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UK charities statement of recommended practice (SORP) development 2025

7 April 2025 | Applicable law: England and Wales | 1 minute read

The Crime and Policing Bill, which has recently had its second reading in Parliament, is set to introduce a range of measures to tackle anti-social behaviour, sexual offences, knife crime and radicalisation.

The consultation into the amendments to the Charities Statement of Recommended Practice (SORP), which sets out requirements and recommendations on financial accounting and reporting for charitable entities, has now opened and will close on 20 June 2025.

The proposed changes include:

  • changes to the trustees' annual report; 
  • the introduction of a three-tier model based on charities' gross income; and
  • various changes made as a result of changes to FRS 102, including to lease accounting.

The updated SORP is expected to come into effect from 1 January 2026, once approved by the Financial Reporting Council.

Details of the consultation are available here.

This piece was co-authored by Rebecca Willis, a trainee solicitor at the time of writing. 

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.

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