Money Matters - Summary of Accounts

YEAR ENDED         

YEAR ENDED

31/03/2007         

   INCOME

31/03/2008

3,788,120          

   Rents

3,918,197

108,141          

   Work Capitalised

132,930

74,779          

   Bank Interest

38,983

 -          

   Care & Repair

-

85,995          

   Other Income

51,520

4,057,035          

   Totals

4,141,630

   EXPENDITURE

892,914          

   Management

965,069

123,556          

   Voids & Bad Debts

 33,408

198,270          

   Services

168,124

1,031,918          

   Daily Maintenance

1,065,483

345,092          

   Planned Maintenance

820,226

309,475          

   Development

218,240

926,279          

   Mortgages

 1,079,553

(63,516)          

   (Surplus)/Deficit On Property Sales

(104,017)

58,581          

   Taxation

(21,687)

32,060          

   New Initiatives

6,160

-          

   Care & Repair

-

8,742          

   Grant To Care & Repair In Powys

8,961

140,305          

   Property Depreciation

143,282

1,426          

   Best Value

-

27,626          

   Other Expenditure

1,608

0          

   Planned Maintenance Reserve

0

24,307          

   General Reserve

(242,780)

4,057,035          

   Totals

4,141,630

   BALANCE SHEET

53,852,613          

   Properties, Offices & Equipment

56,375,376

1,271,255          

   Cash

 2,297,402

0          

   Investment Account

0

354,276          

   Amounts Owed To The Association

 328,890

(16,976,746)          

   Less: Amounts Owed By The Association

(19,922,898)

38,501,398          

   Totals

39,078,770

   REPRESENTED BY

66          

   Share Capital

49

35,374,460          

   Grants For Properties

36,194,628

 2,099,666          

   Planned Maintenance Reserve

1,726,666

1,027,206          

   General Reserve

1,157,427

38,501,398          

   Totals

39,078,770