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Tenant Annual Report 2021 2022

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4. Finance

Money Matters

Our Housing Services’ turnover for 2021/2022 was £20,278,000. It is important that we spend the money that we receive wisely.

Where did the money come from? 

Every £1 we received was made up of:

Description

Cost

Housing rents

 93p

Garage rents

 2p

Service charges

 5p

 

Where did the money go?

Every £1 we spent was used for:

Description

Cost

Repairs and maintenance

 34p

Housing Management costs (this is the cost to run Tenancy Services and Housing Assets)

 31p

Capital Charges (this is the cost of larger projects, for example building new homes and making improvements to homes spread over a period of time)

 33p

Other

 2p

 

Please note that these figures are still subject to an audit.