Statement of Accounts 2011/2012 - Blackburn with Darwen Borough ...

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NOTES TO THE FINANCIAL STATEMENTS The debit balance on the Pensions Reserve therefore shows a substantial shortfall in the benefits earned by past and current employees and the resources the Council has set aside to meet them. The statutory arrangements will ensure that funding will have been set aside by the time the benefits come to be paid. 2010/11 2011/12 £000 £000 195,278 Balance at 1 April 145,329 ( 30,721 ) Actuarial gains or losses on pensions assets 34,213 and liabilities ( 5,695 ) Reversal of items relating to retirement benefits debited or credited to the Surplus or Deficit on the Provision of Services in the Comprehensive Income and Expenditure Statement 15,744 ( 13,533 ) Employer’s pension contributions ( 12,576 ) 145,329 Balance at 31 March 182,710 Collection Fund Adjustment Account The Collection Fund Adjustment Account manages the differences arising from the recognition of council tax income in the Comprehensive Income and Expenditure Statement as it falls due from council tax payers compared with the statutory arrangements for paying across amounts to the General fund from the Collection Fund. 2010/11 2011/12 £000 £000 ( 15 ) Balance at 1 April 189 204 Amount by which the council tax income credited to the Comprehensive Income and Expenditure Statement is different from council 868 tax income calculated for the year in accordance with statutory requirements 189 Balance at 31 March 1,057 Accumulating Compensated Absences Adjustment Account The Accumulating Compensated Absences Adjustment Account absorbs the differences that would otherwise arise on the General Fund Balance from accruing for compensated absences earned but not taken in the year e.g. annual leave entitlement carried forward at 31 March. Statutory arrangements require that the impact on the General Fund Balance is neutralised by transfers to or from the Account. 2010/11 2011/12 £000 £000 £000 4,147 Balance at 1 April 3,928 ( 4,147 ) Settlement or cancellation of accrual made at ( 3,928 ) the end of the preceding year 3,928 Amounts accrued at the end of the current year 3,713 ( 219 ) Amount by which officer remuneration charged to the Comprehensive Income and Expenditure Statement on an accruals basis is different from remuneration chargeable in the year in accordance with statutory requirements ( 215 ) 3,928 Balance at 31 March 3,713 - - 52 - -
NOTES TO THE FINANCIAL STATEMENTS 26 Cash Flow Statement – Operating Activities The net surplus or deficit on the provision of services, in the Comprehensive Income and Expenditure Statement, has been subject to the following adjustments in order to arrive at the net cash flows from operating activities: Adjust net surplus or deficit on the provision of services for non-cash movements: 31 March 2011 31 March 2012 £000 £000 12,617 Depreciation 10,401 56,816 Impairment and downward valuations 31,500 134 Amortisation 250 360 Reductions in fair value of soft loans made in year ( 12 ) ( 2,761 ) Increase/decrease in creditors 872 11,878 Increase/decrease in debtors ( 1,178 ) 16 Increase/decrease in inventories 15 ( 19,228 ) Movement in pension liability 3,168 404 Contributions to/(from) provisions ( 23 ) 550 Carrying amount of non-current assets sold or derecognised 1,937 60,786 46,930 Adjust for items included in the net surplus or deficit on the provision of services that are investing or financing activities: 31 March 2011 31 March 2012 £000 £000 Capital grants credited to the surplus or deficit on the ( 35,853 ) provision of services ( 29,327 ) ( 765 ) Proceeds from the sale of non-current assets ( 415 ) ( 36,618 ) ( 29,742 ) Operating activities within the Cash Flow Statement include the following cash flows in relation to interest and dividends: 31 March 2011 31 March 2012 £000 £000 1,753 Interest received 1,846 ( 14,912 ) Interest paid ( 5,673 ) 399 Dividend received 0 - - 53 - -
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Statement of Accounts 2011/2012
Page 4 and 5: INDEPENDENT AUDITORS’ REPORT TO T
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Page 10 and 11: FINANCIAL REPORT 2011/2012 1.0 Over
Page 12 and 13: FINANCIAL REPORT 2011/2012 it will
Page 14 and 15: FINANCIAL REPORT 2011/2012 Schools
Page 16 and 17: STATEMENT OF RESPONSIBILITIES 1.0 T
Page 18 and 19: COMPREHENSIVE INCOME AND EXPENDITUR
Page 20 and 21: CASH FLOW STATEMENT The Cash Flow S
Page 22 and 23: NOTES TO THE FINANCIAL STATEMENTS M
Page 24 and 25: NOTES TO THE FINANCIAL STATEMENTS F
Page 26 and 27: NOTES TO THE FINANCIAL STATEMENTS t
Page 28 and 29: NOTES TO THE FINANCIAL STATEMENTS T
Page 30 and 31: Depreciation is calculated on the f
Page 32 and 33: NOTES TO THE FINANCIAL STATEMENTS C
Page 34 and 35: NOTES TO THE FINANCIAL STATEMENTS
Page 36 and 37: NOTES TO THE FINANCIAL STATEMENTS P
Page 38 and 39: NOTES TO THE FINANCIAL STATEMENTS A
Page 40 and 41: NOTES TO THE FINANCIAL STATEMENTS 7
Page 44 and 45: 12 Property, Plant and Equipment -
Page 46 and 47: Reconciliation of the carrying valu
Page 52 and 53: NOTES TO THE FINANCIAL STATEMENTS C
Page 58 and 59: NOTES TO THE FINANCIAL STATEMENTS R
Page 68 and 69: 31 March 2011 NOTES TO THE FINANCIA
Page 70 and 71: - other departure costs (i.e. pay i
Page 72 and 73: Assets and liabilities in relation
Page 74 and 75: NOTES TO THE FINANCIAL STATEMENTS M
Page 76 and 77: NOTES TO THE FINANCIAL STATEMENTS I
Page 78 and 79: The provision made against estimate
Page 80 and 81: COLLECTION FUND INCOME AND EXPENDIT
Page 82 and 83: ANNUAL GOVERNANCE STATEMENT Forewor
Page 84 and 85: ANNUAL GOVERNANCE STATEMENT Equalit
Page 86 and 87: ANNUAL GOVERNANCE STATEMENT Officer
Page 88 and 89: ANNUAL GOVERNANCE STATEMENT A healt
Page 90 and 91: GLOSSARY OF TERMS Accounting polici
Page 92 and 93: GLOSSARY OF TERMS Financial liabili
Page 94: GLOSSARY OF TERMS Remuneration - Al
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