martin Nolan B. Comm., FCA, AITI, MA.

Contact: Conor Kerrigan

Email: sales@relate-software.com

Relate Software Group, Ensuring Compliance

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