2012 to 2013 annual accounts

The Statement of Accounts for the year ended 31 March 2013 has been prepared and published in accordance with the Accounts and Audit Regulations 2011 and the 2012-13 Code of Practice on Local Authority Accounting, issued by the Chartered Institute of Public Finance and Accountancy (CIPFA).  The code is based on a consolidation of accounting standards including International Financial Reporting Standards, International Public Sector Accounting Standards, and the Service Reporting code of practice (SeRCOP).

Annual Accounts  2012 to 13

IAS 26 permits three options on how the actuarial present value of promised retirement benefits are disclosed, they are:

A. disclosure in the Net Asset statement;

B. in the notes to the accounts; or

C. appending an actuarial report, prepared for this purpose.

Westminster City Council has opted to disclose this information in an accompanying report to the accounts in accordance with option C.

2012 to 2013 Westminster Actuary Report


Last updated: 12 April 2016
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