Annual report

Local authorities in England and Wales administering a Local Government Pension Scheme (LGPS) are required to produce a Pension Fund Annual Report by 1 December each year, which includes reports on:

  • the management and financial performance of the LGPS fund
  • investment policy and investment performance
  • the administration arrangements during the year
  • a statement by the actuary on the level of funding of the scheme
  • a governance compliance statement
  • a net asset statement and fund account for each fund
  • compliance with the pension administration strategy
  • a funding strategy statement
  • an investment strategy statement
  • a statement of policy relating to communications with members and employers
  • other appropriate material

Annual Report for the year ended 31 March 2021

The Annual Report for the year ended 31 March 2021 will be published here in due course.

Derbyshire County Council, as the Fund’s administering authority, has released the following statement relating to the publication of the Fund’s Statement of Accounts:

Publication of Derbyshire Pension Fund’s Statement of Accounts and Audit Opinion 

The external audit of the draft Statement of Accounts for the year ended 31 March 2021 has not yet been completed by our external auditors, Mazars LLP, as they envisage giving their opinion in November 2021, in line with the proposed timeframe for issuing their audit report on Derbyshire County Council’s financial statements. 

This situation is allowed for by Regulation 10, paragraph (2) of the Accounts and Audit Regulations 2015 (SI 2015/234), as amended by the Accounts and Audit (Amendment) Regulations 2021 (SI 2021/263) . 

This notification explains, as per Regulation 10 (2) (a), that we are not yet able to publish our audited 2020-21 Statement of Accounts in line with publication date of 30 September 2021, as per Regulation 10 (1). The Pension Fund is continuing to work closely with the external auditor to ensure the required work is completed as soon as possible. In line with the Accounts and Audit Regulations 2015, the Derbyshire Pension Fund published a draft Statement of Accounts subject to audit on 10 June 2021 and the final audited Statement of Accounts for the year ended 31 March 2021 will be published as soon as the audit is concluded, and the Independent Auditor’s Report issued.  

Peter Handford

Director of Finance & ICT 

Derbyshire County Council, County Hall, Matlock, Derbyshire, DE4 3AG 

Date: 30 September 2021

Our annual reports are attached to this page.

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