Report of the Chairman on the work of the Audit Committee

The Audit Committee held an extraordinary meeting on 4 December 2024 and considered the following business:

1. 2018-19 to 2022-23 Spelthorne Backstop arrangements for the outstanding annual audit and Value for Money Statements

1.1 The Committee considered the unaudited financial statements for the years ended 31 March 2019 to 2023 together with BDO’s Combined Audit Planning and completion reports.

1.2 The Committee resolved to approve the unaudited financial statements for the years ended 31 March 2019 to 2023 in compliance with the backlog regime.

2. Value Money Opinion

2.1 The Committee received a verbal update from the BDO representative on their progress in finalising their Value for Money Conclusion, Auditor’s Annual Report and Audit Certificates.

2.2 The Committee resolved to note the update