Local Council Award Scheme Quality

Council Funding & Accounts

Welcome to Bradley Stoke

All council tax paid by households (not businesses) include the normal principle authority & police costs etc to cover their annual budgets. In cases where a town council exists, all households within the town council boundaries will have an additional cost per household in respect of the town council's annual running costs and planned expenditures although this is still collected by the principle authority on their behalf.

In the case of Bradley Stoke Town Council, South Gloucestershire Council (as the principle authority) is responsible for collecting the main community charge and the charge on households within Bradley Stoke will also include an amount in respect of Bradley Stoke Town Council. The town council's charge is a tiny proportion of the total community charge and the annual amounts for Bradley Stoke residents per band D property are shown in the Annual Precept Levels section below. The town council's element is then paid to Bradley Stoke Town Council by South Gloucestershire Council in 2 instalments in April and September annually.

Many people are unaware that town councils do not receive any funding from local businesses and retailers within the town boundary via their payment of the non-domestic rates and, unlike principle authorities, town councils do not receive major funding from central government. The only central funding that is received is called The Local Council Tax Grant which commenced in 2012/13 and is issued through the principle authorities who determine how much will be passed on to each town council. This payment is to part fund the income lost from local households who receive benefits and therefore pay a reduced community charge.

Each year, the town council calculates the amount of money needed to provide its services and planned projects and then calculates and deducts the income which it expects to receive from other sources such as bank interest, external grants and hire charges in respect of sports facilities and room lettings of the various Activity Centres etc. The local Council Tax Grant is also deducted. The remaining balance provides a calculated expenditure shortfall showing the estimated revenue required in order to provide services and any capital projects and reserves which are planned for Bradley Stoke for the year ahead.

This shortfall is called the PRECEPT and is wholly funded by local residents living within Bradley Stoke and is the amount levied on South Gloucestershire Council which is then collected by them as a proportion of the total community charge paid by Bradley Stoke households. Bradley Stoke Town Council's main income is therefore provided by the residents of Bradley Stoke alone.

The Annual Precept Levels

In the financial year commencing 1st April:

The 2017/18 precept will raise £795,988 with the individual Band D household precept set at £115.78.
The Local Council Tax Scheme Grant of £11,130 will also be received from South Gloucestershire Council.

The 2016/17 precept will raise £794,996 with the individual Band D household precept set at £115.20.
The Local Council Tax Scheme Grant of £19,073 will also be received from South Gloucestershire Council.

The 2015/16 precept will raise £773,389 with the individual Band D household precept set at £113.50.
The Local Council Tax Scheme Grant of £40,294 will also be received from South Gloucestershire Council.

The 2014/15 precept will raise £764,877 with the individual Band D household precept set at £113.50.
The Local Council Tax Scheme Grant of £44,961 will also be received from South Gloucestershire Council.

The 2013/14 precept raised £717,433.50 with the individual Band D household precept set at £113.50.
Local Council Tax Scheme & Transitional grants of £48,416 will also be received from South Gloucestershire Council for the first time in 2013/14. This follows a change in legislation in December 2012.

The 2012/13 precept will raise £792,571 with the individual Band D household precept set at £113.50.

The 2011/12 precept raised £792,797 with the individual Band D household precept set at £113.50.

The 2010/11 precept raised £789,733 with the individual Band D household precept set at £113.50.

The 2009/10 precept raised £775,260, with the individual Band D household precept set at £111.50.

The 2008/9 precept raised £768,904, with the individual Band D household precept set at £111.50.

The 2007/8 precept raised £734,769, with the individual Band D household precept set at £107.00.

The 2006/7 precept raised £695,844, with the individual Band D household precept set at £102.00.

The 2005/6 precept raised £649,892, with the individual Band D household precept set at £97.00.

Click here to view the annual total precept figures in a graph format since 2000/01

Click here to view the annual precept figures per band D property in a graph format since 2000/01

Click here to view the annual precept levels and increases compared to RPI and CPI figures since 1997/98

Click here to view the comparison of the annual precept against the compounded RPI and CPI figures

Annual & 5 Year Forward Projected Budget

2017/18 APPROVED BUDGET @ 17/8/17 - FORWARD PLAN (0.5% PRECEPT)

Annual Audits

Click on a heading to reveal the financial statements for a particular year...

2016/17 Annual & Internal Audits - AUDITED

2016/17 Internal Audit

Public Notices

Signed Annual Return

Financial Statement

Financial Statement Working Papers

Audit Reports

Audit Sign Off

Council's Response to the 2016/17 Audit

Council is pleased to announce the formal sign-off of the 2016/17 audit by Grant Thornton, the appointed external auditors, who have once again given council a completely clean bill of health for the eighth year running, with no procedural or accounting issues. This year's audit has also been signed off as being completely clear of the usual comments for consideration which do not affect the auditor's opinion. Council always strives to be transparent and to implement robust financial systems and procedures to protect the public funds, ensure value for money and even expand services for the community. Careful budgeting, monitoring and forward planning is a major part of council's governance and this audit continues to substantiate that council has achieved this.

