Finance Report 2017 / 2018

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 14th June 2018 after having been reviewed by an independent internal auditor. They have been sent to the External Auditor, Mazars LLP.

Annual Accounts year ended 31st March 2018

Receipts
Precept £89,404.00
Open Spaces £214.26
Orchard £460.27
VAT Refund £5,788.20
Total £95,866.73

 

Payments
Administration including wages £26,891.61
Equipment £2,692.13
Recreation facilities £20,561.72
Orchards £6,377.80
Legal fees £10,220.00
Grants £8,984.52
Christmas Lights £2,440.00
Neighbourhood Plan / Parish Plan £50.00
VAT £10,376.59
Total £88,594.37

Below is a summary of the budget for 2018/19 including what has been brought forward.

Receipts and Payment summary
Balance at start of the year £203,754.80
Total Receipts £95,866.73
Total Payments £88,594.37
Balance to carry forward £211,027.16

 

The following grants were awarded during 2017/18

Organisation Description Amount
Fairfield Bowls Club Aerator £2,375.00
Fairfield Community Church Community garden £2,000.00
Fairfield Scouts Community Hall Rent £1,632.50
Fairfield Bowls Club Path £1,557.02
Fairfield Youth Club Community Hall Rent £1,000.00
Fairfield Lower School PTA Sponoring an inflatable for the Fairfield Fun and Run £420.00
Total £8,984.52

 

Below is a summary of the budget for 2018/19 including what has been brought forward

Budget 2017/18 bf Budget 2018/19 Total
Administration £3,124.15 £27,000.00 £30,124.15
Recreation & Public Lands inc Artefacts £32,610.69 £41,228.00 £73,838.69
Orchards £24,099.33 £5,000 £29,099.33
Apple Day £509.48 £300.00 £809.48
PP / NHP £25,653.02 £ — £25,653.02
Cemetery £20,000.00 £10,000.00 £30,000.00
Parking £65,902.50 £10,000.00 £75,902.50
Grants £13,866.11 £ — £13,866.11
Reserves £30,000.00 £ — £30,000.00
Interest £855.75 £ — £855.75
Vat -£5,593.87 £ — -£ 5,593.87
Total £211,027.16 £93,528.00 £304,555.16

 

Katrina Henshaw
Responsible Financial Officer
25th June 2018