COTGRAVE TOWN COUNCIL

Local Councils in England

Annual Return

For the year ended 31^st March 2008

COTGRAVE TOWN COUNCIL

Section 1 – The Statement of Accounts

	Year ending		Notes and Guidance for Compilers
	31^st March 2007 £	31^st March 2008 £	Please round all figures to nearest £. Do not leave any boxes blank and report £0 or Nil Balances. All figures must agree to the council's underlying financial records for the relevant year.
1. Balances brought forward	209,642	245,570	Total balances and reserves at the beginning of the year as recorded in the council’s financial records.
2. (+) Annual precept	210,589	222,861	Total amount of precept received this year.
3. (+) Total other receipts	116,909	140,186	Total income or receipts as recorded in the cashbook minus the precept. Includes support, discretionary and revenue grants.
4. (-) staff Costs	89,149	89,925	Total expenditure or payments made to and on behalf of all council employees, include salaries and wages, PAYE and NI (employees and employers) pension contributions and related expenses.
5. (-) Loan interest/capital repayments	0	0	Total expenditure or payments of capital and interest made during the year on the council’s borrowings (if any).
6. (-) total other payments	202,151	278,060	Total expenditure or payments as recorded in the cashbook minus staff costs (line 4) and loan interest/capital repayments (line 5)
7. (=) Balances carried forward	245,570	240,632	Total balances and reserves at the end of the year. (Must equal (1+2+3) – (4+5+6))
8. Total cash & investments	249,148	219,597	The sum of all current and deposit bank accounts, cash holdings and investments held as 31^st March – to agree with bank reconciliation.
9. Total foxed assets and long term assets	1,259,644	1,259,488	The recorded current book value at 31^st March of all fixed assets owned by the council and any other long term assets eg loans to third parties.
10. Total borrowings	0	0	The outstanding capital balance as at 31^st March of all loans from third parties (including PWLB).
Trust Funds disclosure note	No	No	The Council acts as sole trustee for and is responsible for managing (a) trust fund(s)/assets. (Readers should note that the figures above do not include any trust transactions.

I certify that the statement of accounts contained in this annual return presents fairly the financial position of the council and its income and expenditure, or properly presents receipts and payments, as the case may be, for the year ended 31^st March 2006.	I confirm that these accounts were approved by the Council and recorded as council minute reference : 926. Date: 14th June 2008
Signed by Responsible Financial Officer:	Signed by Chair of meeting approving council’s accounts:
Date: 7th August 2008	Date: 10th August 2008

SECTION 3 – External auditor’s certificate and opinion

Certificate

We certify that we have completed the audit of the annual return of Cotgrave Town Council for the year ended 31^st March 2008

Respective responsibilities of the council and the auditor

The Council is responsible for the preparation of the accounts in accordance with the requirements of the Accounts and Audit Regulations and for the preparation of an annual return which:

Summarises the council’s accounting records for the year ended 31^st March 2005; and

Confirms and provides assurance on those matters that are important to our audit responsibilities.

Our responsibility is to conduct an audit in accordance with guidance issued by the Audit Commission and, on the basis of our review of the annual return and supporting information, to report whether any matters that come to our attention give cause for concern that relevant legislation and regulatory requirements have not been met.

External auditor’s report

On the basis of our review, in our opinion the information contained in the annual return is in accordance with the Audit Commissioner’s requirements and no matters have come to our attention giving cause for concern that relevant legislation and regulatory requirements have not been met.

Other matters not affecting our opinion which we wish to draw to the attention of the council/meeting:

External auditor’s signature :

External auditor’s name : Clement Keys Date:

Note: The auditor signing this page has been appointed by the Audit Commission and is reporting to you that they have carried out and completed all the work that is required of them by law. For further information please refer to the Audit Commission’s publication entitled Statement of Responsibilities of Local Councils and their Auditors.