Updated SORP 2026: Lease accounting

The 2026 Statement of Recommended Practice (SORP) introduces significant changes that will affect how charities prepare their financial statements. These changes, to lease accounting, will apply for your charity’s first year or period end starting after 1 January 2026.

Join us for our next webinar in our SORP Deeper Dive Series, where we will break down the key changes in the requirements for lease accounting, explain what they mean for your charity, alongside practical examples and suggestions from our Moore Kingston Smith experts.

What we’ll cover:

• Identifying a lease
• Charitable leases involving peppercorn or nominal rent
• Social donation lease accounting
• The new on balance sheet model for lessee accounting
• Exemptions from applying the new model
• Transition requirements
• Lessor accounting changes
• Practical implications & calculations

If you have any questions for our panel, you’ll have the chance to raise them during the webinar or you can submit them in advance here.