Explanation of Variances2021-22 - Whicham Parish Council

Explanation of Variances

Name of smaller authority:	WHICHAM PARISH COUNCIL
County area (local councils and parish meetings only):
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; • a breakdown of approved reserves on the next tab if the total reserves (Box 7) figure is more than twice the annual precept/rates & levies value (Box 2).

		2020/21	2021/22	Variance	Variance				Explanation Required?	Automatic responses trigger below based on figures input, DO NOT OVERWRITE THESE BOXES	Explanation from smaller authority (must include narrative and supporting figures)
		£	£	£	%

1 Balances Brought Forward		16777	33136							Explanation of % variance from PY opening balance not required – Balance brought forward agrees

2 Precept or Rates and Levies		19250	20212	962	0.049974025974025976		1		NO

3 Total Other Receipts		15058	5621	-9437	0.6267100544561031	1		1	YES		Differences between 20/21 and 21/22 receipts CIC land licence fee (£313) evicted July 21, water charge (£22), income from donation boxes on car parks more than predicted £895. VAT claim (£697), Misc receipts (£9300) (one off receipt made in 20/21 to reopen public toilets with covid measures of £10k not made in 21/22) Total (£9437)

4 Staff Costs		2440	2450	10	0.004098360655737705				NO

5 Loan Interest/Capital Repayment									NO

6 All Other Payments		15509	17010	1501	0.09678251337932814		1		NO

7 Balances Carried Forward		33136	39509							VARIANCE EXPLANATION NOT REQUIRED
									NO

8 Total Cash and Short Term Investments		33136	39509							VARIANCE EXPLANATION NOT REQUIRED

9 Total Fixed Assets plus Other Long Term Investments and Assets		69972	70680	708	0.010118333047504716		1		NO

10 Total Borrowings									NO

	Rounding errors of up to £2 are tolerable

	Variances of £200 or less are tolerable

	BOX 10 VARIANCE EXPLANATION NOT REQUIRED IF CHANGE CAN BE EXPLAINED BY BOX 5 (CAPITAL PLUS INTEREST PAYMENT)

Explanation of Variances
2021-22

Explanation of Variances

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