TENANT MANAGEMENT ORGANISATION

MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010

All figures in '000

ANNUAL FORECAST POSITION TO DATE

TMO COMPANY BUDGETS Annual Budget (OriginaAnnual Forecast (CurreVariance from Budg% Variance from Annual Budget Budget to Date Spend/ Income YTD Variance from Budge% Variance from Budget to Date
A C D (C-A) E(D/B) I J K(J-I) L(K/I)
Management fee #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Capital Programme Team fee #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Community Alarm Service Income #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Other Income #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

People costs #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Establishment costs #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Service delivery costs #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Support costs #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

Surplus/(Deficit) Excluding Lancaster West #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

Lancaster West -14.98992 -114.97954 -129.96946 8.6704572139 -6.2458 -104.83942 -111.08522 17.7855871145

Lancaster West Transfer from Reserves -15 115 100

Surplus/(Deficit) Including Lancaster West #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

EXCEPTION REPORTING - FORECAST AT +/- 10%

Cause for concern Room for Improvement Good

TENANT MANAGEMENT ORGANISATION DIVISIONAL REPORTING
MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010
All figures in '000

ANNUAL FORECAST POSITION TO DATE

CEO Annual Budget (OriginaAnnual Forecast (CurreVariance from Budg% Variance from Annual Budget Budget to Date Spend/ Income YTD Variance from Budge% Variance from Budget to Date
A C D (C-A) E(D/B) I J K(J-I) L(K/I)
Management fee 10294.04796 10294.04796 0 0 4289.18665 4289.18665 0 0
Other Income 0 1.306 1.306 0 0 1.30625 1.30625 0
10294.04796 10295.35396 1.306 0 4289.18665 4290.4929 1.30625 0

People costs -820.2306 -804.21712 16.01348 -0.0195231439 -341.76275 -288.30286 53.45989 -0.1564239813
Establishment costs -104.7498 -103.16647 1.58333 0.0151153511 -43.64575 -30.25825 13.3875 -0.3067308959
Service delivery costs -22.99992 -22.99992 0 0 -9.5833 -5.86755 3.71575 -0.3877317834
-947.98032 -930.38351 17.59681 -0.0185624212 -394.9918 -324.42866 70.56314 -0.1786445693

Surplus/(Deficit) before Tax 9346.06764 9364.97045 18.90281 0.0020225415 3894.19485 3966.06424 71.86939 0.0184555198

EXCEPTION REPORTING - FORECAST AT +/- 10%

Cause for concern Room for Improvement Good

TENANT MANAGEMENT ORGANISATION DIVISIONAL REPORTING
MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010
All figures in '000

ANNUAL FORECAST POSITION TO DATE

CUSTOMER SERVICES Annual Budget (OriginaAnnual Forecast (Curr Variance from Budg% Variance from Annual Budget Budget to Date Spend/ Income YTD Variance from Budg% Variance from Budget to Date
A C D (C-A) E(D/B) I J K(J-I) L(K/I)
Community Alarm Service Income 469.52856 492.682 23.15344 0.0493121015 195.6369 214.15842 18.52152 0.0946729375
Capital Programme Team fee 461.71332 461.71332 0 0 192.38055 184.19228 -8.18827 -0.0425628786
Other Income 110.46252 111.36252 0.9 0.0081475599 46.02605 39.86957 -6.15648 -0.1337607724
1041.7044 1065.75784 24.05344 0.023090466 434.0435 438.22027 -14.34475 -0.0330491068

People costs -5060.3544 -5019.43242 40.92198 -0.0080867814 -2108.481 -2125.01888 -16.53788 0.0078435044
Establishment costs -316.85684 -339.15688 -22.30004 0 -132.0237 -162.27062 -30.24692 0.2291021991
Service delivery costs -679.86204 -689.84204 -9.98 0.0146794488 -283.27585 -399.69077 -116.41492 0.4109595647
Support costs -36.78684 -30.43488 6.35196 0 -15.32785 -12.26415 3.0637 0
-6093.86012 -6078.86622 14.9939 -0.002460493 -2539.1084 -2699.24442 -160.13602 0.0630678155

