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INCOME

 

2016/17

2017/18

 

 

Precept

17500

17500

Allotment rents received

36

41

Cemetery fees

651

280

Note 1

Donations

0

0

Grants

0

5255

Note 2

Handbook sales

0

0

VAT refund

412

2000

Note 3

Miscellaneous

0

171

Total income for year (A)

18599

25247

EXPENDITURE

 

General administration

1901

1671

Note 4

Clerk’s pay and expenses

3621

3774

Capital expenditure

0

0

Open spaces

12907

5705

Note 5

Footpaths

0

0

Elections

0

0

Communications

0

0

Village Hall

959

6128

Note 6

Longparish Community Association

804

0

Note 7

Loan Repayment

2188

2188

VAT paid

2000

481

Note 8

Miscellaneous

0

0

Total expenditure for year (B)

24380

19947

Net operating income (A-B)

-5781

5300

Note 9

GENERAL FUND

 

Balance at beginning of year

34222

35813

Add

      Net operating income

-5781

5300

      Loan balance at end of previous year

13391

11427

Note 10

      Transfer from playground equipment fund

2346

0

      S106 Payment

3562

0

Less

      Transfer to playground equipment fund

500

2193

Note 11

      Loan

11427

9430

Note 12

     Debtors from previous year

0

3562

Balance at end of year

35813

37355

BALANCE SHEET AS AT 31 MARCH

 

 

 

 

 

CURRENT ASSETS

 

2016/17

2017/18

Bank balance

44832

50132

Debtors

3562

0

Total  (C)

48394

50132

CURRENT LIABILITIES

 

Creditors

0

0

Outstanding loan

11427

9430

Total (D)

11427

9430

NET ASSETS (C-D)

 

36967

40702

REPRESENTED BY

 

General Fund balance

35813

37355

Playground equipment fund balance

1154

3347

TOTAL RESERVES

 

36967

40702

Note 13


NOTES AND SUPPORTING STATEMENTS

  1. Cemetery Fees. Decreased usage in comparison with 2016/17.
  2. Grants. £3562 = S106 monies owed from 2016/17 & £1693 = ex-gratia payment from Hill & Valley magazine (to be added to Playground fund)
  3. VAT Refund. Refund of VAT for 2016/17 now included.
  4. General Administration. Lower costs in 2017/18.
  5. Open Spaces. Represents normal expenditure – higher costs on 2016/17 due to Playground refurbishment.
  6. Village Hall. £6,128 earmarked as Council’s final contribution to Village Hall Refurbishment Project returned to Village Hall Committee.
  7. Longparish Community Association. No request for funding this year.
  8. VAT Paid. Payment of VAT for 2017/18 now included.
  9. Net operating income. Grant monies received in year = £5255
  10. Loan Balance. Previous year’s loan balance added back to avoid double-counting.
  11. Playground Equipment Fund. £500 earmarked annually for major repair or replacement of playground equipment, and £1693 = ex-gratia payment from Hill & Valley magazine (to be added to Playground fund)
  12. Loan. Balance of PWLB loan at end of financial year.
  13. Basis of Accounts and Rounding. Figures are inclusive of VAT, which the Council is able to reclaim, and all figures in the accounts are shown to the nearest £1.

Assets

At 31 March 2018 the following land was held, at nil value:

Cemetery

Common land - former gravel pit, the Common, Southside Road

Common land - former sand pit at Larkwhistle, Nun's Walk

Common land - former chalk pit by Vale Farm, Nun's Walk

Bus shelter opposite the Plough

Bus shelter near the shop

Bus shelter at Forton

Playground Equipment (assessed replacement value at 31 Mar 2018)

Swings

2179

Slide

3839

Whirling platform

4480

Bouncy elephant

2114

Safety surfaces

21168

Skate ramp (including Matta safety surface)

28432

Youth shelter

4756

Wok roundabout

2107

Play Train

1870

Little Hamlets - Tottlebank

3762

Joined Logs and Inclined Twine

687

Safety Surface

279

Six-sided Super structure & metal feet

4066

Grass-guard tiles

2019

Total Value

81758

Other Assets (assessed replacement value at 31 Mar 2018)

3 bus shelters (Forton, Plough, Shop)

10911

Seats (Forton, church, cemetery, playground, North Acre)

3734

Seat Footpath 14

459

2 Picnic tables (playground)

2160

Ash Burn Rest

7593

Notice boards  (Forton, shop, cemetery, 3 bus shelters)

766

Cemetery and recreation ground fencing

6732

Stone cross near church by B3048

3328

War memorial in cemetery

5120

Grindstone near Ashburn Rest

360

Stocks outside church

739

Special photograph albums

365

Total Value

42267

Other assets (estimated replacement cost)

Horticultural tools (Parish Paths Partnership)

1,061

Filing cabinet

69

Total Value

1,130

Leases

During the year the following tenancies were held:

Council as landlord:  none

Council as tenant:

Landlord

Property

Annual rent

Repairing

Middleton Estate

Allotments

£36

No

Middleton Estate

Playground

Nil

Yes

Middleton Estate

Football field

£50

See agreement

Middleton Estate

Village Hall Car Park

Nil

Yes

Diocese

Village Hall

£1

Yes