The Head of Finance and Risk at Merseyside Pension Fund presented this report which provided an update on the approval of the 2021/22 Statement of Accounts, provided the Annual Report and Accounts for Merseyside Pension Fund for 2022/23 and a letter of representation prepared by Officers on behalf of the Committee. The audit work had not identified any adjustment to the financial statements’ financial position; a small number of changes to the disclosure notes had been agreed.

The Fund’s financial position for the year ended 31 March 2023 was reported as £10.4bn. The external auditors subject to the completion of their outstanding work, were indicating issuing an unqualified opinion with no recommendations.

Resolved – That,

(1)  The update for 2021/22 be noted.

(2)  The Audit Findings Report, the amendments to the accounts, the Letter of Representation and the audited Statement of Accounts for 2022/23 be approved.

(3)  The recommendations above be referred to the Audit and Risk Management Committee.

The Annual Report of Merseyside Pension Fund for 2022/23 be approved for publication.