Account notes 2016-17

Gorsley & Kilcot Parish Council – Receipts & Payments Summary – Year ended 31st March 2017

Balance b/f 01/04/16:                          8265.55

Income:                                               5395.05

                                                            13660.60

Expenditure:                                        6081.81

Balance C/F 30/03/2017:                    7578.79 of which

                                                                                    £1327.54 is earmarked for Election Expenses

                                                                                    £1109.94 is earmarked for Clerk’s Redundancy Fund

                                                                                    £1174.85 is earmarked for Clerk’s Gratuity Fund

                                                                                    £ 595.00 is earmarked for Community Projects

                                                                                    £ 288.54 is earmarked for Transparency Fund Expenditure

Represented by Co-operative bank balance of £7578.79

…………………………………….                                                       …………………………………..

Chairman                                                                                             Responsible Financial Officer

Gorsley & Kilcot Parish Council – Notes to the Accounts –Year Ended 31st March 2017

ASSETS:

At 31st March 2017 the following assets were held:                                                     Value

Bus Shelter                                                                                                                  1,400.00

Notice board x 3 plus Parish Map                                                                                1,170.00

Laptop, Printer and Memory Stick                                                                                  386.00

Picnic Tables and Benches x3                                                                                        779.00

Single Benches x2                                                                                                          202.00

Information Board on Kilcot Green                                                                             2,057.00

TOTAL                                                                                                                        £5994.00

The basis of valuation is cost value

Common Land transferred from Newent Town Council

            Kilcot Green                                                                Nominal Value £1

BORROWING

At the close of business on 31st March 2017, there were no loans to the Council outstanding.

MONIES DUE TO THE PARISH COUNCIL AT THE YEAR END (DEBTORS):

£500 Grant from Forest of Dean District Council

£293.14  -  VAT

MONIES OWING BY THE PARISH COUNCIL AT THE END OF THE YEAR (CREDITORS): Nil

SECTION 137 GRANTS & DONATIONS

The limit for spending under S137 of the Local Government Act 1972 for this council in the year of account was

£ 1728.66 (£ 7.42 per parishioner) and the payment made was £ 1417.97 as analysed in the accounts.

AGENCY WORK: Nil Return.

PENSION CONTRIBUTION: Nil Return.

CAPITAL RESERVES: Nil Return.

LEASES AND TENANCIES: Nil Return

CONTINGENT LIABILITIES: Nil Return.

Clerk to Parish Council

Margaret Highton
01531 820245
Mobile: 07581 312585
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Chairman

Nigel Warwick
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