Issue - meetings

To receive an update on changes on accounting policies.

The Head of Finance presented a report on changes to the accounting policies.

During the discussion of this item, the following points were made:

·         For 2019/20, there had been no significant changes to any policies except for general clarification around terminology, grammar and duplications.

·         It was noted that the implementation of changes on the accounting standard IFRS 16 – Leases had been delayed.

·         Members were informed that various deadlines had been amended because of the COVID 19 crisis.

RESOLVED:  That the revised Statement of Accounting Policies as per Appendix A of the report be approved for inclusion in the Statement of Accounts for the year ended 31 March 2020.