Surplus/(Deficit) before Tax -5052.15572 -5013.10838 39.04734 -0.0077288473 -2105.0649 -2261.02415 -174.48077 0.0828861713

EXCEPTION REPORTING - FORECAST AT +/- 10%

Cause for concern Room for Improvement Good

TENANT MANAGEMENT ORGANISATION DIVISIONAL REPORTING
MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010
All figures in '000

ANNUAL FORECAST POSITION TO DATE

PEOPLE & ORGANISATIONAL DEVELOPMENT Annual Budget (OriginaAnnual Forecast (Curr Variance from Budg% Variance from Annual Budget Budget to Date Spend/ Income YTD Variance from Budg% Variance from Budget to Date
A C D (C-A) E(D/B) I J K(J-I) L(K/I)
People costs -684.44364 -685.90246 -1.45882 0 -285.18485 -292.07905 -6.8942 0
Service delivery costs 0 -25 -25 0 0 -7.77578 -7.77578 0
Establishment costs -125.31816 -123.0782 2.23996 -0.0178741852 -52.2159 -47.788 4.4279 -0.0847998407
Support costs -145.3 -140.3 5 -0.0344115623 -60.54165 -89.50927 -28.96762 0.4784742405
-955.0618 -974.28066 -19.21886 0.0201231585 -397.9424 -437.1521 -39.2097 0.0985310939

Surplus/(Deficit) before Tax -955.0618 -974.28066 -19.21886 0.0201231585 -397.9424 -437.1521 -39.2097 0.0985310939

EXCEPTION REPORTING - FORECAST AT +/- 10%

Cause for concern Room for Improvement Good

TENANT MANAGEMENT ORGANISATION DIVISIONAL REPORTING
MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010
All figures in '000

ANNUAL FORECAST POSITION TO DATE

FINANCIAL SERVICES Annual Budget (OriginaAnnual Forecast (Curr Variance from Budg% Variance from Annual Budget Budget to Date Spend/ Income YTD Variance from Budg% Variance from Budget to Date
A C D (C-A) E(D/B) I J K(J-I) L(K/I)
Other Income 217.55496 377.777 160.22204 0.7364669599 90.6479 250.51842 159.87052 1.7636428423
Total Income 217.55496 377.777 160.22204 0.7364669599 90.6479 250.51842 159.87052 1.7636428423

People costs -1297.70592 -1266.87732 30.8286 -0.0237562298 -540.7108 -506.90003 33.81077 -0.0625302287
Establishment costs -630.58868 -999.0736 -368.48492 0.5843506737 -262.7453 -547.03992 -284.29462 1.0820160056
Service delivery costs -110.49996 -123.99996 -13.5 0.1221719899 -46.04165 -48.74463 -2.70298 0.0587072792
Support costs -924.76284 -860.18316 64.57968 -0.0698337749 -385.31785 -297.77366 87.54419 -0.2271999338
-2963.5574 -3250.13404 -286.57664 0.0967002158 -1234.8156 -1400.45824 -165.64264 0.1341436244

Surplus/(Deficit) before Tax -2746.00244 -2872.35704 -126.3546 0.0460140159 -1144.1677 -1149.93982 -5.77212 0.0050448199

EXCEPTION REPORTING - FORECAST AT +/- 10%

Cause for concern Room for Improvement Good

TENANT MANAGEMENT ORGANISATION DIVISIONAL REPORTING
MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010
All figures in '000

ANNUAL FORECAST POSITION TO DATE

STRATEGY & ENGAGEMENT Annual Budget (OriginaAnnual Forecast (Curr Variance from Budg% Variance from Annual Budget Budget to Date Spend/ Income YTD Variance from Budg% Variance from Budget to Date
A C D (C-A) E(D/B) I J K(J-I) L(K/I)
Other Income 2.49996 14.52996 12.03 0 1.04165 13.59 12.54835 0
2.49996 14.52996 12.03 0 1.04165 13.59 12.54835 0

