Each year, the Department for Education releases financial framework documents for academy trusts and their auditors to support the preparation of annual reports and financial statements, consisting of:
•Academies Accounts Direction (AAD)
•Academies model accounts (Coketown accounts)
•Framework and guide for external auditors and reporting accountants of academy trusts
Updates for 2025 to 2026 were released on 25 March 2026. Each edition reflects legislative updates, accounting clarifications, and feedback from the DfE’s assurance work, with summaries of the changes highlighted in the opening pages of both the Direction and the Model Accounts.
Please find the key changes here.
Further information regarding the new SORP can be found here.
This material is for informational purposes only and should not be relied upon as professional advice.
