Statement of Accounts, Audit of Accounts and Annual Governance Statement
Statement of Accounts
After the end of each financial year (31 March) we publish a formal statement of accounts. These are compiled in accordance with International Financial Reporting Standards (IFRS) and the Local Authority Accounting Code of Practice. The statement includes:
- an explanatory foreword
- a statement of our income and expenditure for the year
- a statement showing the value of our assets at the end of the year
- a statement showing the movement in our cash balances
Audit of accounts 2020/21
The draft statement of accounts for 2020/21 is now available and can be downloaded using the link below.
Each year the council’s accounts are audited. Anyone interested has the opportunity to inspect and make copies of the accounts and books, deeds, contracts, bills, vouchers and receipts relating to them. For the year ended 31 March 2021 these documents will be available to review remotely on application to the interim head of finance and chief finance officer, South Oxfordshire District Council, 135 Eastern Avenue, Milton Park, Abingdon, OX14 4SB for the period commencing on Friday 3 September 2021 and ending Wednesday 13 October 2021 inclusive.
The audit is being carried out by Kevin Suter, Executive Director, Ernst & Young LLP, Apex Plaza, Forbury Road, Reading, RG1 1YE and will be conducted under the provisions of the Local Audit and Accountability Act 2014 and the Accounts and Audit Regulations 2015.
Local government electors and their representatives have the opportunity to question the auditor about the accounts who should be contacted at the above address. They also have the right to make objections to the accounts, or any items in them. Written notice of a proposed objection, stating the grounds, the facts relied on and particulars of the action it is proposed the auditor should take must first be given to the auditor and a copy sent to the Council. The period for making such objections is from Friday 3 September 2021 and ending Wednesday 13 October 2021 inclusive.
Annual Governance Statement
The annual governance statement forms part of the annual statement of accounts and reports on the extent of the council’s compliance with its principles and practices of good governance, including how we have monitored the effectiveness of the governance arrangements and sets out action for planned changes in the coming year. This statement provides an assurance to the council and its stakeholders that good governance arrangements are in place.
The council is responsible for ensuring that its business is conducted in accordance with the law and proper standards, and that public money is safeguarded and properly accounted for, and used economically, efficiently and effectively.