The Society publishes a number of reports that provide insight into the workings of the organisation. These include:
2010/11 was a good year financially for the Society, which now has over 2,500 properties in ownership or under management. Our surplus of £1.5 million helped fund over 100 additional properties, with 400 more homes in the pipeline. The Society's 2010/11 board report and financial accounts are available for review.
We have continued to invest heavily in improving existing properties in order to ensure our residents enjoy good quality homes, and to protect our income stream. During the year, over £2 million was spent on major improvements to properties. This work included boiler replacements, new kitchens, re-wiring, an external decoration programme and a number of improvements to communal areas.
This years annual report to residents is now available to view. If you would like to be sent a hard copy in the post, please e-mail info@colnehousing.co.uk or call 01206 244700.
The Society's Business Plan for 2011/12 - 2015/16 is also available for review.
| Balance Sheet | 31/03/2011 |
31/03/2010 |
£000's |
£000's |
|
| Housing Assets | 136,087 |
118,182 |
| Less | ||
| Social Housing Grant | (56,971) |
(53,065) |
79,116 |
65,117 |
|
| Other fixed assets | 638 |
16 |
| Total Fixed Assets | 79,754 |
65,284 |
| Current Assets | 1,373 |
887 |
| Current Liabilities | (6,386) |
(3,337) |
| Net Current Assets | (4,493) |
(1,891) |
| Total Assets less current liabilities | 75,261 |
63,393 |
| Financed by | ||
| Loans | 48,825 |
38,418 |
| Reserves | 26,436 |
24,975 |
75,261 |
63,396 |
|
| Income and Expenditure - | 31/03/2011 £000's |
31/03/2010 £000's |
| Turnover | 10,797 |
10,175 |
| Operating Costs | (7,718) |
(6,483) |
| Operating Surplus | 3,079 |
3,692 |
| Surplus on Sale of Properties | - |
59 |
| Interest Receivable | - |
|
| Interest Payable | (1,618) |
(1,556) |
| Surplus for the year | 1,461 |
2,195 |