In this release, we have introduced several key compliance enhancements to support updated statutory and reporting requirements.

Compliance updates include:

UK Charity SORP Tier 1 Natural Classification SOFA – introduces a new simplified Statement of Financial Activities based on natural classification for Tier 1 charities.

Co-operative and Community Benefit Society Act 2014 – Phase 2 – expands support for UK society accounts with updated terminology, reports, and statutory formats.

FRS 102 Lease Accounting Model – delivers full support for the updated lease accounting requirements for accounting periods commencing on or after 1 January 2026, with early adoption available.

These updates help ensure your accounts remain fully compliant with the latest financial reporting standards and legislative requirements across the UK and Ireland.

UK Charity SORP Tier 1 Natural Classification SOFA
A new Statement of Financial Activities using a natural classification basis is now available for Tier 1 charities with accounting periods commencing on or after 1 January 2026, supporting simplified SORP reporting.

For more details, click here

Co-operative and Community Benefit Society Act 2014 – Phase 2
Expanded support for UK society accounts includes updated terminology, new Independent Reporting Accountant’s Report options, and refined statutory formats in line with Phase 2 CCBSA requirements.

For more details, click here

FRS 102 Lease Accounting Model Support
Full implementation of the updated FRS 102 lease accounting model for accounting periods beginning on or after 1 January 2026 (early adoption permitted), including right-of-use asset recognition, lease liability treatment, and automated disclosures.

For more details, click here