The Charities SORP 2026
For charities across the UK, this update brings both opportunities and challenges, as it aims to improve transparency, simplify reporting, and align more closely with the revised FRS 102 accounting standard.
Michael works primarily with charities and not for profit organisations and has specialised in the sector for over ten years.
Prior to joining Price Bailey, Michael worked for the Ministry of Defence at the Defence School of Languages in Beaconsfield, before studying law at university. He then trained with Rouse Partners LLP and qualified in 2006. Michael developed an interest in charities and went on to become a senior manager in the charity team at Haysmacintyre. Whilst there he managed the audits of a wide variety of not for profit clients – including theatres and arts organisations, large international charities, national education and membership bodies, sports charities and independent schools.
Michael enjoys getting to know how charities work and understanding the people involved. He recognises that audit is not just a compliance process, but an opportunity to help charities build better systems and spot areas to minimise risk and maximise reward.
Michael is a member of both ACCA and the ICAEW and holds a practicing certificate for both. Through Price Bailey, he can assist charities with a wide variety of services including audit, advisory work, and advice on tax issues affecting the sector.
Outside of the office, he is a keen Wycombe Wanderers fan, alongside an interest in theatre and arts, and an enthusiastic international traveller.
For charities across the UK, this update brings both opportunities and challenges, as it aims to improve transparency, simplify reporting, and align more closely with the revised FRS 102 accounting standard.
The long awaited exposure draft charity statement of recommended practice for 2026 (SORP) has finally landed, and with it comes a major change in the structure of how charities report in their accounts. Read more here...
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