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
Notes / 2010£ / 2009
£
Income
Annual Precept / 75,002 / 0
75,002 / 0
Less Expenditure
Staff Costs
Clerk’s gross salary / 3,061 / 0
Employers National Insurance / 87 / 0
Employer’s Pension / [3] / 689 / 0
CAN - Temporary Clerk / 1,505 / 0
Payroll Administration / 4 / 0
Office Set Up Costs
Office Refurbishment / 817 / 0
IT Equipment / [4] / 743 / 0
Furniture & Equipment / [4] / 2,216 / 0
Advertising / 1,111 / 0
Office Running Costs
Office Rent / 1,050 / 0
Room Hire / 99 / 0
Cleaning / 43 / 0
Telecoms / 200 / 0
Photocopying / 55 / 0
Postage / 39 / 0
Printing & stationery / 166 / 0
Refreshments / 8 / 0
Administrative
Insurance / 263 / 0
Audit Fees / 575 / 0
Elections & Public Notices / 5,653 / 0
Training / 15 / 0
NALC - Subscriptions / 252 / 0
Other expenditure
Publicity / 300 / 0
Civic Expenses / 250 / 0
Xmas Events / 100 / 0
Grants & Donations / 50 / 0
Total Expenditure / 19,351 / 0
Net Income for the Year / 55,651 / 0
East Bedlington Parish Council
Balance Sheet as at 31st March 2010
Note / 2010£ / 2009
£
Current Assets
Sundry Debtors & Payments Advance / [5] / 402 / 0
Recoverable VAT / 586 / 0
Cash @ Bank / 55,978 / 0
56,966 / 0
Current Liabilities
Creditors & Accruals / [6] / 1,315 / 0
Net Assets / 55,651 / 0
Represented By:
General Fund / 55,651 / 0
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
- 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