The Board is pleased to announce, that following the preparation of our budget forecast for 2016 / 17, it was agreed that an increase in the annual service charge would not be necessary.
The service charge will remain the same as last year, £2,669 per annum. ( average per flat ).
We still have very strong reserves and our annual expenditure is very well managed, an increase in the service charge will not be needed.
Roy Godfrey Chairman