Council budgets and spending
Statement of Accounts
Redditch Borough Council's financial year runs from April to March and following the end of each financial year it publishes an annual statement of accounts. The accounts are one of the means by which the Council demonstrates its stewardship of public money and they present the financial position of the Council as at 31 March each year. They are produced in the format stipulated by the Chartered Institute of Public Finance and Accountancy (CIPFA) in accordance with best accounting practice.
Delay to Public Inspection of Unaudited Statement of Accounts for the year ending March 2021
The Accounts and Audit (amendment) Regulations 2021 require Council to publish the unaudited Statement of Accounts for the financial year ending 31 March 2021 to be made available on or before 1 August 2021 for public inspection.
The Annual Statement of Accounts 2020/21 has been delayed due to a combination of factors, primarily driven by resource constraints because of covid and the support needed across the organisation from finance as the new Enterprise Resource Planning system has been rolled out.
This situation is allowed for by Regulation 15, paragraph (1A(a)) of the Accounts and Audit Regulations 2015, as amended by the Accounts and Audit (Amendment) Regulations 2021 No. 263.
The council is continuing to work to complete the Annual Accounts and will publish the dates of its public inspection period as soon as the unaudited Statement of Accounts 2020/21 are available
EXTERNAL AUDIT OF ACCOUNTS: YEAR ENDED 31 MARCH 2020
Publication of Redditch Borough Council Statement of Accounts and Audit Opinion
The Accounts and Audit (England) Regulations 2015 – Regulation 10
As Amended By
The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020
The audit of the draft statement of accounts for the year ended 31 March 2020 for Redditch Borough Council has not yet been completed by the external auditors, Grant Thornton UK LLP. The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 require that the audited accounts and opinion is published by 30 November 2020.
The delay has arisen due to a combination of factors, comprising the following:
- the impact of Covid-19 on both the complexity of the audit and pace at which it can be completed;
- the increased assurance work that auditors are required to carry out nationally with respect to pensions and asset valuations.
The audit and issue of the audit opinion is expected to conclude during January 2021 after which the statement of accounts and audit opinion will be published as soon as is reasonably practicable.
Therefore, this notice of delayed audit is being published in accordance with Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015. This can be found here
Redditch Borough Council Audit, Governance and Standards Committee, 26th November 2020, was formally advised of this matter and subject to the delegations agreed at this Committee the final audited accounts will be published as soon as the audit is concluded.
Auditor appointments to principal local government and police bodies from 2018/19
Public Sector Audit Appointments (PSAA) is specified as an appointing person under the provisions of the Local Audit and Accountability Act 2014 and regulation 3 of the Local Audit (Appointing Person) Regulations 2015. For audits of the accounts from 2018/19, PSAA appoints an auditor to relevant principal local government authorities that have opted into its national scheme. Appointments are made for the duration of the five-year appointing period, covering the audits of the accounts for 2018/19 to 2022/23.
For the period 2018/19 to 2022/23 Grant Thornton have been appointed as auditors by the PSAA.
Audit, Governance and Standards Committee, 29 July 2019
At the Audit, Governance and Standards Committee on the 29 July 2019 the committee considered a number of reports, amongst them the year end accounts as well as a qualified value for money report and recommendation made under section 24 of the Local Audit and Accountability Act 2014 from our external auditors Grant Thornton.