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Audit and Standards Advisory Committee - Wednesday 3 December 2025 6.00 pm

  • Attendance details
  • Agenda frontsheet PDF 354 KB
  • Agenda reports pack PDF 12 MB

Venue: Boardrooms 4-6 - Brent Civic Centre, Engineers Way, Wembley, HA9 0FJ. View directions

Contact: Harry Ellis, Governance Officer  Tel: 020 8937 3287; Email:  harry.ellis@brent.gov.uk

Items
No. Item

1.

Apologies for absence and clarification of alternate members

2.

Declarations of Interest

Members are invited to declare at this stage of the meeting, the nature and existence of any relevant disclosable pecuniary or personal interests in the items on this agenda and to specify the item(s) to which they relate.

3.

Deputations (if any)

To hear any deputations received from members of the public in accordance with Standing Order 67.

4.

Minutes of the previous meeting & Action Log pdf icon PDF 323 KB

4.1   To approve the minutes of the previous meetings held on Thursday 25 September 2025 as correct record.

 

4.2   To note the updated action log arising from previous meetings of the Audit & Standards Advisory Committee.

Additional documents:

  • 04a. Updated Action Log - Dec 3 , item 4. pdf icon PDF 417 KB

5.

Matters arising (if any)

To consider any matters arising from the minutes of the previous meeting.

Standards Items

6.

Standards Report (including gifts & hospitality) pdf icon PDF 207 KB

The purpose of this report is to update the Audit and Standards Advisory Committee on gifts and hospitality registered by Members as well as Member Training. The report also updates the Committee in respect of the consultation outcome “Strengthening the standards and conduct framework for local authorities in England and Government’s response.

Additional documents:

  • 06a. Appendix A - Gifts& Hospitality Q2 ( July - Sept) 2025 , item 6. pdf icon PDF 222 KB
  • 06b. Appendix B - Strengthening the standards and conduct framework for local authorities consultaion response , item 6. pdf icon PDF 204 KB

Audit Items

7.

Interim Counter Fraud Report 2025-26 pdf icon PDF 225 KB

This report presents the Council’s Interim Counter Fraud Report for the financial year 2025-26.

Additional documents:

  • 07a. Appendix 1 - Interim Counter Fraud Report 2025-26 , item 7. pdf icon PDF 760 KB

8.

Internal Audit Interim Report – 2025-26 pdf icon PDF 242 KB

This report outlines the work undertaken by Internal Audit in respect of delivery of the 2025-26 Internal Audit Plan as at the end of October 2025.

Additional documents:

  • 08a. Appendix 1 - Internal Audit Interim Report 2025-26 , item 8. pdf icon PDF 574 KB

Finance & External Audit Items

9.

Treasury Management Mid Year Report 2025-26 pdf icon PDF 703 KB

This report updates Members on Treasury activity for the first half of the financial year 2025-26.

Additional documents:

  • 09a. Appendix 1 - Economic commentary , item 9. pdf icon PDF 117 KB
  • 09b. Appendix 2 - Debt and Investments Portfolio , item 9. pdf icon PDF 98 KB
  • 09c. Appendix 3 - Average Rate vs Credit Risk , item 9. pdf icon PDF 482 KB
  • 09d. Appendix 4- Prudential Indicators 2025.26 Q2 , item 9. pdf icon PDF 339 KB

10.

Treasury Management Strategy 2026-27 pdf icon PDF 239 KB

This report presents the draft Treasury Management Strategy for 2026/27.

Additional documents:

  • 10a. Appendix 1- Treasury Management Strategy 2026-27 , item 10. pdf icon PDF 485 KB
  • 10b. Appendix 2 - Treasury Management Strategy 2026-27 Economic Commentary & Interest Rate Forecast , item 10. pdf icon PDF 377 KB
  • 10c. Appendix 3 - Treasury Management Strategy 2026-27 Average Rate Vs Credit Risk , item 10. pdf icon PDF 128 KB
  • 10d. Appendix 4 - Treasury Management Strategy 2026-27 , item 10. pdf icon PDF 102 KB

11.

External Audit Findings Report & Council's Statement of Accounts 2024-25 pdf icon PDF 2 MB

To receive an update on the progress in finalising the External Audit Findings Reports and Council’s Statement of Accounts for 2024-25.

 

The following reports have been attached for consideration:

 

11.1    External Audit Findings Report for the London Borough of Brent

 

11.2    External Audit Findings Report for Brent Pension Fund

 

11.3    Council & Pension Fund Statement of Accounts 2024-25

Additional documents:

  • 11.2 Brent Pension Fund Audit Findings Report 2024-25 - Draft 25 November , item 11. pdf icon PDF 1 MB
  • 11.3 Statement of Accounts 24-25 , item 11. pdf icon PDF 228 KB
  • 11.3(a) Appendix A - Draft LB Brent Letter of representation , item 11. pdf icon PDF 301 KB
  • 11.3(b) Appendix B - Draft Brent Pension Fund letter of representation , item 11. pdf icon PDF 361 KB
  • 11.3(c) Appendix C - Brent Pension Fund Draft Audit Opinion , item 11. pdf icon PDF 411 KB

12.

Audit & Standards Advisory Committee Forward Plan & Work Programme 2025-26 pdf icon PDF 147 KB

To consider the Audit and Standards Advisory Committees work programme 2025-26.

13.

Any other urgent business

Notice of items to be raised under this heading must be given in writing to the Deputy Director Democratic & Corporate Governance or their representative before the meeting in accordance with Standing Order 60.

 

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