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Agenda Item No 5
Statement of Financial Activities
Surplus of £12k increased from a deficit of £17k in 2015/16. This is due to an increase in investment income now the new investments are established (£24k) and rental income (£5k) in 2016/17.
Balance Sheet
Slight reduction of £1k in the value of Investment Properties for the sale of land at St. Peters during 2016/17, and an increase in the value of Investments of £131k due to investment of proceeds from sale of the Land at St. Peters (£10k) and an increase in valuation (£121k).
The value of the fund at year end was £4.951M, an increase of £148k on the previous year. This is attributable to the surplus on the sale of a plot of land at St. Peters Church £8k and a gain on the revaluation of stock market investments £132k. There was also an increase in the unrestricted funds held of £8k during 2016/17
Subject to its approval by this Committee, the document as above will be forwarded to the Council's external auditors Wales Audit Office for independent examination.
Letters of application and grant application forms
Gemma Jones
Principal Accountant
Accountant
Directorate of Resources
Tel: 01446 709152
None
Rob Thomas
Managing Director