Thurston

mobile menu button
Home > Parish Council > Finances

Finances

As part of the Parish Council's commitment to openness and transparency, the following financial documents can be viewed on this page:

Thurston's Financial Regulations

For a summary of the Budget for the Three Years from 2017-2019 please click here

In accordance with The Local Audit and Accountability Act 2014 and the Accounts and Audit Regulations 2015 the accounting records for the financial year ending 31 March 2018, (which includes all books, deeds, contracts, bills, vouchers, receipts and other documents relating to those records) will be made available for inspection by any person interested, during a period of 30 working days set by the smaller authority and including the first 10 working days of July. The period set by the Responsible Financial Officer for Thurston for inspection for this year covers the period 4 June to 13 July 2018 inclusive.

To view further details on the dates of the period for the exercise of public rights including information on Local Authority Accounts: A Summary of Your Rights please click here to view the file. For the detailed guide produced by the National Audit Office 'Local authority accounts: a guide to your rights' please click here to download the guide.

EXTERNAL AUDIT

Every smaller authority in England that either received gross income or incurred gross expenditure exceeding £25,000 must complete Part 3 of the Annual Governance and Accountability Return (AGAR) at the end of each financial year in accordance with Proper Practices. The Annual Governance and Accountability Return is made up of three parts, pages 3 to 6:

• The annual internal audit report is completed by the authority’s internal auditor.
• Sections 1 and 2 are to be completed and approved by the authority.
• Section 3 is completed by the external auditor and will be returned to the authority.

An authority, such as Thurston Parish Council,  with either gross income or gross expenditure exceeding £25,000; or an authority with neither income nor expenditure exceeding £25,000, but which is unable to certify itself as exempt, or requesting a limited assurance review, must send to the appointed external auditor:

• the Annual Governance and Accountability Return Sections 1, 2 and 3, together with
• a bank reconciliation as at 31 March 2018
• an explanation of any significant year on year variances in the accounting statements
• your notification of the commencement date of the period for the exercise of public rights
• Annual Internal Audit Report 2017/18

Once the external auditor has completed and is able to give an opinion on the limited assurance review, the Annual Governance and Accountability Return including Section 3 – External Auditor Report and Certificate will be returned to the authority.

For the Accounts relating to 2017 -2018 including those items listed above, please view the relevant documents as listed below:

Annual Internal Audit Report from the AGAR Annual Governance Statement from the AGAR
 Unaudited Accounting Statements from the AGAR  Variances for the year on year 2017 / 2018
Statement of Accounts for 2017 - 2018 Asset Register as at 31 March 2018
 Reserve Position as at 31 March 2018  Annual Internal Audit Report for 2017-2018
 Year End Bank Reconciliation - 31 March 2018 Donations for year ending 31 March 2018
Internal Control Review - February 2018 Internal Control Review - November 2017
Internal Control Review - June 2017 Finalised budget for 2017 -2018

 

In accordance with "Governance and Accountability for Local Councils - a Practitioner's Guide", and in conjunction with the Council's Standing Order 17, each quarter the Parish Council receives a report which contains a comparison between the budget for the financial year, expenditure incurred to date along with any actual or potential overspends.This will allow the council to understand how its spending plans are proceeding and whether there will be any need to amend its expenditure plans.

 

Budget versus Actual Expenditure Year End 2018 Budget versus Actual Expenditure for December 2017
Budget versus Actual Expenditure for September 2017 Budget versus Actual Expenditure for June 2017

 

 

The audit on the accounts for the year ending 31 March 2017 has now been completed by the external auditors BDO LLP. There were no matters which came to their attention which required the issuing of a separate additional issues arising report. The audited annual return was presented to the Parish Council at its meeting on 6th September 2017 and a copy can be seen below along with the Notice of Conclusion of Audit. 

For the Accounts relating to 2016 - 2017 please view the relevant documents as listed below

Audited Accounts for 2016 -2017 Notice of Conclusion of Audit
Notes to the Audited Accounts 2016-2017 Statements of Accounts for 2016-2017
Notes to the Accounts for 2016-2017 Significant Variances for 2016-2017
Asset Register for year ending 31 March 2017 Reserve Register for year ending 31 March 2017
Internal Audit Report for year ending 31 March 2017 Bank Reconciliation for 31 March 2017
Donations for Year ending 31 March 2017 Budget to Actual for Quarter Ending 31 December 2016
Budget to Actual for Quarter Ending 30 September 2016 Budget to Actual for Quarter Ending 30 June 2016
 Finalised Budget for 2016-2017  

For the accounts relating to 2015-2016 please navigate to each document by means of the links below:

Audited Annual Return for 2015-2016 Notice of Conclusion of Audit for 2015-2016

Budget for 2015-2016
Statement of Accounts for 2015-2016 Significant Variances to the Accounts for 2015-2016
Bank Reconciliation for 31 March 2016 Internal Audit Report for 2015-2016
Donations for year ending 31 March 2016 Financial Risk Assessment (Management) Report for 2015-2016

Whilst Thurston Parish Council is not subject to the Local Government Transparency Code 2014 it has decided, in light of it's commitment to openness and transparency, to make public details of spending on all goods and services that fall above a £500 threshold available for the public to view.

Navigate to each document by means of the links below:

Expenditure totalling £500 or more for the period ending 31.03.18 Expenditure totalling £500 or more for the period ending 31.12.17
Expenditure totalling £500 or more for the period ending 30.09.17 Expenditure totalling £500 or more for the period ending 30.06.17
Expenditure totalling £500 or more for the period ending 31.03.17 Expenditure totalling £500 or more for the period ending 31.12.16
Expenditure totalling £500 or more for the period ending 30.09.16 Expenditure totalling £500 or more for the period ending 30.06.16