Somerford Keynes Parish Council – Explanation of Variances 2020/21

Other Receipts                                                                                          £

-37.62%                                                                                                 -2894

A reduction in grant and donations received in 2021/21                         3180

compared to the previous year

Other Payments

+ 29.91%                                                                                                1988

Contribution to Village gateway signs                                                     1750

Reserves

As at 31 March 2020                                                                            £8342

As at 31 March 2021                                                                            £4377

Decrease in reserves: -47.53%                                                            £3965

Explanation of decrease

Expenditure in the year against the

Grant received from Calor Gas included

in the accounts to 31 March 2020                                                            2390

Contribution to Village Gateway Signs                                                     1750

                                                                                                               £4140      

N.B. The unspent amount of Calor Gas Grant at 31 March 2021 was    £800