Statement of accounts 2019/20

The Statement of Accounts is the statutory summary of Lee Valley Regional Park Authority’s financial affairs for the financial year and is prepared in accordance with the CIPFA Code of Practice on Local Authority Accounting in the United Kingdom 2019/20.

The purpose of the Statement of Accounts is to give local taxpayers, Authority members and any other interested parties clear information on the overall finances of the Authority and to demonstrate the Authority’s stewardship of public money for the year.

The Accounts and Audit Regulations 2015, as amended by the Accounts and Audit (Coronavirus) (Amendment) Regulations 2020, update the publication of the 2019/20 financial statements to 30 November 2020.

The external audit of the draft statement of accounts for the year ended 31 March 2020 has not yet been completed by our external auditors, EY LLP. Whilst the audit is substantially concluded, the Authority and EY LLP have to conclude their respective professional practice and quality assurance processes associated with updated disclosures with going concern and events after the reporting period which relate to conditions that existed at the balance sheet date.

This situation is allowed for by Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015, as amended by the Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 No. 404. Therefore this notification explains, as per paragraph (2a), that we are not yet able to publish our audited 2019/20 final statement of accounts in line with the deadline of 30th November 2020, as per paragraph (1).

The Authority’s Audit Committee will consider the financial statements and the auditor’s results report as soon as this has been concluded, after which we will publish the final audited accounts.

The Accounts and Audit Regulations 2015
The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020