Finance Directors and senior colleagues are invited to join Stuart McKay and Carina Ralfs from VODG partner, MHA, to prepare for the implementation of the new Charities SORP 2026, which is applicable for accounting periods commencing from 1 January 2026.
The updated SORP introduces significant changes to financial reporting, with major implications for how charities recognise revenue, account for leases, and present financial performance. This in-depth “101” session will focus on two high-impact areas of the new Charities SORP:
- Revenue accounting under the new framework
- Lease accounting and right-of-use asset recognition
This session will follow a practical, structured approach to help you understand not just what has changed but also how to implement those changes within your own organisation.
Webinar Topics
Part 1: Revenue Accounting 101 under the New SORP
Covering:
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The new five-step model for exchange transactions
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Recognising grants with and without performance obligations
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Treatment of restrictions vs. conditions
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Legacy recognition
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Disclosure requirements
Part 2: Lease Accounting 101 under the New SORP –
Covering:
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Identifying lease arrangements
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Right-of-use assets and lease liabilities
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Peppercorn and concessionary leases
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Measuring and remeasuring lease liabilities
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Transition from existing operating-lease accounting
What You Can Expect From Each Session
MHA will take you through a clear and consistent process:
1. Understanding the new requirements: MHA begin with an accessible explanation of the new SORP provisions, including the relevant modules and underlying FRS 102 requirements.
2. Comparing new requirements with current practice: MHA will set out how the SORP 2026 rules differ from the existing SORP guidance, highlighting what this means operationally for finance teams.
3. Step-by-step implementation guidance: MHA will show you how to apply the new requirements in practice, including:
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Revising accounting policies
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Updating financial systems
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Adjusting processes for recognition, measurement and disclosure
4. Transitioning to the first day of your new accounting period: MHA will outline how to prepare for opening balance sheet adjustments and comparative restatements, as required when adopting new SORP provisions.
5. Worked examples and real-life scenarios: each session will conclude with detailed examples that demonstrate the full journey from current practice to the new requirements in real-world charity contexts—giving you the confidence to apply the SORP in practice.
Speakers
Stuart McKay
Carina Ralfs
Accessibility
Please note, should you have any accessibility requirements, we will do our best to make necessary arrangements to support you; however, we may require up to four weeks notice, so please list your requirements on the booking form. Closed captions are used as a standard in online meetings. If you have any questions, please email [email protected].
