16
The Wheel
Radstock Town Council Precept 2024/2025 The Precept
Income
The precept supports the running of the Community Hub and Library; grants to local community groups and activities, such as the Christmas lights and youth services; and maintenance of our play and outside facilities at Tom Huyton Park, Haydon Batch, Haydon Allotments, Memorial Gardens, and Southfield Recreation Ground.
Expenditure
is a levy raised by the Town Council to fund expenditure for the year, as part of our plan to make Radstock a great place to live, work and shop.
This year’s plans include the development of a new community building and relocation of the Community Hub and Library, together with continued delivery of the Radstock Regeneration Action Plan including delivery of Radstock’s Cultural programme and the development and maintenance of green spaces. The 2024 – 2025 budget had to address several challenges; a major one being rising energy costs which were previously fixed for three years and have now almost doubled. Current inflation rates have affected the council’s operating costs, but the council remains committed to seeking support and funding to provide more for our residents whilst still ensuring value. Successful efforts to identify additional external funding through grants and support has allowed us to support current and future projects. The Town Council thanks Somer Valley Rediscovered, Bath and NE Somerset Council, the West of England Combined Authority and Radstock In Bloom among others for past and future support. The 9.31% increase to the precept equates to an annual charge to residents of £174.91 for a Band D equivalent property.
Precept 309,445 Miscellaneous income 14,903 Grants 127,788 Cultural Programme 25,000 CIL Income 250,000 Rent 10,600 Allotments 1,500 Total Income 739,236
Central Services 179,527 Democratic Process/Civic 1,650 Capital/Projects 471,896 incl Trinity Methodist Church refurbishment 370,00 Fund Repayments 64,500 Loan repayments 37,396 Community Support & Events 92,415 Grants 10,500 Youth Connect 24,415 Magazine/Website 10,500 Christmas/Events 16,000 Cultural Programme 25,000 In Bloom 6,000 Community Hub / Trinity Methodist Church 30,950 Parks and Outside Spaces 52,298 Greenspaces 11,250 Southfield 2,000 Tom Huyton Park and Toilets 21,500 Miners’ Memorial Park and Gardens 6,200 Allotments 1,560 Haydon Batch 9,788 TOTAL EXPENDITURE 828,736
