Transition date

Two sets of changes hit charity accounts at once, and they apply on different bases. Conflating them is the most common error in current sector commentary.

The 2026 SORP applies to reporting periods beginning on or after 1 January 2026. The 2026 threshold changes apply to financial years ending on or after 30 September 2026. A twelve-month year running from 1 October 2025 is caught by the thresholds but not by the SORP.

Work out which rules bite for your specific year end before planning anything: see SORP transition. Scotland adopted the new SORP through its own 2025 regulations, on the period-beginning basis.