Academies Accounts Direction 2010/11

Updated guidance on the Abbreviated Accounts Return

We have issued an update to the Accounts Direction 2010/11, which is Chapter 4 The Abbreviated Accounts Return (AAR). The chapter includes the format of the return and guidance notes for completion.

The return is much simpler and shorter than the detailed income and expenditure account, which Academies were required to complete previously to support their statutory financial statements.

It is applicable to Academies preparing financial statements for 2010/11 and should be submitted by 31 December 2011. For further information is available on the YPLA website.

Amendment relating to the recognition of local government pension surplus/deficits

Since the issue of the 2010 /11 Accounts Direction, we have received several queries regarding the recognition of local government pension surplus/deficits against unrestricted funds. We have consulted further with the DfE and the outcome of these discussions is to confirm that any surplus/deficit on local government pension funds should be recognised against restricted funds in order to match it against GAG.

This is the default position and how the YPLA and DfE expects 2010/11 financial statements to be prepared. However, if an Academy Trust and/or its auditors believe that it is more appropriate, for any reason, to recognise the surplus / deficit against unrestricted funds then they ought to do that, but will then need to disclose in their financial statements the rationale behind the decision.

If you have any queries, please email

Information and action for:

  • All Academies

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