Financial Information (Transparency Code)

Parish Budget and Precept for 2017-2018

The Parish Council annually reviews its income and expenditure at a full Parish Council meeting normally held in November and sets the village precept which is submitted to Durham County Council for inclusion in the county tax band calculations.

For the year 2017-2018 your parish council agreed to increase the village precept by £166 to cover website maintenance costs and general maintenance inflationary costs. 

The village precept for the forthcoming year is £6810 which forms the bulk of the Parish Council income. We always strive to spend this money prudently around maintenance issues around the parish to maintain and enhance the aesthetics of the village.

End of Year Accounts and Annual Returns

2016-2017 Accounts and Annual Return

At the end of each financial year the parish council must formerly approve its accounts and submit to an independent financial auditor for approval. The accounts for 2016-2017 have been formerly approved and the Notice of Conclusion of Audit, Annual Governance Statement and Annual Report can be seen below.

Notice of Conclusion of Audit 2016/2017

Annual Return Year Ended 31/03/2017

Previous years’ accounts can be found below:
Cotherstone Parish Council Accounts 2013-2014 (.pdf)

Cotherstone Parish Council Accounts 2014-2015  (.pdf)
Annual Report including Annual Governance Statement 2014-15 (.pdf)
Notice of Conclusion of Audit (.pdf)

Cotherstone Parish Council Accounts, Annual Governance Statement, Annual Report and External and Internal Report 2015-16

Transparency Code requirements

The Local Audit and Accountability Act 2014 sets out a new framework for local public authorities which are currently covered by the audit commission regime. Under the new framework local councils with an annual turnover not exceeding £25’000 will be exempt from routine external audit.

  • All items of expenditure greater than £100 are minuted within the monthly Parish Council Minutes
  • End of year accounts are shown above
  • An annual governance statement is produced in accordance with the format of the annual return audit form
  • Internal annual audit report, an annual internal financial audit is carried out prior to current submission to the external auditing body
  • Public land and Building Assets, the Parish Council has ownership of the following assets (all land assets are registered with the Land Registry, registry reference number: DU322215)
    • East Green
    • West Green
    • Cemetery
    • The Hagg Grounds
    • The Council has one building asset, the Hearse House (opposite the Village Hall) which is rented out as a garage on an annual basis and used for storage of Village Hall surplus equipment.
  • Councillor responsibilities are defined in the schedule of councillors, limited to chair and vice chair due to the size/responsibilities of the Parish Council.