Finance Matters

Finance Matters report – 20 May 2021

Receipts and payments since the last meeting (up to 11 May 2021):

Receipts Precept (1^st instalment) - £4108

Payments Sarah Lowe (salary) £192.00; Sarah Lowe (expenses for newsletter) - £42.13; Zurich Municipal (insurance) - £539.81

Bank accounts as at 11 May 2021

Current account – £10175.08

Deposit account – £2647.17

Deposit account re Institute - £22,759.47

Hours worked by the Clerk – April 20 hours

Report from Internal Auditor

The Internal Auditor has raised a number of points as follows:

1. £12.79 of VAT for defibrillator pads had not be reclaimed – the Clerk has now submitted this for payment to HMRC
2. An amount of £1.47 VAT was not reclaimed. The document presented with the claim for expenses did not include the VAT amount nor the VAT registration number of the company. Pursuing these details would incur more in expenses by the Clerk so it is requested that agreement is given not to pursue this amount. The Clerk will amend the expenses form to ask that any document presented for payment includes these details.
3. The Clerk made out a cheque for her salary 24p less than she was owed. The Clerk does not require payment of this amount.
4. As requested the Internal Auditor used the form provided by YLCA to check other aspects of the Council’s business. He has noted the following:

1. 1. S137 monies had not been indicated in the minutes. The Clerk will ensure these sums are included in future.
   2. Code of Conduct – I advised that a new code has been notified but the Council awaits HDC’s advice on this
   3. The form asked whether the Council has done a data audit. I advised that it was a number of years since this was undertaken. I feel that little will have changed since the last audit and do not feel that another audit is required.

Sarah Lowe, Clerk

May 2021