LGPS accounting August 2024 - key topics to consider

Many academies will have received, or be shortly due to receive, their FRS 102 actuary’s reports as at 31 August 2024. For many, this could be a second year-end where they have an accounting surplus, but the first year-end after the guidance issued by CIPFA in November 2023 around how to deal with accounting surpluses.

This webinar – now available on demand – is designed to help academies make sense of their 31 August 2024 LGPS pension disclosures. It also covers three new appendices and reports that Barnett Waddingham have introduced this year to accompany the FRS 102 actuary’s reports. These appendices can be requested at any time, even following the actuary’s report being issued.

What will you learn?

You'll get

• an explanation of typical balance sheet positions at 31 August 2024 and the typical reasons for any changes since 31 August 2023; 
• details on Barnett Waddingham’s default approach to asset ceilings, as a result of the CIPFA guidance and feedback from the main audit firms;
• a summary of the range of requests that Barnett Waddingham are receiving around asset ceilings;
• details of the three additional appendices and reports that academies can request, to help them finalise their accounts or their online ESFA accounts return; and
• commentary on recent regulatory considerations, including the Virgin Media Court of Appeal ruling.

This webinar should help academies understand their FRS 102 accounting disclosures and streamline their 31 August 2024 accounts sign off process.