Annual report 2009/10: Financial Accounts
for the year ended 31 March 2010
The revised grant memorandum, which came into effect on 1 September 1999, sets out the arrangements for the use of the grant made annually by the Office of the Deputy Prime Minister (ODPM), and its successor the Department for Communities and Local Government (CLG), from the Revenue Support Grant to meet the cost of the Local Government Ombudsman service in England.
For the year ended 31 March 2010, operational expenditure totalled £13.124 million after capitalisation – a net underspend of £1.6 million. The Commission invested £1.638 million in non current assets which were capitalised.
The Commission has elected to prepare the Annual Accounts for 2009/10 under ‘International Financial Reporting Standards’ (IFRS) and has restated prior year comparators under IFRS convention. The National Audit Office has audited the latter and has approved the restatements. The main accounts were subject to audit in June 2010.
The tables which follow show the summarised financial statements for the year ended 31 March 2010. The figures have been extracted from the unaudited accounts. The audited accounts, prepared in the form agreed with CLG, and the statement of accounting policies and the notes to the accounts will be published separately. They will be available from the Secretary of the Commission at 10th Floor, Millbank Tower, Millbank, London SW1P 4QP, telephone 020 7217 4683 and on our website at www.lgo.org.uk in August 2010.
Table 15: Statement of financial position at 31 March 2010
| Liabilities |
Balances at 31.3.10 £'000
|
Balances at 31.3.09 £'000
|
Assets |
Balances at 31.3.10 £'000
|
Balances at 31.3.09 £'000
|
|
|
|
Non-current assets |
1,633 |
615 |
| Creditors |
685 |
1,746 |
Cash and bank deposits |
1,699 |
1,117 |
| Pension Fund liability |
32,753 |
12,875 |
Pension Fund reserve |
32,753 |
12,875 |
| Working balance |
3,761 |
611 |
Debtors and prepayments |
1,114 |
625 |
|
37,199 |
15,232 |
|
37,199 |
15,232 |
Table 16: Income statement for year ended 31 March 2010
| Expenditure |
2009/10 £'000 |
2008/09 £'000 |
Income |
2009/10 £'000 |
2008/09 £'000 |
| Staffing |
8,716 |
10,572 |
Grant in Aid/Revenue Support Grant |
16,145 |
12,600 |
| Professional costs |
644 |
545 |
Interest on deposits |
17 |
68 |
| Accommodation |
2,391 |
1,826 |
Rents and service charges |
627 |
320 |
| Office expenses |
1,164 |
950 |
Training income |
139 |
148 |
| Travel and subsistence |
208 |
171 |
Other receipts |
17 |
7 |
| Pension fund cost |
984 |
420 |
|
|
|
| Total expenditure |
14,107 |
14,484 |
Total income |
16,945 |
13,143 |
| Surplus credited to working balance |
0 |
0 |
Deficit (surplus) charged to working balance |
-2,838 |
1,341 |
|
14,107 |
14,484 |
|
14,107 |
14,484 |
Staffing 2009/10
The total employee payroll bill for the year was £8.7 millon. The number of Ombudsmen and their staff whose salary at 31 March exceeded £30,000 were:
Table 17: Salaries exceeding £30,000
|
2009 |
2010 |
| £30,001 - £40,000 |
69 |
46 |
| £40,001 - £50,000 |
32 |
36 |
| £50,001 - £60,000 |
10 |
12 |
| £60,001 - £70,000 |
1 |
2 |
| £70,001 - £80,000 |
1 |
1 |
| £80,001 - £90,000 |
3 |
2 |
| £90,001 - £100,000 |
0 |
1 |
| £100,001 - £110,000 |
0 |
0 |
| £110,001 - £120,000 |
0 |
0 |
| £120,001 - £130,000 |
2 |
1 |
| £130,001 - £140,000 |
0 |
0 |
| £140,001 - £150,000 |
0 |
0 |
| £150,001 - £160,000 |
0 |
0 |
| over £160,000 |
1 |
1 |
| Total |
119 |
102 |
(The salary of the Chairman and Chief Executive of the Commission was linked to that of a High Court Judge, and those of the other Local Government Ombudsmen were linked to the salaries of circuit judges; the salaries of staff are based on local and national government scales.)
Date Updated: 21/07/10