Guidance

Guide for academies on the Charities SORP 2015

A brief guide to the Charities Statement Of Recommended Practice 2015 for academy trusts incorporated before 1 January 2015

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This brief guide, published by the Education Funding Agency (EFA), is for academy trusts incorporated before 1 January 2015.

It sets out the main changes arising from Financial Reporting Standard (FRS) 102 and the Charities Statement Of Recommended Practice 2015 (SORP 2015) that are relevant to these trusts, and specific transition actions they should consider now.

The Charity Commission and the Office of the Scottish Charity Regulator issued SORP 2015 on 16 July 2014. It is effective for accounting periods beginning on or after 1 January 2015.

Published 29 August 2014
Last updated 27 August 2015 + show all updates
  1. The Education Funding Agency (EFA) has updated the guide for academy trusts on the main changes arising from the Charities Statement of Recommended Practice (SORP) 2015. It sets out transition issues and actions trusts incorporated before 1 January 2015 should consider now.
  2. First published.