Issue - meetings

Committee considered a detailed report which provided information on an assessment of the Council as a going concern for the purposes of producing the Statement of Accounts for 2021/22.

The concept of a going concern assumed that an authority’s functions and services would continue in operational existence for the foreseeable future.  The provisions in the Code in respect of going concern reporting requirements reflected the economic and statutory environment in which local authorities operated.  These provisions confirmed that as authorities cannot be created or dissolved without statutory prescription, they must prepare their financial statements on a going concern basis of accounting.

It was considered that having regard to the Council’s arrangements and such factors as highlighted in the report that the Council remained a going concern and the Council’s accounts for 2021/22 had appropriately been prepared on that basis.  The report gave the assessment by the Council’s Section 151 Officer in support of presenting the Accounts for approval and provided assurance to Mazars, the Council’s external auditor.

Moved by Councillor Chris Kane and seconded by Councillor Graham Parkin

RESOLVED that the Committee accepts the outcome of the assessment of the Council’s going concern status for the purposes of preparing the Statement of Accounts for 2021/22.