Your six step action plan for SORP 2026

SORP 2026 introduces some of the most significant changes to charity reporting in more than a decade. With a new three tier framework, updated income recognition rules and enhanced disclosure requirements, many charities will need to rethink how they record, monitor and present financial information.

Our new brochure, Your six step action plan for SORP 2026, provides a clear and practical guide to help you prepare. It breaks down the key developments and outlines the actions trustees and finance teams should take now to ensure a smooth transition.

What’s changing?

SORP 2026 reflects the latest updates to FRS 102 and rising expectations around transparency and accountability across the sector. Key areas include:

• a new three tier structure based on gross income
• revised rules on contract income and legacy income recognition
• mandatory balance sheet treatment for most leases
• refreshed guidance for trustees’ annual reports, including enhanced impact and sustainability disclosures

These changes apply to periods beginning on or after 1 January 2026, meaning December year end charities will be affected from the 31 December 2026 reporting cycle.

What you’ll find in the guide

Our brochure sets out a six step action plan designed to help charities plan ahead and avoid last minute challenges. It covers:

• understanding your tier and the reporting requirements that apply
• preparing for new lease accounting rules
• reviewing and mapping your revenue streams
• strengthening your approach to legacy income recognition
• updating your systems, processes and financial statement disclosures
• enhancing the narrative in your trustees’ annual report

Each section includes practical tips from our charity specialists to support informed decision making and robust financial reporting.

Download our guide below