The Statement of Recommended Practice (SORP) sets out proposals for accounting and reporting by charities in the context of the updated FRS 102 for financial years beginning on or after 1 January 2026.
The SORP supplements accounting standards and other legal and regulatory requirements. Input from preparers, auditors and examiners of charity accounts, trustees, employees and beneficiaries of charities and others who may use charity accounts including donors, funders, financial supporters and other stakeholders is encouraged. Take the survey here. Deadline: 20 June.