Income recognition: what’s changing in the Charities SORP 2026?

Event information

The way charities will assess the recognition of income is changing under the upcoming Charities SORP 2026, especially for income generated from contracts and legacy income. This practical webinar is designed to help finance professionals working with charities get to grips with the proposed new recognition criteria, including the 5-step model for recognising income from contracts with third parties.

Join RSM’s Nick Sladden and Sharon Monteith, as they highlight the key changes, clarifying how to distinguish between non-exchange and exchange transactions, and explaining the difference between restrictions and performance conditions. Through worked examples tailored to real charity scenarios, you’ll see how these changes could affect your financial reporting—and what you need to do now to get ready.

Key benefits

• How to distinguish between exchange and non-exchange transactions.
• Learn about the new income recognition requirements for contract income under FRS 102 and applying the 5-step model.
• Understand the changes to legacy income.
• Refresh your knowledge on the recognition criteria for other key income streams.
• Understand how to implement the changes.

About the speakers

	Sharon Monteith, Accounting and Financial Reporting Director, RSM UK Sharon Monteith is a Director in RSM’s Finance Function Support team with over 20 years’ experience working collaboratively with trustees/governors, CFOs, finance directors and wider finance teams assisting them with their accounting and financial reporting needs. Sharon specialises in the not-for-profit sector and has in depth knowledge of the accounting requirements of UK GAAP, Charity SORP, FE & HE SORP, Housing SORP and the associated Accounts Directions. Sharon is leading the RSM team who are developing our internal and external response to the upcoming changes in the SORP.
	Nick Sladden, Head of Charities, RSM UK Nick heads the RSM charities team at RSM. He advises on audit, assurance and financial reporting and is an audit partner for a number of Top 250 charities. Using his 20 years’ experience in the sector, including working in Germany and Romania, Nick has developed RSM’s in-house guidance on Charities SORP FRS102 and undertaken research projects on the adoption of the Charity Governance Code. Nick holds the Diploma in Charity Accounting and has completed the Governing for Nonprofit Excellence Program at Harvard Business School and is a trustee of a national charity and a school governor. He is also Chair of Trustees at the RSM UK Foundation.
	Kristina Kopic FCA DChA, Head of Charity and Voluntary Sector, ICAEW Kristina is a chartered accountant who has worked in and for the Not-for-Profit sector for over 15 years. Kristina trained at charity specialists Sayer Vincent and subsequently worked in finance roles at the Royal College of Nursing, Imperial College London and the Sainsbury Family Charitable Trusts. Kristina holds charity-specific qualifications in accountancy, law and governance and a Master in Voluntary Sector Management from Bayes Business School (formerly Cass).

CPD hours

ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Attending this webinar could contribute up to 1.5 hours of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the webinar booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Costs

ICAEW members and non-members are welcome to join. This event is organised by the Charity Community. Please click here to join online.