Millom Town Council
Accounting Statements
Section 2 — Accounting Statements 2020/21 for 31 March 2021
Notes and guidance
Please round all figures to nearest £1. Do not leave any boxes blank and report £0 or Nil balances. All figures must agree to underlying financial records:
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1. Balances brought forward 106,381 | 117,562
Total balances and reserves at the beginning of the year as recorded in the financial records. Value must agree to Box 7 of previous year.
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2. (+) Precept or Rates and Levies 205,035 | 138,080
Total amount of precept (or for IDBs rates and levies) received or receivable in the year. Exclude any grants received.
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3. (+) Total other receipts 51,192 | 26,973
Total income or receipts as recorded in the cashbook less the precept or rates/levies received (line 2). Include any grants received.
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4. (-) Staff costs 31,317 | 37,276
Total expenditure or payments made to and on behalf of all employees. Include gross salaries and wages, employer’s NI contributions, employer’s pension contributions, gratuities and severance payments.
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5. (-) Loan interest/capital repayments 0 — 0
Total expenditure or payments of capital and interest made during the year on the authority’s borrowings (if any).
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6. (-) All other payments 120,681 | 344,511
Total expenditure or payments as recorded in the cashbook less staff costs (line 4) and loan interest/capital repayments (line 5).
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7. (=) Balances carried forward 117,562 | 123,526
Total balances and reserves at the end of the year. Must equal (1+2+3) – (4+5+6).
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8. Total value of cash and short term investments 117,562 | 123,526
The sum of all current and deposit bank accounts, cash holdings and short term investments held as at 31 March — To agree with bank reconciliation.
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9. Total fixed assets plus long term investments and assets 355,830 | 343,507
The value of all the property the authority owns — it is made up of all its fixed assets and long term investments as at 31 March.
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10. Total borrowings
The outstanding capital balance as at 31 March of all loans from third parties (including PWLB).
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11. (For Local Councils Only) Disclosure note re Trust funds (including charitable)
The Council, as a body corporate, acts as sole trustee for and is responsible for managing Trust funds or assets.
N.B. The figures in the accounting statements above do not include any Trust transactions.
I certify that for the year ended 31 March 2021 the Accounting Statements in this Annual Governance and Accountability Return have been prepared on either a receipts and payments or income and expenditure basis following the guidance in Governance and Accountability for Smaller Authorities — a Practitioners’ Guide to Proper Practices and present fairly the financial position of this authority.
Signed by Responsible Financial Officer before being presented to the authority for approval
V3 Bcettay
Date: 01/05/24
I confirm that these Accounting Statements were approved by this authority on this date:
07/07/21
as recorded in minute reference: C43bi2
Signed by Chairman of the meeting where the Accounting Statements were approved
Annual Governance and Accountability Return 2020/21 Part 3 Page 5 of 6
Local Councils, Internal Drainage Boards and other Smaller Authorities*
