Updated 2026 SORP: Trustees’ Annual Report

The 2026 Statement of Recommended Practice (SORP) introduces significant changes that will affect how charities prepare their financial statements. These updates aim to improve transparency, strengthen governance, and ensure consistency across the sector and will apply for your charity’s first year or period end starting after 1 January 2026 (31 December 2026 or 31 March 2027 for most).

Join us for the first webinar in our SORP deeper dive series, where we will break down the key changes in the requirements for the report, explain what they mean for your charity, alongside a closer look at several of the other SORP modules.

What we’ll cover:

• The new three-tiered reporting requirements and application in practice
• Impact reporting changes
• Additional disclosure requirements around volunteers and legacies
• Sustainability and ESG considerations
• Charitable reserves and reserves policies
• The primary financial statements: SOFA, balance sheet and cash flow
• Accounting for investments and social investments

The report is crucial for many reasons and its impact can be very powerful for your charity, as can staying at the forefront of best practice as it develops in these areas – so don’t miss out on this very important webinar.