Financial Information

Below you can see summaries of the Council’s finances for the last few years. If you like more detail or have any questions please get in touch.

• How we used your money in 2023-2024
• How we used your money in 2022-2023 
• How we used your money in 2021-2022
• How we used your money in 2020-2021

Financial Regulations

The financial regulations govern the conduct of the financial transactions of the Council and may only be amended or varied by resolution of the Council.

• Financial Regulations 2023-2024
  The way we manage your money and ensure it’s spent efficiently.

Annual Return

Explanation of the process:

The Town Council’s accounting year runs from 1 April to 31 March.

The Annual Return (Annual Governance and Accountability Return – AGAR) comprises of a 6 page document that must be presented to the Full Town Council for formal approval before it is submitted to the external auditor by 30^th of June each year.

The independent internal auditor is also required to sign the Annual Return.

The Annual Return is sent to the external auditor with a variety of supporting documentation, which varies from year to year depending on the specific request of the external auditor. However, the supporting documentation normally includes copies of end of year bank statements and all reports made by the internal auditor, and often insurance policy details, asset and property registers, copies of governance documentation (council rules), risk management schedules and copies of minutes for some specific items.

Upon receipt, the external auditor will examine the Annual Return and its supporting documentation. Sections 1 and 2 of the AGAR form can be found here. The external auditor will then complete section 3 (of the 6 page Annual Return) the ‘External Auditor’s Report and Certificate’ and return it to the Town Council. Please click here to review section 3 of the report.

The Town Council is required to display the fully completed (6 page) Annual Return, with an accompanying notice that advises local electors how they can view the Annual Return. Please click here to review this notice.

The Precept:

The Precept is that element of your Council Tax that is paid to Darley Dale Town Council.

Every year, the Town Council draws up budgets and calculates how much money it needs for the next Financial Year. These are usually finalised at the January Full Council meeting and then submitted to Derbyshire Dales District Council (DDDC). DDDC co-ordinate the other demands from Derbyshire County Council, Police and themselves and come up with the rate to be paid from 1st April that year.

The Town Council’s approved Precept for 2023-2024 was £172,300 which was the same as 2022-2023.

Summary of Budget Planning Process

During the winter months the Town Council meet as required to discuss and decide the budget for the forthcoming financial year. The Finance Advisory Committee meet to discuss the needs and wants for the Town Council, and then recommend a draft budget to the Full Town Council.

At its meeting in November or December the Full Town Council agree the proposed budget.

Once agreed it is passed as a resolution and the District Council are then notified of the amount required as the Precept for Darley Dale.

Grants

Darley Dale Town Council runs a grant scheme that helps residents by offering practical financial support to local voluntary and community groups, clubs, local charities and not-for-profit organisations where the use can be shown to be of benefit to Darley Dale or the residents of Darley Dale.

The Council has powers to give financial aid under various statutes, notably the Local Government Act 1972:

• S137: expenditure for purposes not otherwise authorised, which are considered to be in the interests of, and bringing direct benefit to, the area and its community;
• S142: provision of information concerning services available;
• S144: encouragement of visitors; provision of conference & other facilities;
• S145: provision of entertainment or development of arts and crafts.

Local Government (Miscellaneous Provisions) Act 1976:

• S19: provision of recreational, social and sporting facilities.

There is a limited budget each year for grants and the amounts requested often exceed the fund available. It is therefore important that all the questions on the application form are answered as fully as possible to provide a detailed picture of your proposed project or of the activities of your organisation within the town.

The Council has four funding aims targeting Loneliness and Social Isolation, Youth Projects, Environmental Schemes and Health and Wellbeing. Projects addressing these aims will be given priority although any project will be considered.

Applications are accepted at any time throughout the year, and can be made for help towards a special project.

Please click here to see examples of grant funding given to the local community.

Please click here for the grant application form.

For further information, please contact the Town Clerk.