Source · Select Committees · Public Accounts Committee
11th Report - Excess votes 2023-24
Public Accounts Committee
HC 719
Published 26 February 2025
Conclusions (6)
4
Conclusion
Not Addressed
Under Standing Order of the House of Commons number 55(2) (d), the Committee of Public Accounts scrutinises the reasons behind any individual bodies exceeding their allocated resources, and reports to the House of Commons on whether it has any objection to making good the reported excesses. Once the Committee has …
Government Response Summary
The government response restates the committee's conclusion verbatim, providing no new information or action.
5
Conclusion
Not Addressed
Figure 1 shows the excess incurred in 2023–24. Parliament is being asked to approve additional budget for the excess reported in the table. 4 Figure 1: Summary of the 2023–24 Excess Department Voted Capital Voted Capital Voted Resource Departmental Annually Annually Managed Expenditure Limit Managed Expenditure Limit Expenditure Limit Excess …
Government Response Summary
The government repeats the committee's conclusion that Parliament is being asked to approve additional budget for the excess reported in the table.
10
Conclusion
Ofqual’s lease of its existing offices in Coventry was due to expire in July
11
Conclusion
In January 2024, Ofqual requested additional budget of £417,000 in its Supplementary Estimate 2023–24, as it anticipated certain preparation costs for the office move. However, Ofqual expected the move itself would take place in April 2024 and therefore would recognise a right of use asset and related liabilities in its …
12
Conclusion
However, under the terms of lease, Ofqual took the option to access the property so as to conduct its fit out works from 1 March 2024. Under International Financial Reporting Standard 16 Leases, Ofqual should have therefore recognised its lease commitment from 1 March 2024, rather than from April, as …
13
Conclusion
The impact of this earlier than expected recognition point had not been taken into account in the Main or Supplementary Estimates. The Department for Business and Trade3