The financial year runs from 1 April to 31 March. We agree an annual budget in January each year and also decide how much the annual Precept* should be set at. We submit our annual accounts in the form of an Annual Return to an external auditor.
*Parish Councils are empowered to raise money for their activities through a tax (the “Precept”) on the village residents which is collected on their behalf by the District or Borough Council, as an addition to the District and County Council Tax.