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Explanation of variances – pro forma
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Name of smaller authority:
Yetminster & Ryme Intrinseca Parish Council
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County area (local councils and parish meetings only): Dorset
Dorset
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Insert figures from Section 2 of the AGAR in all Blue highlighted boxes
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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).
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2020/212021/22VarianceVarianceExplanation Required?Automatic responses trigger below based on figures input, DO NOT OVERWRITE THESE BOXESExplanation from smaller authority (must include narrative and supporting figures)
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£££%
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1 Balances Brought Forward21,43255,299Explanation of % variance from PY opening balance not required - Balance brought forward agrees
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2 Precept or Rates and Levies18,53319,8231,2906.96%NO
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3 Total Other Receipts48,38582,41434,02970.33%YES The Parish Council received £72,482 as part of the Community Infrastructure Levy linked to the development of a site in the North of the village. It received £300 from the GWR Community Fund in its capacity as administrator for this for the Friends of Yetminster Station. £560 was refunded for an incorrect payment and £796 received as grants from Dorset Council. It received £2,433 from the leaseholder of the Yetminster Community Sports Club for the cost of grounds maintenance work, the annual rent and reimbursement for the cost of services used. It received £4,279 from HMRC for its 2018/2021 claim for VAT. It received £1,531 following a Crowdfunding initiative to pay for improvements to the play area. £8 was received in Bank Interest and £25 received as yearly payment for a permissive entrance at the Pound.
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4 Staff Costs5,2443,748-1,49628.53%YES The Clerk /RFO resigned in May 2021 and a new Clerk/RFO was not appointed until September 2021 the interval being covered by an unpaid volunteer resulting in a reduced salary expenditure of £1,496
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5 Loan Interest/Capital Repayment0000.00%NO
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6 All Other Payments27,80728,7599523.42%NO
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7 Balances Carried Forward
55,299125,029VARIANCE EXPLANATION NOT REQUIRED
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YESEXPLANATION REQUIRED ON RESERVES TAB AS TO WHY CARRY FORWARD RESERVES ARE GREATER THAN TWICE INCOME FROM LOCAL TAXATION/LEVIESThe primary reason for the high reserves is due to the receipt of Community Infrastructure Levy (as outlined in 3) and the time taken to approve projects to use this funding
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8 Total Cash and Short Term Investments55,299125,029VARIANCE EXPLANATION NOT REQUIRED
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9 Total Fixed Assets plus Other Long Term Investments and Assets32,69135,0282,3377.15%NO
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10 Total Borrowings0000.00%NO
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Rounding errors of up to £2 are tolerable
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Variances of £200 or less are tolerable
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BOX 10 VARIANCE EXPLANATION NOT REQUIRED IF CHANGE CAN BE EXPLAINED BY BOX 5 (CAPITAL PLUS INTEREST PAYMENT)
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