Local authorities in England and Wales administering a Local Government Pension Scheme (LGPS) are required to produce a Pension Fund Annual Report by 1 December each year, which includes reports on:
The Annual Report for the year ended 31 March 2022 will be published here in due course.
Derbyshire County Council, as the Fund’s administering authority, has released the following statements relating to the publication of the Fund’s Statement of Accounts:
Publication of Derbyshire County Council’s Statement of Accounts and Audit Opinion
The external audit of the draft Derbyshire County Council’s Statement of Accounts for the year ended 31 March 2022 has not yet been completed by the Council’s external auditors, Mazars LLP.
This situation is allowed for by Regulation 10, paragraph (2) of the Accounts and Audit Regulations 2015 (SI 2015/234), as amended by the Accounts and Audit (Amendment) Regulations 2021 (SI 2021/263).
This notification explains, as per Regulation 10 (2) (a), that the Council is not yet able to publish its audited 2021-22 Statement of Accounts in line with the publication date of 30 November 2022, as per Regulation 10 (1). The Council is continuing to work closely with the external auditor to ensure the required work is completed as soon as possible. In line with the Accounts and Audit Regulations 2015, Derbyshire County Council published a draft Statement of Accounts subject to audit on 17 June 2022 and the final audited Statement of Accounts for the year ended 31 March 2022 will be published as soon as the audit is concluded, and the Independent Auditor’s Report issued.
The Council’s Statement of Accounts 2021-22 were considered by Audit Committee on 29 November 2022. The delay in publishing the audited Statement of Accounts 2021-22 is primarily due to the pending outcome of a recent Department for Levelling Up, Housing and Communities (DLUHC) consultation on accounting for infrastructure assets (principally highways infrastructure), which is not expected to be reported until late December 2022. This is an issue that applies to all local authorities with highways responsibility, so is not unique to Derbyshire County Council. The proposals, if approved, will apply to all open accounts and this could lead to additional changes to the Statement of Accounts 2021-22. Should there be significant changes, these accounts will be reported back to Audit Committee for final approval.
Peter Handford, Director of Finance & ICT (Section 151 Officer)
Derbyshire County Council, County Hall, MATLOCK, DE4 3AH
Date: 30 November 2022
Publication of Derbyshire Pension Fund’s Statement of Accounts and Audit Opinion
The external audit of the draft Derbyshire Pension Fund’s Statement of Accounts for the year ended 31 March 2022 has not yet been completed by our external auditors, Mazars LLP, as they envisage giving their opinion in line with the proposed timeframe for issuing their audit report on Derbyshire County Council’s financial statements.
This situation is allowed for by Regulation 10, paragraph (2) of the Accounts and Audit Regulations 2015 (SI 2015/234) , as amended by the Accounts and Audit (Amendment) Regulations 2021 (SI 2021/263).
This notification explains, as per Regulation 10 (2) (a), that we are not yet able to publish our audited 2021-22 Statement of Accounts in line with the publication date of 30 November 2022, as per Regulation 10 (1). The Pension Fund is continuing to work closely with the external auditor to ensure the required work is completed as soon as possible. In line with the Accounts and Audit Regulations 2015, the Derbyshire Pension Fund published a draft Statement of Accounts subject to audit on 17 June 2022 and the final audited Statement of Accounts for the year ended 31 March 2022 will be published as soon as the audit is concluded, and the Independent Auditor’s Report issued.
Peter Handford, Director of Finance & ICT (Section 151 Officer)
Derbyshire County Council, County Hall, MATLOCK, DE4 3AH
Date: 30 November 2022
Our annual reports are attached to this page.
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