V
We acknowledge as the members of:
Ryde Town Councill
our responsibility for ensuring that there is a sound system of internal control, including arrangements for the preparation of the Accounting Statements. We confirm, to the best of our knowledge and belief, with respect to the Accounting Statements for the year ended 31 March 2023, that:
Agreed
·Yes means that this authority
1. We have put in place arrangements for effective financial management during the year, and for the preparation of the accounting statements. • | prepared its accounting statements in accordance with the Accounts and Audit Regulations. | ||
2. We maintained an adequate system of internal control including measures designed to prevent and detect fraud and corruption and reviewed its effectiveness. | made proper arrangements and accepted responsibility for safeguarding the public money and resources in its charge. • | ||
3. We took all reasonable steps to assure ourselves tliat there are no matters of actual.or potential non-compliance with laws, regulations and Proper Practices that could have a significant financial effect on the ability of this authority to conduct its business or manage its finances. | has only done what it has th.e legal power to do and has complied with Proper Practices in doing so. | ||
4. We provided proper opportunity during the year for the exercise of electors' rights in accordance with the requirements of the Accounts and Audit Regulations. | during the year gave all persons Interested the opportunity to Inspect and ask questions about this authority's accounts. | ||
5. We carried out an assessment of the risks facing this authority and took appropriate steps to manage those risks, including the introduction of internal controis and/or external Insurance cover where required. | considered and documented the financial and other risks it faces and dealt with them properly. | ||
6. We maintained throughout the year an adequate arid effective system of internal.audit of the accounting records and control systems. | arranged for a competent person,·independent of the financial controls and procedures, to give an objective view on whether internal controls meet th.e needs of this smaller authority. | ||
7. We took appropriate action on all matters raised in reports from internal and external audit. | responded ta matters brought io its attention by internal and external audit. | ||
8. We considered whether any litigation, liabilities or commitments, events or transactions, occurring either during or after the year-end, have a financial impact on this authority and, where appropriate, have included them in the accounting statements. | disclosed eve'Yf.hing it should have about its business activity during the year including events taking place after the year end if relevant. | ||
9. (For lqcal councils only) Trust funds including charitable. In our capacity as the sole managing trustee we discharged our accountability responsibilities for the fund(s}/assets, including financial reporting and, if required, independent examination or audit. |
has met all of its responsibilities where, as a body corporate, it is a sale managing trustee of a local trust or trusts. | ||
*Please provide explanations to the external auditor on a separate sheet for each 'No' response and describe how the authority will address the weaknesses identified. These sheets must be published with the Annual Governance Statement. •
This Annual Governance Statement was approved at a meeting of the authority on:
and recorded as minute reference:
64/£3
Signed by the Chairman and Clerk of the meeting where approval was given:
Chairman Clerk
Annual Governance and Accountability Return 2022/23 Form 3
Local Councils, Internal Drainage Boards and other Smaller Authorities*
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Section 2 -Accounting Statements 2022/23 for
Ryde Town Councill
Year ending Notes and guidance
31 March 31 March Please round all f1gwes to nearest £1. Do not leave any 2022 2023 boxes blank and Ieport £0 or Nil balances All figures must £ £ agree to underlymg fmancial records | |||
1. Balances brought forward | 493,864 | 603,969 | Total balances and reseNes at the beginning of the year as recorded in the financial records. Value must agree to Box 7 of previous year. |
2. (+)Preceptor Rates and Levies | 1,209,567 | 1,258,270 | Total amount of precept (or for IDBs rates and levies) received or receivable in the year. Exclude any grants received. |
3. (+) Total other receipts | 156,222 | 443,471 | Total income or receipts as recorded in the cashbook less the precept or rates/levies received (line 2). Include any grants received. |
4. (-) Staff costs | 463,525 | 635,438 | Total expenditure or payments made to and on behalf of all employees. Include gross salaries and wages, employers NI contributions, employers pension contributions, gratuities and severance payments. |
5. (-) Loan interest/capital repayments | 12,176 | 17,897 | Total expenditure or payments of capital and interest made during the year on the authority's borrowings (if any). |
6. (-) All other payments | 779,982 | 995,732 | Total expenditure or payments as recorded in the cash- book less staff costs {line 4) and loan interesVcapital repayments (line 5). |
7. (=) Balances carried forward | 603,969 | 656,643 | Total balances and reserves at the end of the year. Must equal (1+2+3) - (4+5+6). |
8. Total value of cash and short term investments | 649,237 | 694,573 | The sum of all current and deposit bank accounts, cash holdings and short term investments held as at 31 March - To agree with bank reconciliation. |
9. Total fixed assets plus long term investments and assets | 502,014 | 606,960 | The value of all the property the authority owns - it is made up of al/its fixed assets and long term investments as at 31 March.· |
10. Total borrowings | 403,598 | 643,096 | The outstanding capital balance as at 31 March of all loans from third parties (including PWLB). |
For Local Councils Only
-
Yes
11a. Disclosure note re Trust funds (including charitable) | |
11b. Disclosure note re Trust funds (including charitable) |
--
N/A I
I No I
The Council, as a body corporate, acts as sole trustee and is responsible for managing Trust funds or assets.
The figures in the accounting statements above do not include any Trust transactions.
I certify that for the year ended 31 March 2023 the Accounting Statements in this Annual Governance and Accountability Return have been prepared on either a receipts and payments or income and expenditure basis following the guidance in Governance and Accountability for Smaller Authorities - a Practitioners' Guide to Proper Practices and present fairly the financial position of this authority. ••
:ltlcr >
Signed by Responsible Financial Officer before being presented to the authority for approval
I confirm that these Accounting Statements were approved by this authority on this date:
26/6/£3
as recorded in minute reference:
64/i.3
eeting Where the Accolinting
Date
13/ Ob/ [)OQ 3
Annual Governance and Accountability Return 2022/23 Form 3
Local Councils, Internal Drainage Boards imd other Smaller Authorities*
Page 5 of6
In respect of
Respective responsibilities of the auditor and the authority
Our responsibility as auditors to complete a limited assurance review is set out by the National Audit Office (NAO). A limited assurance review is not a full statutory audit, it does not constitute an audit carried out in accordance with International Standards on Auditing (UK & Ireland) and hence it does not provide the same level of assurance that such an audit would. The UK Government has determined that a lower level of assurance than that provided by a full statutory audit is appropriate for those local public bodies with the lowest levels of spending.
Under a limited assurance review, the auditor is responsible for reviewing Sections 1 and 2 of the Annual Governance and Accountability Return in accordance with NAO Auditor Guidance Note 02 (AGN 02) as issued by the NAO on behalf of the Comptroller and Auditor General. AGN 02 is available from the NAO website –
https://www.nao.org.uk/code-audit-practice/guidance-and-information-for-auditors/ .
This authority is responsible for ensuring that its financial management is adequate and effective and that it has a sound system of internal control. The authority prepares an Annual Governance and Accountability Return in accordance with Proper Practices which:
summarises the accounting records for the year ended 31 March 2023; and
confirms and provides assurance on those matters that are relevant to our duties and responsibilities as external auditors.
External auditor’s limited assurance opinion 2022/23
Except for the matters reported below on the basis of our review of Sections 1 and 2 of the Annual Governance and Accountability Return, in our opinion the information in Sections 1 and 2 of the Annual Governance and Accountability Return is in accordance with Proper Practices and no other matters have come to our attention giving cause for concern that relevant legislation and regulatory requirements have not been met.
Other matters not affecting our opinion which we draw to the attention of the authority:
The smaller authority has confirmed that it has not complied with the governance assertion in Section 1, Box 5, but it has provided the appointed auditor with an adequate explanation for non-compliance and details of the actions necessary to address weaknesses identified.
External auditor certificate 2022/23
We certify that we have completed our review of Sections 1 and 2 of the Annual Governance and Accountability Return, and discharged our responsibilities under the Local Audit and Accountability Act 2014, for the year ended 31 March 2023.
External Auditor Name
BDO LLEPN-TSEoRuthNaAmMptEonOF EXTERNAL AUDITOR
External Auditor Signature
Date
05 SepteDmDb/MerM20/Y2Y3 YY
Annual Governance and Accountability Return 2022/23 Form 3
Local Councils, Internal Drainage Boards and other Smaller Authorities*
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