Balance Sheet
Lambeth Council is currently addressing concerns about its financial management and reporting following an independent review.
An independent review by Grant Thornton found Lambeth Council at risk of non-compliance in eight key financial areas, including value for money and financial resilience, a report to the Audit and Risk Committee said in October 2026. The review highlighted issues such as consistently evidencing value for money in spending and contracts.
Separately, Haringey Council's Alexandra Park and Palace Board was scheduled to review its Trustees' Annual Report and Financial Statements for 2025-2026 in July 2026. This review was part of broader discussions on financial and operational matters for the board.
A balance sheet is a financial statement that provides a snapshot of an organisation's financial position at a specific point in time. It reports the organisation's assets, liabilities, and equity, giving an overview of its financial health.
Key facts
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 23 October 2026. Spotted a mistake? Email community@opencouncil.network.