Longparish - Accounts & Notes 2017/18

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

Cemetery Fees. Decreased usage in comparison with 2016/17.
Grants. £3562 = S106 monies owed from 2016/17 & £1693 = ex-gratia payment from Hill & Valley magazine (to be added to Playground fund)
VAT Refund. Refund of VAT for 2016/17 now included.
General Administration. Lower costs in 2017/18.
Open Spaces. Represents normal expenditure – higher costs on 2016/17 due to Playground refurbishment.
Village Hall. £6,128 earmarked as Council’s final contribution to Village Hall Refurbishment Project returned to Village Hall Committee.
Longparish Community Association. No request for funding this year.
VAT Paid. Payment of VAT for 2017/18 now included.
Net operating income. Grant monies received in year = £5255
Loan Balance. Previous year’s loan balance added back to avoid double-counting.
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)
Loan. Balance of PWLB loan at end of financial year.
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: