Charities SORP 2026: Key Things to Know

OBJECTIVES

The Charities Statement of Recommended Practice (SORP) is being updated in line with the changes to FRS 102, and a wider sector review. Charities SORP 2026 will be effective for reporting periods starting on or after 1 January 2026. This webinar will highlight the key changes and requirements and will discuss what charities and practitioners need to think about ahead of implementation

KEY TOPICS

• Reminder of the scope and application of Charities SORP 2026 – who does it apply to, and when?
• Recap of the key components of a set of charity accounts
• The Trustees’ Annual Report
• Income recognition, including legacies, grants and contract income
• Costs and related disclosures
• Balance sheet considerations, focusing on the key changes from the current SORP
• Leases - high level summary of the main changes
• Other key disclosures in the notes to the accounts
• Be prepared – what are the priorities?

WHO SHOULD ATTEND

Accountancy practitioners who would like a high-level summary of the main changes within Charities SORP 2026

People who have a responsibility for preparing Charity SORP-compliant accounts for a charity

Trustees, especially Treasurers or other Trustees with a particular interest in or responsibility for the charity’s statutory Report and Accounts