Financial Report 2015-6

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 9th June 2016 after having been reviewed by an independent internal auditor. They will be sent to the External Auditor, BDO LLP Chartered Accountants by 27th June 2016.

Annual Accounts year ended March 31st 2016

 

Receipts
Precept £88,940.00
Open Spaces £35,300.00
Orchard £3,545.87
Bank Interest £406.61
VAT Refund £3,297.49
Total £131,489.97
Payments
Administration including wages £14,703.51
Recreation facilities £12,217.20
Orchards £8,485.37
Legal fees £8,950.00
Grants £7,625.21
Christmas Lights £4,670.00
Parish Plan £3,430.00
VAT £5,948.04
Total £66,029.33
Receipts and Payment summary
Balance at start of the year £111,015.13
Total Receipts £131,489.97
Total Payments £66,029.33
Balance to carry forward £176,475.77

 

The following grants were awarded during 2015/6

 

Organisation Description Amount
Bowls Club Footpath £2,569.71
Red Bear Community Hall Rent £1,920.00
Fairfield Scouts Community Hall Rent £1,965.50
Cricket Club Tree surgery £840.00
Bowls Club Tree surgery £330.00
Total £7,625.21

 

Below is a summary of the budget for 2016/17 including what has been brought forward.

 

bf 2015/16 Budget 2016/17 Total
Administration £10,917.89 £5,000.00 £15,917.89
Recreation and Public Lands £90,114.34 £20,000.00 £110,114.34
Orchards £10,000.00 £10,000.00
Apple Day £500.00 £500.00
Parish Plan £27,766.75 £1,440.00 £29,206.75
Cemetery £10,000.00 £10,000.00
Parking £15,000.00 £35,000.00 £50,000.00
Grants £7,850.63 £7,000.00 £14,850.63
Reserves £30,000.00 £30,000.00
Interest £774.20 £774.20
Vat (£5,948.04) (£5,948.04)
Total £176,475.77 £88,940.00 £265,415.77