Financial information

Wem Rural Parish Council aims to give value for money as it raises and spends money for the benefit of the local community.  It makes it clear where the money goes and is accountable for sound financial management.

Parish Councils that spends taxpayers’ money has a duty to do so lawfully and must be confident that whenever it spends any money

  • it has the legal power (it is not acting beyond its powers)
  • it follows lawful procedures
  • it does not take unnecessary risks
  • transactions are transparent
  • councillors conform to standards in public decision making.

There is legislation that provides a detailed framework that Parish Councils must follow.  Parish Councils must take responsibility for

  • appointing an appropriate officer to manage its finances
  • following lawful and proper financial procedures
  • deciding how much precept (the amount of money Shropshire Council collects on behalf of the Parish Council) to ask for from the council tax
  • establishing sound internal control (audit) systems
  • setting up its own financial regulations
  • formally accepting the end of year accounts
  • submitting what is required to the external auditor
  • publishing the accounts and the results of audit

 

Community Led Housing Grant Scheme January 2016

Wem Rural Parish Council was successful in being awarded a grant of £69,000 from Shropshire Council for participation in the Community Led Housing Scheme at Round Meadow, Wem. Although not funded by the Community Infrastructure Levy (CIL), Shropshire Council has stipulated the grant must be used for projects which meet the criteria of the Neighbourhood Fund element of CIL.  The grant must be utilised within 5 years (July 2020).

Wem Rural Parish Council will use the grant within the set criteria and statutory powers. In addition, the Council will award grants, specifically for capital expenditure projects, to voluntary organisations and community groups, which in the opinion of the Council is in the interests of the Parish of Wem Rural and / or its residents and will benefit them in a manner commensurate with the expenditure.

All applications will be considered on their individual merits. The final decision on assessment of applications and the level of any grant offered lies with Wem Rural Parish Council and in most cases grants will be awarded on a ‘match funding basis’.

Full details of the Scheme can be found through this link.

If you are interested in making an application under this Scheme please contact the Clerk.

 

Annual Community Grant Scheme

The Council is committed to supporting local community groups and where possible, financially.  The Council invites applications on an annual basis with deadlines published in the Rural Review.

Full details of the Scheme can be found through this link.

If you are interested in making an application under this Scheme please contact the Clerk.

 

Monitoring and control

At every Council meeting the Budget is monitored and explanations for any amounts under or over expenditure are discussed.  Also, expenditure can only be approved at full Council meetings.  The Council’s finances are audited annually both internally (an independent official nominated by the Council) and externally (by auditors appointed by the Government’s Audit Commission).

 

Financial Year ending 31 March 2018

Budget 2017/2018

Financial Year ending 31 March 2017

Notice of Conclusion of Audit 

External Auditors Certificate and Report – if you wish to inspect the original document please contact the Clerk

Audit Notice 2017

Summary of Electors Rights

Governance Statement  – if you wish to inspect the original document please contact the Clerk

Accounting Statement – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of significant variances

Payments made

Internal Audit Report

Budget 2016/2017

Asset Register

Financial Year ending 31 March 2016

Notice of Conclusion of Audit

External Auditor Certificate and Report  – if you wish to inspect the original document please contact the Clerk

Audit Notice 2016

Summary of Electors Rights

Governance Statement  – if you wish to inspect the original document please contact the Clerk

Accounting Statement   – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of significant variances

Payments made

Internal Audit Report

Budget 2015/2016

Asset Register

Financial Year ending 31 March 2015

Audit Notice 2015

Accounting Statement – if you wish to inspect the original document please contact the Clerk

Governance Statement – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of significant variances

Payments made No 1 account

Payments made No 2 account

External Audit Report – if you wish to inspect the original document please contact the Clerk

Internal Audit Report

Budget 2014/2015

Asset Register 2015

Financial Year ended 31 March 2014

Annual Return 2014 – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of significant variances

Payments made No 1 account

Payments made No 2 account

Internal Audit Report

Asset Register 2014

 Financial Year ended 31 March 2013

Annual Return 2013

 

The following document details the Grants given and received

Grants Awarded & Received

 

The following documents have been approved by the Parish Council

Financial Regulations May 2017

Statement of Internal Control 2017

Risk Management Scheme 2017

Community Grant Policy September 2017