Stansted Mountfitchet Parish Council
Unaudited Financial Statements
For the year ended 31 March 2024
Stansted Mountfitchet Parish Council
Table of Contents
31 March 2024
Page
Table of Contents ……………………………………………………………………………………………………………………………………………. 2
Council lnformation ……………………………………………………………………………………………………………………………………….. 3
Statement of Accounting Policies ……………………………………………………………………………………………………………………. .4
Income and Expenditure Account ……………………………………………………………………………………………………………………. 6
Balance Sheet. ………………………………………………………………………………………………………………………………………………… 7
Notes to the Accounts ……………………………………………………………………………………………………………………………………… 8
I Interest and Investment Income ………………………………………………………………………………………………………………….. 8
2 Agency Work ……………………………………………………………………………………………………………………………………………. 8
3 Publicity ………………………………………………………………………………………………………………………………………………….. 8
4 General Power ofCompetence …………………………………………………………………………………………………………………… 8
5 Tenancies …………………………………………………………………………………………………………………………………………………. 9
6 Pensions ………………………………………………………………………………………………………………………………………………….. 9
7 Fixed Assets – Additions and Disposals ……………………………………………………………………………………………………….. 9
8 Fixed Assets …………………………………………………………………………………………………………………………………………… I 0
8 Fixed Assets (cont’d) ……………………………………………………………………………………………………………………………….. I I
9 Debtors ………………………………………………………………………………………………………………………………………………….. I I
I O Creditors and Accrued Expenses ……………………………………………………………………………………………………………… 11
11 Earmarked Reserves ………………………………………………………………………………………………………………………………. 12
12 Capital Commitments ……………………………………………………………………………………………………………………………. 12
13 Contingent Liabilities …………………………………………………………………………………………………………………………….. 12
Appendices …………………………………………………………………………………………………………………………………………………… 13
Page2
Stansted Mountfitchet Parish Council
Council Information
31 March 2024
( Information current at 22nd May 2024)
Chairman
Cllr M. M. Caton
Councillors
Cllr A. Khan (Vice Chair)
Cllr A. Barnes
Cllr G. Braeckman
Cllr S. Ghosh
Cllr A. Guney
Cllr J. Hogg
Cllr P. Jones
Cllr J. Kavanagh
Cllr A. Love
Cllr J.E. O’Brien
Cllr L. Prior
Cllr G. Sell
Cllr T. Van de Bilt
Clerk to the Council & R.F.O.
Mrs R. Clifford, CiLCA
Auditors
PKF Littlejohn LLP
SBA Team
I Westferry Circus
Canary Wharf
London
El44HD
Internal Auditors
Auditing Solutions Limited
Clackerbrook Farm
46 The Common
Bromham
Chippenham
Wiltshire
SNl5 2JJ
Page3
Auditors
Stansted Mountfitchet Parish Council
Statement of Accounting Policies
31 March 2024
The name and address of the External Auditors is provided for information only.
These Statements are not subject to audit and the External Auditors have no responsibility for them.
Accounting Convention
The accounts have been prepared in accordance with the Accounting Guidance Notes for Local Councils (the Guide)
issued by The Chat1ered Institute of Public Finance and Accountancy (CIPFA) as applicable to a medium sized council.
These accounts have been prepared having regard to the fundamental accounting concepts of: Going Concern,
Prudence, Accruals, Relevance, Consistency, Reliability, Comparability, Understandability and Materiality.
The accounts have been prepared under the historical cost convention.
Fixed Assets
All expenditure on the acquisition, creation or enhancement of fixed assets is reported in the notes to the accounts,
provided that the fixed asset yields benefits to the authority and the se1vices it provides for a period of more than one
year. Fixed assets are valued on the basis recommended by CIPFA. The year end values are stated on the following
basis:
land, operational properties and other operational assets are reported in notes to the accounts cost (where known) or
at insurance values current when first reported as approximating to the lower of net replacement cost and net
realisable value at that time (previously reported at current insurance values).
all other assets are included at historical cost except that certain community assets are the subject of restrictive
covenants as to their;use and/or future disposal. Such assets are therefore considered to have no appreciable
realisable value and are included at a nominal value only.
Revenue Grants
Revenue grants are credited to income when conditions attached thereto have been fulfilled and/or equivalent
expenditure has been incurred. Grants received in respect of which the conditions have not been fulfilled, or expenditure
incurred, are carried forward as deferred revenue grants.
Debtors and Creditors
The council reviews the level of its commercial debtors on a regular basis and provisions are made, as required, where
the likelihood of amounts proving ultimately collectable is in doubt.
