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									HONITON TOWN COUNCIL
Statement of Income and Expenditure for year ending 31 March 2009



                                                 2007/8        2008/9
                                                   £p            £p                 £p
INCOME
Precept                                           97590.00     100000.00
Agency fee per EDDC                                2442.00       2503.00
P3 re DCC                                             0.00        122.20
Street Market Income                                  0.00       6686.25
Bank Interest                                      5796.88       3412.23
Donations                                             0.00       5385.75
Refunds                                               0.00        205.33
Grants                                             9100.00       6965.61
Insurance Claims                                    811.45       2000.00
HM Revenue and Customs                              150.00          0.00
Miscellaneous                                        29.13         11.11
TOTAL INCOME                                     115919.46                         127291.48

EXPENDITURE
Council Expenses                                  10143.04           5998.39
Subscriptions                                      1313.00           1171.00
Environment and Tourism                           14751.49          18589.96
Grants                                             4850.00             6050
Ongoing Grants                                    13206.39           3904.56
Administration                                    10653.25          11870.81
Premises                                           6875.54           5997.50
Staffing Costs                                    37258.47          37001.58
Gratuity in Lieu of Pension                        2626.00              0.00
Non Precepted Expenditure from Income Received        0.00          16404.55
Expenditure from Reserves                          2039.00          34782.66
Capital Schemes                                       0.00              0.00
Provision for Doubtful Debts                          0.00              0.00

TOTAL EXPENDITURE                                103716.18                         141771.01

Net Income/Expenditure                            12203.28                          -14479.53




                                                                               Page 1
HONITON TOWN COUNCIL
Income and expenditure for year ending 31 March 2009

                                                            £p         £p
                    INCOME
Precept                                                   100000.00
EDDC re Information Desk                                    2503.00
Interest                                                    3412.23
Miscellaneous Income                                          10.20
Donation re CCTv - Town Watch                               5000.00
DCC re P3                                                    122.20
Donation re Charter Day - Swaggers                            55.00
Donation re Charter Day - Chamber                            100.00
Refund from Scottish Power                                    74.92
Refund from Ricoh                                            130.41
Market Income                                               6686.25
East Devon AONB re R Wood                                   6965.61
Donations for Use of Hall                                     85.00
Insurance Claims                                            2000.00
Donation re The Glen - Nuheat                                145.75
Warden surplus on expenses                                     0.91
                                                                      127291.48
                  PAYMENTS
PRECEPTED
COUNCIL EXPENSES
Mayor's allowance                                            983.00
Civic Fund                                                  1048.35
Macebearer's allowance                                       250.00
Cllrs' exps                                                   65.35
Bank s/custody fee                                            70.00
Election expenses                                              0.00
Town Meeting exps                                            264.09
Members Allowance                                           3169.60
Councillor training                                          148.00
                                                                        5998.39
SUBSCRIPTIONS                                                           1171.00

ENVIRONMENT & TOURISM
Floral planters                                             4560.57
Town clock                                                   215.00
Twinning gift                                                 40.00
Twinning visit                                               475.41
Christmas Town Centre decorations                           9567.35
Bus shelter maintenance                                      500.00
The Glen                                                    1233.30
Planters                                                     200.00
Roundball Wood maintenance                                  1500.00
Seats refurbishment                                           29.00
Footpaths                                                    154.33
Dowell St corner                                             115.00    18589.96

GRANTS
Grants to Local Organisations                               2400.00
Grants S137                                                 3650.00     6050.00

ONGOING GRANTS
Twinning Association                                         500.00
Millennium Green                                            2000.00
Charter Day                                                 1004.56
Youth support                                                400.00     3904.56
                                                       c/f             35713.91
                                                       Page 2
HONITON TOWN COUNCIL Income & Expenditure (continued…)

