Category Archives: Annual Accounts

Annual Accounts to 31 March 2016

KING’S SOMBORNE PARISH COUNCIL

FINANCIAL STATEMENTS FOR THE

YEAR ENDED 31st MARCH 2016

Balance Sheet as at 31st March 2016

2014/15 2015/16
£ £ £ £

LONG TERM ASSETS 0 0

CURRENT ASSETS

Sundry Debtors 0 0
Prepayments 0 0
VAT Recoverable 1,108 426
Funds on Deposit 0 0
Cash at Bank 50,656 49,704
51,764
TOTAL ASSETS 51,764 50,130

CURRENT LIABILITIES

Creditors: Audit Fee 531 535
Other 0 0
531 535

TOTAL ASSETS LESS
CURRENT LIABILITIES 51,233 49,595

Long Term Liabilities 0 0

REPRESENTED BY:

General Fund (Note 8) £51,233 £49,595

Signed Richard Harwood Peter Storey
Chairman Responsible Financial Officer

Date 09-May-16 09-May-16

KING’S SOMBORNE PARISH COUNCIL

Income and Expenditure Account for the year ended 31st March 2016

2014/15 2015/16
£ £

Income

Precept 31,835 32,471
Interest received 43 70
Burial Board 4,985 4,935
VAT repaid 13,172 4,143
Grant funding received 50,221 8,024
Misc income 685 650
Total Income 100,941 50,293

Expenditure

Community Support
Community services & facilities 8,393 8,907
S137 Payments (Note 8) 538 899
Play equipment 56,830 4,376
Burial Board 3,852 2,653
Grant Aid 5,016 74,629 9,250 26,085

Administration
Staff costs incl NIC 11,126 11,650
Expenses – office 1,616 1,650
Expenses – operational 559 1,122
Audit 825 940
Insurance 1,499 1,547
Subscriptions 588 707
VAT paid 13,170 4142
Clerk’s gratuity 0 29,303 4,088 25,846
Total Expenditure 104,012 51,931

Surplus/Deficit for the year -£3,071 -£1,638

General Fund £ £

Opening Balance 54,304 51,233
Add – Income 100,941 50,293
Less – Expenditure -104,012 51,931
Closing Balance £51,233 £49,595

KING’S SOMBORNE PARISH COUNCIL
Supporting statement to the Accounts
for the year ended 31st March 2016

Note 1 – Assets

The following fixed assets were held at 31st March 2016 Insured cost

Shire horse painting 6,889
Street furniture (3 bus shelters, 12 seats, SLR and defib) 33,451
War Memorial 26,564
Gates and fences 6,769
Play equipment 44,127
Wetpour surfaces 8,644
Sports equipment (MUGA, skate ramp & trim trail) 75,798
Office equipment – projector, PA system, computer 835
Churchyard and Cemetery walls 43,998
Total £247,075

Note 2 – Borrowings None
Note 3 – Tenancies None
Note 4 – Leases None
Note 5 – Agency Work None
Note 6 – Advertising None

Note 7 – Debtors VAT Recoverable 426
£426

KING’S SOMBORNE PARISH COUNCIL
Supporting statement to the Accounts
for the year ended 31st March 2016

Note 8 – Section 137 Payments
Section 137 of the Local Government Act 1972 enables Parish Councils to
spend up to the product of £7.36 per head of electorate for the benefit of
people in the area on activities or projects not specifically authorised by
other powers. The limit for the Council for the year ended 31st March 2016

was £9,604.80. During the year the Council made the following payments:
3 new public seats £899

Note 9 – Grant Aid awarded to:
Royal British Legion 50
Test Valley School prize fund 75
CPRE 25
KS Village Hall (open gardens) 100
KS Cricket Club (roller) 1000
Total £1,250

Note 10 – Contingent Liaibilities and Pensions
In compliance with the Workplace Pensions legislation, the Council
contributed £74.16 to a private pension scheme on behalf of the Clerk

