In 2025, the Charities SORP will be updated following public consultation and approval by the Financial Reporting Council (FRC). It is expected to come into effect from 1 January 2026.
The SORP-making body (consisting of the charity regulators of the UK and Republic of Ireland) is leading the development. Below is the published timeline:
- March 2025: public consultation will open and will run for 12 weeks.
- June-July 2025: consultation responses will be reviewed and the SORP will be updated as necessary.
- August to September 2025: FRC to approve the final version.
- October 2025: Final version to be published.
- 1 January 2026: Third edition of the SORP comes into effect.
More information can be found on the SORP-making body’s website.
Survey and consultation sessions now closed
Thank you if you took part in our survey and/or attended one of our SORP consultation sessions. Your participation shaped CFG’s response to the consultation and has given us valuable insights into your views on the Exposure Draft.
How is CFG responding?
CFG has now submitted its response to the SORP consultation. You can read the response and our media release here.
As the go-to body for charity finance, and having been instrumental in the formation of the original SORP, CFG has:
During the consultation phase
- Invited feedback during the consultation phase that has been collated and used to shape CFG’s response to the consultation. You can read our response here.
- Engaged with charities, partners and other interested parties and experts through a series of consultation meetings and roundtables, convened by CFG.
- Engaged with stakeholders through their own events and meetings, to share CFG’s insights and updates.
What’s next?
In 2025 and 2026, CFG will be:
- Working with stakeholders to launch a suite of learning resources, including training events and information packs.
If you would like to partner with CFG to develop training or have planned activities, we’d love to hear from you. Please email our Policy Team to express your interest or share your own activities.
If you would like any further information on the development of the SORP or CFG’s plans, please express your interest via email. We will be in touch with updates.
All relevant news, updates and events will be posted below. Please keep your eye on this page, our newsletters and website to keep up-to-date.
Podcasts
Talking about... Part 1: Understanding the new Charities SORP
Articles and publications
CFG response to SORP consultation (CFG media release, 20 June 2025)
The SORP exposure draft and legacy recognition, (Pesh Framjee, Special Advisor, CFG, 22 may 2025)
An overview on the changes in the Charities SORP exposure draft, CFG, 12 may 2025)
Charities SORP consultation - Get involved! (Richard Sagar, CFG, 17 April 2025)
Events and trainings
Dates tbc - look out in our newsletters and on email for training dates, coming soon!