ADMINISTRATION                                  b/f                           35713.91
Telephone (incl 2 x broadband)                            1211.96
Postage                                                   1024.05
Stationery                                                1037.32
Printing/Photocopying                                      666.90
Audit                                                      825.00
Insurance                                                 3918.47
Computer upgrade/mntnce                                    623.63
Marketing/Newsletter                                      1950.00
Website                                                    453.50
Miscellaneous                                              159.98             11870.81

PREMISES
Electricity                                                815.60
Heating                                                   1438.67
Rent                                                      2333.00
Water/sewage                                               349.48
Maintenance                                                688.13
Fire inspection                                             57.75
Refuse collection                                            0.00
Rates                                                      314.87              5997.50

STAFFING
Salaries                                                 26562.70
HMRC                                                      9293.35
Travel expenses (Clerk)                                    468.53
Staff training                                             677.00
Gratuities current year's provision                          0.00             37001.58

NON PRECEPTED FROM INCOME RECEIVED
Street Market Costs                                        755.35
Insurance Claims                                          2000.00
Roundball Wood (AONB)                                     6965.61
CCTv                                                      4000.00
Charter Day                                                155.00
Radar Keys                                                  10.20
Street Market staff                                       2518.39             16404.55

FROM RESERVES
Earmarked
Community Use General                                      100.00
CCTv                                                      8186.96
Allotments                                                 471.03
TIC                                                      10000.00
Youth Event                                                658.21
Community Complex                                           94.71
Staff Gratuities                                             0.00
Glen Restoration (Lottery & EDDC )                        9250.00
Roundball Wood                                            5519.25
Election Expenses                                            0.00
Dog Bin Costs                                              502.50
General Reserves                                             0.00             34782.66


TOTAL PAYMENTS                                                               141771.01



                                                                    Page 3
HONITON TOWN COUNCIL
Statement of Assets and Liabilities to 31 March 2009

                                              2007/8         2008/9
                                                £p             £p                    £p
LONG TERM ASSETS

Long term investments                                  Nil            Nil
Long term debts                                        Nil            Nil

CURRENT ASSETS

Stocks                                                Nil
Debtors                                          3080.11        5555.67
VAT Recoverable                                       Nil        337.30
Payments in Advance                                   Nil        555.43
Cash at Bank                                   148329.04      131259.02

TOTAL ASSETS                                   151409.15                                  137707.42

CURRENT LIABILITIES

Creditors                                         -122.20
Payment in advance                                               -900.00

NET ASSETS                                     151286.95                                  136807.42

Represented by :

General Reserve at 1 April                      42198.10       46537.38
plus net income for year (-net expenditure)      4339.28        4097.14

Sub Total                                       46537.38                                   50634.52

Earmarked Reserves at 1 April                   96885.57      104749.57
plus net income for year (-net expenditure)      7864.00      -18576.67

Sub Total                                      104749.57                                   86172.90

TOTAL RESERVES                                 151286.95                                  136807.42




                                                                            Page 4
HONITON TOWN COUNCIL
Supporting Statement for the Year ending 31 March 2009

1. ASSETS
Net assets total £133783 as follows:
      a)        The title deeds and documents relating to the land adjoining no 1 Dowell Street and
                being the open area between the pavement and the wall adjacent to the traffic lights
                which the Town Council purchased on 10 December 1987 without consideration.
      b)        The title deeds and documents relating to the strip of land being the footpath adjacent to
                the St Michael's Centre known as footpath 4A. Purchased on 15 April 1981 without
                consideration.
      c)        Various items of civic regalia, furniture and effects, the replacement value of which
                totals £33953 and is the amount covered by insurance.
      d)        The Town Clock at St Paul's church (insured for £25106).
      e)        Twelve public seats with a replacemnt value of £2905.
      f)        Four notice boards £416.
      g)        War Memorial with a replacement value of £12126.
      h)        Millstone insured for £1050.
      i)        Office equipment - various items £14905
      j)        Collection of flags and flagpoles £2000
      k)        Sculpture cast in resin bronze £6430
      l)        Antique chair £737
     m)         Six kissing gates insured for £1580.
      n)        Staircase at Roundball Wood £ 792.
      o)        Five bar gate replacement value £318.
      p)        Six bus shelters with a replacement value of £20200.
      q)        CCTv equipment insured for £10100.
      r)        Licence to hold a street market in Honiton (transferred from East Devon District
                Council with effect from 1 January 2009)
      s)        Three dog bins value £165.
      t)        Various maintenance tools and monitoring equipment purchased 2008/09 for £990.

