Finance

The Finance Committee monitors all Council income and expenditure and recommends a budget annually to Council. The Council raises the funds required to meet its budgeted costs through the precept (a mandatory demand) issued on North Somerset Council. Requested under council tax legislation, the precept covers the Council’s needs for the following financial year which, by law, runs from 1 April to the following 31 March. North Somerset Council collects the amount precepted as part of the council tax levied on tax payers in the parish.

At the Council meeting held 18 January 2023 it was agreed to request a precept of £127,500 for 2023/24. This is equivalent to £100.16 for a Band D property.  It should be noted that the remainder and majority of the council tax charge is levied by North Somerset Council and the Police and Fire authorities.

The Finance Committee also monitors internal and external auditing and related matters. Financial Regulations (PDF) govern the conduct of the financial transactions of the Council. The Responsible Financial Officer (RFO) is the Clerk to the Council, who is responsible for the administration of the Council’s financial affairs.

End of Year Report & Audit

The Council must complete an Annual Return summarising its activities at the end of the financial year.  The Annual Return incorporates Accounting statements, an Annual Governance statement, an Internal Audit report and, when completed, an External Auditor’s certificate.  The Annual Return for the financial year ended 31 March 2022 has been completed. For further information see:- the Notice of Public Rights and Publication of Unadutited Annual Governance & Accountability Return (including notes on the public’s legal rights), the Annual Governance Statement, the Accounting Statements, the Notice of Conclusion of Audit and the External Auditor’s Report & Certificate.

As is required by The Accounts & Audit regulations 2015, and The Local Audit & Accountability Act 2014, the Annual Returns for the last five years are available below (in PDF format). The audited accounts are available for inspection in the office.

Grants

Wrington Parish Council is able to offer limited grant funding to organisations working for the benefit of the community within the parish of Wrington.  Grants are provided from council tax payments and, therefore, the Council has a responsibility to ensure that any funding offered will benefit the local community.  If you would like to apply for a grant please download the grant application form.  If you would like any further information on grants and how to apply please contact us.