The SORP (FRSSE) has been withdrawn for years ending 31 December 2016 onwards. This leaves only the FRS102 SORP. An updated SORP bulletin was issued in February 2016. This provides small charities with some disclosure exemptions. A small charity is defined as having an income below £500k and early adoption of this new bulletin is allowed. Only larger charities (income over £500k) need to produce a cash flow statement.