Consultation on changes to charity accounting rules
The Charity Commission and its sister bodies in Scotland and Northern Ireland have launched a public consultation on the next version of the charities accounting and reporting framework.
This framework, known as the charities’ Statement of Recommended Practice (SORP) is the sector standard for accounting and reporting for charities that are companies or have an income over £250,000.
It ensures consistency and transparency across the sector, making charity accounts comparable, understandable, and useful for donors, beneficiaries, and the public alike.
It has been updated following an extensive development process informed by the views of partners and a sector specific SORP Committee.
The regulators are now inviting comments on the draft and the feedback will help shape the final version, which is expected to be published in autumn 2025.
We recommend that those charities who prepare accounts using the SORP start to get ready for the changes, which are expected to come into force for financial years starting from 1 January 2026.
