London Residuary Body

HC Deb 22 April 1986 vol 96 cc130-1W

Mr. Tony Banks

asked the Secretary of State for the Environment from which date the first year of the London Residuary Body will run for the purposes of its annual report.

Mr. Tracey

Residuary bodies have been asked to prepare their first annual reports for the part-year from their establishment to 31 March 1986, and to adopt the financial year thereafter. The London Residuary Body was established on 12 August 1985.

Mr. Tony Banks

asked the Secretary of State for the Environment what matters will be included in the annual report of the London Residuary Body.

Mr. Tracey

Paragraph 10 of schedule 13 to the Local Government Act 1985 requires residuary bodies' annual reports to cover the discharge of their functions. I refer the hon. Member to the answers I gave him on 21 April, which listed the main responsibilities of the London Residuary Body, indicated that residuary bodies' annual reports were under discussion, and gave an assurance that the aim would be for them to provide as full an account as necessary.