Annual Accounts to 31 March 2015

KINGS SOMBORNE PARISH COUNCIL

FINANCIAL STATEMENTS FOR THE

YEAR ENDED 31 MARCH 2015

KINGS S0MBORNE PARISH COUNCIL

Balance Sheet as at 31st March 2015

2014/15 2013/14
£ £ £ £

CURRENT ASSETS

Sundry Debtors 0 0
VAT Recoverable (Note 7) 1,108 248
Prepayments 0 0
Cash at Bank 50,656 54,506
51,764 54,754
TOTAL ASSETS 51,764 54,754

CURRENT LIABILITIES

Creditors: Audit Fee 531 450
Other 0 0
531 450

TOTAL ASSETS LESS
CURRENT LIABILITIES 51,233 54,304

REPRESENTED BY:

General Fund (Note 8) £51,233 £54,304

Signed Richard Harwood Peter Storey
Chairman Responsible Financial Officer

Date 18-May-15 18-May-15

KINGS SOMBORNE PARISH COUNCIL

Income and Expenditure Account for the year ended 31st March 2015

2014/15 2013/14
£ £

Income

Precept 31,835 31,210
Burial Board 4,985 4,725
VAT repaid by HMRC 13,172 721
Interest received 43 25
Grant funding received 50,221 1,618
Misc income 685 178
Total Income 100,941 38,477

Expenditure

Community Support
Community services & facilities (Note 9) 8,393 6,952
Play equipment 56,830 0
Burial Board 3,852 3,998
Grant Aid (Note 9) 5,016 575

S137 Payments (Note 9) 538 65
74,629 11,590

Administration
Staff costs incl NIC 11,126 10,859
Expenses – office 1,616 1,710
Training 0 0
Insurance 1,499 1,277
Misc 559 710
Audit 825 895
VAT paid 13,170 721
Subscriptions 588 474
29,383 16,646

Total Expenditure 104,012 28,236

Surplus/Deficit for the year -£3,071 £10,241

General Fund £ £

Opening Balance 54,304 44,063
Add – Income 100,941 38,477
Less – Expenditure -104,012 -28,236
Closing Balance £51,233 £54,304

KING’S SOMBORNE PARISH COUNCIL
Supporting statement to the Accounts for the year ended 31 March 2015
Note 1 – Assets
The following fixed assets were held at 31 March 2015 Insured cost
Shire horse painting 5,910
Street furniture (3 Bus shelters, 9 seats, SID and Defib) 32,477
War Memorial 25,791
Gates & fences 6,572
Play equipment 42,842
Wetpour surfaces 8,392
Sports equipment (MUGA, skate ramp & trim trail) 73,590
Churchyard & Cemetery walls 42,716
Total 238,290
Note 2 –Borrowings – None
Note 3 – Tenancies – None
Note 4 – Leases – None
Note 5 – Agency work – None
Note 6 – Advertising – None
Note 7 – Debtors – VAT recoverable 1,108
Note 8 – General Fund – Reserves earmarked at 31 March 2014 – 9,000
(Clerk’s gratuity £4k and SID)
Unallocated funds at 31 March 2015 – 42,233
Closing balance – £51,233

Note 9 – Community support
Safety (SID and street light) 908
Church clock 316
Burial Board expenses 3,852
Open spaces maintenance 5,154
General maintenance/contracted services 2,015
Play equipment (MUGA) 56,830
Total £69,075

Section 137 payments
Section 137 of the Local Government Act 1973 enables Parish Councils to spend up to the product of £7.20 per head of electorate for the benefit of people in the area on activities or projects not specifically authorised by other powers. The limit for the Council in the year ended 31 March 2015 was £9,396
During the year, the Council made the following payments under this section
Litter bin 247
Public seat 297
Total £538
Grant Aid awarded to
Royal British Legion 50
British Heart Foundation (Defib) 400
Test Valley School 75
Victim Support 50
KS Village Hall (lights and curtains) 2741
CPRE 25
KS School (laptops) 1675
Total £5,016
Note 10 – contingent liabilities and pensions None

