Serving the people of Moulton

Financial Information

On this page you will find information on the following categories:

  • Audits, Exercise of Public Rights & Annual Returns
  • Precept & Budgets
  • Financial Regulations & Risk Assessments
  • Assets
  • Community Infrastructure Levy (CIL) Reporting
  • Year to Date Performance vs Budget
  • Public Works Loan Board (PWLB) Loans
  • Charities

Audits, Exercise of Public Rights & Annual Returns

Audits

The annual audit process is a formal external assessment of the Council's spending for each financial year, along with internal control and management of its business, with the most recent being year ended 31st March 2022. The audit process commences after the end of the financial year.

It is a two step process with the first step being the Internal Audit which is performed by Northants CALC and takes place annually between March and June. The second and final step is via the External Audit, which is performed by PKF Littlejohn and takes place annually between June and September. The conclusion of audit is then published on the Parish Council website from September onwards.

All documentation pertaining to this (separated by each year) will be added to the Annual Return section below.

Exercise of Public Rights

Pursuant to the Accounts and Audit Regulations 2015, members of the public are able to request to review any documentation pertaining to the finances of the council and the audit process. The period for the Exercise of Public Rights for the year ended 31 March 2022 is Monday 13th June to Friday 22nd July 2022.

The official Notice of Public Rights - Year Ended 31st March 2022 is published below.

Annual Returns

Herewith are the documents relating to current and past Annual Returns, Summary of Electors Rights and Notice of Dates for Inspection.

The Annual Returns, as published, may be subject to change.

2021/2022

2020/2021

2019/2020

2018/2019

2017/2018

2016/2017

2015/2016

Precept & Budgets

The Precept is the element of your Council Tax that is paid to Moulton Parish Council.

Every year, the Parish Council draws up budgets and calculates how much money it needs for the next Financial Year. These are usually finalised at the December/January Full Council meeting and then submitted to West Northants Council (WNC). WNC then calculates the rate to be paid from 1st April of that year.

The budget was prepared by the Responsible Financial Officer (RFO), in conjunction with the Finance Committee.

The budget was approved by Full Council at the Full Council Meeting held on 11th January 2022, minute number 09/22(2).

The level of precept was subsequently approved by Full Council at the Full Council Meeting held on 11th January 2022, minute number 09/22(3).

Click on the Budget and Precept Report below for a full breakdown of the 2022/23 budget.

Financial Regulations & Risk Assessments

Assets

Local councils must maintain an asset register to ensure fixed assets are appropriately safeguarded. Once recorded on the Asset Register at acquisition cost, the value of assets must not change from year to year until disposal. Concepts of depreciation and impairment adjustments are not appropriate for local councils.

The Register is confirmed by the Council at the end of each financial year but is a working document over the following financial year, during which Council Officers will update and amend details as necessary.

The definition of fixed assets are property and equipment with a useful life of more than one year used by the Council to deliver its services.

A Fixed Asset Register has four main purposes:

A) It forms a basis for completion of box 9 in the 'Annual Return.'

B) It forms a basis for decisions on risk and insurance issues.

C) It provides information on the age and potential lifespan of certain items.

D) It provides assurance of the continued existence of Council's property.

Community Infrastructure Levy (CIL) Reporting

Amendments have been made to the 2010 Community Infrastructure Levy (CIL) Regulation that require the Unitary Authority to pass a proportion of CIL receipts collected from developments in their areas, directly to parish and town councils to be spent on infrastructure or anything else that is concerned with addressing the demands that development places on an area.

The West Northamptonshire Council will pass accumulated funds to the parish every 6 months, and the parish council will be required to report on receipts and expenditure each year.

The charging authorities (the Unitary Authority) have to pass on a proportion of CIL receipts to parish and town councils from developments that take place in their area. The Unitary Authority is required to pass 15% of CIL receipts to relevant Parish and Town Councils arising from developments in their areas. This rises to 25% in areas with an adopted Neighbourhood Development Plan.

Please see the reports below which outline the CIL payments Moulton Parish Council have received from West Northamptonshire Council (and formerly Daventry District Council) for the last few years.

Year to Date Performance vs Budget

Public Works Loan Board Loans

The Public Works Loan Board (PWLB) is a statutory body operating within the United Kingdom Debt Management Office, an Executive Agency of HM Treasury.

PWLB's function is to lend money from the National Loans Fund to local authorities, and to collect the repayments.

Moulton Parish Council currently have a number of loans with the Public Works Loan Board, which have enabled the council to purchase Crowfields Common Local Nature Reserve and build Moulton Community Centre.

The details of all the loans are documented in the attached, which will be updated every six months, as and when repayments are made and payment schedules are received from PWLB. Payments for each loan are made at half year intervals (May & November).

Charities

The Robert Eady Trust

Charity No: 1011584

Registered: 3rd June 1992

Weblink: Charity overview, THE ROBERT EADY TRUST - 1011584, Register of Charities - The Charity Commission

Charitable Objects: To provide for the advancement of public education by the provision of the exhibit and the collection.

Latest Minutes: THE ROBERT EADY TRUST (moultonnorthants-pc.gov.uk)

Moulton Village Hall

Charity No: 202776

Registered: 20th March 1962

Weblink: Charity overview, MOULTON VILLAGE HALL - 202776, Register of Charities - The Charity Commission

Charitable Objects: Provision and maintenance of a village hall for use by inhabitants of the area of benefit.

Latest Minutes: MOULTON VILLAGE HALL TRUST (moultonnorthants-pc.gov.uk)

Last updated: Mon, 28 Nov 2022 12:21