P C Finance

This page will tell you about the Parish Council Finance 

Each year the Council sets a budget and it requests funding,  a 'precept',  from the District Council.  The precept is raised from the Council Tax applied to properties within the Parish.  The Council will also try to seek grants to fund some of its proposed plans. 
The Parish Clerk holds the role of Responsible Finance Officer and manages the accounts in line with Financial Regulations reporting to the Council at each meeting.

If you have any questions about the accounts please do contact the Clerk or Chairman
Changes This Year:   new regulations have introduced the option for smaller authorities with income and expenditure both less than £25,000 to consider if they meet the requirements to complete a Certificate of Exemption. This exempts such authorities from the Audit Review previously required and carried out by nationally appointed auditors and which was at no cost to very small authorities. The new regime requires such small authorities to either exempt themselves or bear the cost of an Audit Review. 

Notice of Period for the Exercise of Public Rights 

ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2018

Download the Notice 

The period for Exercise of Public Rights  is  11 June - 20 July 2018

The Notice 

  • explains that the Annual Governance and Accountability Return will not be reviewed by the nationally appointed Auditor since as a Smaller Authority the Parish Council was able to complete a Certificate of Exemption;

  • describes how any person interested may examine the Parish Council's  Annual Governance and Accountability Return (AGAR) and has the right to inspect the accounting records for 2017-18.   The notice provides the detail of this process; AND    

  • confirms the arrangements for any Local Elector to question the appointed Auditor about the accounting record  ~this must be done during the period for the exercise of such rights  - i.e  between  11 June -  20 July;

  • provides a summary of your rights on page 2 and 3 of the notice. 

The Certificate of Exemption can be download here:
Download

The Annual Internal Audit Report 2017-18 can be downloaded here:  
Download

The Governance Statement and the Accounting Statements for the Annual Governance  Accountability  Return 2017-18  can be downloaded here:  
Download         

The above Accounting Statements include summary data from the Parish Council's Accounts and compares the figures for the year 2017-18 with the previous year 2016-17.   Where the variance between the two figures for each year is greater than 15% then an explanation for the variance is required.  Also a bank reconciliation is  required to show the funds held by the Parish Council at 31 March 2018.
Download a copy of the bank reconciliation and analysis of variance here 


This next section provides further information about the 2016-17 accounts: 

At the annual meeting on 15 May 2017 the Parish Council considered the Financial Regulations, these had been fully reviewed and revised in 2016 - see the Finance 2016-17 Page.   It was agreed the regulations be approved for 2017-18.  

At its meeting on 14 November 2017
  The Parish Council received the Half Year Finance Report 2017/18.  Cllr Tim Goodhead reported that he had scrutinised the half yearly accounts. There were no variances to report. Both the reconciliation and corresponding bank statements have been initialled / signed as evidence of verification. 

The Clerk also presented a draft budget and suggested precept for 2018-19  for initial consideration by the Council.  After discussion Members thought that a 4 % increase in the precept would be appropriate.

At the meeting on 16 January 2018 the budget and precept for 2018-19 were reviewed and approved

At the Annual Meeting of the Council on 8 May 2018  Members of the Council examined  the Summary Accounts 2017-18   The Summary Accounts 2017-18 were approved.   The Council considered  the new audit arrangements for smaller Authorties, read and then approved that the Certificate of Exemption be signed and submitted to the appointed Auditor, PKF Littlejohn LLP.

Members examined the Annual Governance Statement and Accounting Statements.   Council then agreed that the formal approval of the statements be deferred until after the Parish Council's Internal Auditor had completed the Annual Internal Audit Report for 2017-18.  

At an extra meeting of the Parish Council on 7 June 2018,  the Council received the Annual Internal Audit Report for 2017-18. There were no issues raised.
The Council recorded its thanks to Felicity Bostock as the Council's Internal Auditor.
The Council went on to re-examine and then approve the Annual Governance and Accounting Statements for publication. 

You can look at the Summary Accounts 2017-18  here: 

Download

To look at the Accounts for 2016-17 go to the Finance 2016-17 PAGE
To look at the Accounts for 2015-16 go to the  Finance 2015-16 PAGE