Item 12-Appendix 1

Page 1

CIES CIES
Balance
Sheet
Balance
Sheet
Dr (£'000) Cr (£'000) Dr (£'000) Cr (£'000)
Property, Plant and Equipment 9485
PPP (short-term) 97
PPP and finance lease (long term) 1,413
Short Term borrowings (504)
Usable Reserves (1,005)
Unusable Reserves (9,486)
CIES CIES
Balance
Sheet
Balance
Sheet
Details of Adjustment Dr (£'000) Cr (£'000) Dr (£'000) Cr (£'000)
Provisions (400)
Miscellaneous Services 400
Loan Fund Revenue Account - General Fund (1,233)
Financial Instrument Adjustment Account (Movement in Reserves) 1,233
Short - Term Borrowing (46,652)
Long- term Borrowing 46,652
Short-term PPP (797)
Long term PPP 293
Short - Term Borrowing 504
PPP repayment of debt (467)
PPP Liability 467
Depreciation and Impairment (General Fund) (3,006)
Depreciation and Impairment (HRA) 67
Property, Plant and Equipment (1,866)
Depreciation and Impairment (movement in reserves - General Fund) 3,006     
Depreciation and Impairment (movement in reserves - HRA) (67)
Revaluation Reserve 4,805
Capital Adjustment Account (2,938)
Depreciation 162
Depreciation (Movement in Reserves) (162)
Property Plant and Equipment (162)
Capital Adjustment Account 162
gain/loss on disposal (146)
gain on sale (movement in reserves) 146
Property, Plant and Equipment 146
Capital Adjustment Account (146)
Aggregate effect of adjusted misstatements 3,781 (3,381) 65,257 (65,657)
Appendix 1
Adjustment to Gain/loss on disposal as asset had nil NBV
Adjustment to PPP to correct for the 2022/23 audit adjustment
Opening balance adjustments as a result of timing differences in
preparation of draft 2023-24 accounts and completion of the 2022-
23 audit.
Adjustment to correctly state the prior year comparatives in the 2023/24 required as a result of the late
completion of the 2022/23 audit
Adjustment for depreciation calculated on 2022/23 AUC transferred to OLB
The provision for empoyment tribunals was increased in year as a result of new information which became
available after the preparation of the draft accounts in June 2024.
Opening balance adjustment to correct the accounting of a market loan premium following the
restructuring of long-term borrowing in 2022/23
Correction to the classification of long and short term borrowing
Adjustment to Revaluation and depreciation as a result of 2022/23 audit adjustments which were agreed
after the preparation of the draft 2023/24 financial statements.