Benchmark
Dukes Court (Lewisham) Residents Company Limited - Service Charge Accounts
Plan 2017 Forecast Outturn
Income & Expenditure - Budget 2018 2019 2020
Income - service charges to 31 March Service Charge £14,000 £13,500 £13,500 £13,500
Interest & Other Income £0 £0 £0 £0
Total Actual Service Charge Income £14,000 £13,500 £13,500 £13,500
Expenditure - Represents each catagory of expenditure budgeted for management of the block. Building Insurance £2,508 £2,344 £2,399 £2,393
Directors Insurance £161 £136 £136 £136
General Repairs £3,000 £3,632 £3.500 £3.500
Caretaking £3,360 £3,575 £3,215 £2,914
Filing Fee £15 £146 £15 £15
Management Fees £2,500 £2,312 £2,500 £2,500
Electricity £335 £290 £263 £259
Accountancy & Consulting £1,200 £1,200 £1,200 £1,200
Major Works £0 £0 £0 £0
Legal Fees £0 £0 £0 £0
Bank Charges £21 £34 £20 £12
Other £0 £0 £0 £0
Total Budgeted Expenditure £13,100 £13,667 £13,249 £12,930
Net - (deficit) / surplus for the year (Deficit / Surplus £900 £(167) £251 £570
Reserves Balance B/Fwd £10,974 £11,874 £11,707 £11,957
Reserves Balance C/Fwd £11,874 £11,707 £11,957 £12,528
BALANCE SHEET - BUDGET
Current Assets - as at 31 March Service Charge Debtors £500 £167 £56 £19
Cash £11,386 £11,552 £11,914 £12,521
Total Budgeted Current Assets £11,886 £11,719 £11,969 £12.540
Capital & Reserves - as at 31 March Share Capital £12 £12 £12 £12
Maintenance Reserve Fund £11,874 £11,707 £11,957 £12,528
Total Capital & Reserves (asssets less liabilities) £11,886 £11,719 £11,969 £12.540
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