Value Added Tax
Income and Expenditure excludes any amounts related to VAT, as all VAT suffered/collected is recoverable from or
payable to HM Revenue and Customs. Any amounts not so recoverable are treated as a separate expense.
Reserves
The council maintains certain rese1ves to meet general and specific future expenditure. The purpose of the council’s
reserves is explained in note 1 l.
Page4
Interest Income
Stansted Mountfitchet Parish Council
Statement of Accounting Policies
31 March 2024
All interest receipts are credited initially to general funds.
Pensions
The pension costs that are charged against precept in the council’s accounts, in respect of its employees, are equal to the
contributions paid to the funded pension scheme for those employees.
These contributions are determined by the fund’s actuary on a triennial basis and are set to meet l 00% of the liabilities
of the pension fund, in accordance with relevant government regulations.
The next actuarial valuation is due at 31 st March 2025 and any change in contribution rates as a result of that valuation
will take effect from I st April 2026.
Page 5
Stansted Mountfitchet Parish Council
INCOME
Precept on Principal Authority
Agency Services
Loans and Capital Receipts
Interest and Investment Income
Open Spaces
Allotments
Cemetery
Community Centres
Establishment/General Administration
Windmill
Donations Received
Grants
EXPENDITURE
Establishment/General Administration
Election Expenses
Capital Expenditure
Operational Expenditure:
Open Spaces
Allotments
Lighting
Community Centres
Christmas Lights
Windmill
Other Grants
Village Plan
General Fund
Balance at 01 April 2023
Add: Total Income
Deduct: Total Expenditure
Transfer (to) Earmarked Reserves
Income and Expenditure Account
31 March 2024
General Reserve Balance at 31 March 2024
Notes
2
7
11
The notes on pages 8 to 12 form part of these unaudited statements.
Page6
2024 2023
£ £
436,650 433,231
763 706
37,012 11,251
13,313 1,037
1,956 1,201
3,130 5,572
3,115 4,059
14,193 32,925
14,818 19,846
3,272 9,937
3,335 7,124
8,175 8,700
539,732 535,589
211,193 181,209
105
80,115 33,298
130,084 123,574
1,651 754
24,652 23,020
47,357 73,681
1,395
7,572 14,105
18,859 21,488
980
521,588 473,504
159,059 134,381
539,732 535,589
698,791 669,970
521,588 473,504
– —
177,203 196,466
(13,083) (37,407)
—
164,120 159,059
Stansted Mountfitchet Parish Council
Current Assets
Debtors and prepayments
Cash at bank and in hand
Current Liabilities
Creditors and income in advance
Net Current Assets
Total Assets Less Current Liabilities
Total Assets Less Liabilities
Capital and Reserves
Earmarked Reserves
General Reserve
Signed:
Date:
Cllr M. M. Caton
Chairman
Balance Sheet
31 March 2024
Notes 2024
£
2024
£
9 151,913
398,134
550,047
10 (35,047)
515,000
515,000
515,000
11 350,880
164,120
515,000
Mrs R. Clifford, CiLCA
Responsible Financial Officer
……l.. d …: . .l o. ..~….. 4
The notes on pages 8 to 12 form part of these unaudited statements.
Page 7
2023
£
132,168
401,533
533,701
(36,845)
496,856
496,856
496,856
337,797
159,059
496,856
1 Interest and Investment Income
Interest Income – General Funds
2 Agency Work
Stansted Mountfitchet Parish Council
Notes to the Accounts
31 March 2024
2024 2023
£ £
13,313
13,313
1,037
1,037
During the year the Council undertook the following agency work on behalf of other authorities:
Commissioning Authority and Nature of Work
Essex County Council – Grass Cutting
A final claim for reimbursement to 31 March 2024 has been made.
2024
£
During the year the Council commissioned no agency work to be performed by other authorities.
3 Publicity
763
763
2023
£
706
706
Section 5 of the Local Government Act I 986 requires the council to disclose expenditure on publicity. Details are
shown under the following broad categories:
2024 2023
£ £
Link Magazine 6,775 6,469
Website 390 240
7,!6? 6,70?
4 General Power of Competence
With effect from 28th May 2014 Stansted Mountfitchet Parish Council acquired the right to exercise the General Power
of Competence extended to Town and Parish Councils under the Localism Act 2011 by S.I. 2012 No 965 (The Parish
Councils (General Power of Competence) (Prescribed Conditions) Order 2012). Therefore, with effect from 28th May
2014 the council no longer exercises the powers conveyed by Section 137 of the Local Government Act 1972 (as
amended).
Page 8
Stansted Mountfitchet Parish Council
Notes to the Accounts
31 March 2024
5 Tenancies
During the year the following tenancies were held:
Council as landlord
Tenant
Tennis Club
Bowls Club
Various
Essex County Council
Council as tenant
Landlord
Battlement Trust
Gemmill Bros.
