6 Steps for Charities preparing for SORP 2026

If your charity is preparing for the significant reporting changes on the horizon, there’s a useful six-step action plan outlined by our colleague Zaynab Aswat on the UHY UK website we think is worth attention. Her guide breaks down how trustees and finance teams can get ready for the SORP 2026 updates well ahead of time.

The updated Charities Statement of Recommended Practice introduces a range of reforms that affect how charities account for income, leases and disclosures, alongside the new three-tier reporting structure.

Zaynab’s plan is designed to help organisations anticipate what’s coming and make practical adjustments before year-end reporting begins.

Her six key focus areas are:

• Identifying where your charity falls within the new tier framework and understanding the associated reporting obligations.
• Preparing for new lease accounting rules.
• Reviewing and mapping your revenue streams.
• Strengthening policies and documentation relating to legacy income.
• Updating internal systems and processes to support more detailed financial statement disclosures.
• Enhancing the narrative content in trustees’ annual reports under the refreshed guidance.

Each of these steps comes with practical tips from charity reporting specialists that trustees and finance leads can use as a checklist to help avoid last-minute rushes as SORP 2026 approaches.

For more detailed explanations download the full guide or just get in touch. We’d be happy to help you.

Read also how we help charities and NFPs with accountancy, audit and advisory services.

Original article by Zaynab Aswat on the UHY UK website.