LINDFIELD PARISH COUNCIL
BALANCE SHEET AS AT 31 MARCH 2001
March 31, 2000 March 31, 2001 Supporting Notes
£ £
Long Term Assets
Note 1
Current Assets
        48,912.18 Cash at Bank           55,690.84
              70.75 Debtors               468.82 Note 4
            417.97 VAT Recoverable            3,496.89
            110.00 Prepayments
        49,510.90 Total Assets           59,656.55
Current Liabilities
            846.93 Creditors               277.29
        48,663.97 Net Assets           59,379.26
Represented by:
        34,217.53 General Reserve           48,663.97 Note 9
Less: Net Expenditure                      -  
        14,466.44 Add:  Net Surplus           10,715.29
                   -   Addition to reserves Note 9
£48,683.97 £59,379.26
The above Statement represents fairly the financial position of the authority as at 31 March 2001
and reflects its income and expenditure during the year.
Approved by Council: September 13, 2001

 

 

Supporting Notes:
Note 1 - Assets:
a)

During the year the following assets were purchased at the cost shown:

Plain Paper fax
179.00
b)
 A plain paper fax was disposed of during the year
c)

At 31st March 2001 the following assets were held:

Description
Value
 Basis of Valuation
6 Denmans Lane
39,000.00
 Purchase Price June 1996
Office Furniture and Equipment
7,006.16
 Purchase Price
Horse Gin
5,000
 Cost of removing from existing site and rebuilding on current site

Total
________
51,004.16
  
Community Assets: Street Lights, benches, bins etc
50,000.00
 Estimation based on the purchase price over a number of years

 
Note 2 - Borrowings
 

At 31st March 2001 the following loan was outstanding:

Public Works Loan Board
22,463.52
Amount Borrowed
35,000.00
  
Principal Loan repaid to dtae
12,536.48
  
 
________
22,463.52
  
     
Interest paid to date
£8012.89
  

 
Note 3 - Leases
 

At 31st March 2001 the following leases/hire agreements were in operation:

Lessor Purpose Amount Payable Year of Expiry
Canon (UK) Ltd Photocopier 468.00 2002
Chubb Fire Ltd Fire Extinguishers 114.25 2001

 

Note 4 - Debts Outstanding
 

At 31st March 2001 debts of £3,965.71 were outstanding and due to the Council. The ages of the debts were:

  No Value
Less than 3 months old 2 3,565.71
3-6 months old 7 400.00

 
Note 5 - Advertising
 

The following costs were incurred in the year:

Advertisement in the village day program £32.00

 
Note 6 - Agency Work
  During the year the council undertook no agency work on behalf of other authorities
Note 7 - Contingent Liabilities
  There were no contingent liabilities at 31st March 2001
Note 8 - Pensions
  During the year the Council made a contribution of £657.74 to the West Sussex County Council Superannuation Fund in respect of Mrs. Christine Irwin, being 223% of the total contribution made by Mrs. Irwin
Note 9 - General Fund
 
Opening Balance as at 01/04/00
48,663.97
Add: Net Surplus
10,715.29
 
_________
£59,379.26