We acknowledge that Middlesbrough Development Corporation did not meet the statutory requirement topublish the audited accounts for the financial year 2023/24 by the backstop date of 28 February 2025.
The delay arose due to a failure to fully comply with the inspection period. It should have begun the day after publication rather than the day they were uploaded. Therefore, we had to extend the inspection period.
Our initial inspection notice was published on our website alongside the draft financial statements for 2023/24, with the public inspection period running from 20th January 2025 to 28th February. We recognise that, we did not comply in full with the regulation therefore we extended this inspection period until 3rd March 2025. We regret this
oversight and are committed to ensuring that we comply in full in future years.
This administrative error meant that the conditions necessary to proceed with the audit and meet the 28 February 2025 backstop date were not fulfilled. Middlesbrough Development Corporation fully recognises the importance of compliance with these statutory obligations and has taken steps to strengthen internal processes and governance controls to prevent recurrence.
Looking ahead to the 2024/25 financial year, Middlesbrough Development Corporation has worked closely with our external auditors, EY, to establish a clear and achievable timetable for the preparation, review, and publication of both unaudited and audited accounts. This includes agreed milestones to ensure that the Accounts and Annual Governance Statement is published in accordance with statutory requirements and that the public inspection period is properly facilitated. We are confident that the plan in place will enable us to meet all regulatory deadlines, including the statutory backstop of 27 February 2026.
Middlesbrough Development Corporation – Section 24 Response Letter
MDC Notice of Response to the Statutory Recommendations Report from EY
Notice of: Annual Governance and Accountability Return (AGAR) 2022-23
Middlesbrough Development Corporation 2022-23 AGAR
The Accounts and Audit Regulations 2015 require that the accounting records for the financial year ended 31 March 2023, together with all records must be made available for inspection by any interested person for a period of 30 working days.
As the Responsible Financial Officer, I confirm that the Annual Governance and Accountability Return (AGAR) for the year ended 31 March 2023 has been prepared but remains UNAUDITED. The accounts are therefore subject to change.
The 30‑working‑day period for the exercise of public rights will commence on:
22nd December 2025
and will conclude on:
5th February 2026
During this period, any person interested has the right to inspect the accounting records and related documents. Inspection may be arranged by application to:
Jo Moore
Interim Group Director of Finance and Resources
Tees Valley Combined Authority, Teesside International Airport, Teesside Airport Business Suite, Darlington DL2 1NJ
Inspection will take place at the address above, by prior appointment only.
EXTERNAL AUDITOR DETAILS
As required by Regulation 15(2)(b), the name and address of the authority’s appointed external auditor are:
Moore
Rutland House, Minerva Business Park, Lynch Wood, Peterborough PE2 6PZ
[email protected] / 01733397300
This notice is published in accordance with Regulation 15 of the Accounts and Audit Regulations 2015 and accompanies the unaudited AGAR Sections 1 and 2.
A copy of this notice will be available at the registered address for this Corporation.
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