Statement of accounts 2006-07

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30Notes to the Financial Statements13 Private Finance Initiative (PFI)The Authority has entered into two long-termcontractual agreements under the PFI whereby thecontractor is responsible for design, construction,finance and maintenance of four new police stationsin south-east London and a new public order andfirearms training centre. The agreements imposetwenty-five year commitments on the Authority fromoccupation/use of the new facilities. The unitarycharge for 2006-07 is £15.3 million (£13.3 million in2005-06) for the police stations and £8.2 million (£5.9million 2005-06) for the training centre. Half of theunitary charge will be subject to annual adjustmentsin respect of inflation (RPI) and the remainder adjustedby a fixed percentage. The total unitary charge for theremainder of the lease agreements is £681.5 million.There are no assets included in the balance sheetrelated to these two agreements.An amount of £0.32 million is included in revenueappropriations, which represents the funding of anadditional charge to the unitary payment made tothe contractor. In accordance with FRS 5 the chargerepresents a notional increase in the unitary charge,which would have arisen, had the Authority not madea lump sum payment to the contractor in advance ofservices provided (see note D to the Balance Sheet,for net written down value of payment).14 Related Party TransactionsFRS 8 Related Party Disclosures requires the Authorityto disclose all material related party transactions.During the year, transactions with related parties notdisclosed elsewhere in these accounts amount to:ExpenditureForensic ScienceServicesIncome (net)2006-07£’0002005-06£’00040,584 42,152Immigration Services 2,908 3,428Special ServiceAgreementsNational IdentificationService59,141 51,9516,106 5,877Transport for London 66,031 63,045City of London Police 213 238National Crime Squad 1,362 11,048National CriminalIntelligence Service178 1,012SOCA 980 0ACPO TAM 16,148 0Seconded Officers 11,821 7,053Lord Toby Harris, MPA Member, has been employed asa consultant by KPMG. The Authority paid £398,418directly to KPMG for services. In addition, Lord Harrishas acted as a consultant to the Anite Group andUnisys, to which the Authority paid £4,734,524 and£14,271,110 respectively. Lord Harris also acts as aspecial adviser to Transport for London.Lord Toby Harris and Paul Stephenson, the DeputyCommissioner are both trustees of the Safer LondonFoundation. The Authority donated £500,000 to theFoundation in 2006-07.The wife of Keith Luck, the former Director ofResources until November 2006, is the ServiceDelivery Lead EALA of Accenture HR Services, awholly owned subsidiary of Accenture. The Authoritypaid £1,565,393 to Accenture but nothing directly toAccenture HR Services.
3115 Auditors RemunerationThe audit fee payable to the Audit Commission duringthe year totalled £537,800 (2005-06 £516,000).Notes to the Financial Statements16 Agency ActivityThe Authority has an agreement with the Association ofChief Police Officers (ACPO) whereby the MetropolitanPolice Service (MPS) is responsible for administeringfunds on behalf of ACPO Terrorism and Allied Matters(ACPO TAM) for 2006-07. This agreement arises asthe Assistant Commissioner Specialist Operations isthe Chair of ACPO TAM.The MPS disburses monies to other police forces forwork performed as directed by ACPO TAM.A summary of expenditure incurred in respect of theactivity, which is not included in the Authority’s Incomeand Expenditure Account is as follows:2006-07£’000Income (90,638)Special grant paid 2,409Expenditure - revenue 86,445Expenditure - capital 251Other expenditure 1,519The balance of the ACPO TAM funding for 2006-07has now been returned in full to the Home Office whoprovided the funding. From 2007-08 onwards theHome Office will provide ACPO TAM funding direct toindividual forces.
Page 1 and 2: Metropolitan Police AuthorityStatem
Page 3 and 4: 1Foreword to the AccountsForeword t
Page 5 and 6: 3The main variations against budget
Page 7 and 8: 5Audit OpinionIndependent Auditor
Page 9 and 10: 7Audit OpinionConclusion on arrange
Page 11 and 12: 9Statement on System of Internal Co
Page 13 and 14: 11Identifying, assessing and managi
Page 15 and 16: 13Statement on System of Internal C
Page 17 and 18: 3 The average assurancescore on int
Page 19 and 20: 17Accounting PoliciesAccounting Pol
Page 21 and 22: 19Accounting PoliciesRevaluationsLa
Page 23 and 24: 21Income and Expenditure AccountThi
Page 25 and 26: 23Balance SheetThe balance sheet sh
Page 27 and 28: 25Notes to the Financial Statements
Page 29 and 30: 4 Employment CostsThe Authority has
Page 31: 2910 Gains and Losses on disposalTh
Page 35 and 36: 33Notes to the Balance SheetA Fixed
Page 37 and 38: The financing of capital expenditur
Page 39 and 40: I ReservesThe reserves of the Autho
Page 41 and 42: M.P.C.S.W.F. - Metropolitan Police
Page 43 and 44: 41N Usable Revenue ReservesBalance
Page 45 and 46: Rent SmoothingA reserve set up to f
Page 47 and 48: 45This reserve reflects the actuari
Page 49 and 50: 47Notes to the Police Officer Pensi
Page 51 and 52: 49GlossaryNon Distributed CostsThis

Statement of accounts 2006-07

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