Explanation of Variances 2024-25

Downloadable PDF of Explanation of Variances 2024-25

Name of smaller authority:

Sticklepath Parish Council

County Devon
2023/24 2024/25 Variance Variance Explanation Required?
£ £ £ %  
1 Balances Brought Forward

8,901

10,776

Explanation of % variance from PY opening balance not required – Balance brought forward agrees
2 Precept or Rates and Levies

6,088

7,033 945

15.52%

YES – The Village Hall started to charge the Council for use, £100 budget. It was agreed to fund overtime for the Clerk up to £250, to put money aside for expenses for a housing trust £100 (not actually used), it was agreed to fund FILCA for the Clerk £72 (later delayed), the MVAS speed sign needed repairs under a new maintenance contract in 23/24 so provision was made for a future maintenance contract (not actually used).
3 Total Other Receipts 4,380 3,684 -696 15.89% YES – The VAT reclaim in 23/24 was £640 compared to £335 in 24/25 as Gazebos and commemorative mugs had been purchased in 22/23. More donations had been made for the collapsed wall in 23/24 £500 compared to £200 in 24/25. Donations for the playing field equipment were also £75 higher in 23/24 than 24/25.
4 Staff Costs 2,646 2,959 313 11.83% NO
5 Loan Interest/Capital Repayment 0 0 0 0.00% NO
6 All Other Payments 5,947 4,587 -1,360 22.87% YES – The 23/24 payments were inflated by the playing field wall repairs costing £1,740, and the MVAS maintenance plan costing £436
7 Balances Carried Forward 10,776 13,947
8 Total Cash and Short Term Investments 10,776 13,947
9 Total Fixed Assets plus Other Long Term Investments and Assets 72,995 76,126 3,131 4.29% NO
10 Total Borrowings 0 0 0 0.00% NO