Parish Council
Downloadable PDF Version of Half Year Review 2023
|
HALF YEARLY FINANCIAL SUMMARY 2023/2024 |
||||||
| Start of Year Balances | Current Balances | |||||
| Bank A/C Total on | 01/04/2023 |
£8,901.14 |
Bank A/C Total on | 26/09/2023 |
£15,645.02 |
|
| + Outstanding on | 01/04/2023 |
£0.00 |
+ Outstanding on | 26/09/2023 |
£0.00 |
|
| + Petty Cash on | 01/04/2023 |
£0.00 |
+ Petty Cash on | 26/09/2023 |
£0.00 |
|
|
£8,901.14 |
£15,645.02 |
|||||
| Income and Expenditure | The Reserves | |||||
|
£7,964.51 |
General Reserve | |||||
| Carried Forward figure: |
8,901.14 |
£0.00 |
Petty Cash | |||
| plus any Income: |
9,782.33 |
EMRs: | ||||
| minus any Expenditure: |
£3,038.45 |
£4,889.94 |
Playing Field – General | |||
|
£15,645.02 |
£550.00 |
Playing Field – Wall | ||||
|
£1,059.36 |
Defibrillator | |||||
|
£463.02 |
Enhancement / Ladywell | |||||
|
£9.56 |
Walks Leaflets | |||||
|
£708.63 |
Hardship Fund | |||||
|
£15,645.02 |
||||||
For main accounts see PDF.
Fund raising for the Playing Field and Defibrillator Ear-Marked Reserves has been very successful, covering costs on the defibrillator (so far) and building a large surplus for spending on equipment for the playing field. Ear-marked reserves are not budgeted, assuming that all the money in it is for spending on a specific thing. Most funds have enough money in at the moment. When we set the 2024/25 budget next month we will need to consider whether there will be any Walks Leaflets printed as that fund is basically empty.
Last November when we created the budget, I estimated the VAT to be double that of the first half of the year. However, we did not spend as much money on claimable items in the second half of the year, so the VAT claim was less than expected.
A £200 grant was received from Cllr James McInnes just at the end of the previous financial year for the Coronation celebrations, but we have not claimed anything from either locality fund this year, although we expected to.
We are likely to be within budget.
The General Reserve does look healthy at the moment (having just received the precept), but there is nearly £4k of planned expenditure still to come out. (At 15/10/23 we have spent £1,500 of it).
Unexpected price increases from the Internal Auditor and DALC have put those categories over budget, but we have already negotiated a cheaper auditor for next year.
The LGA Pay Scales that determine my salary have not yet been agreed for this year, however the offer on the table at the moment is £1 on each hourly pay grade which would be an increase of about 8.6% which would need to be back-paid when they finally get an agreement with the unions. We only budgeted for about 7%. I have also kindly been paid some overtime. This means that my salary could be the biggest contributor to extra spending.
Sally Fullwood
Sticklepath Parish Clerk
clerk@sticklepath.org
Revised 15/10/23