| Rye Town Council |
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| Notes
to the Accounts |
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| For
The Year Ended 31 March 2005 |
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| 7 |
Pensions |
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For
the year of account the Council's contributions equal 11.2 % of the
employees' pensionable |
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pay. |
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These
contributions will need to increase to 13.3% in 2005/2006 so as to provide
adequately for |
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known liabilities. |
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Approved by: |
Hymans Robertson |
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(Actuaries to the Pensions Fund) |
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| 8 |
Fixed Assets |
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2005 |
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2004 |
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£ |
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£ |
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As at 31 March 2005 the following
assets were held: |
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Value |
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Value |
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Freehold Land and
Buildings |
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Town Hall |
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350,000 |
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350,000 |
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Cottage |
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190,000 |
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Heritage Centre |
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190,000 |
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190,000 |
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730,000 |
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730,000 |
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Vehicles and Equipment |
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Office Furniture |
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719 |
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873 |
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Other Furniture |
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24,800 |
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25,295 |
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Equipment - Office and Other |
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4,098 |
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5,700 |
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Sundry |
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25,339 |
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27,703 |
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54,956 |
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59,571 |
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Infrastructure Assets |
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Signage (no value) |
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- |
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- |
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- |
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- |
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Community Assets |
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Playing Field (999 year lease) |
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11,000 |
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11,000 |
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Town Model |
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40,000 |
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40,000 |
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Other Community Assets |
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361,780 |
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361,780 |
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412,780 |
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412,780 |
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1,197,736 |
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1,202,351 |
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The basis of valuation of the above
assets is set out in the Accounting Policies (Note 1) |
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