Cpltd Explanation-of-Variances-2023-24

Source page 1

Explanation of variances – pro forma
Name of smaller authority:

Bradford On Tone parish Council

County area (local councils and parish
meetings only):
Somerset

Insert figures from Section 2 of the AGAR in all Blue highlighted boxes
Next, please provide full explanations, including numerical values, for the following that will be flagged in
the green boxes where relevant:
• variances of more than 15% between totals for individual boxes (except variances of less than £200);
• New from 2020/21 onwards: variances of £100,000 or more require explanation regardless of the % variation year
on year;

Explanation Automatic responses trigger below based on figures
Required? input, DO NOT OVERWRITE THESE BOXES

2022/23
£

2023/24 Variance Variance
£
£
%

12,652

22,777

2 Precept or Rates and Levies

10,000

10,500

500

5.00%

NO

3 Total Other Receipts

6,766

630

-6,136

90.69%

YES

2022/23 receipts included £6,202 VAT refund

4 Staff Costs

2,397

3,787

1,390

57.99%

YES

for 7 months of 22/23 there was not a salaried Parish Clerk

0

0

0

0.00%

NO

4,244

1,452

-2,792

65.79%

YES

7 Balances Carried Forward

22,777

28,668

VARIANCE EXPLANATION NOT REQUIRED

8 Total Cash and Short Term Investments

22,777

28,670

VARIANCE EXPLANATION NOT REQUIRED

9 Total Fixed Assets plus Other Long Term Investments and Assets
34,506

34,956

450

1.30%

NO

0

0

0.00%

NO

1 Balances Brought Forward

5 Loan Interest/Capital Repayment
6 All Other Payments

10 Total Borrowings

0

Rounding errors of up to £2 are tolerable
Variances of £200 or less are tolerable

Explanation from smaller authority (must include narrative and supporting figures)

Explanation of % variance from PY opening balance not
required - Balance brought forward agrees

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