Finances

 

Annual Contribution

To finance the maintenance of the private roads we are funded by annual receipts from residents on the Estate. For 2025 the fee is a modest £125 per household (for 2024 it was £110).The annual fees were first introduced many decades ago when the Estate was being developed, and today’s figure is consistent with those original figures updated for inflation. There are some 600 properties on the Downlands Estate so our base revenue for 2025 should be around £75k if payment is received from all households. 

 

The annual fees are set at the previous year’s AGM. Owing to the composition of the roads they will require maintenance more often than a standard roadway. The annual charges are set to meet the ongoing maintenance but are unlikely to be sufficient to meet any substantial remedial work which may arise in the future.

 

It is important to note that we can only maintain the roads to the extent that we receive advance funding from residents to do so; no funding, no maintenance. Taking one year with another we aim to spend all the annual funding received on maintaining the roads, subject to our general policy of holding around £40,000 in reserves. 

 

Build Levy

Over many years there has been continuing growth in the development of properties and sites on the Estate resulting in heavy construction works and related vehicles and delivery trucks. This takes its toll on the roads. Therefore, to help fund ongoing road maintenance, EDDR has introduced a ‘build levy’, effective from April 2024. The levy will generally be based on the size of any approved construction, development, or extension. Once a planning application has been approved by the SDNPA (as Planning Authority) EDDR will assess the size of the works and contact the applicant requesting a ‘build levy’ on commencement of the works (blank letter in the on-line library).

 

Past Financial Performance

The table below shows summary annual financial results over the past few years together with the annual contribution requested per household. Further financial info for 2022 and 2023 can be found in the Annual Reports within the AGM folder in the on-line library.

 

 

2024

2023

2022

2021

2020

2019

Income 

 

£54,711

£48,021

£48,513

£45,971

£41,702

Maintenance Costs  *

 

(£3,886)

(£24,124)

(£44,712)

(£64,088)

(£45,348)

Drainage Costs

 

(£8,238)

(£2,271)

(£3,420)

(£3,420)

(£5,643)

Gross Profit

 

£42, 587

£21,626

£381

(£21,537)

(£9,289)

Admin Costs

 

(£3,527)

(£5,093)

(£4,411)

(£4,460)

(£4,418)

Interest Received

 

£688

£15

£3

£21

£34

Surplus/Deficit

 

£39,748

£16,548

(£4,027)

(£25,976)

(£13,673)

Retained Earnings

 

£91,684

£51,936

£35,388

£39,415

£65,391

Contribution / household

£110

£95

£90

£85

£80

£75

* The Road Maintenance costs in the table above come from:- 

  • 2023       pothole and other minor repairs - £3,886
  • 2022       resurfacing - Summerdown Lane (part) - £24,124
  • 2021       resurfacing Peakdean Lane (part) - £44,712
  • 2020       resurfacing Peakdean Lane (part) - £51,314; Pothole repairs and white lining - £12,774
  • 2019       resurfacing The Link (part) - £15,367, Wenthill Lane - £22,403; Patchwork, white lining  and misc repairs - £7,578

 

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