Issue - meetings
Statement of Accounts 2024/25 and Annual Governance Statement 2024/25
Meeting: 26/09/2025 - West Mercia Energy Joint Committee (Item 22)
22 Statement of Accounts 2024/25 and Annual Governance Statement 2024/25 
PDF 112 KB
Report of Treasurer
Contact: James Walton
Additional documents:
- Appendix 1 - Statement of Accounts 24-25, item 22
PDF 672 KB
- Appendix 2 - AGS 24-25, item 22
PDF 158 KB
Decision:
That the finalised Statement of Accounts 2024/25 to be signed by the Chairman and the Treasurer.
That the Annual Governance Statement 2024/25 be noted.
Minutes:
James Walton, Treasurer (WME) presented the Statement of Accounts 2024/25 and the Annual Governance Statement 2024/25 highlighting that overall profitability was strong, and customer retention was good. It was added that the Annual Governance Statement showed robust governance and no significant control weaknesses.
In response to a question the Treasurer explained that the distribution to member authorities was higher than the net surplus due to timing differences - the net surplus was calculated at year-end, a retention was held, and the distribution payment was made in the following financial year, causing a mismatch between the distribution and the surplus shown in the accounts.
RESOLVED:
1. That the finalised Statement of Accounts 2024/25 to be signed by the Chairman and the Treasurer.
2. That the Annual Governance Statement 2024/25 be noted.