Transparency code for smaller authorities 2015.
This transparency code affects parish councils with an annual turnover not exceeding £25,000. July 2015 was the date for publication of the first annual set of data.
It is the Government’s desire to place more power into citizens’ hands to increase democratic accountability and to hold local public bodies to account. Under the new framework smaller authorities, including parish councils with an annual turnover not exceeding £25,000, will be exempt from routine external audit from 2016/17. Turnover is defined as the higher of an authority’s gross income for the year and its gross expenditure for the year. In place of routine audit, these smaller authorities must comply with new transparency requirements as laid out in the Transparency Code. This will enable local electors and ratepayers to access relevant information about the authorities’ accounts and governance.
Parish Councils with a turnover below £250K may use ‘receipts and payments’ bookkeeping, as opposed to ‘income and expenditure’ accounting.
You may send any query about the accounts to the Clerk who is the Responsible Financial Officer.
Financial Year 2016/17
Financial Year 2015/16
NOTICE of Period for the Exercise of Public Rights, in accordance with the Accounts and Audit Regulations 2015 and Local Audit and Accountability Act 2014.
Annual Return – audited – including the bank reconciliation and explanation of significant variances.
Financial Year 2014/15
14/15 Annual Return, which includes the end of year accounts with the annual governance statement, internal audit report, and also the bank reconciliation and explanation of significant variances.