Knowledge Hub

The revised Charities SORP, which now applies to accounting periods starting on or after 1 January 2026, represents a shift in expectations. It is not simply about compliance, but about improving the quality, clarity and usefulness of charity reporting. 

While the updated Charities SORP introduces new expectations, many of the same reporting challenges continue to appear in practice. Addressing these recurring issues is key to improving reporting quality.

The updated Charities SORP introduces significant changes to the Trustees’ Annual Report. While many of these are technical in nature, they reflect a broader shift towards greater transparency, accountability and meaningful reporting.

March is when people across the world celebrate the achievements of women and the contributions they make. We therefore spoke to Kate Oprava, who oversees financial management and company secretarial responsibilities at Funds for Women Graduates (FfWG), a charity with over a century of history supporting women in higher education.

Sayer Vincent's Joanna Pittman provides a technical article focusing on setting out a practical approach to identifying exchange and non-exchange transactions. Joanna explains the relevant recognition criteria under the new SORP, and outlining how income should be recognised in each case to ensure compliance.

We recently spoke to the new chair of CFG's Arts and Museums Special Interest Group (ARTSIG), Margaret Anderson, Chief Finance Officer at Inspire. Margaret shared her journey from music student to CFO, her passion for the arts sector, and her vision for building ARTSIG into a thriving community where finance professionals can share knowledge, tackle sector-specific challenges, and support one another.

Are you ready for the new SORP? CFG is hosting a series of online, interactive learning sessions, led by CFG’s expert corporate partners, designed to provide focused, practical insights into key changes. Each session brings together small groups of up to 35 participants, creating an environment for open discussion and peer learning.

Understanding the new SORP will be crucial to preparing your charity’s next trustees’ annual report. At a recent training session hosted by CFG, Helena Wilkinson took attendees through all the important changes relating to trustees' annual reports. Emma Abbott reports.

CFG's policy experts, Richard Sagar and Isaac Bristol, pore over all the relevant announcements and changes so you don't have to.

UHY's Harriet Hodgson-Grove takes a look at what came out of the recent COP30 climate summit, particularly relating to the UN's Sustainable Development Goals, and what this could mean for charities as we head closer to 2030.

With the publication of the final Charities Statement of Recommended Practice (SORP), CFG’s Head of Policy, Richard Sagar, highlights what charities across the sector will need to be aware of before the SORP comes into effect in 2026.

We were recently asked by Third Sector to contribute to their article on creating meaningful impact reports. This got us thinking about how charities can transform what's often seen as a compliance burden into one of their most powerful strategic tools. And as we’ve just finished writing our own annual report, we thought we’d share some of the lessons we learned.