Our financial year runs from 1 April to 31 March. We agree an annual budget in January each year and also decide how much the annual Precept* should be set at. We submit our annual accounts in the form of an Annual Governance and Accountability Return (AGAR) to the external auditor, PKF Littlejohn.
All the Councils finances and procedures are fully audited annually by an external party.
Year-ending 31 March 2021
*Parish Councils are empowered to raise money for their activities through a tax (the Precept) on the village residents which is collected on their behalf by the Borough Council, as an addition to the Borough and County Council Tax. This is then paid to the Parish Council.
Year-ending 31 March 2020
The Council Tax Precept
The precept is the Parish Council’s share of the council tax. The precept demand goes to the billing authority, Kings Lynn and West Norfolk Borough Council, which collects the tax for the Parish Council. The 'Precept' is converted into an amount per Council Tax Band that is added onto the Council Tax bill. Income and expenditure for the next financial year are calculated in the form of estimates.
Parish and town councils can apply for other funding such as grant and funding awards, but they do not receive funds direct from central government as principal authorities do.
Annual return documents relating to previous years can be obtained from the Clerk.