Issue - meetings

The Finance Business Partner introduced the report, explaining that the Council was required to set its accounting policies in advance of closing the accounts. She drew Members’ attention to Appendix A, which outlined these policies and described the accounting treatment applied to transactions during the financial year and in preparing the Statement of Accounts.

Members heard that the Council must publish its draft Statement of Accounts for 2025/26 by 30 June 2026. The Finance Team had reviewed the accounting policies to ensure they remained relevant, clear, and compliant with the Code of Practice on Local Authority Accounting. Members were advised that the 2025/26 Code introduced no changes requiring amendments to the Council’s accounting policies, which therefore remained substantively the same as those used in preparing the 2024/25 Statement of Accounts.

The Chair thanked the Finance Business Partner for the report.

There were no questions or comments from Members.

It was moved by Councillor Deeringand seconded by Councillor Nicholls that that the recommendations, as detailed, be approved.

After being put to the meeting and a vote taken, this motion was declared CARRIED.

RESOLVED – that the accounting policies set out in Appendix A, be approved for use in the 2025/26 Statement of Accounts.