Annual Accounts to 31 March 2014

KINGS SOMBORNE PARISH COUNCIL

FINANCIAL STATEMENTS FOR THE

YEAR ENDED 31 MARCH 2014

KINGS S0MBORNE PARISH COUNCIL

Balance Sheet as at 31st March 2014

2012/13 2013/14
£ £ £ £

CURRENT ASSETS

Sundry Debtors 0 0
VAT Recoverable 375 248
Prepayments 0 0
Cash at Bank 44,133 54,506
44,508 54,754
TOTAL ASSETS 44,508 54,754

CURRENT LIABILITIES

Creditors: Audit Fee 445 450
Other 0 0
445 450

TOTAL ASSETS LESS
CURRENT LIABILITIES 44,063 54,304

REPRESENTED BY:

General Fund (Note 8) £44,063 £54,304

Signed Richard Harwood Peter Storey
Chairman Responsible Financial Officer

Date 12-May-14 12-May-14

KINGS SOMBORNE PARISH COUNCIL

Income and Expenditure Account for the year ended 31st March 2014

2012/13 2013/14
£ £

Income

Precept 31,210 31,210
Burial Board 6,360 4,725
VAT repaid by HMRC 4,001 721
Interest received 16 25
Grant funding received 22,924 1,618
Misc income 477 178
Total Income 64,988 38,477

Expenditure

Community Support
Community services & facilities (Note 9) 26,401 7,673
Burial Board 1,968 3,998
Grant Aid (Note 9) 1,970 575

S137 Payments (Note 9) 1,667 65
32,006 12,311

Administration
Staff costs incl NIC 10,607 10,859
Expenses – office 1,546 1,710
Training 345 0
Insurance 1,305 1,277
Misc 3,889 710
Audit 840 895
Cllr expenses 28 0
Subscriptions 518 474
19,078 15,925

Total Expenditure 51,084 28,236

Surplus/Deficit for the year £13,904 £10,241

General Fund £ £

Opening Balance 28,190 44,063
Add – Income 64,988 38,477
Less – Expenditure -51,084 -28,236
Closing Balance (Note 8) £42,094 £54,304

KING’S SOMBORNE PARISH COUNCIL
Supporting statement to the Accounts for the year ended 31 March 2014
Note 1 – Assets
The following fixed assets were held at 31 March 2014 Insured cost
Shire horse painting 5,910
Bus shelters (3) 19,689
Seats (9) 6,340
Speed indicator device 3,565
War Memorial 25,039
Gates & fences 6,380
Play equipment 41,595
Wetpour surfaces 8,148
Skate ramp & trim trail 16,106
Churchyard & Cemetery walls 41,472
Total 174,244

Note 2 –Borrowings – None
Note 3 – Tenancies – None
Note 4 – Leases – None
Note 5 – Agency work – None
Note 6 – Advertising – None
Note 7 – Debtors – VAT recoverable 450
Note 8 – General Fund – Reserves earmarked at 31 March 2014 – 15,000
(£10k MUGA and £5k SID)
Unallocated funds at 31 March 2014 – 39,304
Closing balance – £54,304
Note 9 – Community support
Safety (SID and street light) 790
Church clock 239
Burial Board expenses 3,998
Open spaces maintenance 4,572
General maintenance/contracted services 2072
Total 11,671

Section 137 payments
Section 137 of the Local Government Act 1973 enables Parish Councils to spend up to the product of £6.98 per head of electorate for the benefit of people in the area on activities or projects not specifically authorised by other powers. The limit for the Council in the year ended 31 March 2014 was £11,880
During the year, the Council made the following payments under this section
Newsletter 65
Total £65
Grant Aid awarded to
Royal British Legion 50
King’s Somborne Cricket Club 400
Test Valley School 75
Victim Support 50
Total £575

