MPC(23)55.04 Finance Report

Agendas & PapersFull Council Uploaded on May 9, 2023


Management Accounts – Financial and Budget Report – 1st to 30th April 2023

This report should be read in conjunction with the reports MPC(23)55.04a-g:

  1. Payment Transactions – 01/04/2023 to 30/04/2023
  2. Receipt Transactions – 01/04/2023 to 30/04/2023
  3. Bank Reconciliation Report
  4. EMR Summary Report
  5. Precept/General Reserve Summary Report
  6. Reserves Balance
  7. Balance Sheet


Income for April was £68,429.93, which includes the first Precept instalment of £58,630.50 and a CIL receipt of £6,458.07. The remaining income was a mix of rent, fete donations and Pavilion income. Expenditure was £ 13,354.01 and of this £2,591.38 has been paid out of Earmarked Reserves. The two summary reports (MPC(23)55.04d and e) give a detailed breakdown of the receipts and payments against the agreed budget.

In terms of cash resources as at 30th April 2023, cash in the Council’s bank accounts totalled £296,368.57 made up as follows:

  • Lloyds Instant Savings Account £ 174,378.66
  • Ipswich Building Society Deposit Account £ 102,027.17
  • Ipswich Building Society Rent Deposit Account £     5,153.64
  • Lloyds Bank Treasurer’s Account    £   14,809.10

After adding as assets £102.07 (VAT due) the total liquid assets amounted to £296,470.64. Of that sum, £170,458.30 relates to the balance of deposits, CIL and grant monies held as Earmarked Reserves:

CIL reserves                                                                                                  £99,073.16

Melton Rd crossings project CIL EMR                                       £19,755

Landscaping & parking improvements CIL EMR               £3,717.03

Pavilion project CIL EMR                                                                   £11,103.67

Bins CIL EMR                                                                                              £1,576.59

Divested land sinking fund CIL EMR                                          £16,342.17

Hall Farm Road/SWT Events                                                           £590 (grants received from Deben Community Partnership and Cllr Smith-Lyte)

Fete EMR                                                                                                       £949.34

Budget Risk EMR                                                                                     £10,000

Signage                                                                                                            £1,130

Bequest                                                                                                            £962.40

Pavilion Kit Out                                                                                           £5.30

Deposits EMR                                                                      £100

1st Floor Rent Deposit                                                         £5,153.64

General Reserve

The General Reserve position as at 30th April 2023 was £126,012.34.


  • That members NOTE AND COMMENT on this report.

Pip Alder

Clerk, Melton Parish Council

May 2023