Assets

As per Assets Register

During the year the following asset were sold

	£
Ford New Holland Tractor	1,100
Etesia Mower	400
Compact Tractor	7,612
Victa Lawnsman	55
	--------
Total	9,167

Borrowings

At the close of business on 31st March 2006 the following loan to the Council was outstanding:

Lender

Public Works Loan Board £15,000

The loan is repayable in six-monthly equal capital instalments until 2nd November 2008

See appendix A

Leases

At the 31st March 2006 there were no finance leases in operation.

Debts Outstanding

Sales Ledger

At 31st March 2006 outstanding debts due to the Council were: £ 10,259.23

Total number of invoices 10, with two debts over 1 month old.

See appendix B

Bank Interest outstanding £ 21,036.44

See appendix C £ 31,295.67

S.137 Payments

Section 137 of the Local Government Act 1972 enables Town Councils to spend up to the product of £5.30 per head of electorate for the benefit of people in the area on activities or projects not specifically authorised by other powers.

The limit for this council in the year ended 31st March 2006 was £ 37,820.80

and payments made were: See appendix D £ 9,500.00

Agency Work

NDDC Ground Maintenance £ 4047.12

£ 4047.12

Advertising and Publicity

The following costs were incurred during the year:

Public Notices £ 118.99

Recruitment £ 2348.61

Other £ 80.00

See appendix E £ 2547.60

Gross Budgeted Income

Precept £ 360,000

Other £ 56,108

Total £ 416,108

Reserves

Net movement for the year ending 31st March 2006 £ 9,824.21

See appendix F

Superannuation

For the year ended 31 March 2006 the Council's contributions equal 315 % of employees' pension contributions.

Employee’s contributions equal:

6% Clerical employees/New employees

5% Manual employees (Pre 2000)

Contingent Liabilities

There were no contingent liabilities at 31st March 2006

Capital Commitments

The Council had entered into commitments totalling £ 29247.02 for work leading to the building of a Community facility at Badbury Heights See Appendix G

Creditors and Accrued Expenses

At the 31st March 2006 creditors

Purchase Ledger See Appendix H £ 3,672.23

PAYE /Pension Contributions £ 8,900.40

Accruals £ 11,759.65

See Appendix I

Tenancies

During the year the following tenancies were held:

Council as Landlord

Nil

Council as Tenant

See Appendix J

The accounts and supporting statement for 2005/2006 have been agreed by Full Town Council at the meeting on 3^rd July 2006

Signed....................................................... .................................................

Chairman Responsible Finance Officer

Date ........................................................ Min...........................................