MILLOM TOWN COUNCIL
Section 2 — Accounting Statements 2024/25
Year ending 31 March 2025
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.
- 1. Balances brought forward: 142,148 | 288,923
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.
- 2. (+) Precept or Rates and Levies: 161,424 | 172,669
Total amount of precept (or for IDBs rates and levies) received or receivable in the year. Exclude any grants received.
- 3. (+) Total other receipts: 283,125 | 335,816
Total income or receipts as recorded in the cashbook less the precept or rates/levies received (line 2). Include any grants received.
- 4. (-) Staff costs: 82,267 | 74,795
Total expenditure or payments made to and on behalf of all employees. Include gross salaries and wages, employers NI contributions, employers pension contributions, gratuities and severance payments.
- 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).
- 6. (-) All other payments: 215,507 | 504,156
Total expenditure or payments as recorded in the cashbook less staff costs (line 4) and loan interest/capital repayments (line 5).
- 7. (=) Balances carried forward: 288,923 | 218,457
Total balances and reserves at the end of the year. Must equal (1+2+3) – (4+5+6).
- 8. Total value of cash and short term investments: 288,923 | 218,457
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.
- 9. Total fixed assets plus long term investments and assets: 698,159 | 750,250
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.
- 10. Total borrowings: 0 | 0
The outstanding capital balance as at 31 March of all loans from third parties (including PWLB).
For Local Councils Only
- 11a. Disclosure note re Trust funds (including charitable): ✔
The Council, as a body corporate, acts as sole trustee and is responsible for managing Trust funds or assets.
- 11b. Disclosure note re Trust funds (including charitable): ✔
The figures in the accounting statements above exclude any Trust transactions.
I certify that for the year ended 31 March 2025 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
Oleplr
Date: 2 |5 |22s
I confirm that these Accounting Statements were approved by this authority on this date:
25[os]2025
As recorded in minute reference:
026(25 – e
Signed by Chair of the meeting where the Accounting Statements were approved
Annual Governance and Accountability Return 2024/25 Form 3 Page 5 of 6
Local Councils, Internal Drainage Boards and other Smaller Authorities*
