Finances 2010/11

This is how the Parish Council spent your money during the year 2010/11. The figures are taken from the unaudited accounts presented at the Annual Parish Meeting in May 2011. Individual items have been grouped to give a better sense of the areas of income and expenditure. If you have any questions relating to these figures or would like to make a comment please use the contact us page and get in touch.

The Parish Council must set a precept in December in time for the District Council to prepare council tax bills for the following year. A budget is also set during the same time, this shows how and what the Parish Council intends to spend during the next year.

Receipts

This is a breakdown of the money received by the Parish Council during the year. Some of this income may be part of an activity that also incurs cost. For example, the income from sports and recreation is mainly the contribution made by the Sports Club towards water and electricity as part of their lease agreement and the Parish Council will have paid the full bill.

As we are a local authority we do not pay VAT therefore you will see that VAT appears in both the receipts and payments sections, showing how we have paid and then recovered the cost.

Payments

This is how we spent the money we received during the year and, again, the individual items have been grouped in similar headings to give a better sense of what we spent the money on.

Reserves

We are holding the following reserves. Some are for specific purposes and some are held as part of good financial practice.