Swaton Parish Council Responsible Financial Officer’s Financial Year report for 1st April 2024 to 31 March 2025
The Council commenced the year with a balance of £6,369.
The Council received a total of £18,061 during the year consisting of precept of £2750, grass cutting and litter picking grants £1167, bank interest £216, VAT reclaim £2186 and play area grant of £11,741.
A new village noticeboard was procured to replace the old wooden one which was in a state of disrepair. The new noticeboard is shared with the Swaton Community Trust. A new climbing wall was installed in the play area. These items were funded through a successful grant application.
The total expenditure for the year was £16,063. This includes clerk’s salary, PAYE and expenses totalling £2190. Insurance costs of £428 and subscriptions £190. Total expenditure on the play area was £10,887.
At the end of the financial year 2024/25 there was £8366 in the Council account. The Council is required to maintain a level of reserves sufficient to support any elections and to cover unforeseen circumstances.
The value of the Council assets rose from £72532 to £85280 during the year.
The Council’s 2024-25 turnover was less than £25,000 and under the regulations, the Council can certify itself as exempt from a limited assurance review under Section 9 of the Local audit (Smaller Authorities) Regulations 2015. Swaton Parish Council accounts have been audited by Diane Fairweather, the council’s internal auditor. The audited accounts are available to view on the Council website - https://swaton.parish.lincolnshire.gov.uk
More detailed accounts are available to view from Tuesday 3rd June 2025 to Monday 14th July 2025. Details of how to access these accounts are displayed on the Council noticeboard and on the Council website
All figures in this report are rounded to the nearest £.