Finance & AGAR
Financial documents published in accordance with the Accounts and Audit Regulations 2015 and the Local Government Transparency Code 2015.
AGAR Assertion 10: By publishing this page, Torver Parish Council confirms that it has met the publication requirements of the Transparency Code for Smaller Authorities. This satisfies Assertion 10 of the Annual Governance and Accountability Return (AGAR).
About the Transparency Code
The Local Government Transparency Code 2015 requires smaller authorities (with a gross annual income or expenditure not exceeding £200,000) to publish certain information online. This page provides all information required by the Code, including financial data and governance documents.
As a smaller authority, Torver Parish Council also completes an Annual Governance and Accountability Return (AGAR) each year. The AGAR is independently reviewed by a local auditor appointed by SAAA (Smaller Authorities' Audit Appointments Ltd).
Annual Governance and Accountability Return (AGAR)
The AGAR consists of three sections. Sections 1 and 2 are completed by the council; Section 3 is completed by the external auditor. All sections must be published after the audit is concluded.
Latest year: [Financial Year — 2025/26]
- AGAR Certificate of Exemption 2024/25
- AGAR Section 1 — Annual Governance Statement 2025/26
- AGAR Section 2 — Accounting Statements 2025/26
- AGAR Section 3 — External Auditor Report and Certificate 2024/25
Notice of Public Rights
The Notice of Public Rights is published annually and sets out the period during which local electors and their representatives may inspect the council's accounts and supporting documents.
Internal Audit
Torver Parish Council appoints an independent internal auditor each year to review the council's financial controls and record-keeping. The internal audit report is presented to the council before the AGAR is signed.
Bank Reconciliation
The bank reconciliation confirms that the council's cash book and bank statements agree at the end of each financial year. It is presented to the council and forms part of the internal audit process.
Explanation of Variances
Where actual income or expenditure differs from the budget by a material amount, the council provides a brief explanation. This forms part of the AGAR process.
Annual Budget
The annual budget is approved by the full council in January each year, before the start of the new financial year on 1 April. It sets out the council's planned income and expenditure.
Precept
The precept is the amount collected from council tax payers in Torver to fund the parish council's activities. It is collected by Westmorland and Furness Council and paid to the parish council in two instalments.
| Financial year | Precept amount (£) | Band D equivalent (£) |
|---|---|---|
| [23/24] | [£3960] | [£amount] |
| [24/25] | [£4120] | [£amount] |
| [25/26] | [£4120] | [£amount] |
Schedule of Payments over £100
The Transparency Code requires smaller authorities to publish all items of expenditure above £100. These are listed in the tables below, or are available in the council's payment schedules.
Register of Assets
The council maintains a register of all land and building assets and other property it owns or manages. This is required by the Transparency Code.
Insurance
The council maintains insurance cover for third party liability, employee liability and all building assets and other property it owns or manages.