Money Matters - Summary of Accounts

YEAR ENDED         

YEAR ENDED

31/03/2006         

   INCOME

31/03/2007

3,589,971         

   Rents

3,788,120

107,714         

   Work Capitalised

108,141

1,888         

   Bank Interest

74,779

-         

   Care & Repair

-

61,355         

   Other Income

85,995

3,760,928         

   Totals

4,057,035

   EXPENDITURE

881,772         

   Management

892,914

102,487         

   Voids & Bad Debts

123,556

317,610         

   Services

198,270

715,718         

   Daily Maintenance

1,031,918

360,250         

   Planned Maintenance

345,092

296,841         

   Development

309,475

908,882         

   Mortgages

926,279

(5,950)         

   (Surplus)/Deficit On Property Sales

(63,516)

9,798         

   Taxation

58,581

70,612         

   New Initiatives

32,060

-         

   Care & Repair

-

8,489         

   Grant To Care & Repair In Powys

8,742

135,117         

   Property Depreciation

140,305

51,792         

   Best Value

1,426

8,949         

   Other Expenditure

27,626

991,617         

   Planned Maintenance Reserve

0

(1,093,006)         

   General Reserve

24,307

3,760,928         

   Totals

4,057,035

   BALANCE SHEET

52,483,976         

   Properties, Offices & Equipment

53,852,613

0         

   Cash

1,271,255

0         

   Investment Account

0

429,689         

   Amounts Owed To The Association

354,276

(15,181,649)         

   Less: Amounts Owed By The Association

(16,976,746)

37,732,016         

   Totals

38,501,398

   REPRESENTED BY

63         

   Share Capital

66

34,629,389         

   Grants For Properties

35,374,460

2,099,666         

   Planned Maintenance Reserve

2,099,666

1,002,898         

   General Reserve

1,027,206

37,732,016         

   Totals

38,501,398