Issue - meetings
Draft Accounts - Welsh Church and Mon Farm School
Meeting: 30/07/2020 - Governance and Audit Committee (Item 4)
Draft statement of accounts - Charitable Trust Funds
Additional documents:
- 20072020 Statement of account Trusts other Audit Committee, item 4
PDF 228 KB
- Appendix 1 Draft Welsh Church Fund Financial Statements 2019-20, item 4
PDF 411 KB
- Appendix 2 Mon Farm Accounts - 28-05-20, item 4
PDF 328 KB
- Appendix 3 Llanelly Hill Accts, item 4
PDF 124 KB
Minutes:
The Finance Manager presented the report. It was noted that the Welsh Church Trust Fund requires formal audit by Audit Wales before submission to the Charities Commission, Monmouthshire Farm Endowment Trust Fund has independent examination by Audit Wales before submission and the Llanelly Hill Social Welfare Centre Trust Fund does not require formal audit or inspection before submission. Following presentation of the report, questions were asked as follows:
A Member questioned why there were two identical columns in relation to the Welsh Church Fund for 2020. It was agreed that an adjustment was required. It was noted that the audit fees had risen by 3% and justification was requested. The Wales Audit Officer explained that the costs recorded are the actual costs of delivering the audit.
As per the report recommendations, the draft statements of accounts for 2019/20 for the charitable trust funds noted above were reviewed.