People costs -501.4314 -559.10102 -57.66962 0.1150099894 -208.92975 -245.33555 -36.4058 0.174249
Establishment costs -17.85 -32.85 -15 0.8403361345 -7.4375 -15.64013 -8.20263 1.1028746218
Service delivery costs -41.07 -41.274 -0.204 0.0049671293 -17.1125 -9.03582 8.07668 -0.4719754565
-560.3514 -633.22502 -72.87362 0.130049858 -233.47975 -270.0115 -36.53175 0.1564664602

Surplus/(Deficit) before Tax -557.85144 -618.69506 -60.84362 0.1090677834 -232.4381 -256.4215 -23.9834 0.1031818794

EXCEPTION REPORTING - FORECAST AT +/- 10%

Cause for concern Room for Improvement Good

TENANT MANAGEMENT ORGANISATION DIVISIONAL REPORTING
MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010
All figures in '000

ANNUAL FORECAST POSITION TO DATE

LANCASTER WEST Annual Budget (OriginaAnnual Forecast (Curr Variance from Budg% Variance from Annual Budget Budget to Date Spend/ Income YTD Variance from Budg% Variance from Budget to Date
A C D (C-A) E(D/B) I J K(J-I) L(K/I)
Management fee 334.08696 334.08696 0 0 139.2029 139.2029 0 0
334.08696 334.08696 0 0 139.2029 139.2029 0 0

People costs -288.53916 -384.29858 -95.75942 0.3318766853 -120.22465 -209.06861 -88.84396 0.7389828958
Establishment costs -54.30564 -60.70796 -6.40232 0.1178942003 -22.62735 -34.97371 -12.34636 0.5456387955
Service delivery costs -4.05996 -4.05996 0 0 -1.69165 0 1.69165 -1
Support costs -2.17212 0 2.17212 -1 -0.90505 0 0.90505 -1
-349.07688 -449.0665 -99.98962 0.2864401103 -145.4487 -244.04232 -98.59362 0.6778583789

Surplus/(Deficit) before Tax -14.98992 -114.97954 -99.98962 6.6704572139 -6.2458 -104.83942 -98.59362 15.7855871145

Lancaster West Transfer from Reserves -15 115 100

Lancaster West Surplus/(Deficit) -15 0 0 #DIV/0!

EXCEPTION REPORTING - FORECAST AT +/- 10%

Cause for concern Room for Improvement Good

TENANT MANAGEMENT ORGANISATION
BALANCE SHEET FOR PERIOD ENDED 31st August 2010
All figures in '000

NOTE POSITION AS AT

BALANCE SHEET 31st August 2010 31st Mar 2010

FIXED ASSETS
Tangible assets 1374.28275 1062.05624

CURRENT ASSETS: amounts falling due within one year

Trade debtors 1 180.72423 366.80898
Less: provision for bad debts -52.86753 -52.86753
127.8567 313.94145
Other debtors 74.85682 157.10855
Prepayments and accrued income 66.50579 554.01688
Debtors 269.21931 1025.06688
Cash at bank and in hand 2 1459.22841 2314.769
1728.44772 3339.83588
CREDITORS: amounts falling due within one year
Trade creditors 3 383.88792 272.31691
Corporation tax 0 43.95633
Other taxes and social security 12.96482 23.9429
Other creditors 18.65248 32.23735
Accruals and deferred income 699.99809 881.91732
1115.50331 1254.37081
NET CURRENT ASSETS 612.94441 2085.46507

TOTAL ASSETS LESS CURRENT LIABILITIES 1987.22716 3147.52131

NET ASSETS BEFORE DEFINED BENEFIT PENSION SCHEME LIABILITY 2998.29492 3147.52131

Defined benefit pension scheme liability 4 -9210.419 -9210.419

TOTAL NET LIABILITIES, INCLUDING DEFINED BENEFIT PENSION SCHEME DEFICIT -6212.12408 -6062.89769

CAPITAL AND RESERVES

Profit and loss account excluding pension scheme deficit 2998.29492 3147.52131
Defined benefit pension scheme liability -9210.419 -9210.419

