East Bedlington Parish Council

EAST BEDLINGTON PARISH COUNCIL

Accounts for the year ended

31st March 2010

EAST BEDLINGTON PARISH COUNCIL

Explanatory Foreword to the Accounts for the year ended

31st March 2010

The Council’s accounts have been prepared in compliance with the Format prescribed by the Accounts & Audit Regulations. The Accounts have been prepared on an accruals basis and include a balance sheet and supporting notes. The Council falls within the audit Commissions “Light Touch” audit regime and as so the external audit opinion will be providedon the Annual Return. The Audit opinion will be provided and advertised in due course.

The Accounts comprise of the following;

• Income & Expenditure Account – recording financial transactions during the year.

• Balance Sheet – summarising the Council’s financial position at the year end.

• Notes to the Accounts – providing explanatory detail and more information on the accounts
  East Bedlington Parish Council

Income & Expenditure Account for Year Ended 31 March 2010

East Bedlington Parish Council

Balance Sheet as at 31st March 2010

The above Statement represents fairly the financial position of the Authority as at 31st March 2010 and reflects its Income & Expenditure for the year then ended.

Approved at the Annual General Meeting of the Parish Council held on 4th May 2010.

Mr R J Thornton

Responsible Financial Officer

Council Chairman.

EAST BEDLINGTON PARISH COUNCIL

Notes to the Accounts for the Year Ended 31st March 2010

1. Accounting Policies

These accounts have been prepared following the guidance issued by CIPFA to enable local councils to meet the requirements of the Accounts & Audit Regulations. The following are the principal accounting policies that have been applied consistently to items which are material in relation to these accounts.

[a]Basis of preparation

These accounts have been prepared on an accruals basis and therefore include income receivable and accounts payable at the year end.

[b]Value Added Tax

Income and Expenditure are stated exclusive of VAT.

2Community Support

The Council is entitled under Section 137 of the Local Government Act 1972(as amended) to spend up to £6.15 per head of the electorate in any one year for the benefit of the people in its area on activities or projects not specifically authorised by other powers. The total amount available for this purpose in 2009/10 was £40,485 and a total of £134 was spent.

Donation to the Great North Air Ambulance.£50

Wreaths £76

Refreshments £8

3Pensions

The Council has agreed to contribute 22.5% towards an approved pension scheme.

4Fixed Assets

Fixed assets are charged directly to revenue and therefore do not appear on the Balance sheet. Fixed assets are recorded in an asset register and their total is recorded in box 9 on the Audit Commissions Annual return.

The total fixed assets recorded in the Asset Register is £2,959

This is represented by:IT Equipment £743

Furniture & equipment£2,216

5Sundry Debtors & Payments in Advance

NorthumberlandCounty Council Precept in Arrears £2

Small Grants – paid out of 2010/11 Budget allocation£400

6Creditors & Accrued Charges

Sundry Creditors £51

Accruals:

Internal Audit Fee£125

External Audit fee£450

Pension£689