WOODWALTON DRAINAGE COMMISSIONERS
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 follows:
2008 Movement 2009
Buildings £88,643 £4,699 £93,342 Plant & equipment £93,823 £6,662 £100,485
d) Consumable Stores – oil & greases
£50 £0.00 £50.00
c) At 31st March 2009 the following assets were held: -
ASSETS – are stated at calculated insurance valuations
Woodwalton pumping station
Buildings £93342
Plant and Equipment £100485
Other Assets
Tolls Oils and Greases £50
£193877
WOODWALTON DRAINAGE COMMISSIONERS
Income and Expenditure Account
Year Ended 31st March 2009
2008 2009
INCOME
8847.15 Agricultural rate 8847.15
347.55 Special Levy 347.55
1542.79 Interest 1356.5
4543.28 Rate
100 PAYE – online incentive 375
Sundry creditors written back 1332
£15380.77 £12258.20
EXPENDITURE
1279.55 insurances 821.33
2285.47 fuel 2083.28
2743.75 drainworks 4222.25
1700 clerks fees 1785
323.18 repairs and renewals 445.17
808.76 Administration 710.37
650 pumping attendant 685
250 environmental officer 260
Precept 1531
£10040.71 £12543.40
£5340.06 Surplus/Deficit for year -£285.2
WOODWALTON DRAINAGE COMMISSIONERS
BALANCE SHEET AT 31st March 2009
2008 2009
£182516 fixed assets £193877
Current assets
35597.28 Barclays 33193.11
Rate payers account 0.45
94.42 VAT –refund 115.30
100 inland revenue 75
£35791.70 £33383.86
Current Liabilities
200 Audit Fee 75
1590 Audit commissioners fees 135
900 D&J Papworth
Speechy Son & Partner 30
127 PAYE
80.64 Middle Level EA Officer 260
Middle Level – Precept 275
£2897.64 £775
£215410.06 £32894.06 £32608.86 £226485.86
Represented by
182516 Capital Provisions 193877
27554 General Fund Account 32894.06
15380.77 Income for Year 12258.20
10040.71 Expenditure for Year 12543.4
£215410.06 Balance £226485.86
The above statement represents fairly the financial position of the Woodwalton Drainage Commissioners at 31st March 2009 and reflects its income and expenditure during the year.
Approved by the Woodwalton Drainage Commissioners
Chairman Responsible Financial Officer
WOODWALTON DRAINAGE COMMISSIONERS
ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2009
SUPPORTING NOTES
INTRODUCTION
The Commissioners 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 Commissioner is responsible.
• The Balance Sheet
This is fundamental to the understanding of the Commissioner’s financial position at the year end. It shows the balances and reserves of the Commissioner and the fixed assets. Also included are the assets and liabilities of all activities of the Commissioner.
• Statement of Annual governance
This statement is fundamental in understanding how the Commissioner has sought to minimise the risk during the year and ensuring that there is a sound system of internal control, including the preparation of the statement of accounts.
1 ASSETS
a) The Commissioner’s assets are stated at Insurance valuations.
Valuations at 31st March 2009 were increased to reflect recent insurance valuations:
Pump house increased in line with insurance valuation and pump contents also increased in line with insurance valuation. Tools, oils & greases were valued at £50
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 Commissioners had no outstanding loans.
3 AGENCY CONTRIBUTION
During the year the Commissioners received no contribution from the Environment Agency in respect of Highland Water under Section 57 (1) the Land Drainage Act 1991.
4 PRECEPT
During the year the Precept paid to the Environment Agency was £1256 as demanded, but a further demand from the Middle Level Commissioners in respect of out-turn adjustment 2006/2007 for £275 has been received under the provisions of the Land Drainage Act 1976, Section 46 (8) making a total of £1,531.00.
5 ADVERTISING AND PUBLICITY
During the year £0.00 was spent on advertisements.
6 INTEREST Interest of £1356.50 was received during the year.
7 DEBTORS
At the year-end the Commissioners was owed
H M Customs & Revenue vat £115.30
H M Customs & Revenue tax £75.00
Huntingdonshire D C special levy £0.45 £190.75
8 ACCRUALS
The payments made for 2007/2008 were £1,565.64. The Audit commission fees were reduced to those listed and the sum of £1,332.00 was written back.
At the year- end accruals were: Audit 2008/2009
Moore Stephens £135.00
G Whitfield £75.00
Speechley’s maintenance £30.00
Middle Level E A officer £260.00
Middle Level – Precept £275.00
Total £775.00
9 PENSIONS
The Clerk was a not a member of the Cambridgeshire County Council Pension Scheme. The Clerk’s rate at 31st March 2009 would have been 6% and the Commissioners 17%
10 TENANCIES
During the year the Commissioners operated no tenancies
11 GENERAL FUND ACCOUNT
The balance of the General Fund Account as at 1st April 2008 was £32,894.06 with income of £12,258.20 less expenditure of £12,543.40 and £1,332.00 was written back from Sundry Creditors leaving a closing balance of £32,608.86.
