Do you consent to the personal data you provide being held, in accordance with UK GDPR and the Privacy Policy of Professional HE Services, by the FEHE SORP making body and its delegated parties? If you select 'no' your name and email address will not be stored, but your organisational data (if relevant) and all consultation responses will be collected.
Yes/No
Name:
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Organisation:
Are you responding:
• On behalf of an organisation/body?
• As an individual?
If responding on behalf of an organisation or body other than your employer, please specify:
Please select what best describes the organisation:
• An organisation applying FRS 102 and the FEHE SORP
• A user of accounts prepared under FRS 102 and the FEHE SORP
• An accounting firm / auditor
• A regulator
• Other [text field for details]
Are you happy for BUFDG, on behalf of the FEHE SORP Board, to contact you if needed to discuss your responses?
Yes /No
Do you agree with the FEHE SORP Board’s proposal that the primary statements should remain unchanged and continue to be based on a single column presentation?
This question follows feedback received when the SORP was last updated in 2019 and at that time, the FEHE SORP Board agreed to continue with the single column approach. An alternative approach would be to align more closely with the Charities SORP which analyses income between restricted, unrestricted and endowment funds in separate columns on the face of the Statement of Comprehensive Income.
Do you agree with the FEHE SORP Board’s proposals in respect of the implementation of Section 20 'Leases' of FRS 102.?
Specifically, in relation to the SORP Board’s proposals in paragraphs 14.22 and 14.23 relating to leases that involve government grants and non-exchange transactions, are there are sector specific considerations, technical aspects, or specific examples relating to FE or HE that would be beneficial to include?
Do you agree with the FEHE SORP Board’s proposals in respect of the implementation of Section 23 'Revenue from Contracts with Customers' of FRS 102?
Specifically, with reference to the SORP Board’s proposal in paragraphs 16.33 and 16.34 that an institution shall now account for consideration payable to a customer as a reduction of revenue, do you anticipate any difficulties or major impact of implementing this change?
Furthermore, with reference to the examples given in Section 16.34 of consideration payable to a customer, do you have any other examples or similar situations that would benefit from inclusion in this Section?
The definitions of agent and principal have been changed in the new standard (as described in paragraphs 23.36 to 23.40 of FRS 102, 'Principal versus agent considerations'). Do you have any general comments, specific issues or remarks you would like to make in respect of this change?
To view the relevant sections of the old and new FRS for comparison purposes, click here.
Are there any technical aspects or specific examples relating to FE or HE that you think would be helpful/appropriate to include within the SORP document itself?
Do you have any general comments, specific issues or remarks you would like to make on the SORP 2026 Exposure Draft?
