Issue - meetings

This report sets out changes in Accounting Policies for 2025/26 and the timelines for completion of the draft Statement of Accounts for 2025/26.

Recommendation

·        To note the update in relation to the 2025/26 Statement of Accounts timeframes.

·        To review the draft Accounting Policies for 2025/26 as set out in Appendix 1 and note that a further update will be presented to the Committee at the next meeting.

The Chief Accountant introduced the report, highlighting the key changes for approval and also clarified wording of the report at 3.1.10 that optionality is reinstated, meaning two options being available for treating accumulated depreciation.

There were no questions or comments.

The Committee noted the report.

RESOLVED:

Recommendation

• To note the update in relation to the 2025/26 Statement of Accounts timeframes.
• To review the draft Accounting Policies for 2025/26 as set out in Appendix 1 and note that a further update will be presented to the Committee at the next meeting.