Note 10 – contingent liabilities and pensions None

Annual Accounts to 31 March 2013

KING’S SOMBORNE PARISH COUNCIL

FINANCIAL STATEMENTS FOR THE

YEAR ENDED 31 MARCH 2013

Balance Sheet as at 31st March 2013

2012/13 2011/12
£ £ £ £

LONG TERM ASSETS 0 0

CURRENT ASSETS

Sundry Debtors 0 0
Prepayments 0 0
VAT Recoverable 375 201
Funds on Deposit 0 0
Cash at Bank 44,133 28,524
44,508 28,725
TOTAL ASSETS 44,508 28,725

CURRENT LIABILITIES

Creditors: Audit Fee 445 535
Other 0 0
445 535

TOTAL ASSETS LESS
CURRENT LIABILITIES 44,063 28,190

Long Term Liabilities 0 0

REPRESENTED BY:

General Fund (Note 8) £44,063 £28,190

Signed R Harwood P Storey
Chairman Responsible Financial Officer

Date 14-May-13 14-May-13

KING’S SOMBORNE PARISH COUNCIL

Income and Expenditure Account for the year ended 31 March 2013

2012/13 2011/12
£ £
Income
Precept 31,210 31,210
Burial board 6,360 4,045
VAT repaid 4,001 1,576
Interest received 16 12
Grant funding received 22,924 7,129
Misc income 477 710
Total Income 64,988 44,682

Expenditure

Community Support
Community services & facilities 26,401 15,533
Grant Aid (Note 9) 1,969 2,620
S137 Payments (Note 9) 1,667 415
30,037 18,568

Administration
Staff costs incl NI/pension contributions 10,607 11,140
Expenses – office 1,350 1,858
Expenses – operational 4,458 1,976
Audit 840 830
Insurance 1,305 1,287
Subscriptions 518 498
19,078 17,589

Total Expenditure 49,115 36,157

Surplus/Deficit for the year £15,873 £38,750

General Fund £ £

Opening Balance 28,190 19,665
Add – Income 64,988 44,682
Less – Expenditure -49,115 -36,157
Closing Balance (Note 8) £44,063 £28,190

KING’S SOMBORNE PARISH COUNCIL
Supporting statement to the Accounts
for the year ended 31 March 2013

Note 1 – Assets

The following fixed assets were held at 31 March 2013

Insured cost

Shire horse painting 5,910
Bus shelters (3) 19,690
Seats (9) 6,340
Speed indicator device 3,564
Gates and fences 6,194
Play equipment 40,383
Wetpour surfaces 7,910
Skate ramp 15,683
Sub total £129,939

Other Assets:

War Memorial 24,310
Churchyard and Cemetery walls 40,264
Sub total 64,574

Grand total 170,201

Note 2 – Borrowings None
Note 3 – Tenancies None
Note 4 – Leases None
Note 5 – Agency Work None
Note 6 – Advertising None
Note 7 – Debtors VAT Recoverable 375
Note 8 – General Fund
Reserves earmarked at 31 March 2013 (MUGA) 10,000
Unallocated funds 34,063
Closing balance 44,063

KING’S SOMBORNE PARISH COUNCIL
Supporting statement to the Accounts
for the year ended 31 March 2013

Note 9 – Section 137 Payments
Section 137 of the Local Government Act 1972 enables Parish Councils to spend up
to the product of £6.80 per head of electorate for the benefit of people in the area on
activities or projects not specifically authorised by other powers. The limit for the
Council for the year ended 31 March 2013 was £8,588.40

During the year the Council made the following payments:
Newsletter 195
Seats 530
Notice boards 245
Up Somborne gate 449
Land title fees 248
Total 1,667

Grant Aid to
Royal British Legion 50
Neighbourcare 50
Test Valley School 75
Working Men’s Club 6
King’s Somborne Village hall 1,748
Police sports day 40
Total 1,969

Community support
Safety (SID and street light) 2,159
Church clock 212
Burial Board expenses 2,958
Open spaces maintenance 4,041
General maintenance 2,102
Play equipment upgrade 14,929
Total 26,401

Note 10 – Contingent Liabilities and Pensions None