Financial Statements 7
4.4 Particulars of income and expenditure from social housing lettings - Association Retirement housing to let £’000 Residential care homes £’000
Total 2024 £’000
Total 2023 £’000
Income Rent receivable net of identifiable service charges
181,005 101,917 282,922 12,453 10,763 306,138 –
284,245 465,250 404,801
Service charge income Net rental income
– 101,917
76,654
284,245 567,167 481,455
Amortised government grants
289 278
12,742
12,974 5,396 11,150
278
Other revenue grants 1
Other income from social housing lettings Turnover from social housing lettings
1,710
12,473
286,522 592,660 510,975
Expenditure Management
46,935 94,092 28,266 26,377
31,939
78,874
77,417
Service charge costs Routine maintenance Planned maintenance
224,498 318,590 263,403
4,942 4,432
33,208 30,809 1,668 66,812 2,639 1,142 8,861 761
26,968 28,889 1,223 61,915 1,023 427
Bad debts
831
837 682
Lease charges
79
Depreciation of housing properties Impairment of housing properties Depreciation of other assets
47,773
19,039 2,639 1,142 8,861
– – –
859
Amortisation of goodwill
3,692
Other costs
25
499
524
196
Operating costs on social housing lettings
244,378 61,760 57,306
299,510 543,888 466,012
Operating surplus / (deficit) on social housing lettings Prior year surplus / (deficit) on social housing lettings
(12,988) (12,343)
48,772 44,963
44,963
–
The value of void losses was £5,754,000 (2023: £4,408,000). 1 Other revenue grants in 2023 includes UK Government Infection Control Grant (“ICG”) and Local Authority Sustainability Funding.
81
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