Financial Information
Financial Regulations
Financial Regulations (PDF, 236 Kb)
Welford Parish Council Budget 2020/2021
The following budget was prepared by the Clerk/RFO and was approved by full Council in January 2020 for the financial year commencing 1st April 2020.
Welford Parish Council approved budget 2020 - 21 (PDF, 51 Kb)
Budget for 2020-21 as agreed by Councillors January 2020
Welford Parish Council Internal Control Checks
Risk Assessment and Internal Control Policy 2020 (PDF, 77 Kb)
How we manage finances and assets
Asset Register
Welford Parish Council Asset Register 2020 (Excel Spreadsheet, 16 Kb)
All assets held by the Parish Council and their purchase price
Contracts
Welford Parish Council hold contracts for grass cutting during this financial year as follows:
Grass Cutting 2020
The contract for Grass Cutting is held with R & G Grounds Maintenance for the 2020 grass cutting season and is the second year of a three year contract.
The Contract value is for £9k which consists of 15 cuts during the grass cutting season of all open spaces within the Parish Council's remit. There will also be two leaf blowing collections in autumn.
Urban Highway Grass Mowing 2020
Welford Parish Council receive an annual agency grant of £520 towards grass cutting costs of the A5199 Northampton Road within the Parish Council's jurisdiction, on behalf of Northamptonshire County Council.
Welford Parish Council Audit
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 2019. The next audit process will commence on 1st April 2020 for year ending 31st March 2020.
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.
The audit process for year ended 31st March 2019 has now concluded. All documentation pertaining to this is below for your review and download should you wish, under the Annual Audit Archive folder.
All documentation for year ending 31st March 2020 will be uploaded from April 2020 onwards (subject to any delays as a result of the Coronavirus restrictions). Please check back for updates in the coming months.
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 official Notice of Public Rights will be uploaded during April/May, with pages 2 and 3 outlining the audit process and the public's rights to view documentation at the appropriate time.
All documents pertaining to the 2020 audit process, for year ending 31st March 2020, will be uploaded between 1st April and 30th May. Please check back in the coming months for updates.
This is the Parish Council's most up to date and comprehensive list of all of its assets and community 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.
Welford Parish Council Audit 2019/20
Internal Audit Report 2019-20 (PDF, 104 Kb)
Internal Audit report 2019/20
2019/20 External Auditor report and certificate (PDF, 160 Kb)
Annual Audit by external auditor
Annual return 2019-20 (PDF, 4.4 Mb)
Annual return 2019/20
2019/20 Notice of conclusion of audit (PDF, 461 Kb)
Notice of conclusion of external audit
Notice of Public Rights and publication of unaudited accounts 2019-20 (PDF, 214 Kb)
Public rights 2019/20
Welford Parish Council Audit 2018/19
2019 Internal Audit report (PDF, 156 Kb)
Audit undertaken by an auditor appointed by NCALC
Annual Audit by External Auditor (PDF, 169 Kb)
Review of accounts by PKF Littlejohn
Annual Return 2018/19 (PDF, 3 Mb)
Audit using selctive assessment of controls and procedures
Notice of conclusion of Conclusion of External Audit March 2019 (PDF, 418 Kb)
The audit of accounts to March 2019 have been concluded
Public Rights (PDF, 131 Kb)
Access by the public to inspect finance records