BANK RECONCILIATION YEAR ENDED 31 MARCH 2016

LOCAL AUTHORITY NAME / WHITTINGTON & FISHERWICK PARISH COUNCIL
COUNTY / STAFFORDSHIRE
£
A / Balance on the bank statement at 31 March 2016 (taken from bank statement) / 102991.29
Outstanding items
B / Less unpresented cheques (to agree with attached list) / 102.00
C / Plus uncleared payments into bank (to agree with attached list) / 0
D / Petty cash
Plus any petty cash balance held at 31 March 2016 / 0
E / Balance in the cash book (Authority’s own records) at 31 March 2016 (Calculated as A-B+C+D=E and agrees with Box 8 on the Annual Return ) / 102889.29
REPRESENTED BY:
COUNCIL 1 account:
Barclays Current / 100.00
Instant Access Saver / 26,798.41
BUSINESS SAVER / 342.57
CO-OPERATIVE FIXED RATE DEPOSIT / 41,847.74
FAIR/BALL :
Current / 33,802.57
Instant Access Saver / 100.00
102,991.29
UNPRESENTED ITEMS / 102.00
102,889.29
BALANCE C/F 01/04/15 / £107,337.78
PLUS RECEIPTS / £93,309.23
LESS PAYMENTS / £98,417.72
LESS 2014 CANCELLED CHEQUE / £660.00
£102,889.29
LOCAL AUTHORITY NAME / WHITTINGTON & FISHERWICK PARISH COUNCIL
COUNTY / STAFFORDSHIRE

Explanations of significant varianceson the Accounting Statements

CALCULATIONSFOR IDENTYFYING EXPLANATIONS

Calculation of variance / 2015 / 2016 / Variance (2016 less 2015 / % (variance divided by 2015 figure multiplied by 100) / Explanation required? Less that £250 - NO More than 15% - YES less than 15% - NO
1 / £101,123 / £107,338 / £6,215 / 6.15% / N/A
2 / £41,588 / £42,410 / £822 / 1.98% / no
3 / £68,219 / £50,899 / -£17,320 / -25.39% / yes
4 / £20,122 / £18,608 / -£1,514 / -7.52% / no
5 / £181 / £181 / £0 / -0.03% / no
6 / £83,289.00 / £78,969 / -£4,320 / -5.19% / no
7 / £107,338 / £102,889 / -£4,449 / -4.14% / N/A
8 / £107,338 / £102,889 / -£4,449 / -4.14% / N/A
9 / £329,406 / £339,818 / £10,412 / 3.16% / no
10 / £1,519 / £1,474 / -£45 / -2.98% / N/A
LOCAL AUTHORITY NAME / WHITTINGTON & FISHERWICK PARISH COUNCIL
COUNTY / STAFFORDSHIRE

Explanations of significant varianceson the Accounting Statements

EXPALNATION REQUIRED FOR BOX 3

FIGURE IN 2015 COLUMN / £68,219
FIGURE IN 2016 COLUMN / £50,899
VARIENCE / -£17,320
INCREASE / REDUCTION
Sports facilities User Group Rents -decrease of use of 2nd junior pitch / £254
Pavilion - decrease In pavilion hire / £378
Agency Services -decrease as £500 due from Bromford housing - outstanding debt / £500
interest rates paid / £8
Miscellaneous - reduction due to sponsorship not received for parish magazine/ grant from County council for HS2 promotion/ war memorial refurbishment grant/ bench repair grant / £2,119
Allotment rent - decrease in plots let / £32
Grants- no earmarked grants received / £720
VAT main reduction due to extra VAT paid on play equipment zip wire the previous year. / £2,499
Transfer from Fair Fund - no payment paid / £0 / £0
Pensioners Party grants - additional grant received from County Council / £400
Walks Booklet - income from sale of Whittington Walks booklet reduced (saturation point) / £100
Earmarked fund - no insurancepay-out for zip wire/grant for finger post and interpretation boards in the current financial year / £6,185
Annual Summer Fair - increase in funds income at Summer Fair. / £1,018
Neighbourhood plan scheme - less grant received from Locality in 2015/16 / £5,358
COUNCIL TAX SUPPORT GRANT - stepped reduction in grant / £601
£1,426 / £18,746
TOTAL INCREASE IN INCOME / -£17,320
LOCAL AUTHORITY NAME / WHITTINGTON & FISHERWICK PARISH COUNCIL
COUNTY / STAFFORDSHIRE

Details of any earmarked or restricted reserves held by the Authority at 31 March 2016

Earmarked reserves are reserves set aside by the Authority for specific purposes or savings for future projects. Restricted reserves are reserves that can only be used for certain purposes, for example the proceeds of an asset sale or the unspent part of a specific grant.

EARMARKED FUNDS as at 31/3/16
RECREATIONAL AREAS – Repairs and replacement of equipment on Play areas / £5,094.90
Restricted reserve – WOODLAND Maintenance / £5,187.88
GRANTS (Network Rail gate pier's grant £250) / £250.00
CONTINGENCIES - ELECTION COSTS / £3,977.49
CONTINGENCIES - TREE WORK – Arboriculture woodland work required / £6,362.00
CONTINGENCIES - CAPITAL PROJECTS / £8,305.21
Pavilion – Repairs and Maintenance of fabric of the building / £5,555.76
Allotment – Grounds maintenance / £3,480.83
Youth Council – promoting youth services in the area. / £994.50
Pensioners Party – annual party for which the Council has received grants for care in the community. / £373.15
Walks Booklet – profit from sale of woodland booklet – to be re used for purchasing new stock / £130.30
NEIGHBOURHOOD PLAN – Grants received for completing a Plan / £4,513.33
SUB TOTAL / 44,225.35
LOCAL AUTHORITY NAME / WHITTINGTON & FISHERWICK PARISH COUNCIL
COUNTY / STAFFORDSHIRE

Un cleared payments into bank

£102 FOR ADDITIONAL WORK CARRIED OUT BY OUR GRASS MANINANCE CONTRACTOR.

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