Summary statement of accounts

A summarised version of the statement of accounts is available here

Public inspection notice for the 2022/23 Statement of Accounts

  • Audit of Accounts Year Ended 31 March 2023 – Notice of Public Rights
  • The Local Audit and Accountability Act 2014
  • The Accounts and Audit Regulations 2015 (Revised)
  • Local Audit (Public Access to Documents) Act 2017
  • The Accounts and Audit Amendments Regulations 2022

 

The Council's draft 2022/23 Statement of Accounts will not be available for public inspection by the deadline of 31 May 2023 as required by the Regulation 10 paragraph (1) of the Accounts and Audit regulations 2015 as amended by The Accounts and Audit (Amendment) Regulations 2022.

The draft Statement of Accounts for 2022/23 have not been completed by 31 May 2023 due to a delay in confirming balance sheet valuations of pension fund liabilities.

This relates to a valuation issue that arose during the 2021/22 audit of accounts affecting a number of Local Authorities both regionally and nationally. On this matter, the authority is in regular engagement with The Teesside Pension Fund, external auditors and other regulatory bodies.

A further notice will be published in due course setting out the public inspection period as soon as the draft 2022/23 Statement of Accounts have been finalised.

This notice is issued under Regulation 15, paragraph (1a) of the Accounts and Audit (Amendment) Regulations 2022.

 

This is a briefer, less complicated version of the Statement of Accounts summarising some of the key points arising from the Council's stewardship of public funds during the year.

Audit of accounts 2022/23

The external audit of the Council’s draft statement of accounts for the year ended 31 March 2023 has not yet been completed by our external auditors, Mazars LLP, due to the complex set of factors contributing to audit delays across the sector, including a backlog of audit work from previous years. This situation is allowed for by Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015.

The Regulations can be viewed online at the following address: www.legislation.gov.uk/uksi/2015/234/regulation/10/made Therefore, this notification explains, as per paragraph (2a), that we are not yet able to publish our audited 2022/23 final statement of accounts in line with deadline of 30th September 2023, as per paragraph (1).

The Council’s Governance Committee will consider the results of the 2022/23 audit, after which we will publish the final audited accounts.

Philip Winstanley – Director of Finance (Section 151 Officer) – Redcar and Cleveland Borough Council

Public Inspection Notices

Under the Local Accountability & Audit Act 2014 and the Accounts & Audit Regulations 2015, the Council has to advertise that its Statement of Accounts for a specific financial year has been prepared.

Members of the public, for 30 working days after the commencement of the period, have the right t​o inspect the accounts, examine any relevant accounting documents and raise any questions or objections with t​he external auditor on any salient issues.

The period of inspection and the contact details for subsequent queries for the appropriate financial year are set out below:​​