Snape with Thorp Parish Council

Financial position as at 15 November against budget for 21/22

Income is estimated to be:

£11195.10 compared with budgeted amount of £9292 which is £1902.65 higher than budget.  This is accounted for by a bequest from Mr Linton Gaunt of £1k, which was a generous gift to the Council, and contributions from 5 groups for the website (£225) plus a slightly higher contribution from the Show Committee (£80) for the insurance cover of the Show and higher VAT repayments.

Expenditure is estimated to be:

£9477.54 compared with budgeted amount of £9292 which is £188.50 higher than budget.  .

Note: estimates takes into consideration a payment of £25 already made but which has not cleared the bank plus projected costs to the end of the financial year.  Assumptions are shown in the Comment column on the attached table.

The actual and estimated receipts and payments are detailed overleaf.

Budget for 2022/23

Is based on the following:

• INCOME
  • No grants or donations
  • Payment by NYCC for urban grass cutting of £310 although this has not been confirmed as yet
  • £80 contribution from Snape Show to cover insurance costs for the Show
  • No contribution from the Groups for the website

• EXPENDITURE
  • Grass cutting is retained as budgeted last year to await the outcome of discussion under item 14 on the agenda
  • Salary is projected at the same level as last year’s budgeted amount.  Spend in 21/22 came in higher than anticipated as significant time was taken by the Clerk to transfer Council information into the new website.
  • Expenses – have come in lower than budged so the budget for 22/23 is reduced.
  • No audit payment is expected as income and expenditure are predicted to be below £15k.
  • Donations to be held at the same budgeted level.
  • Increase in insurance to take account of normal uplifts.  However, it is intended to review the insurance cover to get best value for money as the current arrangement has been in place for several years.
  • Allocations/reserves as per last year for the Avenue, Playing Field (although there is currently funding in reserve of around £1k for the playing field) and defibrillator.  The defibrillator pads will need replacing in September 22.  These were £76 in 20/21 so £100 should cover the replacement cost.
  • Similar costs for YLCA membership, registration with the Information Commission and playground H&S check
  • “Other category” would pick up the cost of room hire or any other incidental expenses eg seat and pump repairs etc.  I have split off the website costs – WJPS have advised on the level of on-going costs which are lower than the previous invoice which included development costs.
  • “Other category” would cover project cost – I have only included a reserve of £1k towards the cost of renewing the avenue fence (estimated at £3000.00) and Council’s contribution (£1000.00) for speed activation equipment should the bid to HDC’s Making a Difference fund be successful.
  • “Extraordinary expenses” – this would include an allowance for unplanned expenses – a small amount of £500 has been included.
  • No allowance has been made for
    • a tree survey in 2022/23 estimated to be around £1k; 
    • for higher grasscutting/village maintenance costs;
    • costs towards the Queen’s Platinum Jubilee events.

On the basis of the statement overleaf the precept would be set at £8529 to simply balance the income against expenditure in year.  The Council may wish to consider other projects for 2022/23 which could affect the budget and thus the precept.

Sarah Lowe

Clerk

2020/21		Budgeted for 21/22	Current position 15/11/21	Comment – including estimate of additional receipt/costs to year end	Expected end of year position	Budget for 2022/23
	RECEIPTS
8095.00	Precept	8216.00	8216.00		8216.00	8529.05
1.22	Bank Interest	3.00	0.14	Additional interest expected – December & March	0.28	0.50
2400.00	Grants	0.00	0.00		0.00	0.00
485.37	Other	370.00	1615.37	Budgeted: Show Committee £60; grass cutting £310.37. Actual includes donations to Council of £1k (bequest)  grass cutting £310.37 plus £300 in donations	1615.37	400.00
588.39	Refund of VAT	700.00	204.59	VAT claimed plus further to reclaim on epicormic growth and kerbing	1360.00	700.00
3.45	Wayleave	3.45	3.45		3.45	3.45
11573.43	Total Receipts	9292.45	10039.55		11195.10	9633.00
	PAYMENTS
1568.80	Grass cutting	2500.00	1550.40	Further invoice expected for removal of epicormic growth = £250	1800.00	2500.00
1754.96	Salary & HMRC	2000.00	1455.00	4 more months’ salary and tax payments to be made – estimated at £1k	2455.00	2000.00
274.64	Expenses	1000.00	226.15	4 more months payments to be made – estimated at £28 per month plus training course costs – total of £230	456.15	500.00
240.00	Audit	0.00	0.00	No charge	0.00	0.00
25.00	Donation	150.00	50.00	£25 not cleared the bank and £25 for Poppy Wreath	100.00	150.00
479.81	Insurance	560.00	562.45		562.45	600.00
220.00	The Avenue	£500 reserve	42.34 + 500 reserve	£500 reserve	542.34	500.00 (reserve)
40.00	Playground	£150 allocation	0.00	£150 allocation	150.00	150.00 (allocation)
94.80	Playground (safety check)	Created: 17/11/2021 / Last Modified: N/A