A new edition of the Charities Statement of Recommended Practice (SORP) — Accounting and Reporting by Charities — was published on 31 October. The updated guidance introduces several important changes that will come into effect from January 2026.
The SORP sets out how charities should prepare their accounts and annual reports, ensuring transparency, consistency and accountability across the sector. The 2026 updates aim to modernise reporting, strengthen governance expectations and improve clarity for trustees and readers of charity accounts.
Charities, trustees, finance leads and advisers are encouraged to familiarise themselves with the upcoming changes to ensure they are prepared ahead of implementation.
