Finance
Our financial year runs from 1 April to 31 March. We agree an annual budget in December each year and also decide how much the annual Precept* should be set at.
We submit our annual accounts in the form of an Annual Governance and Accountability Return (AGAR) to an external auditor.
*Parish Councils are empowered to raise money for their activities through a tax (the “Precept”) on the village residents which is collected on their behalf by the District Council, as an addition to the District and County Council Tax. This is then paid to the Parish Council in two equal instalments.
Key financial documents relating to the year ending 31 March 2023 can be found below:
Section 3 - External Auditors Report and Certificate 2022/23
Section 1 - Annual Governance Statement 2022/23
Section 2 - Accounting Statements 2022/23
Annual Internal Audit Report 2022/23
Year End Bank Reconciliation (31/03/23)
Explanation of Variances and Reserves
Key financial documents relating to the year ending 31 March 2022 can be found below:
Section 3 - External Auditors Report and Certificate 2021/22
Section 1 - Annual Governance Statement 2021/22
Section 2 - Accounting Statements 2021/22
Annual Internal Audit Report 2021/22
Year End Bank Reconciliation (31/03/22)
Explanation of Variances and Reserves
Key financial documents relating to the year ending 31 March 2021 can be found below:
Section 3 - External Auditors Report and Certificate 2020/21
Section 1 - Annual Governance Statement 2020/21
Section 2 - Accounting Statements 2020/21
Annual Internal Audit Report 2020/21
Year End Bank Reconciliation (31/03/21)
The Parish Council's agreed budget for 2020-21 – Full Budget 2020-21
Key financial documents relating to the year ending 31 March 2020 can be found below:
Section 3 - External Auditor Report and Certificate 2019/20
Section 1 - Annual Governance Statement 2019/20
Section 2 - Accounting Statements 2019/20
Internal Audit Report & Certificate 2019/20
Explanation of significant variances and Reserves
Key financial documents relating to the year ending 31 March 2019 can be found below:
Section 3 - External Auditor Report and Certificate 2018/19
Section 1 - Annual Governance Statement 2018/19
Section 2 - Accounting Statements 2018/19
Internal Audit Report & Certificate 2018/19
Explanation of significant variances and Reserves
Key financial documents relating to the year ending 31 March 2018 can be found below:
Conclusion of external audit notice
AGAR 2017-18 including External Auditor's report
Explanation of significant variances
Budget for 2018-19
Annual return documents relating to previous years can be obtained from the Clerk.
The Council Tax Precept
The precept is the parish council’s share of the council tax. The precept demand goes to the billing authority Broadland District Council, which collects the tax for the Parish Council. The 'Precept' is converted into an amount per Council Tax Band that is added onto the Council Tax bill. Income and expenditure for the next financial year are calculated in the form of estimates.
Parish and Town Councils can apply for other funding such as grant and funding awards, but they do not receive funds direct from central government as principal authorities do.