Statement of accounts
The Statement of Accounts is the statutory summary of the council's financial affairs for the financial year and is prepared in accordance with the local government Accounting Code of Practice (ACOP).
Accounts and Audit (Wales) Regulations 2014
Regulation 10(1) of the Accounts and Audit (Wales) Regulations 2014 (as amended) requires that Responsible Financial Officer of Swansea Council sign and date the statement of accounts, and certify that it presents a true and fair view of the financial position of the body at the end of the year to which it relates and of that body's income and expenditure for that year. The Regulations required that this be completed by 31 May 2025.
Due to ongoing service pressures, the Statement of Accounts for 2024/2025 has not yet been completed and therefore the Responsible Financial Officer has not signed and certified the accounts for the year ended 31 March 2025. The Authority intends to complete preparation of the Draft Statement of Accounts by 30 November 2025.
The purpose of the Statement of Accounts is to give electors, local taxpayers, council members and any other interested parties clear information on the overall finances of the council and to demonstrate the city council's stewardship of public money for the year.
