Finance

Under the Local Government Finance Act 1992 ss39,41,52,51 and Council Tax (Administration and Enforcement) Regs 1992 No. 613 art 4. (1), the Parish Council has the power to raise income to meet its expenses by means of an annual charge, the 'precept', from those resident within its parish.

The precept is set each year by the Parish Council, as part of its annual budgeting process and is collected on the Parish Council's behalf by Babergh District Council, the authority responsible for collecting Council Tax within its area.

An Advisory Finance Group is appointed every year by the Parish Council. The following members of this 'Group' are also the cheque signatories: 
Cllr David Cordle      Cllr Rosie Kirkup 
Cllr John Hawkins     Cllr Colin Keeble
Cllr John Deacon joined the Group in May 2015 but he is not a cheque signatory.
The Clerk who is also the Responsible Finance Officer (RFO) is a member of the 'Group' but is NOT a cheque signatory. 
All cheques must be signed by any two of these councillors.

Click here for our Financial Regulations.                                  

The Audit Commission Act 1998 and the Accounts and Audit Regulations, which are issued from time to time under this Act, set out how local councils should behave when accounting for the public funds they manage and what rights local taxpayers have in relation to these accounts. The Parish Council submiits its accounts to two seperate auditors per annum and the findings are recorded on the Annual Return Form.  The financial year runs from 1st April to 31st March.

The Internal Audit, carried out by a company totally independent from the Parish Council, looks at the internal workings of the council e.g. the minutes, insurance policies, along with the Financial Management of Risk and the accounts.  The council is also required to carry out annually, a review of the effectivness of their system of internal control.
The annual report can be found on the left of the page.

The Annual Return accompanied by a Summary of Receipts and Payments, a Bank Reconciliation and the Reason for Varience are then sent to the External Auditor (for our Council: BDO LLP) who will carry out an audit and subsequently return a report. The Annual Return can be found on the left of the page.

The Period for the Exercise of Public Rights for accounts 2015-16  Click HERE
For the Summary of Electors Rights click HERE.  These documents can be found on the Notice Boards during the elected period. 
Notice of Conclusion of Audit click HERE.  This document can be found on the Notice Boards during the elected period. 

Parish Council Funding/Grants

The Parish Council endeavours to ensure we remain a strong, healthy, vibrant community in which the needs and aspirations of everyone are met. The Council has money available to support groups in our community who share our committment.
Requests are considered in April and November each year. However, if there is an urgent need for funding please contact the Parish Clerk.
For our Funding/Grants Policy, Click here. For a Funding/Grant Request Form (as a word doc) Click here or for a PDF please Click here.

 

Financial accounts and reports

Listed below are the financial documents for the year 2013-14
Click on them to open them up in a separate window.