The Statement of Accounts summarises the Council's financial performance during each year end and shows its overall financial position at the end of that period.
The Statement is prepared in accordance with the Code of Practice on Local Authority Accounting (the Code), as published by the Chartered Institute of Public Finance and Accountancy (CIPFA). The Code is based on approved accounting standards issued by the International Accounting Standards Board (IASB) and interpretations of the International Financial Reporting Interpretations Committee (IFRIC), except where these are inconsistent with specific statutory requirements.
The principle basis, conventions, rules and practices that specify how the effects of transactions and other events are reflected in the financial statements of the Council are set out in the section of this report headed ‘Statement of Accounting Policies’. These accounting policies are kept under review and updated where appropriate to take account of changes in accounting practice adopted within the Code.
Current statement
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Narrative report
This Narrative Report summarises what Rotherham Metropolitan Borough Council spent in 2019/20, how it was spent and what has been achieved in line with the Council’s priorities and specific improvement agenda.
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Annual Governance Statement
The Council's governance framework comprises the systems, processes, values and behaviours by which the Council is directed and controlled. It also comprises the activities through which the Council is accountable to, engages with and leads the community.
Find out more about the Council's governance framework in our Annual Governance Statement 2022-23.