Attachment 1.2

Explanation of significant variances in the accounting statements - Section 2

 

Local council name:                              ILAM PARISH COUNCIL           

 

 

Please explain any variances of more than 15% between the totals for individual boxes in Section 2. We do not require explanations for variances of less than £200; however, in some cases there may be ‘compensating’ variances which leave the overall total for a box relatively unchanged – e.g. where there was a major one-off project in one year (e.g. contribution to village hall extension of £30,000), but a totally different expense of a similar size in the next (e.g. purchase of playground equipment of £28,000). In such cases, it would be helpful to provide an explanation of movements within each box.  We also ask you to explain any change where there is a movement to or from zero. Please either use the proforma below, or complete a separate schedule if more space is required.

 

Section 2

2017/18

£

2018/19£

Variance (+/-) £

Detailed explanation of variance

(for each reason noted please include monetary values (to nearest £10)

Box 2

Precept

 

 

800

 

 

800

 

 

0

 

 

 

Box 3

Other income

 

 

 

8

 

 

311

 

 

+303

+ £200 SMDC grants for defibrillator

+ £58 VAT refund

+ £50 sale of scaffolding

-  £5 Council tax support grant

Box 4

Staff costs

 

 

0

 

 

0

 

 

0

 

 

Box 5

Loan interest/ capital

 

 

0

 

 

0

 

 

0

 

 

 

Box 6

Other payments

 

 

558

 

 

884

 

 

326

+ £35 Data controller registration

+ £120 Bunding opposite Town End Cottage

+ £228 Defibrillator battery

- £80 First Responders

Box 7

Balances carried forward

 

 

727

 

 

954

 

 

227

If some of the year-end balances are earmarked for specific purposes rather than as a general reserve, please provide a breakdown.

£320 topsoil+plant tubs                               £35 data controller reg.

£100 defib relocation+maintenance           £66 memberships

£160 website maintenance                          £50 newsletter

£50 clerk’s expenses                                   £200 insurance

Box 9

Fixed assets & long term assets

 

 

0

 

 

0

 

 

0

 

Explain all movements in this category and not just those above 15%

 

Box 10

Total borrowing

 

 

0

 

 

0

 

 

0