Bearpark Parish Council
End of Year Accounts, Annual Governance Statement and Internal Audit Report
The Parish Council must publish their end of year accounts which are approved and signed by the Responsible Financial Officer and the Chairman of the meeting approving the statement of accounts. The statement of accounts is accompanied by a copy of the bank reconciliation for the relevant financial year, an explanation of any significant variances (e.g. more than 10-15 percent, in line with proper practices) in the statement of accounts for the relevant year and previous year, and an explanation of any differences between ‘balances carried forward’ and ‘total cash and short term investments’, if applicable.
The Parish Council must also publish its Annual Governance Statement and Internal Audit report. If the governance statement or internal audit report contains any negative responses, these should be explained fully, including how any weaknesses will be addressed.
Financial Year 2017/18
(1) Bearpark Parish Council has moved from an income and expenditure accounting method to a receipts and payment based method of accounting and restated its 2016/17 accounts to reflect the change made for the 2017/18 accounts.
Previous Financial Years
Items of expenditure above £100
The Parish Council must publish, annually by no later than 1 July, in the year immediately following the accounting year to which it relates, in accordance with the 'Transparency Code for Smaller Authorities'.
The following information must be published for each individual item of expenditure:
- date the expenditure was incurred,
- summary of the purpose of the expenditure,
- amount, and
- Value Added Tax that cannot be recovered.