Charity SORP 26 - What is changing in the way charities recognise income?
Release Date: 09/21/2026
Charity SORP 2026: What does it mean for larger organisations?
Larking Gowen Insights
Giles Kerkham and Emma Hayward explore the changes affecting tier two and tier three charities, with a particular focus on the trustees’ annual report and the story charities tell through their financial reporting. They discuss impact reporting, reserves, risks, volunteers, financial performance and the need for stronger links between a charity’s activities, its financial information and its plans for the future. The focus is not on producing more words, but on producing clearer, more useful reporting for trustees, funders and other stakeholders. GET IN TOUCH! If you have any questions...
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Charity SORP 2026: What does it mean for smaller charities?
Larking Gowen Insights
In this episode, Giles Kerkham is joined by Lee Robinson to explore the key changes affecting tier one charities with income below £500,000. They focus on what trustees need to know about the annual report, including impact reporting, reserves, future plans, volunteers and the importance of linking the narrative to the financial statements. They also discuss the new reporting requirements that smaller charities may not have faced before, where trustees should exercise judgement, and why simply rolling forward last year’s report may no longer be enough. A practical guide to making your...
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Charity SORP 26 - What is changing in the way charities recognise income?
Larking Gowen Insights
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. GET IN TOUCH! If you have any questions about today’s...
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Charity SORP 2026 - Leases update
Larking Gowen Insights
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...
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The 2026 tax consultation shake up! VAT changes, company distributions, and corporate restructuring
Larking Gowen Insights
Gilly McGill and Dominic Carter discuss forthcoming and potential changes to UK tax law, including VAT digitisation, capital good scheme thresholds, and proposed changes to company share buybacks, buyouts and demergers. They explore how these changes impact businesses, landowners, and advisors, providing insights into upcoming regulatory shifts. Sign up to our to find out more about our Budget Live events. GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch, email us at or visit We'd also love it if you could rate us 5 STARS on Apple...
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Ultimate guide to GP partnership: what you need to know
Larking Gowen Insights
Jamie Butcher chats to Louise Dean about the key considerations, financial implications, and legal aspects of becoming a GP partner. They explore the transition from salaried GP to partner, focusing on understanding practice finances, partnership agreements, premises, and decision-making processes. GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch, email us at or visit We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify; this really helps people find us! You can find more episodes from this series on our website ...
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How tourism can thrive in a changing world – with special guest Cassie Davison
Larking Gowen Insights
In the first of three special episodes recorded live at the Tourism Business Survey seminar in May 2026, this episode explores the challenges and opportunities the UK tourism and hospitality sector faces as the Larking Gowen team reflect on 20 years of the survey and this years results. Plus we hear from industry expert, and the author of Stand Out Hospitality Cassie Davison, on what businesses should be doing to thrive in the face of constant change. You can find more recordings from this seminar at , including insights on the employment, staffing and marketing results, and full panel...
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VAT changes in UK tourism: what businesses need to know
Larking Gowen Insights
In this episode, Jo Burton and Gilly McGill discuss the UK government's VAT changes under the Great British Summer Savings scheme, exploring how businesses in the tourism, hospitality, and leisure sectors can prepare and adapt to these new, but temporary regulations. Resources: GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch, email us at or visit We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify; this really helps people find us! You can find more episodes from this series on our website © Larking Gowen...
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2025 Budget - it's impact on businesses
Larking Gowen Insights
Autumn Budget 2025 - Key Changes for Businesses Gllian McGill and Dominic Carter discuss the 2025 budget's impact on businesses, focusing on changes to employee ownership trusts and share-for-share exchanges. They explore the implications of new tax regulations, including the reduction of CGT exemptions for employee ownership trusts and the introduction of electronic invoicing. The conversation also touches on VAT changes and the potential for zero-rating land for social housing development. GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch, email...
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Maximising expense claims for GPs
Larking Gowen Insights
Louise Dean and Jamie Butcher explore the complexities of expense claims for GPs, breaking down what can and cannot be claimed for tax purposes. They discuss key areas including taxable income, state pensions, home office costs, professional subscriptions, equipment purchases, motoring expenses, and the growing implications of owning electric vehicles. They highlight the importance of understanding tax codes and provides practical guidance to help GPs make the most of legitimate claims while staying compliant with HMRC rules. GET IN TOUCH! If you have any questions about today’s episode or...
info_outlineIn 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.
GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch, email us at marketing@larking-gowen.co.uk or visit larking-gowen.co.uk
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We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, or ‘Like’ us on YouTube; this really helps people find us!
You can find more episodes from this series on our website, click here.
© Larking Gowen LLP
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.