Statement of Accounts

After the end of each financial year (March 31), the Council is required to produce an annual statement of accounts, which sets out the financial position of the Council for that period. The accounts are prepared in accordance with all relevant prescribed guidance, codes of practice and reporting standards.

The Statement of Accounts contains the core financial statements and explanatory notes to the accounts which when combined provide the statutory accounts. Included in the accounts is a Narrative Report, this provides an overview of the accounts and an analysis of the development and performance of the Council both within the financial year and its position as the year end.

The statement of accounts also includes the Annual Governance Statement which is a statutory document that outlines the Council’s governance and internal control arrangements.

The Council's external auditors provide an annual audit letter which sets out the findings and conclusions from their work on the Statement of Accounts and related matters.