All UK higher education institutions (HEIs) are required to report Transparent Approach to Costing (TRAC) data annually.
TRAC reporting for 2015-16 is the first to be prepared under the new higher education (HE) Statement of Recommended Practice (SORP), applying Financial Reporting Standard (FRS) 102. This reporting standard introduces some significant changes in the way financial performance is reported, making comparison difficult between the latest results and historical TRAC data. Data for 2015-16 therefore forms the baseline for the start of a new time series of TRAC data.
TRAC data for previous years: