SORP 2026 Leases

Lease accounting is changing significantly under the revised FRS 102 and Charity SORP 2026.

In this episode, Giles Kerkham and James Nichols explain what the changes mean for charities, including why many leases will now appear on the balance sheet and how this could affect reported assets, liabilities and expenditure.

They also explore the practical issues charities need to consider, from identifying leases and gathering key data to making judgements around lease terms and exemptions.

Most importantly, they explain what finance teams and trustees can start doing now to make the transition smoother.

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This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.