Attachment 1.2

Explanation of significant variances in the accounting statements - Section 2

Parish Council name: _____ILAM PARISH COUNCIL______________

Please explain any variances of more than 15% or anything over £100k between the totals for individual boxes in Section 2. We do not require explanations for variances of less than £200; however, in some cases there may be ‘compensating’ variances which leave the overall total for a box relatively unchanged – e.g. where there was a major one-off project in one year (e.g. contribution to village hall extension of £30,000), but a totally different expense of a similar size in the next (e.g. purchase of playground equipment of £28,000). In such cases, it would be helpful to provide an explanation of movements within each box. We also ask you to explain any change where there is a movement to or from zero. Please either use the proforma below, or complete a separate schedule if more space is required.

Section 2	2020/21£	2021/22£	Variance (+/-) £	Detailed explanation of variance (for each reason noted please include monetary values (to nearest £10)
Box 2 Precept	800	800	0
Box 3 Other income	200	923	723	LENGTHSMAN, Vat refund, AESL, Moorlands Grant
Box 4 Staff costs	0	0	0
Box 5 Loan interest/ capital	0	0	0
Box 6 Other payments	686	1053	367	Diamond Jubilee Tree and Plaque
Box 7 Balances carried forward	1017	1686	669	£150 reserve for defibrillator maintenance. £600 deferred from Covid 2021
Box 9 Fixed assets & long term assets	1015	1015	0	Explain all movements in this category and not just those above 15% or over £100k
Box 10 Total borrowing	0	0	0

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