Finance and Governance

On 15 September 2011, The Police Reform and Social Responsibility Act 2011 received Royal Assent in Parliament, representing a significant shift in the way the police service in England and Wales are governed and held accountable.

One of the key reforms was to replace police authorities (including Thames Valley Police Authority) with elected Police and Crime Commissioners (PCC) for each police force area. The newly-elected PCCs took office on 22 November 2012.

At the same time a separate legal body for each Chief Constable was established and made responsible for the police service in the area.

The primary function of the new body headed by the Chief Constable is the exercise of operational policing duties under the Police Act 1996.

Financial Regulations

Financial Regulations are an important part of the overall corporate governance arrangements. They set out the duties, rights and powers of the PCC, Chief Constable and their respective Chief Finance Officers, and provide clarity about the financial accountabilities of groups or individuals.

The financial regulations apply to every member and officer of the service and anyone acting on its behalf.

The document covers the following areas:

  • Financial management
  • Financial planning
  • Management of risk and resources
  • Systems and procedures
  • Contract regulations
  • External arrangements
  • Delegated financial limits

The Financial Regulations document has been incorporated into the Corporate Governance Framework (PDF 1.13 Mb - opens new window).

Statement of Accounts

The Statement of Accounts are statutory documents produced annually. They provide information about the Police and Crime Commissioner (PCC) and the Chief Constable's financial performance and financial position.

There are statements, one covering the Chief Constable and the other about the PCC and the 'group' as a whole (the combined performance of the PCC and the Chief Constable).

The Statement of Accounts contains the following information about the previous financial year:

  • Narrative report
  • Audit report and opinion
  • Statement of responsibilities
  • Annual governance statement
  • Statement of accounting policies
  • Income and expenditure account
  • Movement in reserve statement
  • Cash flow statement
  • Balance sheet
  • Notes to the accounts
  • Pension fund accounts
  • Glossary of terms

All Local Authorities, Chief Constables and PCCs are required to follow the same standard format when producing their statutory accounts.  This should enable members of the public to compare and contrast the Authority's financial performance over a number of years as well as with other Local Authorities, Chief Constables and PCCs.

Accounts for 2015/16

These accounts provide information about the Chief Constable's financial performance and financial position.

Chief Constable's Statment of Accounts 2015/16 (PDF 1.27 Mb - opens new window)

PCC's Statement of Accounts 2015/16 (PDF 1.56 Mb - opens new window)

For accounting purposes, the accounts of the Chief Constable (the Force) and the PCC together are known as the Group Accounts and provide the combined performance of the PCC and the Chief Constable. The Group Accounts are shown from pages 78 to 112 in the PCC Accounts.

The Annual Statement of Accounts is, by necessity, a very lengthy and technical document.  For a shorter, more readable summary of the financial position, please read the narrative report at the beginning of the statement of accounts.

The annual audit letter 2015-16 (PDF 2.31 Mb - opens new window) has also been published as well as the Post Opinion Certificate on the Chief Constable Accounts (PDF 10 Kb - opens new window) and the Notice of Completion of Audit (PDF 57 Kb - opens new window).

Public Inspection Notice 2016 (PDF 27 Kb - opens new window)

Accounts for 2014/2015

Chief Constable's Statment of Accounts 2014/15 (PDF 867 Kb - opens new window)

PCC's Statement of Accounts 2014/15 (PDF 1.51 Mb - opens new window)

For accounting purposes, the accounts of the Chief Constable (the Force) and the PCC together are known as the Group Accounts and provide the combined performance of the PCC and the Chief Constable. The Group Accounts are shown from pages 73 to 105 in the PCC Accounts.

The Annual Statement of Accounts is, by necessity, a very lengthy and technical document. We have therefore produced a summary set of group accounts (PDF 165 Kb - opens new window) which aims to show main financial statements in a clearer, more user-friendly manner.

The annual audit letter 2014-15 (PDF 50 Kb - opens new window) has also been published as well as the Post Opinion Certificate on the Chief Constable Accounts (PDF 12 Kb - opens new window) and the Notice of Completion of Audit. (PDF 63 Kb - opens new window)

Accounts for 2013/14

These accounts provide information about the Chief Constable's financial performance and financial position.

Chief Constable's Statement of Accounts 2013/14 (PDF 393 Kb - opens new window)

For accounting purposes, the accounts of the Chief Constable (the Force) and the PCC together are known as the PCC Group and provide the combined performance of the PCC and the Chief Constable.

PCC's Statement of Accounts 2013/14 (PDF 914 Kb - opens new window)

The Annual Statement of Accounts is, by necessity, a very lengthy and technical document. We have therefore produced a summary set of group accounts (PDF 164 Kb - opens new window) which aims to show main financial statements in a clearer, more user-friendly manner.

The Annual Audit Letter (PDF 31 Kb - opens new window) has also been published.

Accounts for 2012/13

These were the first set of accounts to be prepared under the new arrangements during 2013/14.

Chief Constable's Statement of Accounts 2012/13 (PDF 1013 Kb - opens new window)

For accounting purposes, the accounts of the Chief Constable (the Force) and the PCC together are known as the PCC Group and provide the combined performance of the PCC and the Chief Constable.

PCC's Statement of Accounts 2012/13 (PDF 3.52 Mb - opens new window)

The Annual Statement of Accounts is, by necessity, a very lengthy and technical document. We have therefore produced a summary set of group accounts (opens new window) which aims to show main financial statements in a clearer, more user-friendly manner.