Attachment 1.2

Explanation of significant variances in the accounting statements - Section 2

Local council name:                              ILAM PARISH COUNCIL

Please explain any variances of more than 15% between the totals for individual boxes in Section 2. We do not require explanations for variances of less than £200; however, in some cases there may be ‘compensating’ variances which leave the overall total for a box relatively unchanged – e.g. where there was a major one-off project in one year (e.g. contribution to village hall extension of £30,000), but a totally different expense of a similar size in the next (e.g. purchase of playground equipment of £28,000). In such cases, it would be helpful to provide an explanation of movements within each box.  We also ask you to explain any change where there is a movement to or from zero. Please either use the proforma below, or complete a separate schedule if more space is required.

Section 2	2017/18 £	2018/19£	Variance (+/-) £	Detailed explanation of variance (for each reason noted please include monetary values (to nearest £10)
Box 2 Precept	800	800	0
Box 3 Other income	8	311	+303	+ £200 SMDC grants for defibrillator + £58 VAT refund + £50 sale of scaffolding -  £5 Council tax support grant
Box 4 Staff costs	0	0	0
Box 5 Loan interest/ capital	0	0	0
Box 6 Other payments	558	884	326	+ £35 Data controller registration + £120 Bunding opposite Town End Cottage + £228 Defibrillator battery - £80 First Responders
Box 7 Balances carried forward	727	954	227	If some of the year-end balances are earmarked for specific purposes rather than as a general reserve, please provide a breakdown. £320 topsoil+plant tubs                               £35 data controller reg. £100 defib relocation+maintenance           £66 memberships £160 website maintenance                          £50 newsletter £50 clerk’s expenses                                   £200 insurance
Box 9 Fixed assets & long term assets	0	0	0	Explain all movements in this category and not just those above 15%
Box 10 Total borrowing	0	0	0