The publication of the new SORP marks a significant moment for the charity sector, one that brings the potential to simplify reporting, improve transparency, and strengthen confidence in financial information.
At Sayer Vincent, we welcome this update and the opportunity it provides to help charities report clearly and proportionately. As longstanding supporters of better charity reporting, we’ve been actively involved throughout the development of the new framework and are ready to help you navigate what these changes mean in practice.
While there are no fundamental changes from the Exposure Draft released in March, the final version offers additional clarity, examples, and guidance, including:
✅ More examples of exchange and non-exchange transactions
✅ A flowchart for identifying and accounting for leases
✅ Updates on social investment treatment
✅ Two new help sheets for applying new accounting treatments
The new SORP will apply for financial periods beginning on or after 1 January 2026.
Check out the latest SORP blog by Sayer Vincent Partner Joanna Pittman to discover how these changes impact your charity: https://lnkd.in/gstV_2kf
🔗 Read the full SORP here: Download a full SORP - SORP
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