Coal Finance Transactions: Monthly Overview - June 2022
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The Coal Authority, now operating as the Mining Remediation Authority under the UK government, has a unique approach to financial transparency. Instead of publishing monthly financial reports, the organisation prefers to release an annual report and accounts each year [1].
This yearly financial transparency practice began in November 2024, when the Coal Authority adopted the name Mining Remediation Authority to reflect its evolving role. The most recent available financial transparency document is the 2024-2025 annual report and accounts [1].
The report provides comprehensive sections on finance risk management, governance, remuneration, and financial controls. However, it does not indicate a dedicated monthly financial report published publicly [1].
Key financial transparency points from the 2024-2025 annual report include:
- The organisation relies largely on grant-in-aid and other income, with no borrowings and strong financial controls.
- Risk management is rigorous, focusing on liquidity, credit, and cash flow risks.
- Financial figures, including discount rates on provisions as per HM Treasury’s specifications, are reported annually.
- Remuneration data is disclosed within this report.
If you are seeking monthly financial status details, it's important to note that such information may not be publicly issued or would likely require a direct inquiry to the authority [1].
In the search for relevant monthly financial transparency data specifically for the Coal Authority, no such information was found in public government disclosures. The search results instead related to mining companies, coal plants, or fossil fuel exports unrelated to the UK's Coal Authority transparency reporting [2][3][4][5].
However, it is worth mentioning that the Coal Authority does disclose monthly financial transactions on its website. This disclosure is part of the government's commitment to transparency in expenditure [1].
The Mining Remediation Authority, previously known as the Coal Authority, primarily focuses on business matters and finance, as evidenced by their yearly financial transparency practices and the comprehensive sections on finance risk management, governance, remuneration, and financial controls in their annual report and accounts. Despite the annual disclosure of financial figures, there is no publicly available monthly financial report published by the organization.
