The External Reporting Board
Updated 10 July 2023
What's changing?
In May 2023, the External Reporting Board (XRB)(external link) published new reporting standards for Tier 3 and 4 charities.
Although these new standards are not mandatory until next year (reporting periods beginning 1 April 2024), charities may choose to adopt these new standards earlier. If your reporting period ended on or after 15 June 2023 (so filing with us in December 2023), you can look into early adoption.
Where can I find more information?
The XRB have started releasing resources for Tier 4 charities to give some information around the new standards
- A Tier 4 charities hub on their website(external link) with up-to-date information on the new reporting standards.
- A webinar(external link) introducing the new Tier 4 reporting standards.
- A short “how to guide(external link)” which shows how to complete the new simplified Tier 4 performance report template.
We are working closely with the XRB and will provide more guidance and resources on the Tier 3 and 4 reporting standard pages on our website.