6 Pensions
Property
Tennis Court
Bowling Green (part)
Elms Farm Allotments
Library
Property
Play Area
Allotments
Rent p.a. Repairing/
£ Non-Repairing
1,000 Non-Repairing
Non-Repairing
3,130 Non-Repairing
10,000 Non-Repairing
Rent p.a. Repairing/
£ Non-Repairing
100 Repairing
Peppercorn Repairing
For the year of account the council’s contributions equal 24.80% of employees’ pensionable pay.
These contributions will remain at 24.80%, in future years, which will provide adequately for future liabilities.
7 Fixed Assets – Additions and Disposals
During the year the following assets were purchased:
Operational Land and Buildings
Vehicles and Equipment
Tnfrastrncture Assets
During the year the following assets were disposed of:
Vehicles and Equipment
Page 9
2024
£
Cost
5,770
12,185
62,160
80,115
Proceeds
2023
£
Cost
7,105
24,099
2,094
33,298
Proceeds
849
849
Stansted Mountfitchet Parish Council
Notes to the Accounts
8 Fixed Assets
At 31 March the following assets were held:
Freehold Land and Buildings
Crafton Green House Gardeners Shed & Car Park
Stansted Day and Community Centre
Crafton Green Community Centre Project
Vehicles and Equipment
Office Furniture and Equipment
Grounds Maintenance Equipment
Play Equipment Chapel Hill Ree Ground
Play Equipment Stoneyfield Drive Play Area
Play Equipment Bentfield Upper Green
Play Equipment FHP
CCTV Equipment
Radar Gun
Day Centre – Dishwasher
Day Centre – Audio Visual System
Flood Prevention Equipment
Crafton Green Community Centre Furniture
Sonic View Board
7 CCTV Cameras & 2 ANPR Cameras
Smartboard
Infrastructure Assets
Street Lighting
Noticeboards
Gates and Fences
Ornamental Fountain & Railings
Bus Shelters
Skate Park –
Hanging Baskets
Picnic Tables
Recreation Ground Lighting
Foresthall Park Footpath
Flower Troughs (7)
Litter & Dog Bins
Memorial Seats
MUGA
Tennis Courts & Garden
Flood Store Shed
Flood Defence System
31 March 2024
Page 10
2024
£
Value
I
5,771
1,265,460
2023
£
Value
1
I
1,265,460
—— —
1,271,232
58,748
9,055
105,647
69,728
63,137
31,300
1,232
856
1,769
2,113
7,471
11,953
1,616
1
I
364,627
210,697
1,111
3,287
I
3
170,000
3,060
7,381
13,968
9,981
7
8,653
31,500
1
4,449
1,685
2,554
—
468,338
1,265,462
58,748
9,055
105,647
69,728
63,137
19,115
1,232
856
1,769
2,113
7,471
11,953
1,616
I
I
352,442
155,539
1,111
3,287
1
3
170,000
3,060
7,381
13,968
9,981
7
8,653
31,500
1
l
1,685
406,178
8 Fixed Assets (cont’d)
Community Assets
Cemetery
Windmill Fields
Birchalls Open Spaces
Bentfield Gardens
Five Acres Open Spaces
Fire Tender
Oil Paintings
Civic Regalia
Lower Street Telephone Box
Magna Carta Embroidery (donated)
Foresthall Open spaces (19)
Foresthall Park Play Areas (5)
Recreation Ground
Allotments
Village Pond & Railings
Village Greens
Stansted Mountfitchet Parish Council
Notes to the Accounts
31 March 2024
The basis of valuation of the above assets is set out in the Statement of Accounting Policies.
9 Debtors
Trade Debtors
VAT Recoverable
Other Debtors
Accrued Interest Income
Capital Grant Debtors
to Creditors and Accrued Expenses
Trade Creditots
Accruals
Income in Advance
Page 11
2024 2023
I
I
I
2,550 2,550
3,060 3,060
3,060 3,060
I I
2,000 2,000
19 19
5 5
I
I
I
I
10,704 10,704
2,114,901 2,034,786
2024 2023
£ £
40,000 30,000
16,985 7,784
711 1,384
1,217
93,000 93,000
151913 132,168
2024 2023
£ £
19,983 2,894
15,048 33,934
16 17
35,047 36,845
11 Earma1·ked Reserves
Other Earmarked Reserves
Total Earmarked Reserves
Stansted Mountfitchet Parish Council
Notes to the Accounts
31 March 2024
Balance at Contribution Contribution
01/04/2023 to reserve from reserve
£ £ £
337,797 75,345 {62,262)
337,797 75,345 (62,262)
Balance at
31/03/2024
£
350,880
350,880
The Other Earmarked Reserves are credited with amounts set aside from revenue to fund specific known commitments
of the council.
