Knowledge Hub

Carol Rudge from HW Fisher talks about what CFG's 2026 Annual Conference theme – 'Empowering Change, Inspiring Progress' – means to her and her team, and shares why she's excited that HW Fisher are once again supporting the event.

This is the second of two articles featuring responses from RSM to questions posed in a recent webinar on the new SORP which also featured CFG's Head of Policy, Richard Sagar. Here you'll find answers to questions on the tiered reporting framework, lease accounting and more.

RSM recently held a webinar, alongside CFG’s Head of Policy, Richard Sagar, covering changes in the new SORP. As you might imagine, there were lots of questions from attendees about what the new SORP means in practice, from income recognition and tiered reporting to new requirements about leases. This two-part article includes RSM’s detailed responses to those questions, and offers practical insight to help your organisation get ready for the changes.

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.