FELDALE INTERNAL DRAINAGE BOARD
Accounts for the Year Ended 31st March 2009
SUPPORTING NOTES
1 ASSETS
a) During the year no assets were disposed of
b) During the year no assets were purchased
c) During the year movements were as follow: 2008 Movement 2009
Buildings £39,263 £2,081 £41,344 Plant & equipment £58,332 £4,142 £62,474
d) Consumable Stores – oil & greases £25 £ 0 £25
c) At 31st March 2009 the following assets were held: -
ASSETS – are stated at insurance valuations
Feldale pumping Stn
Buildings £41344
Plant & Equipment £62474
Other Assets
Tools, Oils, Greases £25
£103843
FELDALE INTERNAL DRAINAGE BOARD
Income and Expenditure Account
Year Ended 31st March 2009
2008 2009
INCOME
£2467 Agricultural rate £2467
£2578.95 Special Levy £2578.95
£4220.38 Interest £2960.06
£100 Admin – inland Revenue £125
£20 Drainage contribution £20
£245.26 Highland Water Contribution £321.82
Consent £15
£9631.59 £8487.83
EXPENDITURE
£628.23 Insurances £661.35
£1291.87 Fuel £1655.76
£2865.50 Drainworks £3034.5
£418 Precept £477
£100 Repairs & renewals £1066.61
£1637.75 Administration £2176.83
£166 Planning Fee £477
£250 Environmental Services £260
£7357.35 £9809.05
£2274.24 Surplus for year -£1321.22
FELDALE INTERNAL DRAINAGE BOARD
BALANCE SHEET AT 31st March 2009
2008 2009
£97595 Fixed Assets £103818
Current Assets
£25 Oils & Greases £25
£82177.34 General fund Account £81477.48
£0.01 Debtors
£140.54 VAT- Refund £185.51
£100 HMC&R tax incentive £75
£180037.89 £185550.99
Current Liabilities
£371.61 Sundry Creditors £982.93
£179666.28 £184568.06
REPRESENTED BY
£97620 Capital Provisions £103843
£77123.67 General Fund Account £79265.49
£2648.37 Developers Account £2780.79
£9631.59 Income for year £8487.83
£7357.35 Expenditure for year £9809.05
£179666.28 Balance £184568.06
The above statement represents fairly the financial position of the Feldale Internal Drainage Board as at 31st March 2009 and reflects its income and expenditure during the year.
Approved by the Feldale Internal Drainage Board
Chairman Responsible Financial Officer
FELDALE INTERNAL DRAINAGE BOARD
ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2009
SUPPORTING NOTES
INTRODUCTION
The Board’s accounts for the financial year ending 31st March 2009 are set out on the attached pages. They consist of the statements explained below.
The accounts have been prepared in accordance with generally accepted accounting practice (UK GAAP)
• The Income and Expenditure Account
This statement shows the gross expenditure, income and net expenditure on the major functions and services for which the Board is responsible.
• The Balance Sheet
This is fundamental to the understanding of the Board’s financial position at the year end. It shows the balances and reserves of the Board and the fixed assets. Also included are the assets and liabilities of all activities of the Board.
• Statement of Annual governance
This statement is fundamental in understanding how the Board has sought to ensure that there is a sound system of internal control, including the preparation of the statement of accounts.
1 ASSETS
a) The Board’s assets are stated at Insurance valuations and a review of the cover was undertaken during the year.
Valuations at 31st March 2009 were amended in line with insurance valuations: buildings at replacement cost increased from £39,263 to £41,344 and contents increased from £58,322 to £62,474.
b) The main categories of fixed assets are:
Pumping Station buildings
Fixed plant and equipment
Light plant and equipment
c) Depreciation is charged on a straight line basis. Rates of depreciation are as follows: - Weedscreen Cleaners 20%
Light plant and equipment 10%
2 BORROWINGS
At the close of business on 31st March 2009 the Board had no outstanding loans.
3 AGENCY CONTRIBUTION
During the year the Board received from the Environment Agency a Contribution of £321.82 in respect of Highland Water under Section 57 (1) the Land Drainage Act 1991.
4 PRECEPT
During the year the Board paid the Environment Agency a Precept of £477 under the provisions of the Land Drainage Act 1976, Section 46 (8)
5 ADVERTISING AND PUBLICITY
During the year £470.40 was spent on advertisements.
6 INTEREST
Interest of £2,960.06 was received during the year, which equates to an annual return of 3.6%. £2,859.96 was allocated to the General Fund Account and £100.10 to the Development Account.
7 DEBTORS
At the year-end the Board was owed. £260.51
HMC&R - value added tax £185.51
HMC&R – tax incentive £75.00
Ratepayers £0.00
8 ACCRUALS
At the year- end accruals were: Audit Commission (2008/2009) £135.00 G Whitfield – Internal auditor £75.00
Middle Level - fees £361.00
Middle Level – Environment Off £260.00
e.on - electricity £151.93 Total £982.93
9 PENSIONS
The Clerk was a member of the Cambridgeshire County Council Pension Scheme, in respect of which the Board made contributions of £136.00 in the year. The Clerk’s rate at 31st March 2009 is 5.9% and the Board 17%
10 TENANCIES
During the year the Board operated no tenancies
11 GENERAL FUND ACCOUNT
The balance as at 1st April 2008 was £79,265.49. The sum of £150.11 was transferred from the Development Account the tax incentive of £75 was allocated as income although not received. The deficit of the year of £1,271.21 gave a balance of £77,994.28 as at 31st March 2009.
12 DEVELOPMENT ACCOUNT
The balance brought forward at the 1st April 2008 was £2,780.79 and during the year interest of £100.10 was received and a transfer to the General Fund Account of £150.11 was made. The balance as at 31st March 2009 was £2,730.78