The Other Earmarked Reserves at 31 March 2024 are set out in detail at Appendix A.
12 Capital Commitments
The council had no capital commitments at 31 March 2024 not otherwise provided for in these accounts.
13 Contingent Liabilities
The council is not aware of any contingent liabilities at the date of these accounts.
Page 12
Stansted Mountfitchet Parish Council
Schedule ofFarmarked Reserves
Climate O1ange
Town Twinning
Memorial Testing
Tree Surveys
Office Equip1nent
By-Election
Lighting Improvement
Stansted in Bloom
Play Equipment
Professional Fees
Christmas Lights
Day Centre
Lighting Tests
Cemete1y Extension
Trees
Youth Centre
Skateboarding Reserve
Flooding
Road Improvements
Brook Road Development
Youth Council
Litter & dog Bins
Firework Event
MUGA
Foresthall Park S106 Maint Fund
Foresthall Park Community Fund
Parish Grants
Total Earmarked Reserves
Appendices
31 March 2024
Balance at Contribution
01/04/2023 tQ reserve
£ £
5,000
1,824
3,000
5,000 1,000
1,492
12,293 2,500
17,248
495
1,670
3,361
3,967
33,245
11,967
15,200 10,000
0 2,845
13,275
2,000
4,377
8,500 1,000
6,437
4,000
750
5,000
1,000
75,991 33,000
100,000 25,000
705
337,797 75,345
Page 13
Contribution
from reserve
£
(3,500)
(8,146)
(6,564)
(4,135)
(3,222)
(560)
(36,135)
(62,262)
Balance at
31/03/2024
£
1,500
l,824
3,000
6,000
1,492
14,793
9,102
495
1,670
3,361
3,967
26,681
7,832
25,200
2,845
13,275
2,000
1,155
9,500
6,437
4,000
750
4,440
1,000
72,856
125,000
705
350,880
Date 12/06/2024 Stansted Mountfitchet Parish Council Page: 793
Time 09:58 Cashbook 1 User: RAC
Barclays Current Account For Month No: 12
Receipts for Month 12 Nominal Ledger Analysis
Recei(2t Ref Name of Payer £ Amnt Received £ Debtors £VAT A/c Centre £ Amount Transaction Detail
Balance Brought Fwd: 2,164.58 2,164.58
Banked 01/03/2024 320.48
Redwood Bank 320.48 1015 207 320.48 Investment Income
Banked 01/03/2024 1,500.00
Ruth Barclays Tracker Account 213 1,500.00 202 1,500.00 top up
Banked 01/03/2024 5,000.00
Ruth Barclays Tracker Account 213 5,000.00 202 5,000.00 top up
Banked 04/03/2024 297.86
Cambridge and Counties 297.86 1015 207 297.86 Investment Income
Banked 04/03/2024 521.02
CCLA 521.02 1015 207 521.02 Investment Income
Banked 08/03/2024 -159.00
Andrew Arnold -159.00 1001 102 -159.00 refund of fees
Banked 14/03/2024 2,112.00
Uttlesford DC 2,112.00 1062 207 2,112.00 balance of payment
Banked 15/03/2024 1,436.90
Ruth Allotments Bank Account 1,436.90 203 1,436.90 Allotment Officer
Banked 15/03/2024 1,600.75
Ruth Allotments Bank Account 1,600.75 203 1,600.75 costs repaid
Banked 18/03/2024 202.00
J Day and Son 202.00 1001 102 35.00 Honour inscription
1001 102 167.00 Stringer memorial
Banked 25/03/2024 10,000.00
Ruth Barclays Tracker Account 213 10,000.00 202 10,000.00 top up
Banked 26/03/2024 762.73
Essex County Council 762.73 1000 104 762. 73 Grass cutting
Banked 27/03/2024 722.70
various 722.70 1050 217 65.00 Xmas tree donation
1050 217 50.00 Rungis Remembrance donation
1031 218 128.00 Garden Club
1031 218 288.00 WI
1031 218 16.00 C Morris
1025 211 175.70 Twinning Quiz
Banked 28/03/2024 1,236.55
The Link 1,236.55 1050 217 1,236.55 settlement for year
Continued on Page 794
Date 12/06/2024
Time 09:58
Total Receipts for Month
Cashbook Totals
25,553.99
27,718.57
Stansted Mountfitchet Parish Council
Cashbook 1
Barclays Current Account
0,00 0.00
0.00 0.00
25,553.99
27,718.57
Page:794
User: RAC
For Month No: 12
Continued on Page 795