Statement of accounts
These provide information on our income and expenditure over recent years and balances at the year-end points.
Our accounts are prepared in accordance with the accounting conventions which apply to all local authorities. We have a statutory responsibility to prepare accounts that present accurately and fairly our operations during the year. This must be done in accordance with The Code of Practice on Local Authority Accounting in the United Kingdom: A Statement of Recommended Practice (the code) (CIPFA/LASAAC). In accordance with the Accounts and Audit Regulations 2015, the draft accounts must be issued by the end of May and the audited version published before the end of July each year.
2019-2020 Statement of Accounts deferral
In response to an unprecedented situation across the UK relating to COVID19 and the need to reduce the pressure on authorities to comply with legal deadlines, the Government have introduced The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020. These Regulations provide authorities with additional time to complete the audit of their accounts for 2019/20, given the impact of the COVID19 virus on the availability of local authority staff and auditors to complete the audit process within current deadlines due to sickness or redeployment. These Regulations apply only in relation to annual accounts relating to the 2019/20 financial year.
For Runnymede the deadline to publish its unaudited accounts has now moved from 31 May 2020 to 31 August 2020 with the deadline for publishing audited statements being pushed back from 31 July 2020 to 30 November 2020. Runnymede officers published its draft accounts before the August deadline on 30 July 20.
2019-2020 Audit of accounts
The audit of the 2019-20 Statement of Accounts is still ongoing. The auditors have not been able to issue their opinion on the Statement of Accounts by the revised 30 November 2020 deadline.