Draft Statement of Accounts 2003-04 - Subject to Audit

Draft Statement of Accounts 2003-2004 Subject to Audit Version 2a – 20 July 2004 51Metropolitan Police Authority Statement of Accounts 2003-2004 Contents Page Foreword 01 Audit Opinion 03 Statement of Responsibilities 04 Statement on System of Internal Control 5 Accounting Policies 8798 Revenue Account 1150 Notes to the Revenue Account 16 Balance Sheet 21 Notes to the Balance Sheet 22 Statement of Total Movements in Reserves 27 Cash Flow Statement 32 Notes to the Cash Flow Statement 33 Glossary 34 Page 1 Foreword to the Accounts The Metropolitan Police Authority (MPA) is responsible for the finances of the Metropolitan Police Service (MPS) and the accounts therefore record all the expenditure and income of the MPS. This statement of accounts relates to the period to 31 March 2004. The accounts consist of: The Revenue Account, showing details of expenditure and income; The Balance Sheet, setting out the financial position of the Authority at 31 March 2004; A Statement of Total Movements in Reserves; and The Cash Flow Statement, summarising the inflows and outflows of cash. Accounting policies and explanatory notes support the accounts so that they can be more easily understood. Revenue Account The Mayor and London Assembly set the budget for 2003-04 following the submission of draft proposals by the MPA. The ...