SORP 2026 Revenue streams

In this episode, Giles Kerkham is joined by Chris Yeates to unpack the new revenue recognition requirements under SORP 2026. They explain the difference between exchange and non-exchange income, where charities may need to exercise judgement, and how the new five-step model could affect the timing of income recognition.

They also discuss practical areas to review now, including contracts, membership income and more complex service arrangements.

A practical guide to understanding the changes without getting lost in the accounting jargon.

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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.