What is an Annual Return (I&E) within Parish and Town Councils

The Annual Return, also know as the Accounting Statements, is a mandatory document that Parish & Town Councils are required to complete at Year End as part of the Annual Governance and Accountability Return (AGAR). The report includes specific categories such as Precept, Staff Costs, and Capital Repayments.

 

What is an Annual Return (I&E) within Scribe Accounts

The Annual Return Report in Scribe produces the figures needed for Section 2 of the AGAR: The Accounting Statements. When working on an Income & Expenditure basis, the figures on the annual return will be net of VAT. 

The report can be ran once all your data has been entered, the bank reconciliation completed as of 31st March, Year End Adjustments entered and the closing VAT position checked.

In order to get the correct figures into the correct lines on the return, you must identify which cost codes belong to each of the headings required by the report.

These are:

• Precept (Line 2)
• Staff costs (Line 4)
• Capital Repayments (Line 5)

This can be done when you set up the cost code by clicking on Capital Expenditure, Staff Costs or Precept under 'type' when you set up or edit the cost code - see here Cost Codes

Any other codes will be incorporated into the other receipts (Line 3) or other payments (Line 6) totals.

 

Where is the Annual Return (I&E) within Scribe Accounts

To access the Annual Return function, log into your Scribe Accounts and navigate to the menu Year End (Inc & Exp) → Annual Return. 

 

How to Generate an Annual Return (I&E) within Scribe Accounts

Log into your Scribe Accounts and navigate to menu Year End (Inc & Exp) → Annual Return.

 

💡Ensure to run 'Calculate', which is the first menu option under Year End (I&E). This step is crucial to ensure all Year End reports within the I&E menu are using the latest figures.

 

The value entered into each box is explained below:

 

1	Balances brought forward	Equals Box 7 from the previous year
2	Precept or Rates and Levies	Total amount of Precept received   (plus rates and levies)
3	Total other receipts	Total of receipts less those relating   to Boxes 2, 4 or 5
4	Staff Costs	Net of payments and receipts coded   to any codes identified as relating to Staff Costs
5	Loan interest/capital   repayments	Net of payments and receipts coded to any codes identified as relating to Capital Repayments
6	All other payments	Total of payments less those relating   to Boxes 2, 4 or 5
7	Balances carried forward	Equal to Boxes (1+2+3) - (4+5+6)
8	Total value of cash and short-term investments	Box 7 less assets plus liabilities (as   listed on the Balance Sheet)
9	Total fixed assets plus long-term investments and assets	Total as entered under Asset   Register
10	Total borrowings	Total as entered under Borrowings