Here are our 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.

Draft statement of accounts 2020/21 and 2021/22

The Annual Review & Statement of Accounts for 2020/21 and 2021/22 have 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 be published by 30 September 2021 and The Accounts and Audit (Amendment) Regulations 2022 require that the audited accounts and opinion be published by 30 November 2022. The delays are primarily due to resource capacity constraints on the part of the Council’s External Auditors (Grant Thornton UK LLP), resource constraints in the Council and the new Enterprise Resource Planning system roll out, impacting on the completion of the audit of the 2020/21 and 2021/22 Statement of Accounts, which are still pending finalisation. 

In line with the Accounts and Audit Regulations 2015, the Council has published a set of draft accounts.  The Council will publish a final set of accounts as soon as the audit is concluded, and the Audit Report issued.  This notice of delayed audit is being published in accordance with Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015. 

Draft statement of accounts 2022/23 and 2023/24

Delay to Public Inspection of Unaudited Statement of Accounts for the year ending March 2023 and March 2024

The Accounts and Audit (Amendment) Regulations 2021 require Councils to publish the unaudited Statement of Accounts for the financial year ending 31 March 2023 on or before 31 May 2023 and 31 March 2024 on or before 31 May 2024.

The Annual Statement of Accounts 2022/23 and 2023/24 have been delayed due to a combination of factors, primarily driven by resource constraints and the new Enterprise Resource Planning system roll 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. 708.

The Accounts and Audit (Amendment) Regulations 2022 (legislation.gov.uk)

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 2022/23 and 2023/24 are available.

The audit of accounts has also therefore not yet been concluded.

Accounts and the letter of inspection can be found under the Annual Accounts Historical Reports section