Take part in consultation on amendments to the Housing SORP

23 July 2025

Statement of Recommended Practices (SORPs) interpret accounting standards and provide recommendations on financial reporting for particular industry segments, such as the housing association sector, to which the general rules don’t easily apply.

The Financial Reporting Council published improvements to financial reporting standards following amendments to Financial Reporting Standard (FRS) 102. The SORP Working Party (SWP) wants to revise the Housing SORP to reflect these changes and other topical accounting issues that have arisen since the last revision in 2018.

How to respond

As part of this process, we invite comments from the public on the following documents:

Housing SORP 2026 Exposure Draft. [download link]
Basis of conclusion, which sets out the main issues considered in developing the proposed recommendations. [download link]

The SORP Making Body has also identified particular areas on which comments are invited, outlined in the questions below. It would be helpful if respondents could support comments with reasons and, where applicable, preferred alternatives.

Please respond no later than xxx.

This consultation is likely to be of interest to anyone involved in preparing or using housing association financial statements, including, but not limited, to:

Social housing providers across the UK and Ireland.
Auditors.
Lenders.
Accountant and treasury advisors.
Regulators.

Please note that responses to this consultation will be made publicly available on the National Housing Federation (NHF) website - on behalf of the SORP Making Body - unless confidentiality is specifically requested.

Consultation events

The NHF will hold a webinar on Friday 25 July where the SWP chair and technical advisor will present details about the revised Housing SORP and consultation process, followed by a short Q&A session.

Attend our webinar (link).

Consultation timeline

July 2025: public consultation opens and runs for 12 weeks.
October 2025: the SWP reviews consultation responses and updates the SORP accordingly.
December 2025: final version of the SORP is published.
1 January 2026: the SORP comes into effect.

Who to speak to

Matthias Barker, Finance Policy Leader

020 4558 6188

matthias.barker@housing.org.uk