Draft Statement of Accounts 2020 – 2021 published
Every year, the Combined Authority prepares an annual Statement of Accounts as required by the Accounts and Audit Regulations 2015, following proper accounting practices. These practices are prescribed by the ‘Code of Practice on Local Authority Accounting in the United Kingdom’ and comply with International Financial Reporting Standards (IFRS).
The purpose of the accounts is to present a true and fair view of the financial results of the Authority’s activities for the year ended 31 March, and to summarise the overall financial position of the Authority as at the 31 March. The Statement of Accounts is available for the general public to see at any time.
The Statement of Accounts is externally audited, but is presented for public review before the audit, in draft form, before it is finally published later in the year.
The unaudited (draft) Statement of Accounts for 2020 to 2021, and the Public Inspection Notice, are now available here: