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 2021 can be found below:

Conclusion of Audit

Section 3 - External Auditors Report and Certificate 2020/21

Exercise of Electors Rights

Summary of Electors Rights

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)

Explanation of Variances

Budget for 2021/22

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:

Conclusion of Audit 

Section 3 - External Auditor Report and Certificate 2019/20

Exercise of electors' rights

Summary of electors' rights

Section 1 - Annual Governance Statement 2019/20

Section 2 - Accounting Statements 2019/20

Internal Audit Report & Certificate 2019/20

Year-end Bank Reconciliation

Explanation of significant variances and Reserves

Key financial documents relating to the year ending 31 March 2019 can be found below:

Conclusion of Audit 

Section 3 - External Auditor Report and Certificate 2018/19

Exercise of electors' rights

Summary of electors' rights

Section 1 - Annual Governance Statement 2018/19

Section 2 - Accounting Statements 2018/19

Internal Audit Report & Certificate 2018/19

Year-end Bank Reconciliation

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

Exercise of electors' rights

Summary of electors' rights

AGAR 2017-18 including External Auditor's report


Year-end bank reconciliation


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.