Annual Report Finance 2016-2017

Fairfield Parish Council employs the Parish Clerk as its Responsible Financial Officer. The budget was set by Councillors in December for the following financial year and it is at this time that Councillors consider financing future and ongoing projects. The annual accounts were agreed at the parish council meeting held on 20th April 2017 after having been reviewed by an independent internal auditor. They will be sent to the External Auditor, BDO LLP Chartered Accountants by 19th June 2017.

Receipts
Precept £88,940.00
Open Spaces £488.67
Recreation £1,000.00
Orchard £3,451.06
Bank Interest £81.55
Admin refund £2.00
VAT Refund £12,718.40
Total £106,681.68
Payments
Administration including wages £12,022.00
Recreation facilities £16,437.27
Orchards £12,009.72
Legal fees £15,225.23
Grants £9,797.50
Christmas Lights £2,533.86
Neighbourhood Plan / Parish Plan £3,503.73
Parking £97.50
VAT £7,775.84
Total £79,402.65
Receipts and Payment summary
Balance at start of the year £176,475.77
Total Receipts £106,681.68
Total Payments £79,402.65
Balance to carry forward £203,754.80

The following grants were awarded during 2016/17

Organisation Description Amount
Bowls Club Lawnmower £5,575.00
Fairfield Community Church Community project and enhance an area of scrub land £3,000.00
Fairfield Scouts Community Hall Rent £1,222.50
Total £9,797.50

Below is a summary of the budget for 2017/18 including what has been brought forward

Budget 2016/17 bf Budget 2017/18 Additional Income Money allocated
Administration £3,897.89 £20,000.00 £ — £23,897.89
Recreation & Public Lands inc Artefacts £56,609.15 £17,904.00 £ — £74,513.15
Orchards £11,591.30 £18,000.00 £ — £29,591.30
Apple Day £350.04 £500.00 £ — £850.04
PP / NHP £25,703.02 £ — £ — £25,703.02
Cemetery £10,000.00 £10,000.00 £ — £20,000.00
Parking £49,902.50 £16,000.00 £ — £65,902.50
Grants £15,850.63 £7,000.00 £ — £22,850.63
Reserves £30,000.00 £ — £ — £30,000.00
Interest £855.75 £ — £ — £855.75
Vat -£1,005.48 £ — £1,005.48 £ —
Total £203,754.80 £89,404.00 £1,005.48 £294,164.28

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