Explanation of Variances 2021-22

Explanation of variances
Name of smaller authority: Sticklepath Parish Council
County area (local councils and parish meetings only): Devon County Council
Next, please provide full explanations, including numerical values, for the following that will be flagged in the green boxes where relevant:
• variances of more than 15% between totals for individual boxes (except variances of less than £200);
• New from 2020/21 onwards: variances of £100,000 or more require explanation regardless of the % variation year on year;
• a breakdown of approved reserves on the next tab if the total reserves (Box 7) figure is more than twice the annual precept/rates & levies value (Box 2).
2020/21 2021/22 Variance Variance Explanation Required?
£ £ £ %
1 Balances Brought Forward 10,867 6,893 Explanation of % variance from PY opening balance not required – Balance brought forward agrees
2 Precept or Rates and Levies 4,681 5,387 706 15.08% YES – Due to the lack of fundraising during the Coronavirus pandemic, more expenses needed to be met from the precept. In addition charges from West Devon Borough Council for bin emptying went up from £102 to £278.
3 Total Other Receipts 4,717 5,351 634 13.44% NO
4 Staff Costs 2,113 1,940 -173 8.19% NO
5 Loan Interest/ Capital Repayment 0 0 0 0.00% NO
6 All Other Payments 11,259 8,818 -2,441 21.68% YES – In 2020-21 there were extraordinary payments for a website redesign (£800) and a basket swing for the playing field (£3896)
7 Balances Carried Forward 6,893 6,873 NO
8 Total Cash and Short Term Investments 6,893 6,873 NO
9 Total Fixed Assets plus Other Long Term Investments and Assets 77,116 70,355 -6,761 8.77% NO
10 Total Borrowings 0 0 0 0.00% NO