ANNUAL RETURN
FOR THE YEAR ENDED 31 MARCH 2024
Ryde Town Council
SECTION 2 - THE STATEMENT OF ACCOUNTS
I certify that the accounts contained in this return present fairly the financial position of the council, are consistant with the underlying financial records and have been prepared on the basis of Income and Expenditure.
Responsible Financial Officer Date
I confirm that these accounts are approved by the
Council and recorded as council minute reference Dated
Signed on behalf of the above Council (Chair) Date
Last Year £ This Year £ General Notes for Guidance
1 Balances brought 603,969 656,643 Total balances and reserves at the beginning of the year as recorded forward in the financial records. Value must agree to Box 7 of the previous
year.
2
(+) Precept or Rates and Levies
1,258,270
1,384,098
Total amount of precept (or for IDBs rates and levies) received or receivable in the year. Exclude any grants received.
3
(+) Total other receipts
443,471
576,965
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
635,438
632,042
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
17,897
32,267
Total expenditure or payments of capital and interest made during the year on the authority’s borrowings (if any).
6
(-) All other payments
995,732
1,406,929
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
656,643
546,468
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
694,573
412,204
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
606,960
706,986
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
643,096
627,163
The outstanding capital balance as at 31 March of all loans from third parties (including PWLB).
The following documents should accompany the accounts when submitted to the auditor:
A brief explanation of significant variations from last year to this year in Section 2;
Bank Reconciliation as at 31 March