Snape with Thorp Parish Council

Financial position as at 3 December against budget for 20/21

Income is estimated to be:

£9137.07 compared with budgeted amount of £9174.00 which is £36.93 lower than budget.

Note: £185 of this income was a donation for the playing field

Expenditure is estimated to be:

£7761.74 compared with budgeted amount of £7976.37 which is £214.63 lower than budget. Additional costs for an audit and repayment to the PWLB had not be budgeted for but lower than expected village maintenance costs meant the Council was close to its budgeted level.

Note: this does take into consideration payments already made but which have not cleared the bank but it does not take into consideration:

• Repairs to base of former stone bridge - £250? as it is unclear if this will happen in year
• Any kerbing costs if this project proceeds in year
• Other donations eg Air Ambulances etc – the PC has usually donated to the two Air Ambulances and more recently to the Citizens Advice Bureau

The actual and estimated receipts and payments are detailed overleaf.

Budget for 2021/22

Is based on the following:

• INCOME
  • No grants
  • Payment by NYCC for urban grass cutting of £310 although this has not been confirmed as yet
  • £60 contribution from Snape Show to cover increased insurance costs for the Show

• EXPENDITURE
  • Grass cutting is as per expected cuts in the tender
  • Salary is projected at a higher level than last year’s budget based on this year’s expenditure following the in-year pay rise
  • Expenses – includes a projected £500 for the costs of creating a new website in year
  • No audit payment as income and expenditure are predicted to be below £10k and no payment to PWLB as payments will cease in February 2021.
  • Donations to be slightly increased
  • Increase in insurance to take account for the Show proceeding in August 2021
  • Allocations 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
  • 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.
  • Extraordinary expenses would cover a project cost – this might be deemed to be too low at £1000.

378. the basis of the statement overleaf the precept would be set at £7501.55. However the Council may wish to consider other projects for 2021/22 which could affect the budget and thus the precept. Sarah Lowe, Clerk

2019/20		Budgeted for 20/21	Current position 3/12/20	Comment – including estimate of additional receipt/costs to year end	Expected end of year position	Budget for 2021/22
	RECEIPTS
7800.00	Precept	8095.00	8095.00		8095.00	7501.55
5.14	Bank Interest	5.28	1.08	Additional £1.60 interest expected – Dec & March	2.68	3.00
2500.00	Grants	0.00	0.00		0.00	0.00
370.37	Other	370.37	485.37	Budgeted: Show Committee £60; grass cutting £310.37. Actual includes donations to PFC = £185 and grass cutting £310.37; No Show held	485.37	370.00
4287.78	Refund of VAT	700.00	220.57	Grass cutting, bollards and tree purchase will have VAT to reclaim	550.57	700.00
3.45	Wayleave	3.45	3.45		3.45	3.45
14966.74	Total Receipts	9174.10	8805.47		9137.07	8578.00
	PAYMENTS
1918.80	Grass cutting	2500.00	1056.00	Further invoices expected including for grass cutting & removal of epicormic growth = £600.00	1656.00	2500.00
996.20	Salary & HMRC	1300.00	1218.80	Salary increase in May 20; 4 more months payments to be made – estimated at £152.50 per month = £609 + HMRC payments for tax = approx. £800	2018.80	2000.00
241.83	Expenses	500.00	183.02	4 more months payments to be made – estimated at £22.75 per month = £90	273.02	1000.00
240.00	Audit	0.00	240.00	Grant monies received 19/20 meant there was an audit cost this year	240.00	0.00
100.00	Donation	135.00	25.00	For poppy wreath	25.00	150.00
535.84	Insurance	560.00	479.81	Lower cost as show did not proceed so premium for this removed	479.81	560.00
1920.00	The Avenue	100.00 +£500 reserve	241.92	Cost of new tree - £200 +VAT £500 reserve	241.92	500.00 (reserve)
10464.00	Playground	£150 allocation	0.00	£150 allocation		150.00 (allocation)
94.80	Playground (safety check)	98.00	94.80		94.80	98.00
132.00	Subscription - YLCA	135.00	134.00		134.00	135.00
1026.74	Repayment of PWLB loan	513.37	513.37	Final payment to be made in February ie further £513.37 payment to be made	1026.74	0.00
35.00	Information Commissioner (annual fee)	35.00	35.00		35.00	35.00
10181.01	Others	350.00	109.91	Costs of painting/repairs to seats, pumps, bridges etc part estimate = £80; repairs to bridge stonework = £250	439.91	350.00
	Defibrillator	100.00	76.74	Allocated £100 but only £76.74 spent in year