Our accounts
All councils have to prepare a Statement of Accounts. These accounts show our financial performance and details of our finances. These accounts include the Isle of Wight Council Pension Fund. They are prepared in accordance with the Code of Practice on Local Authority Accounting.
You have the right to inspect our accounting records and documents. The Local authority accounts: A guide to your rights, explains the legal position regarding your rights. The guide is provided by the National Audit Office and will be updated with the revised dates in due course.
The documents that we are required to publish can be viewed below:
2022-23 Statement of Accounts
Statement of Accounts 2022-23 (PDF, 1MB, 132 pages) – draft accounts of year ended 31 March 2023 prior to being audited and may be subject to change. The external audit of the draft statement of accounts for the year ended 31 March 2023 has not yet been completed by our external auditors, EY LLP, due to the complex set of factors contributing to audit delays across the sector. This situation is allowed for by Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015. Therefore, this notification explains, as per paragraph (2a), that we are not yet able to publish our audited 2022/23 final statement of accounts in line with deadline of 30th September 2023, as per paragraph (1). The Audit and Governance Committee will consider the results of the 2022/23 audit, after which we will publish the final audited accounts. The letter from the auditors details the position.
Narrative Report 2022-23 (PDF, 1MB, 11 pages) – provides a summary of the Council's financial position and performance aims. This document helps to interpret the more detailed Statement of Accounts.
Notice of public rights to inspect the accounts (PDF, 90KB, 1 page) – this sets out the timescales for the period of inspection and your rights to inspect the accounts. The period for inspection runs from 23 August 2023 to 4 October 2023. Outside of this period, the Council's financial transactions can still be viewed in our transparency web pages.
Annual Governance Statement (AGS) 2022-23 (PDF, 291KB, 18 pages) – is a statutory document which explains the processes and procedures in place to enable the Council to carry out its functions effectively. This document was considered by the Audit & Governance Committee in September 2023 and agreed in principle subject to the completion of the audit opinion.
Annual Audit Letter 2022-23 - this letter details the findings of the audit and will be published on completion of the opinion by the council's external auditors in due course.
Completion of Audit Notice 2022-23 - the Section 151 officer creates and publishes this document. This happens when the audit has been completed and their certificate has been issued.
2021-22 Statement of Accounts
Statement of Accounts 2021-22 (PDF, 1.9MB, 142 pages) – final accounts for year ended 31 March 2022 following the completion of the audit.
Narrative Report 2021-22 (PDF, 1.2MB, 10 pages) – provides a summary of the Council’s financial position and performance and aims. This document helps to interpret the more detailed Statement of Accounts.
Annual Governance Statement (AGS) 2021-22 (PDF, 314KB, 18 pages) – is a statutory document which explains the processes and procedures in place to enable the council to carry out its functions effectively.
Annual Audit Letter 2021-22 - this letter details the findings of the audit and will be published on completion of the opinion by the council’s external auditors in due course.
Completion of Audit Notice 2021-22 – the Section 151 officer creates and publishes this document. This happens when the audit has been completed and their certificate has been issued.
Other information
Our transparency web page provides information
on details of financial transactions
Our pensions web page provides information on both pension funds including annual reports.
For earlier periods the information is available from the document library by searching for 'statement of accounts'.