|
ETC Accounts 31 March
2008 |
Eye Town Council Accounts for year ended 31st March
2008
INCOME AND EXPENDITURE
ACCOUNT
YEAR ENDED 31 MARCH
2008
2007
2007
2008
2008
INCOME
44,363
Precept
47,712
8,284
Town
Hall 6,241
4,063 Cemetery
1,557
485
Allotments 437
1,483 Interest
Received 1,829
234 Stallage 680
20,000
Section 106
Contribution
10,000
6.866
Street Cleaning
Grant 6,335
1,319
Other
Income 52
89,097
79,243
EXPENDITURE
21,904
Town
Hall
9,722
525 Allotments 105
6,040 Cemetery 7,955
9,190
Administration 11,176
17,228 Highways 17,936
4,666
Insurance 6,460
2,459
Donations 1,537
6,015
Community Centre
grant 6,015
388
Mayors
Reception
958
-
Section 106
Agreement
5,068
26,539
Skatepark / Pocket
Park
15,450
621
Other
Expenses 499
95,575
82,881
(6,478) NET
SURPLUS/(DEFICIT) for the year
(3638)
59,340
Balance Bought Forward 1
April 52,862
£52,862
Balance carried Forward 31
March
£49,224
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BALANCE SHEET AS AT 31 MARCH 2008
2007 2008
CURRENT ASSETS
565 VAT
Refundable
682
20,136 Debtors 2,782
60,637 Cash
In
Hand
47,457
81,338
50,921
CURRENT LIABILITIES
28,476
Creditors 1,697
£52,862
TOTAL ASSETS LESS CURRENT
LIABILITIES £49,224
Represented by:
£52,862
GENERAL
FUND
£49,224
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EYE TOWN COUNCIL
ACCOUNTS YEAR ENDED 31 MARCH 2008
ADDITIONAL NOTES
1 BASIS OF
ACCOUNTS
The accounts are produced on an income and expenditure basis, with
VAT excluded
from payments and recorded as a debtor.
2 ASSETS
As at 31 March 2008 the following assets were held:
COMMUNITY
ASSETS
Town
Hall
£1,044,772
Cemetery
Chapel
£20,886
Allotments
Street
Lights
£25.499
Bus
Shelters
£5,808
Seats
£1,810
Portraits, Silver and
Robes
£128,206
£1,226,981
OTHER ASSETS
Computer
£25
Fax £25
Word
Processor
£25
£75
Total Assets
£1,227,056
3 BORROWINGS
As at 31 March 2008, the following loans to the Council were
outstanding:
Public Works Loan Board
This loan was taken out in 1991 and is repayable over a period of
25 years
ending in 2016.
Public Works Loan Board
This loan was taken out in 1972 and is repayable over a period of
40 years
ending in 2012.
The total amount outstanding at 31 March 2008 on both loans was
£34,012.08
(2007 £36,813.67)
4 DEBTORS
Debtors represent amounts outstanding for Town Hall Lettings prior
to the year end.
Since that date, £2,055 (73.8%) of this debt was settled by 7
April 2008..
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EYE TOWN
COUNCIL COMPARISON : YEAR ENDED 31 MARCH
2008
2008 2007 Variance
INCOME
Precept
£47,712
£45,310
£2,402
Town
Hall
£6,241 £13,248 (£7,007)
Cemetery
£1,557
£1,390
£167
Allottments
£437
£315
£122
Interest
Received
£1,829
£1,554
£275
Stallage
£680
£225
£455
Sec 106
Contribution
£10,000
£0
£10,000
Street Cleaning
Grant
£6,335
£4,172 £2,163
Parish
Plan
£4,400
£0
£4,400
Other
Income
£52
£1.094 (£1,042)
£79,243
£67,308
£11,935
EXPENDITURE
Town
Hall
£9,722 £24,002 (£14,280)
Allottments
£105
£96
£9
Cemetery
£7,955
£6,246
£1,709
Administration
£11,176
£9,692
£1,484
Highways
£17,936 £15,077
£2,859
Insurance
£6,460 £4,420 £2,040
Donations
£1,537
£1,682
(£145)
Community Centre
grant
£6,015 £6,015
£0
Mayor's
Reception
£958 £1,337
(£379)
Sec 106
Agreement £5,068
£0
£5,068
Skatepark / Pocket
Park
£15,450
£0
£15,450
Other
Expenses
£499
£537
(£38)
£82,881
£69,104
£13,777
NET SURPLUS/
DEFICET for the
year (£3,638)
(£1,796)
(£1,842)
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