Finance
 |
Impact Housing Financial Accounts 2000
This file is available here in .pdf format. You need Adobe Acrobat Reader to access the file. If you don't have this click here to go to the Adobe Acrobat Download site when you have finished close the window to return here |
| In the year to 31st December 2000 we had an annual turnover of £6.2 million. We achieved a surplus of £226,146 satisfying all loan covenant requirements and we reinvested funds into improving our housing stock. During the year we secured borrowings of a further £7 million with Britannia Building Society to fund future development activities assisted by our legal advisors and our valuers FPD Savills. We have recently reviewed our external auditors and reappointed Beever and Struthers for a further five years. |
|||
Summary Income & Expenditure 2000
|
Income (£'000) |
|||
| Net Rent Receivable | 5571 | ||
| Grants & Other Income | 658 | ||
| Interest Receivable | 68 | ||
|
Total Income |
6297 | ||
|
Expenditure (£'000) |
|||
| Maintenance | 1791 | ||
| Services | 416 | ||
| Management | 2392 | ||
| Depreciation | 318 | ||
| Loan Interest | 801 | ||
| Other Costs | 353 | ||
|
Total Expenditure |
6071 | ||
|
Surplus For The Year |
226 |
Internal Service
The Finance team as well as liaison with external bodies also provide an Internal Service to other teams within Impact Housing.
Up