Statement of Accounts
Statement of Accounts 2020/21
Our auditors Mazars LLP have conducted a full and detailed audit of the Statement of Accounts 2020/21. They have reported to the Council's Audit and Standards Committee, and Accounts Committee, and provided their opinion on the accounts which are now published below.
The Statement of Accounts 2020/21 have been approved and authorised for issue under delegation granted at the Accounts Committee on 30 September 2021.
Mazars LLP cannot formally conclude the audit and issue a certificate until they have completed:
The work necessary to issue their assurance statement in respect of the Council's Whole of Government Accounts; and
The work necessary to ensure the Council has made proper arrangements for securing economy, efficiency and effectiveness in its use of resources.
Once this work is complete the final certificate of the completion of the audit will be published together with a public notice explaining the rights of local electors to inspect the accounts and audit opinion/certificate.
The Accounts and Audit (Amendment) Regulations 2021 extend the statutory audit deadlines for 2020/21. The requirement for the public inspection period to include the first 10 working days of June has been removed for 2020/21 and 2021/22, instead local authorities must commence the public inspection period on or before the first working day of August 2021. This means the draft unaudited accounts must be published by 31 July 2021 at the latest, however may be published earlier. The Council will publish the dates of its public inspection period as soon as the draft 2020/21 statement of accounts has been published. The statutory period for the publication of audited accounts has also been moved from 31 July to 30 September.
Statement of Accounts 2019/20
Notice is hereby given that the audit of the accounts for Gateshead and Group, for the year ending 31 March 2020, has been concluded.
The Statement of Accounts is a statutory document produced annually, which provides information about the Council's financial performance and financial position. It provides the following information about the previous financial year:
- Leader's Foreword
- Narrative Statement and Statement of Responsibility for the Accounts
- Core Financial Statements:
- Movement in Reserves Statement
- Comprehensive Income and Expenditure Statement
- Balance Sheet
- Cash Flow Statement
- Notes to the Core Financial Statements
- Housing Revenue Account (HRA) Income and Expenditure Statement
- Movement on the HRA Statement
- Notes to the HRA
- Collection Fund Statement
- Notes to the Collection Fund Statement
- Accompanying documents
- Annual Governance Statement
- Independent Auditor's Report to the Council
- Glossary of Terms
All local authorities are required to follow the same standard format when producing their statutory accounts. This should enable members of the public to compare and contrast the Council's financial performance over a number of years as well as with other local authorities.
The auditors' Annual Audit Letters, summarising their findings, can be found on the external auditors' reports page.
If you would like any of this information in large print, braille, on audiotape/CD or in a different language please contact us on: 0191 433 3000.