2. LEASE
A lease dated 14 February 2001 of premises situated at New Street, Honiton, known as the Council
Offices, granted by East Devon District Council to Honiton Town Council for a term of 25 years from
1 April 2001 for which the Town Council paid £2333 in the financial year 2008/9.

3. TRANSFER OF ASSETS
The right to run a street market in Honiton was transferred to Honiton Town Council by East
Devon District Council effective 1 January 2009. This was at nil cost to the Town Council and all
receipts and expenditure relating to Honiton Street Market transferred to the Town Council on
that date.

4. DEBTS DUE TO THE COUNCIL
Prepayments
Total prepayments                                   £ 555.43

Other Debtors
Bank Interest                                       £ 153.74
(deposit account to 31 March 09)
VAT                                                 £ 5,193.18
Market Income 31/3/09                               £ 208.75

Total Debtors                                       £ 6,111.10

5. LIABILITIES
Payments received in advance                       -£ 900.00

Total Liabilities                                  -£ 900.00

                                                                                     Page 5
6. GRANTS
During the year the Town Council benefitted from the following grants:
Lottery Breathing Spaces                           £ 9,100.00        The Glen
AONB East Devon Sustainability Funding             £ 6,965.00        Roundball Wood

7. S137 PAYMENTS
Section 137 of the Local Government Act enables Parish Councils to spend up to a value
of £5.86 per elector in the relevant year; as at 1 April, for the benefit of the people in their area on
activities and projects not specifically authorised by other legislation.

The limit for Honiton was in excess of £50,000 and the payments totalled £7416.55 as follows:

Street market costs                                     £3,273.74
Annual grants                                           £3,650.00
Costs re land purchase                                   £492.81

8. BANKING
The Town Council carried out a full review of its banking under the terms of its Financial Regulations.
As a result of this review £100000 was transferred to a Fixed Term Deposit with Lloyds Bank on
27 February 2009 for a three month period at an interest rate of 1.85%. The Council will continue
to review this arrangement quarterly.

9. EARMARKED RESERVES

       £/p                                                                      £/p       £/p        £/p
                                                                                      Transferred Balance
   31.03.08                                                               Expenditure     to       31.3.09
                                                                            2008/09   Earmarked Earmarked
                                                                                       Reserves   Reserves

        6717.00              Community Facilities General                       100.00         139.29       6895.58
       10000.00              CCTv                                              8186.96        2000.00       3813.04
       10000.00              Allotments                                         471.03           0.00       9528.97
       10000.00              Tourist Information Centre                       10000.00           0.00          0.00
         750.00              Youth Event                                        658.21           0.00          0.00
       16500.00              Community Complex                                   94.71           0.00      16405.29
       34000.00              Community Complex grant from EDDC                    0.00           0.00      34000.00
         482.57              Staff Gratuities                                     0.00        1700.00       2182.57
        9250.00              Glen Restoration (Lottery funding)                9250.00           0.00          0.00
        6500.00              Roundball Wood                                    5519.25           0.00        980.75
           0.00              Election Expenses                                    0.00         750.00        750.00
           0.00              The Glen                                             0.00        1266.70       1266.70
         550.00              Dog Bin Costs                                      502.50           0.00          0.00
           0.00              Footpaths                                            0.00         350.00        350.00
           0.00              Building Maintenance                                 0.00       10000.00      10000.00

    104749.57                                                                 34782.66       16205.99      86172.90


Approved by the Chairman of Honiton Town Council


Signed            ……………………………

Name              ……………………………

Date              ……………………………

                                                                                         Page 6

								
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