Finance

Financial Update

Financial information Year Ending 2015/2016

The audited accounts for the parish council have been submitted for external audit.  The internal audit was completed with no issues raised and all records and bank statements were found in good financial order and following best practice.  Below is a summary of the spending of the parish council for the financial year.  We are required under the transparency code to make this information public and available to all parishioners.  The full accounts are available to view through the clerk, please make an appointment if any parishioner would like to review them.  The accounts have now been submitted for external audit to BDO.

 

Accounting Statements Financial Year Ending 31.03.16 (Taken from the BDO Audit Summary Sheet – Whole figures only)

 Balances bought forward                      £24,779

Annual Precept                                     £19,855

Total Other Receipts                             £  4,802

Staff Costs                                           £  8,843

All other payments                               £13,150

Balances Carried Forward                     £22,216

Total Fixed Assets                                £62,509

Total Borrowings                                 £40,219

 

Receipts: £24,656.63                           Payments: £27,220.16             Reserves:  £22,215.63

 Itemised spending from Parish Council Accounts Cash Book 2015-2016

Receipts

2015-2016

Precept

 £    19,855.00

Cemetery Fees

 £         550.00

Bank Interest

 £           11.71

Wayleaves

 £            12.48

VAT

 £         536.19

MSDC Street cleaning grant

 £          333.00

Allotments

 £         420.00

Broadband Project – SCC grant fund

 £      2,500.00

Uncleared Chq – written off from 14-15 accounts

 £        138.25

Donations received – Defibrillator

£         300.00

 

£    24,656.63

Payments

 

Clerk's salary

 £      6,990.84

Clerk's expenses

 £         676.81

Clerks holiday pay & back pay

 £      1,666.66

PAYE

 £         185.50

Training & Publications

 £           54.00

Street Cleaning

 £      1,117.45

Street Lighting electricity & maintenance

 £      1,203.26

Street Lighting PWLB loan repayments

 £      5,227.24

Room hire

 £        140.00

Insurance & Suffolk Acre Membership

 £        656.98

Data Protection Subscription - ICO

 £           35.00

Cemetery Maintenance

 £      1,612.50

SALC membership

 £         401.00

Audit

 £         565.00

Grass cutting

 £      1,618.96

Election

 £      1,062.96

Office Equipment – Replacement Laptop

 £         696.00

Defibrillator

 £         400.00

Allotments

 £         420.00

Village Broadband Project

 £       2,000.00

Village Maintenance

 £         480.00

Valuation of Chairmans Chain of Office for Assets Register

 £           10.00

 

 £    27,220.16