London Borough of Havering Draft Statement of Accounts 2020/21
Group Comprehensive Income and Expenditure Statement 2020/21 The Group Comprehensive Income and Expenditure Statement shows the accounting cost in the year of providing services in accordance with generally accepted accounting practices, rather than the amount to be funded from taxation (or rents). Authorities raise taxation (and rents) to cover expenditure in accordance with statutory requirements; this may be different from the accounting cost. The taxation position is shown in both the Expenditure and Funding Analysis and the Movement in Reserves Statement. 1 April 2019 – 31 March 2020 £000 £000 £000 Gross Expenditure
Gross Income
1 April 2020 – 31 March 2021 £000 £000 £000 Gross Expenditure
Net
Gross Income
Net
Gross expenditure, gross income and net expenditure of continuing operations 35,930 43,629 42,609 4,021 81,451 212,404 10,257 82,095 24,012 536,408
(4,166) (26,801) (65,153) (2,540) (19,197) (147,390) (10,654) (74,444) (4,012) (354,357)
31,764 16,828 (22,544) 1,481 62,254 65,014 (397) 7,651 20,000 182,051
Corporate Budgets Neighbourhoods Housing Regeneration Programme Delivery Adult Services Children’s Services Public Health oneSource Non-Shared oneSource Shared Cost of services
33,397 (2,410) 44,302 (22,666) 25,863 (65,693) 10,500 (12,281) 97,547 (32,956) 205,731 (151,409) 15,588 (19,710) 84,844 (70,193) 24,790 (6,309) 542,561 (383,626)
12,703 12,348 (216,116) (9,014)
Other operating expenditure Financing and investment income and expenditure Taxation and non-specific grant income (Surplus)/Deficit on provision of services
8,555 (127,831) (119,276) (128,290)
(Surplus)/Deficit on revaluation of property, plant and equipment assets Actuarial losses/(gains) on pension assets / liabilities Other comprehensive income and expenditure Total comprehensive income and expenditure
* The Comprehensive Income and Expenditure Statement has been restated to show the Housing Directorate separate.
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30,987 21,636 (39,830) (1,781) 64,591 54,323 (4,121) 14,651 18,481 158,935 16,191 15,522 (230,819) (40,171) (99,572) 119,718 20,146 (20,025)
