The finance report from the APM
FINANCE OFFICER’S REPORT TO THE ANNUAL PARISH MEETING
COVERING THE FINANCIAL ACTIVITIES OF GLENTWORTH PARISH COUNCIL
DURING THE 2023 / 2024 COUNCIL YEAR - ENDING ON 31 MARCH 2024
Our internal auditor for the year has been Paula Mellows who has undertaken the year end audit. There were no issues identified with the accounts.
PKF Littlejohn are the appointed external auditors for the financial year and the accounts have been prepared on a receipts and payments basis.
Total funds available at the end of March 2024 were £22,432 compared to £19,336 at end March 2023.
Receipts for the year were £11,957. The main source of income was the precept of £10,600 and a grant from LCC of £306. An insurance claim of £459.89 for damage to the speed sign was received. A CIL payment was received of £200 which will be used to purchase a solar speed sign. A VAT refund of £390.54 was received from HMRC.
Payments for the year were £8,861. A majority of the payments related to staff salary at £4,318. Asset purchases totalled £1,265. LALC subscriptions were £86.52. VAT payments totalled £514. Repairs and maintenance spend was £438. Insurance premium spend was £401. Audit fees were £240 and accountant’s fees were £130. The election costs were £105 and room hire was £105. Remaining expenditure was on GDPR compliance and other minor expenditures.
An operating surplus of £3,096 was made in 2023/24.
Gavin Monks
(Clerk/ Finance Officer) 28/05/2024