We have identified 13 evidence-based social value themes for Northumberland National Park Authority in North East across 10 service areas. These insights are derived from the latest council meeting transcripts and can inform your social value strategy for bids and tenders.
Approve audited accounts
Members were asked to approve the audited 2024/25 statement of accounts and authorise sign-off by the deputy chair and chief executive/national park officer. They also endorsed the audit completion re…
“So the report asks members to approve the audited statement of accounts for 20 2425 which is an appendix B report and also to authorize the deputy cha…”
2024/25 accounts and reserves
The authority reported a 2024/25 surplus and increase in usable reserves, with earmarked reserves and a general fund balance identified to support future budget requirements and exceptional cost press…
“A surplus of £377,600 was reported to the July authority um meeting for 202425 and this increases our total usable reserves from 1,992,900 to 2,370,50…”
Lease accounting under IFRS16
The authority had to recognise lease liabilities and right-of-use assets for leases over 12 months under IFRS16 from 1 April 2024. This created extra finance work and brought a new lease liability ont…
“Um so the key financial results appendix four to the report shows some key trends in graphical form. On the first two graphs you can see the marked in…”
Audit fee uplift for IFRS16
The external auditor stated that the new lease accounting standard requires additional audit work and therefore a recurring £2,000 fee uplift. This is a small but explicit additional spend decision ar…
“It's the last part of all of our reports is always the audit fees. So there is an additional audit version um and that's in relation to the new standa…”
Medium-term budget and reserves allocation
The authority set out how it intends to use additional one-off revenue funding and carry forwards, including allocations to reserves and delegated authority to start priority schemes before September.…
“So as members are aware due to the late confirmation of threeear settlement and the capital allocation as well as the late application of one-off reve…”
Audit focus on planning and EDI
Internal audit will examine the new financial system, equality/diversity/inclusion in recruitment and volunteering, and the planning process including development management, policy implementation and…
“The areas chosen for audit for the coming year are the new financial system to provide assurance on fundamental financial controls within the new syst…”
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