DRYSIDES 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 the Board’s assets were revalued by NFU Mutual from £384,250 to £427,050
The pump house building was valued at £78,975
Panel £80,325
Machinery & weed screen cleaner £267,750
d) A valuation for Consumable Stores – oil & greases £25
was added
c) At 31st March 2009 the following assets were held: -
ASSETS – are stated at insurance valuations
Must farm Pumping Stn
Buildings £78,975
Panels £80,325
Machinery & Weed screen £267,750
other Assets
Tools, Oils, Greases £25
£427,075
DRYSIDES INTERNAL DRAINAGE BOARD
Income and Expenditure Account
Year Ended 31st March 2009
2008 2009
INCOME
£582.53 Agricultureal rate £582.52
£8,092 Special Levy £8,092
£6,229.21 Interest £4,583.78
Fuel £98.20
£242.29 Development Charges
£260.38 Highland water £133.4
350 Consent £15
£1,230.28 Insurance Claim
£16,686.89 £13,504.9
EXPENDITURE
£1257.36 Insurances £950.06
£2500 Fuel £2241.42
£4363.65 Drainworks £2909.50
Precept £1466
£2949.51 Repairs and renewals £531.73
£3195.50 ADMINISTRATION £2223.18
Planning Fee £1837.6
Environmental Services £365
district officer £900
£14266.02 £13424.49
£2424.34 surplpus for year £80.41
DRYSIDES INTERNAL DRAINAGE BOARD
BALANCE SHEET AT 31st March 2009
The above statement represents fairly the financial position of the Drysides Internal Drainage Board as at 31st March 2009 and reflects its income and expenditure during the year.
Approved by the Drysides Internal Drainage Board
Chairman Responsible Financial Officer
DRYSIDES 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 £133.40 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 £1466.00 under the provisions of the Land Drainage Act 1976, Section 46 (8)
5 ADVERTISING AND PUBLICITY
During the year £0.00 was spent on advertisements.
6 INTEREST
Interest of £4,463.09 from Barclays and £120.69 from National Savings was received during the year. £1,486.08 was allocated to the General Fund Account, £2,931.84 to the Pump Replacement account and £165.86 to the Development Account.
7 DEBTORS
At the year-end the Board was owed. £750.96
HMC&R - value added tax £93.89
NFU Mutual prepayment of insurance premium £657.07
8 ACCRUALS
At the year- end accruals were:
Balance unallocated 2008/2009 £939.53
Audit Commission (2008/2009) £135.00 G Whitfield – Internal auditor £75.00
Middle Level - fees £1,837.60 Middle Level – Environment Off £365.00
Haven Power - electricity £654.14 Total £4,006.27
9 PENSIONS
The Clerk was not a member of the Cambridgeshire County Council Pension Scheme.
10 TENANCIES
During the year the Board operated no tenancies
11 GENERAL FUND ACCOUNT
The balance as at 1st April 2008 was £38,803.54. No sum was transferred from the Development Account. Interest of £1,486.08 was allocated. The insurance payment of £1,607.13 was reduced by £657.07 as two renewals were effectively made in the financial year. The balance of as at 31st March 2009 was £35,786.05.
12 DEVELOPMENT ACCOUNT
The balance brought forward at the 1st April 2008 was £4,607.27 and during the year interest of £165.86 was received. The balance as at 31st March 2009 was £4,773.13
13 PUMPING STATION REPLACEMENT ACCOUNT
The balance brought forward at 1st April 2008 was £81,438.06 and during the year interest of £2,931.84 was received. The balance as at 31st march 2009 was £84,369.90
