Responsible Financial Officer’s Report - 1st April 2023 to 31st March 2024
RFO's Financial Report 2023 to 2024
The Council commenced the year with funds of £5743.
The Council received a total of £4844 in income during the year. This included, £2.5k precept, £570 grass cutting and litter picking grants, a VAT reclaim of £80 and £95 in bank interest. Donations totalling £1k were gratefully received from the Vintage Day and Hut Committees, both for the playpark and for the purchase of a second defibrillator for the village.
The total expenditure for the year was £4218. This included the Clerk’s salary and PAYE totalled £2015, Clerk’s expenses were £138. Insurance £538, litter picking £45 and LALC annual subscription and training £227. Play park rent and other expenses £217. Defibrillator £750.
Following the purchase of a second defibrillator, the value of all the assets the Council owns rose from £71032 to £72532 during the year.
At the close of the financial year 2023/24 there was £6369 in the Council account. We are required to maintain a level of reserves sufficient to support any elections and to cover unforeseen circumstances during the financial year. This was estimated at £4.3k for 2023/4.
As the Council’s 2023/24 turnover was less than £25000, regulations mean that we can certify ourselves as exempt from a limited assurance review under Section 9 of the Local Audit (Smaller Authorities) Regulations 2015. Swaton Parish Council accounts have been independently audited by Di Fairweather, our Internal Auditor.
Please note that the audited accounts will be available to view on the Council website https://swaton.parish.lincolnshire.gov.uk shortly.
The accounts will be available to view upon request from Monday 5 June 2024 to Friday 14 July 2024. Details of how to access these will be displayed on the Council noticeboard and on the website (as above).
All figures in this report are rounded to the nearest £.
Cllr Mrs Judy Patrick
Responsible Finance Officer, Swaton Parish Council