Finance
Annual Accounts 2023-24
Our financial year runs from 1 April to 31 March. We agree an annual budget in November each year and decide how much the annual Precept should be set at. We submit our annual accounts in the form of an Annual Governance and Accountability Return (AGAR) to the external auditor (PKF Littlejohn)
The Council Tax Precept
The precept is the parish council’s share of the council tax. The precept demand goes to the billing authority, Broadland District Council, which collects the tax for the Parish Council. The ‘Precept’ is converted into an amount per Council Tax Band that is added onto the Council Tax bill. Income and expenditure for the next financial year are calculated in the form of estimates.
Parish and town councils can apply for other funding such as grant and funding awards, but they do not receive funds direct from central government as principal authorities do.
