Budgets and spending
We have a duty to manage all public funds properly. We publish details of all payments to suppliers over £500.
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
- Independent Auditor's Report 2019/20 (pdf, 3.5 MB)
- Statement of Accounts 2019/2020 (pdf, 1.4 MB)
- Statement of Accounts 2018/2019 (pdf, 1.2 MB)
- Annual Audit Letter 31 March 2019 (pdf, 14.8 MB)
- Independent Auditor's Report 2018/2019 (pdf, 17 KB)
- Statement of Accounts 2017/2018 (pdf, 1.7 MB)
- Independent Auditor's Report 2017/2018 (pdf, 332 KB)
- Statement of Accounts 2016/2017 (pdf, 2.4 MB)
- Statement of Accounts 2015/2016(pdf, 2469KB)
- Statement of Accounts 2014/2015(pdf, 1738KB)
- Statement of Accounts 2013/2014(pdf, 1677KB)
- Statement of Accounts 2012/2013(pdf, 707KB)
- Statement of Accounts 2011/2012(pdf, 736KB)
- Statement of Accounts 2010/2011(pdf, 1527KB)
- Statement of Accounts 2009/2010(pdf, 1000KB)
Pension Fund Annual Report
- Pension Fund Annual Report 2014/2015(pdf, 1666KB)
- Pension Fund Annual Report 2013/2014(pdf, 812KB)
- Pension Fund Annual Report 2012/2013(pdf, 383KB)
- Pension Fund Annual Report 2011/2012(pdf, 392KB)
- Pension Fund Annual Report 2010/2011(pdf, 345KB)
- Pension Fund Annual Report 2009/2010(pdf, 347KB)
- Pension Fund Annual Report 2008/2009(pdf, 561KB)
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
- Budget Book 2020/2021 (pdf, 4.0 MB)
- Budget Book 2019/2020 (pdf, 2.0 MB)
- Budget Book 2018/2019 (pdf, 1.8 MB)
- Budget Book 2017/2018 (pdf, 2.4 MB)
- Budget Book 2016/2017(pdf, 1875KB)
- Budget Book 2015/2016(pdf, 1833KB)
- Budget Book 2014/2015(pdf, 1299KB)
- Budget Book 2013/2014(pdf, 1531KB)
- Budget Book 2012/2013(pdf, 1448KB)
- Budget Book 2011/2012(pdf, 3491KB)
- Budget Book 2010/2011(pdf, 2514KB)
- Budget Book 2009/2010(pdf, 5400KB)
- Budget Book 2008/2009(pdf, 5864KB)
- Budget Book 2007/2008(pdf, 1398KB)
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.
Recent information on Richmond’s treasury management has been reported to Cabinet as follows:
- September 2018 Treasury Management Annual Report 2017/18, giving a summary of Treasury Management activity and performance for the prior year.
- 22 February 2018 Treasury Management Policy and Strategy for 2018/19 setting the objectives and controls for Treasury Management for the coming year.
The Council’s VAT number is GB 222 8069 76.
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
Phone: 020 8891 7200
Up to: Council finance
Updated: 16 July 2021