The Chairman informed the Council that the Chairman of the Audit Committee had an important announcement to make regarding related party transactions. Councillor E Bell informed the Council that work had commenced on the closure of the 2010/2011 accounts. As part of this process, the Council’s auditors would be looking closely at a number of areas, including related party transactions. This year’s forms would be circulated on 1 April and it was imperative that all members complete and return the form by the required deadline. Drop-in sessions would be arranged for any member requiring help or assistance.