Medbourne Parish Council - Accounts 2011/12

The tables below contain the Medbourne Parish Council accounts for 2011/12. If you would like to download a copy of the spreadsheet containing the accounts see the link below.

Links to previous years: 2010/11

Statement of Assets

		2012		2011
Balance brought forward		10,880.62		12,324.24
Add Receipts		6,872.12		10,261.72
Less Payments		-7,358.81		-11,705.34
Balance carried forward		10,393.93		10,880.62
Represented by:
Community Account		831.45		1,380.55
Business Saver Account		5,491.48		5,488.75
National Savings Account		4,143.75		4,135.48
2.5% Consolidated Stock		24.84		24.84
Less Unpresented cheques		-97.59		-149
		10,393.93		10,880.62
Being:
General Funds		9,288.70
Designated Funds re: The Hollow		352.63
Taxi Voucher Scheme		752.6
		10,393.93
Contingency Funds Held	As at	Added	Utilised		As at
	31.03.11	in Year	in Year		31.03.12
Election	331	0	75		256
Parish Mower Replacement	1,147.00	0	0		1,147.00
Lighting	2,000.00	0	0		2,000.00
Parish Maintenance	100	100	42		158
	3,578.00	100	117		3,561.00
Addendum: Apart from the assets detailed above there is a separate Mower Fund Account
at Barclays Bank held jointly by the Parish Council and the Sports Club. As at 31.03.12
balance in this accounts stands at £4,640.66
		Community Account			55
		Business Saver Account			4,585.66

 

Receipts and Payments

			2012			2011
RECEIPTS
Precept			5,583.00			5,457.00
VAT Refund			288.14			235.09
Peppercorn Rent			30			45
Other Income
	The Hollow		312			462.2
	Taxi Voucher Scheme		0			300
	Donation Police Laptop		0			50
	Village Hall		647.5			3,700.00
			6,860.64			10,249.29
Investment Income:
Bank Interest - Business Saver Account		2.73			3.69
2.5% Consol Stock Interest		0.48			0.48
NSB Interest		8.27	11.48		8.26	12.43
TOTAL RECEIPTS			6,872.12			10,261.72
PAYMENTS
Clerk Salary & Expenses			867.36			867.36
Councillors Expenses			25			0
Other Admin Costs			16.81			11.06
Legal Fees			0			100
Election Costs			75			0
Audit Fee			135			120
Insurance			525.89			532.37
Subscriptions & Donations			1,241.12			806.63
Village Hall			740			4,420.00
Mower Costs			72.34			148.19
Mower Renewal Fund			250			250
Electricity for Street Lights			682.04			681.24
St Lighting Repairs & Maint.			544.4			479.68
Dog Bins			395.98			388.75
Village Maintenance			42.44			450
Grass Cutting			126.1			229.36
The Hollow			524.53			620.06
Taxi Voucher Scheme			790			665
			7,054.01			10,769.70
VAT on Payments
General		288.96			922.06
The Hollow		15.84			6.58
Taxi Voucher Scheme		0			7
			304.8			935.64
TOTAL PAYMENTS			7,358.81			11,705.34
Excess of Receipts over Payments
	The Hollow		-212.53
	Taxi Voucher Scheme		-790
	Parish Council		515.84
Anticipated Expenses			0
Anticipated Income			0

 

Supporting Notes

Assets held at 31st March 2012
Asset	Basis of Valuation			Value
The Hollow	Nominal			1
Sports Field	Nominal			1
Village Green	Nominal			1
Tennis Courts	Nominal			1
Bowls Green	*Purchase Price			£5,000
24 Street Lights	Insurance			£14,157
13 Village Benches	Insurance			£4,000
War Memorial	Insurance			£23,100
Parish Mower	Insurance			£1,236
			Total	£47,497
*Purchased by Village through fund-raising
LEASES HELD AT 31ST MARCH 2012
Tenant	Property			Rent per annum
Sports Club	Sports Field			20
Tennis Club	Tennis Courts			Peppercorn
Bowls Club	Bowls Green			1
DONATIONS MADE DURING YEAR
Payee	Nature of Payment
Royal British Legion	Poppy Wreath				40
Medbourne Church Council	Contribution to Church Light				24
Citizens Advice Bureau	Contribution towards running costs				50
Six Saints Circa Holt	Contribution towards printing costs				200
Six Saints Circa Holt	Contribution towards Rememberance Day				20
	(Trumpeter Costs)
Six Saints Circa Holt Youth Club	Contribution towards running costs				400
Leics Police Authority	Contribution towards speed gun for Beat Bobby				243
EARMARKED RESERVES
Contingency Funds:
Election	256
Parish Mower	£1,147
Street Lighting	£2,000
Parish Maintenance	158
Designated Funds:
The Hollow - Fundraising and grants		352
Taxi Voucher Scheme - fundraising and grants		752
Clerks Salary
Tax paid through PAYE

 

Explanation of Reserves

In addition to the normal annual expenditure covered by the precept it is the practice of the Parish Council to hold sufficient monies as reserves to meet additional costs incurred in maintenance of the village, initiatives resulting from the Parish Plan, Annual Parish Meeting or any matters of concern affecting the parish raised at Parish Council meetings.

In addition the reserves include a balance of grant monies, donations and fundraising designated to the Taxi Voucher Scheme and maintenance of The Hollow, a conservation area within the village.

The balance held of £10,393.93 includes the following:

£5,583 Annual Precept

£ 752 Monies held in respect of the Taxi Voucher Scheme

£ 352 Monies raised within the village and held in the Parish Council accounts for maintenance of The Hollow.

£3,561 Contingency monies held for:

• Parish Repairs/Maintenance
• Replacement and enhancement of the parish street lighting for which the Parish Council is responsible.
• Replacement of the parish mower
• Election expenses

£ 145 To cover any additional expenditure incurred in addressing matters of concern affecting the parish, raised from time to time through Parish Council meetings and the Annual Parish Meeting.

Down-loadable Copy of the Accounts