2015/16 Annual & Internal Audits - AUDITED

2015/16 Internal Audit

Public Notices

Signed Annual Return

Financial Statement

Financial Statement Working Papers

Audit Reports

Audit Sign Off

Council's Response to the 2015/16 Audit

Council is pleased to announce the formal sign off of the 2015/16 audit by Grant Thornton, the appointed external auditors, who gave council a clean bill of health for the seventh year running with no procedural or accounting issues.

The auditor did comment that the period specified on the notice for the exercise of public rights was for 29 days and not the required 30 day period however this does not affect the auditor's opinion. Council do not consider this comment to have any adverse impact on the audit or to have denied a member of the public of their rights in respect of an objection as The Annual Return and all supporting audit reports were published ahead of this period and remain on the council website for public access which easily exceeds the 30 day period.

Council always strives to run robust financial systems and procedures with careful budgeting, monitoring and forward planning being at its' core and this audit substantiates that council has maintained this high standard which is further substantiated by the fact that the major skate park build was included within the audit.

 

2014/15 Annual & Internal Audits - AUDITED

Council's Response to the 2014/15 Audit
Council is pleased to announce the formal sign off of the 2014/15 audit by Grant Thornton, the appointed external auditors, who gave council a clean bill of health for the sixth year running with no procedural or accounting issues. This year's audit has also been signed off as being completely clear of any items including the usual comments for consideration which do not affect the auditor's opinion. Council always strives to run robust financial systems and procedures with careful budgeting, monitoring and forward planning being at the centre. This audit substantiates that council has achieved these levels in order to protect and even expand services for the community.

2013/14 Annual & Internal Audits - AUDITED

Council's Response to the 2013/14 Audit
Council is pleased to announce the formal sign off of the 2013/14 audit by Grant Thornton, the appointed external auditors, who did not identify any procedural or accounting items for the 5th year running. The only minor comment related to the internal auditor's section (4) of The Annual Return which was completed by South Gloucestershire Council as they failed to complete the final box. Based upon this response, Bradley Stoke Town Council has had an extremely successful audit.

2012/13 Annual & Internal Audits - AUDITED

Council's Response to the 2012/13 Audit
Council is pleased to announce receipt of the formal sign off of the 2012/13 audit by Grant Thornton, the appointed external auditors, who did not identify any problems with the accounts and procedures for the 4th year running. This year's audit has been signed off as being completely clear of any items including the usual comments for consideration, which do not affect the auditor's opinion. This has been yet another successful audit for Bradley Stoke Town Council.

2011/12 Annual & Internal Audits - AUDITED

Council's Response to the 2011/12 Audit
Council is pleased to announce receipt of the formal sign off of the 2011/12 audit by Mazars, the appointed external auditors, who did not identify any problems with the accounts and procedures for the 3rd year running. The sign-off included 2 comments for consideration, which did not change the auditor's opinion in respect of the clean audit. These comments related to the amount of documentation which was sent with the audit papers as Rachel Pullen (RFO) again took the position that unusual audit items, such as the office build, should be substantiated by documentation to avoid the need to lodge later paperwork which could invoke additional audit charges. The other comment concerned the treatment of The Public Works Loan within the Annual Return which The RFO had initially treated as deferred income pending completion of the office building. The auditors accepted the rules regarding loan receipts may be open to interpretation and therefore had to take advice and make a final decision which resulted in a non chargeable amendment to the 2011/12 Annual Return. As a result of initial arguments put forward by The RFO, the auditors agreed that this area needs clarification within the procedures and will take this matter forward to the Joint Practitioners Group for consideration before future procedures are published. Based upon the auditor's sign-off , it is clear that this has been yet another successful audit for Bradley Stoke Town Council.

2010/11 Annual & Internal Audits - AUDITED

Council's Response to the 2010/11 Audit
Council is pleased to announce receipt of the formal sign off of the 2010/11 audit by Mazars, the appointed external auditors, who did not identify any problems with the accounts and procedures for the 2nd year running. The only comment made, for consideration, related to the amount of documentation which was sent with the audit papers although Rachel Pullen (RFO) took the position that all audit items should be substantiated by documentation to avoid the need to lodge later paperwork which could invoke additional audit charges. As this was the only comment made by Mazars, it is clear that this has been yet another successful audit for Bradley Stoke Town Council.

2009/10 Annual & Internal Audits - AUDITED

Council's Response to the 2009/10 Audit
Council is pleased to announce the formal sign off of the 2009/10 audit by Mazars, the appointed external auditors, who did not identify any problems with the accounts and procedures and who also did not feel it necessary to highlight or comment on any other matters for further consideration.

2008/9 Annual & Internal Audits - AUDITED

2007/8 Annual & Internal Audits - AUDITED

Rachel Pullen
Finance Manager