One of the big changes forced on the Sorp by FRS 102 is to include on the Sofa all investment gains, both realised and unrealised, with income and expenditure. The Sorp has done this by adding a separate line, so there are now three lines of profit: one before the investment income and gains, one after it, and a third after other gains and losses.
A new section in the Sorp deals with social investments, defined as either programme-related or mixed-motive. The first always relates exclusively to the charity's aims; the second contributes to the charity's purposes and makes a profit.
Programme-related and mixed-motive should always be shown separately, but not ethical investments. Investments are always shown at market value, but not programme-related or mixed-motive: these are shown on a cost basis and reviewed annually, unless there really is a market value to use.
How an investment is described should always be based on the trustees' initial plan: if an investment goes wrong, you can't suddenly decide it was mixed-motive.