RFO's Annual Financial Report - 1st April 2025 to 31st March 2026
Swaton Parish Council Responsible Financial Officer’s Report Financial Year 1 April 2025 to 31 March 2026
The Council commenced the year with a balance of £8366.
The Council received a total of £4932 during the year consisting of precept of £3050. Grass cutting and litter picking grants, bank interest, VAT reclaim and a donation of £400 from Vintage Day made up the balance of £1882.
The total expenditure for the year was £3955. This includes clerk’s salary, PAYE and expenses totalling £2257. Insurance costs, hut hire, subscriptions and replacement batteries for the village speed signs make up the majority of the balance. The total expenditure on the play area was £293.
At the end of the financial year 2025/26 there was £9343 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 remained at £85280.
The Council’s 2025/26 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 will be available to view on the Council website shortly (https://swaton.parish.lincolnshire.gov.uk).
More detailed accounts will be available to view on request from Wednesday 3rd June 2026 to Tuesday 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 £.