Richmond.gov.uk
My Account

Budgets and spending

We have a duty to manage all public funds properly. We publish details of all payments to suppliers over £500.

View payments to suppliers Information for suppliers

Statements of Accounts and related publications

The Council’s annual accounts are published in line with statutory requirements (Accounts and Audit (Amendment) Regulations 2021) which control how and when they are prepared, audited, approved and published.

The financial year ends on 31 March each year and normally the accounts are completed in May before they are audited and published by the end of July. For the financial year 2020/21 the publication date has been moved under the above regulations to 30 September for all local authority bodies.

Local electors have the right to inspect these accounts, and the associated documents, in accordance with the Local Audit and Accountability Act 2014. The inspection period for 2020/21 has been moved from of the start of June, to commencing no later than the first working day of August under the amended regulations.

The Council will start its inspection period for 2020/21 on 19 July 2021 and will run for 30 working days.

Current Statement of Accounts

Previous Statements of Accounts

Pension Fund Annual Report

Budget books

Each year we set detailed revenue and capital budgets.

The revenue budgets include income and expenditure relating to the day to day running of the Council.

The capital budgets include income and expenditure that will yield benefit to the Council over a period of more than a year (e.g. roads, buildings).

Current budget book

Previous budget books

Treasury management

We manage the Council’s cash to ensure that:

  • No cash is lost through poor investments
  • Investments are timed to prevent the need for short term borrowing
  • Borrowing is planned and taken at the best time
  • Informed decisions are taken to ensure the most efficient use of cash over the medium term

Priorities when investing money

When deciding how to invest money, we consider:

  • The security of the investment
  • The need for liquidity (to have money available when it’s needed e.g. when a big bill is expected)
  • The return on the investment

The return on investment is only considered once the first two conditions have been satisfied.

More information

Recent information on Richmond’s treasury management has been reported to Cabinet as follows:

VAT number

The Council’s VAT number is GB 222 8069 76.

Contact details

The Accountancy team is available to answer queries about the Council’s accounts and finances between 9am and 5pm, Monday to Friday.

The Accountancy Department

London Borough of Richmond upon Thames
The Town Hall, Room 111
Wandsworth High Street
London
SW18 2PU

Phone: 020 8891 7200

Email: financial.accounts@richmond.gov.uk

Updated: 16 July 2021