How is Prescot Town Council funded ?
Prescot Town Council is funded through the Annual Precept demand and income received from business related activities carried out at Prescot Town Hall e.g. hiring of Council facilities such as Function Room or Council Chamber.
What is the Precept?
In February each year, Council agrees an annual budget for the forthcoming financial year.
There is a legal requirement for Council to set a balanced budget.
To achieve this, income is matched against expected expenditure requirements in the forthcoming year.
The Precept is the amount of money required to meet Council’s expenditure requirements after taking into consideration expected income from Town Hall business related activities or any other income streams.
2025/26 Precept Demand
For the 2025/26 financial year, Council has set gross expenditure at £361,223.73.
To set a balanced budget, Council has set a precept demand of £314,133.23 equating to £79.79 per band D equivalent property.
The shortfall of £47,090.50 will be found through Town Hall business related activities during 2025/26.
Council is rightly proud that it is has been able to reduce the Precept demand for Prescotians in 2025/26 – a reduction which has been achieved by forensically examining budget lines to ensure they are accurate, by putting greater reliance on achieving income targets; and by passing on savings generated through Brown’s Field and Eaton Street Park reverting back to Knowsley Council
Current and Previous Precept Demands
2025/26 £79.79 = £314,133.23
2024/25 £88.66 = £334,336.86
2023/24 £88.66 = £338,060.58
2022/23 £88.66 = £326,171.00
2021/22 £88.66 = £307,233.00
2020/21 £88.66 = £293,260.00
