2025-04 Finance Reports

Payments Schedules to Approve:

April 2025	Payments to approve
Inv Date	To	Details	Net	Vat	Gross
02/04/2025	Avon door and lock	Spare keys	14.00	2.80	16.80
01/04/2025	ALCA	Subscription	152.59		152.59
14/04/2025	Staff	Staff expenses	18.54		18.54
		SUBTOTAL				187.93

Signed by the Chairman of the meeting: _______________________

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Payments to note

Mar 2025	Regular payments
Inv Date	To	Details	Net	Vat	Gross
24/03/2025	Staff	Staff salaries, expenses, pension	592.63		592.63
31/03/2025	Unity	Service Charge	6.00		6.00
		SUBTOTAL				598.63

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Receipts to note

Nov 2024	Receipts
Inv Date	From	Details	Net	Vat	Gross
31/03/2025	Unity	Bank Interest	168.91		168.91
		SUBTOTAL				168.91

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Bank Reconciliation Report

Reconciliation of balances 31 Mar 2025
NatWest Current A/C (Clerk debit card) 30/12/24	126.90
Unity Current A/C	2,075.61
unity Reserve A/C	26,092.51
SUBTOTAL bank statements		28,295.02
Less unpresented payments	0.00	0.00
Unbanked cash (cash float)	0.00	0.00
NET BALANCES		28,295.02
The net balances reconcile to the Cash Book (receipts and payments account) as follows:
Opening Balance at 1 April 2024		27,093.40
Add: Receipts in the year		14,593.23
Less: Payments in the year		-13391.61
CLOSING BALANCE per Cash Book		28,295.02

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Year to date spend vs Budget and Earmarked Reserves

Budget commentary

• Bank interest received was £328 higher than expected due to higher than expected bank interest rates
• Staff costs were £223 lower than expected due to lower than expected NJC negotiated pay rise
• Electricity was £560 lower than expected due to negotiations on new contract
• Plants and compost was £237 lower than expected due to donations from Cllr Gay
• £400 budgeted for grants and events was not used

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Review of Reserves 1st April 2025

Opening Balance 1st April 2025: £28,295.02

Earmarked Reserves 1st April 2025: £19,289

General Reserve 1st April 2025: £9,006.02

Annual budgeted expenditure: £14,530

Know financial obligations: £16,090.17 +VAT for playground upgrade to be met from earmarked reserves totaling £16,489 for the playground.

The general reserve of £9,006 equates to 7.4 months expenditure. This is £1,741 above the 6 month target as previously considered suitable by the parish council. JPAG recommends 3 to 12 months depending or situation, risk and size of council, with smaller councils closer to 12 months expenditure.

Earmarked Reserves:

EARMARKED RESERVES	Rationale
Playground Upgrade from CIL	Spending subject to CIL  rules	8986
Playground Upgrade Grant	Grant received for specific purpose	7333
Playground match funding (notCIL)	Remaining amount from funds set aside to spend on playground	170
Ward Empowerment Fund	Grant received for specific purpose	0
Grouped Contingencies	A grouped pool to cover contingencies such as equipment or additional costs such as staff, recruitment, election.	2800
EARMARKED RESERVES TOTALS		19289.00

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Note: Expenditure and income is transacted under the General Power of Competence unless otherwise stated on the financial reports.