Charities are you ready for tiered reporting? (SORP 2026)

The ‘Statement of Recommended Practice: Accounting and Reporting by Charities’ (‘the SORP’) ensures consistency and transparency across the sector, making charity accounts comparable, understandable and useful for donors, beneficiaries, and the public alike. It has been updated following an extensive development process informed by the views of engagement partners and a sector specific SORP Committee.

DEFRA grant funding announcements

The Department for Environment, Food & Rural Affairs (DEFRA) confirmed that several grant funds will reopen, providing financial support for farmers and estates. These grants are designed to help improve productivity, sustainability and innovation across the sector. However, this has been somewhat overshadowed by the closure of the Sustainable Farming Incentive (SFI) scheme, with payments stopped with immediate effect.

Navigating wage increases, staffing shortages and the future of work for SMEs

The increase to the National Minimum Wages (NMW) from April 2025, will see another increase in NMW since its introduction. While many employees and businesses favour the proposed increases which go some way to offset the uplift in the cost of living, some SMEs oppose the rise saying that it is only a ‘benefit’ to businesses that can afford it.

May downloadable guides

Our monthly downloadable guides for you to tread at your leisure.

Spring Statement Summary: ‘Global economy becomes more uncertain’

The chancellor Rachel Reeves made her first spring statement. She said, ‘now the task is to secure Britain’s future within an insecure global financial backdrop, helping Britain to reach its potential…Labour was elected to bring change to the country, to provide security to working people and to deliver a decade of national renewal.’ The following article outlines the announcements made.

April downloadable guides