Group I&E Summary - by Category Year to date Operating Income HRA Management Fee Other Landlord Fees Service Charge Fee (Inc.) Furniture Rentals (External) Furniture Sales Telecare Income Leaseholder charges Other Income Grants and Donations Operating Expenditure Staff Premises Transport Supplies and Services Furniture cost of sales SLAs and recharges Depreciation Grants and Donations Bad debt expense Efficiencies identified Gain on Disposal Finance Costs Interest Costs
Income contingency
Group total to reserves
£'000
£'000
£'000
£'000
Annual Budget
YTD Budget
YTD Actuals
YTD Variance
17,821 2,025 8,438 5,894 3,052 1,209 54 1,567 52 40,113
4,455 506 2,204 1,474 719 302 23 395 13 10,093
4,455 380 2,211 1,194 834 254 23 457 16 9,822
(0) (127) 7 (279) 114 (48) (1) 62 2 (270)
(24,560) (1,268) (1,012) (2,972) (1,897) (2,193) (3,687) (52) (10) (210) 0 (37,861)
(6,298) (307) (250) (707) (462) (571) (922) (13) (2) (31) 0 (9,564)
(6,233) (288) (222) (575) (591) (483) (765) (15) (48) 0 39 (9,180)
65 20 28 132 (129) 88 157 (2) (45) 31 39 384
(292) (292)
(73) (73)
(73) (73)
(0) (0)
(718)
(180)
0
180
1,243
277
569
292
Manager summary: Furniture rental income is lower than budget, as customers reduce pack sizes. The shortfall from the loss of the Byker contract is shown against "other landlord fees". Supplies and services costs are lower than planned because spend delivering the refugee contracts has not come through so far in the year as we expected (the income is unaffected). There are also numerous small underspends on discretionary budgets that we expect to be used during the year. Depreciation costs are lower than estimates as we reuse more furniture. A prudent bad debt provision for Ostara has been made, greater than budget.
We have recorded a gain on disposal of £39,000 which represents the surplus on the furniture that Byker bought from Abri Trading at the end