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The Accounts and Audit (Wales) (Amendment) Regulations 2010

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Statement of accounts

6.  For regulation 7 substitute—

7.(1) A body to which paragraphs (2) and (3) apply must prepare in accordance with proper practices in relation to accounts a statement of accounts for each year, prefaced by an explanatory foreword, which must include such of the following accounting statements as are relevant to the functions of the body—

(a)housing revenue account;

(b)firefighters' pension fund, if any;

(c)any other statements relating to each and every other fund in relation to which the body is required by any statutory provision to keep a separate account.

(2) This paragraph applies to the following bodies—

(a)a county council or a county borough council;

(b)a joint authority;

(c)a committee of a local authority (including a joint committee which is not a minor joint committee);

(d)a National Park authority for a National Park;

(e)a police authority for a police area;

(f)a fire and rescue authority.

(3) Where in relation to a community council, the gross income or expenditure (whichever is the higher) for the year is, and for each of the two immediately preceding years was, £1,000,000 or more, the requirements of paragraph (1) above and regulation 7A apply to that council in respect of that period.

(4) Where a county council or a county borough council is required by section 74 of the 1989 Act to maintain a Housing Revenue Account the statement of accounts required by paragraph (1) must include a note prepared in accordance with proper practices in relation to any Major Repairs Allowance grant paid to the county council or county borough council under section 31 of the 2003 Act detailing income and expenditure and any balance on any account used to record the grant..

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