HOLT TOWN COUNCIL
ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2017
SUPPORTING STATEMENT
1. ASSETS
At 31st March, 2017 assets as listed in the Asset Register (Appendix 1) were held. The basis of valuation is the insurance replacements valuation unless otherwise stated.
The following were acquired 2016/17:
1 x Coffee machine£ 38.00
1 x Water Butt£ 23.00
2 x Flower fountain planter£ 665.00
2 x Hanging baskets£ 72.00
1 x Town Entrance planter£ 132.00
9 x Half planters£ 309.00
1 x Kubota vehicle£10470.00
1 x Petrol cans£ 4.00
1 x Fire extinguisher£ 21.00
1 x Hedge Cutter£ 300.00
1 x Generator£ 260.00
1 x Strapping kit £ 119.00
1 x Mouse sander£ 30.00
1 x Cable Reel£ 11.00
1 x Shears£ 15.00
1 x Leaf rake£ 20.00
1 x Additions for chain saw£ 207.00
1 x Misc collection of tools£ 197.00
1x Weibang hand mower£ 438.00
1 x Chain saw clothing £ 205.00
TOTAL£13536.00
The following was scrapped
1 x Bernassi sickle bar mower£1260.00
2. LEASES
At 31st March, 2017 there was one lease in operation
(i)Methodist Memorial Garden – Leased to the Town Council by the Methodists £45 p.a.
3. BORROWINGS
As at close of business on 31st March, 2017 there were no loans outstanding to the Town Council.
4. DEBTS OUTSTANDING
At 31st March, 2017 there was no debts outstanding to the Town Council in excess of one year.
5. CAPITAL RESERVE
Capital Reserve represents the amount of money available within the Council’s fund balance that can only be used to finance an identified capital expenditure item. Opening Balance at 1st April, 2016 was NIL; Balance at 31st March 2017 NIL
6. EARMARKED RESERVES
(i) Street Lights
Opening Balance at 01.04.16 £5078Balance 31.03.17£ 6078
(ii) Cemetery
Opening Balance at 01.04.16 £5000Balance 31.03.17£ 7000
(iii)War Memorial
Opening Balance at 01.04.16 £3316Balance 31.03.17£ 3316
The purpose of this reserve is refurbishment of the memorial, and is the surplus of monies raised by the community in 2010.
(iv) Church Street Toilets
Opening balance at 01.04.16£3500.00Balance at 31.03.17£ 4000.00
The purpose of this reserve is towards maintenance of the Church Street Toilet site.
(v) Play equipment
Opening Balance at 01.04.16£2500Balance at 31.03.17£2000.00
(vi) Neighbourhood Plan
Opening Balance as at 01.04.16£8087.57Balance at 31.03.17£7924.00
7. TENANCIES
During the year the following tenancies were held: Council as tenant: Landlord/Property
Holt Community Centre rent. £911 quarterly (Non-Repairing)
8. LICENCES / PERMITS / EASEMENTS
During the year there were no licences held. During the year there were 38 permits issued for car parking. Easements for the Letheringsett Hill Car Park – 3 in total
9. S137 PAYMENTS
Section 137 of the Local Government Act 1972 enables Parish/Town Councils to spend up to the product of £7.42 per head of electorate (16/17) (2915 electorate) for the benefit of the people in the area on activities or projects not specifically authorised by other powers. The limit for this Town Council in the year ended 31st March, 2017 was £ 21629.30
The payments made totalled £3500.00 as follows:-
Holt 1960s Club£350.00
Holt Bowls Club£300.00
Holt Friday Club£350.00
Holt CAB£350.00
HPFA£1,000
1940s£250.00
Holt Comm Cafe£500.00
Holt Carnival Revival£100.00
Holt United Football Clubq£200.00
Mother & Baby£100.00
TOTAL£3500.00
10. AGENCY WORK
During the year the Town Council undertook no agency work on behalf of other authorities for which it was paid.
11. ADVERTISING AND PUBLICITY
The following costs for advertising and publicity were incurred during the year:
Holt Retail LtdRNS£280.00
Community Media ManagementRNS£ 36.00
PicturecraftFlyers for RNS£149.00
S CarterInserts for Holt Chronicle£ 60.00
MinutemanAnnual Report£260.00
TOTAL£785.00
12. CONTINGENT LIABILITIES
The Town Council’s accounts allows £1000 for a contingency fund.
13. PENSIONS
For the year ended 31st March, 2017 the Town Council paid a contribution of 20% of the employeessuperannuable pay. This amounted to £5334.57
14. TRUST FUNDS
There were no trust funds administered by the Town Council.
Signed…………….....…...... ….…(Chairman) Signed……...... ………………….(R.F.O)
Date…………………...... Date…………......