Members' funds -6212.12408 -6062.89769

TENANT MANAGEMENT ORGANISATION - BOARD REPORT
MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010
All figures in '000
ANNUAL FORECAST POSITION TO DATE
A B C (B-A) D (C/A) H I J (H-I) K (J/I)

HRA MANAGED BUDGETS Annual Budget (OriginaAnnual Forecast (Curre Variance Forecast from% Variance Forecast from Annua Actual to Date Budget to Date Variance from Bud% Variance from Budget to Date
Dwelling Rents #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Tenant Service Charges #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Leaseholder Service Charges #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Heating & Hot Water Charges #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Commercial Properties Rent Income #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Garage Rent Income #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Other Charges for Services & Facilities/Contributions Towards Expenditure #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Supporting People Contract Income #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Total Income #N/A #N/A #N/A #N/A 0 #N/A #N/A #N/A #N/A

Rents, Rates, Taxes and Other Charges #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Planned Maintenance #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Responsive Maintenance #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Planned Response Repairs #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Electricity, Heating & Hot Water #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Provision for Bad and Doubtful Debts #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Contract Cleaning #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Pest Control #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Refuse Collection #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
General Management #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Area Revenue Works #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Total Expenditure #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

Transfer To/From Reserves (HRA) #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

Net Income/(Expenditure) #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
 TMO COMPANY BUDGETS 2009/10
TENANT MANAGEMENT ORGANISATION

MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010

All figures in '000

Reserves / Allocatio 2010/11 Annual Bud2010/11 Total Funds AvaCurrent Funds Committ Actual Spend Year to D Uncommitted Spend to Yea 2010/11 Forecast for Full

AREA REVENUE WORKS BUDGET A B C (A+B) D

LANCASTER WEST 0 -23.7 -23.7 0 0 23.7 23.7

KENSAL 0 -23.7 -23.7 0 0 23.7 23.7

NORTH KENSINGTON -0.946 -23.7 -24.646 49.871 17.545 -42.77 24.646

NOTTINGHILL -11.807 -23.7 -35.507 0.7 0 34.807 35.507

PORTOBELLO -6.286 -23.7 -29.986 2.495 2.987 24.504 29.986

BROMPTON -36.354 -28.4 -64.754 0 4.75 60.004 64.754

CHELSEA -37.37 -28 -65.37 11.395 10.66 43.315 65.37

WORLDS END -23.296 -14.5 -37.796 4.156 4.161 29.479 37.796

SHELTERED -3.729 -10.1 -13.829 0 2.195 11.634 13.829

UNALLOCATED -12.07 0 -12.07 0 0 12.07 12.07

AREA REVENUE WORKS BUDGET -131.858 -199.5 -331.358 68.617 42.298 220.443 331.358

TMO REGENERATION ALLOCATION -70.91 -70.91 0 0 70.91

GRAND-TOTAL -202.768 -199.5 -402.268 68.617 42.298 220.443 402.268

Note: The forecast spend assumes that the brought forward reserves and current year alloaction will be fully utilised during the year.

file:///conversion/tmp/scratch/357919714.xls 06/14/2017 at 11:27:52

 TMO COMPANY BUDGETS 2009/10

TENANT MANAGEMENT ORGANISATION

MANAGEMENT REPORTING FOR PERIOD ENDED 31st August 2010

CURRENT HRA DEBT POSITION

Description End March End March End March End March End March End May End June End July End August

2006 2007 2008 2009 2010 2010 2010 2010 2010

Tenant 1091952 1431589 1605293.45 1714677 1463370 1559296 1557252 1518877 1476572

Leasehold - Service Charges 1443648 1782135 2509078.7 1779273.62 1538404 1113344 1541362 1194539.17 981365

Leasehold - Major Works 4213934 4947427 4850423.41 5482058.51 4582968 4312385 4316158 4085170.53 3914704

Total Debt 6749534 8161151 8964795.56 8976009.13 7584742 6985025 7414772 6798586.7 6372641

Current Payment Plans at 31st August 2010

Leasehold - Service Charges 95930

Leasehold - Major Works 680319

Total 776249

file:///conversion/tmp/scratch/357919714.xls 06/14/2017 at 11:27:52