The Charities SORP has recently been updated, and SORP 2026 will apply to reporting periods starting on or after 1 January 2026.

For smaller charities, the new system introduces three reporting tiers, with Tier 1 covering charities with income up to £500,000. The aim is to make reporting more proportionate, with the greatest level of detail required from larger charities.

There are, however, some changes for smaller charities to consider. Trustees’ Annual Reports will need to provide clearer information about the charity’s activities, including its impact and the contribution made by volunteers. There are also new or updated requirements around areas such as reserves, sustainability and governance.

There is also a separate change to charity accounting thresholds in England and Wales. From 30 September 2026, the threshold for preparing receipts and payments accounts increases from £250,000 to £500,000, which may give some smaller charities a simpler reporting option.

What should you do? If you are a small charity, check which reporting requirements apply to your organisation and speak to your independent examiner or accountant if you are unsure.

Find out more: The full SORP 2026, summary of changes and further guidance are available from the Charities SORP website. The Charity Commission’s guidance on changes to charity accounting and reporting also provides a useful overview for charities in England and Wales.