The example annual report that follows includes the financial statements of Typipens Pension Scheme, a United Kingdom Occupational Pension Scheme.
These illustrative financial statements show the principal requirements of FRS 102 (including the 2018 Pensions SORP) and include disclosures relating to the early adoption of the 2018 SORP and Improvements and Clarifications Amendments to FRS102. The 2018 SORP must be adopted for periods commencing on or after 1 January 2019, but may be adopted earlier.
Typipens Pension Scheme is a fictitious pension scheme. The annual report has been prepared for illustrative purposes only and shows the disclosures and formats that might be expected for a pension scheme of its size and complexity.
These financial statements also include voluntary disclosures that illustrate certain aspects of disclosure under FRS 102.