Explanation of variances 2023/24 – pro forma
Name of smaller authority:
Insert figures from Section 2 of the AGAR in all Blue highlighted boxes
Now, 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 £500);
• variances of more than £100,000 must be explained even where this constitutes less than 15%;
Please ensure variance explanations are quantified to reduce the variance excluding stated items below the 15% / £500 / £100,000 threshold
| 2024 | 2023 | Variance | Variance | Explanation Required? | DO NOT OVERWRITE THE BOXES HIGHLIGHTED IN RED/GREEN | Explanation (must include narrative and supporting figures) | ||||||||||||||||
| £ | £ | £ | % | Is > 15% | Is > £100,000 | |||||||||||||||||
| 1 Balances Brought Forward | 36980 | 39509 | Explanation of % variance from PY opening balance not required – Balance brought forward agrees | |||||||||||||||||||
| 2 Precept or Rates and Levies | 20616 | 20616 | NO | NO | ||||||||||||||||||
| 3 Total Other Receipts | 13687 | 29051 | -15364 | 0.5288630339747341 | 1 | 1 | YES | NO | Diff btw 22/23 & 23/24 Boat club water payment £242, Interest reserve acct £278, Whicham school car park donation box £87, Silecroft beach donation box £358, donations CGP (£2295), VAT reclaim £5265, Misc Receipts (£19299) In 22/23 recd a grant of £20500 to repair a car park- Total variances (£15364) | |||||||||||||
| 4 Staff Costs | 3901 | 3030 | 871 | 0.2874587458745875 | 1 | 1 | YES | NO | ||||||||||||||
| 5 Loan Interest/Capital Repayment | NO | NO | ||||||||||||||||||||
| 6 All Other Payments | 31109 | 49166 | -18057 | 0.3672659968270756 | 1 | 1 | YES | NO | Diff btw 22/23 and 23/24. Clerks/council expenses (£218), Insurance £142, Internal Auditor fee £15, External audit fee £138, CALC subs £14, SLCC membersip £18, Courses £90, Web site maint £42. Donations/fees (£750), Grass cutting Silecroft play area (£94), Grass cutting other (£150), General maint (£150), Village Hall maint £805, Play area inspection £12, Play area maint £7, Planters maint £103, Misc purchases (£724), Misc expenses £78, Whicham School car park (£27084), Footpath light maint (£117), Toilets – Labour £149, repairs £279, consumables £20, services £600. Silecroft beach car park £808, Projects £7700 (installation of 3 phase electricity to beach), Defib £209. Total variance (£18058) difference due to rounding up/down | |||||||||||||
| 7 Balances Carried Forward | 36273 | 36980 | -707 | 0.019118442401297998 | 1 | NO | NO | |||||||||||||||
| 8 Total Cash and Short Term Investments | 36273 | 36980 | -707 | 0.019118442401297998 | 1 | NO | NO | |||||||||||||||
| 9 Total Fixed Assets plus Other Long Term Investments and Assets | 81246 | 72713 | 8533 | 0.1173517802868813 | 1 | NO | NO | |||||||||||||||
| 10 Total Borrowings | NO | NO | ||||||||||||||||||||