2014/15 Accounts and Financial Statements

The accounts of the Town Council are submitted to the external auditor in the form of the Annual Return and include

1 Statement of accounts

2 Governance statement – a statement about the preparation of the accounts and the maintenance of financial records

3 A report on variances between 2013/2014 and 2014/2015.

Council RESOLVED that the Accounts for 2014/2015 be approved and that the Annual Return for 2014/2015 be approved and submitted to the External Auditor at its meeting on 15 June 2015.

Report to Council 2014-15 Accounts

Annual Return and External Auditor’s Report

Annual Return for Financial Year ending 31 March 2015

Notice of Conclusion of Audit Notice of Conclusion of Audit

Income & Expenditure Account for the year ended 31 March 2015
Precept 444,740
Operating Income
Civic Hall 340,580
Brookfield Hall 9,220
Events 4,764
Markets 136,964
Allotments 7,120
Other Income 127,323
Total Income 1,070,711
Running costs
Staff costs – Brookfield 78,406
Administration – General 44,838
Subscriptions 1,696
Town Centre Management 7,054
Grants 40,208
Brookfield Hall 22,944
Environmental Expenditure 26,677
Civic & Elections Expenditure 5,876
Events 70,422
Special Capital Projects 86,162
Civic Hall 444,934
Markets 142,625
Public Toilets 49,399
Allotments 6,693
Planters Tubs 9,291
Services set up costs 300
Other expenditure 109,039
Total Expenditure 1,146,564
General Fund Analysis
Opening Balance 308,616
Plus: Income for year 1,070,711
1,379,327
Less: Expenditure for year 1,146,564
232,763
Transfers To / From Reserves -10,299
Closing Balance 243,062

Ian Hope – Town Clerk.

Balance Sheet at 31 March 2015
Current Assets
Debtors 6,188
VAT Refunds 26,712
Prepayments and Accrued Income 30,260
Bar Stock 14,833
Current account – RBS -9,686
Direct Reserve Account RBS 115,828
NTC Trading Account 105,870
Close Brothers Time Deposit 254,262
Skipton Building Society 85,000
Petty Cash 150
Civic Hall float 2,000
Total Assets 631,417
Current Liabilities
Creditors 12,294
Accruals 19,964
Receipts in advance / Holding Deposits 4,199
Civic Hall Float -2,628
Marketing advertising creditor 2209
Total Current Liabilities 36,038
Total Assets less Current Liabilities 595,379
Represented by
General Revenue Fund -406,949
Revenue Reserve 202,301
Holding Reserve 0
Capital Receipts Reserve 800,029
595,381

Ian Hope – Town Clerk.

Town Council Precept 2014/15

The precept is the town council’s share of the council tax.   The precept demand goes to the billing authority, Cheshire East, which collects the tax for the Town Council.  The ‘Precept’ is converted into an amount per Council Tax Band that is added onto the Council Tax bill.    The Council has ensured that there will not be an increase in the amount added to the Council Tax to fund its activities in 2014/15.   The precept for 2014/15 was £444,740.