Agenda item

This report provides the Audit & Governance Committee with the outcome and findings of the external audits of the 2021/22 financial statements of Hendeca Group Ltd, Surrey Choices Ltd, Halsey Garton Residential Ltd, and Halsey Garton Property Ltd.

Speakers:

Joe Stockwell, Senior Finance Business Partner

Anna D’Alessandro, Director – Corporate Finance and Commercial

Paul Evans, Director, Law and Governance

Key points raised during the discussion:

1. The Senior Finance Business Partner presented highlights of the submitted report that detailed the outcome and findings of the external audits of the 2021/22 financial statements of Hendeca Group Ltd, Surrey Choices Ltd, Halsey Garton Residential Ltd, and Halsey Garton Property Ltd.
2. In response to a Member question, it was confirmed that the accounts had been considered by the relevant Boards and filed with Companies House.  The Director, Law and Governance also stated that they had been reported to the Council’s Shareholder Investment Board.
3. In response to a Member question about the unrealised loss of £36m the Senior Finance Business Partner explained that the revaluation of assets in Halsey Garton Property and downward trend was due to a number of trading positions and effects from Covid.  The Director – Corporate Finance and Commercial reminded the Committee that these were retrospective accounts, and the next set were expected to be improved.

Action/Further information to note:

None.

RESOLVED:

That the 2021/22 Audit Reports for of Hendeca Group Ltd, Surrey Choices Ltd, Halsey Garton Residential Ltd, and Halsey Garton Property Ltd be noted.