The Audit Committee of Tower Hamlets Council is scheduled to meet on Wednesday, 10 December 2025, to discuss the auditor's reports for the year ending 31 March 2025, and the 2024/25 Statement of Accounts.

Auditor's Reports

The committee is expected to review several reports from the auditors concerning the year ending 31 March 2025. These include:

• LBTH Draft Auditor's Annual Report
• LBTH Provisional Audit Results Report
• LBTH Pension Fund Audit Results Report

These reports are intended to provide an overview of the council's financial performance and risk management.

2024/25 Statement of Accounts

The committee is also scheduled to discuss the 2024/25 Statement of Accounts. The Statement of Accounts is a detailed financial report that provides a comprehensive overview of the council's financial performance and position for the financial year. Audit Committees are responsible for approving the Authority's Statement of Accounts.

Declarations of Interest

At the beginning of the meeting, members are reminded to declare any interests they may have in the items on the agenda. According to the Public reports pack, members should consider the categories of interest identified in the Code of Conduct for Members to determine if they have an interest in any agenda item and what action they should take. The Public reports pack states that it is each Councillor's responsibility to identify any interests and update their register of interest form as required by the Code.

The Public reports pack outlines the different types of interests:

• Disclosable Pecuniary Interests (DPI): These relate to employment, sponsorship, contracts, land, licenses, corporate tenancies, and securities. Members with a DPI must declare the nature of the interest and leave the meeting room during the consideration and decision on the item, unless exercising their right to address the Committee. > Members with a DPI, (unless granted a dispensation) must not seek to improperly influence the decision, must declare the nature of the interest and leave the meeting room (including the public gallery) during the consideration and decision on the item – unless exercising their right to address the Committee. > > Public reports pack
• Non-DPI Interests: These relate to the offer of gifts or hospitality, council appointments or nominations to bodies, and membership of any body exercising a function of a public nature, a charitable purpose, or aimed at influencing public opinion. Members must declare the nature of the interest but may stay in the meeting room and participate in the consideration of the matter and vote on it unless a reasonable person would think that their interest is so significant that it would be likely to impair their judgement of the public interest.
• Other Interests: Occasions may arise where a matter under consideration would, or would be likely to, affect the wellbeing of a Councillor, their family, or close associates more than it would anyone else living in the local area but which is not required to be included in the Register of Members' Interests. In such matters, Councillors must consider whether their interest is so significant that it would be likely to impair their judgement of the public interest.