Finance

Our finances fall into two areas: day-to-day operational income and expenditure, and income that we can spend on special projects or one-off costs.

 

Our main source of operational income is through what is known as the “Precept”.  This is the part of the Council Tax that all householders pay, which is allocated to the local Parish Council.  It’s separately identified on your annual Council Tax bill.  Our total Precept for the 2026/2027 financial year is £7,000.  We also get credits for our recycling (so keep using the recycling facilities – currently at Stonham Barns – as this provides income for the Parish), plus the interest we earn on our funds in the bank.  Occasionally, we may also get some small one-off grants.

In terms of operational expenses, these fall into three principal areas:

• The cost of our Parish Clerk, who is employed on a part-time basis by the Parish Council,
• The maintenance of some local infrastructure such as the Recreation Ground, and grass cutting and bin emptying by the District Council, and
• Various statutory costs such as insurance, auditors, subscriptions to external organisations, and training.