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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.

External Audit of Accounts: Year Ended 31 March 2021

Publication of Redditch Borough Council statement accounts and audit opinion

The Accounts and Audit Regulations 2015 – Regulation 10, as amended by The Accounts and Audit (Amendment) Regulations 2021

The audit of the draft statement of accounts for the year ended 31 March 2021 for Redditch Borough Council has not yet been completed by the external auditors, Grant Thornton UK LLP. The Accounts and Audit (Amendment) Regulations 2021 require that the audited accounts and opinion are published by 30 September 2021.

The delay has arisen due to a combination of factors, comprising the following:

  • the implementation of the New Finance Enterprise System which has seen some additional challenges in the department. 
  • along with a reduction in resources in the financial services team which is now being addressed
  • the impact of Covid-19 on both the complexity of the audit and pace at which it can be completed.

The audit and issue of the audit opinion is expected to conclude as soon as is practically possible with agreement with all partners 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.  Further information can be found here.

Redditch Borough Council’s Audit, Governance and Standards Committee 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.

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