2011/2012 audited annual accounts - Falkirk Council

1. Group Accounting Policies
FALKIRK COUNCIL
NOTES TO THE GROUP ACCOUNTS
The group accounting policies are those specified for the single entity financial statements. The accounting policies of all group members
are materially the same as those of the single entity.
2. Analysis of Resources (Group Entities)
Total
Fire and
Falkirk
Communit Common Falkirk
2010/11
Rescue Police Valuation y Stadium Good Communit Total
Board Board Board Ltd Funds y Trust Ltd 2011/12
£’000
Accumulated Absences
£’000 £’000 £’000 £’000 £’000 £’000 £’000
(569) Account
(95) (199) (13) -
-
- (307)
458 Other Usable Reserves 389 52 - - - - 441
(273,008) Pensions Reserve
Employee Statutory
Adjustment Account
(67,635) (231,667) (2,247) - - - (301,549)
(10,066) (Injury Benefits)
(3,347) (7,445) -
-
-
- (10,792)
3,423 Share Capital - - - 3,423 - - 3,423
2,793 Revaluation Reserve
Capital Adjustment
1,153 1,028 - - - 264 2,445
17,621 Account
5,345 12,061 8
- 207
- 17,621
471 Capital Receipts Reserve 300 148 - - - - 448
(1,485) Revenue Account Surplus 911 1,017 213 (3,999) 869 355 (634)
(260,362) (62,979) (225,005) (2,039) (576) 1,076 619 (288,904)
The total Pensions Liability relating to Central Scotland Joint Fire and Rescue Board is £135.722m, as per the latest valuation.
The total Pensions Liability relating to Central Scotland Joint Police Board is £462.498m, as per the latest valuation.
3. Disclosure of Interest in Other Entities
The Council has adopted the recommendations of Chapter 9 of the Code, which requires local authorities to consider their interest in all
types of entity to incorporate into Group Accounts.
A full set of Group Accounts, in addition to the Council’s Accounts has been prepared which incorporates material balances from
identified associates.
The Financial Statements in the Group Accounts have been prepared in accordance with the Accounting Policies set out in the Accounting
Policies on pages 10 to 29.
4. Group Entities
For the purpose of consolidation and incorporation within the Group Accounts, the Council has two Subsidiaries Company (Falkirk
Community Stadium Ltd and Falkirk Community Trust Ltd) and three Associates (Central Scotland Joint Fire & Rescue Board, Central
Scotland Joint Police Board and Central Scotland Joint Valuation Board).
Central Scotland Joint Fire and Rescue Board
This Board is jointly administered by the Councils of Clackmannanshire, Falkirk and Stirling and provides fire and rescue services to the
constituent authorities. The accounting period is to 31 March. Falkirk Council is requisitioned for 52.3% of expenditure, based on
adjusted population. The accounts are available on the Board’s website (www.centralscotlandfire.gov.uk).
Central Scotland Joint Police Board
This Board is jointly administered by the Councils of Clackmannanshire, Falkirk and Stirling and provides police services to the
constituent authorities. The accounting period is to 31 March. Falkirk Council is requisitioned for 51.7% of expenditure, based on Grant
Aided Expenditure. The accounts are available on the Board’s website (www.centralscotland.police.uk).
Central Scotland Joint Valuation Board
This Board is jointly administered by the Councils of Clackmannanshire, Falkirk and Stirling and appoints an Assessor for the valuation
area who also acts as Electoral Registration Officer. The accounting period is to 31 March. Falkirk Council is requisitioned for 49.2% of
expenditure, based on adjusted population. The accounts are available from Clackmannanshire Council.
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