The summary schedule of budgeted costs for the period 1st July 2023 to 30th June 2024, as agreed by RMC Directors, can be viewed and/or downloaded below.
2023/24 Service Charge Schedule
Service Charge Homeowner Letter (Remus)
Details of Service Charge (Remus)
The overall Service Charge budget has been split into key categories as shown on the Schedule of Costs. The ‘CCMC Sub Total’ represents costs that are directly attributable to our part of the Channels development (Phase 1/2) and the Site-Wide Estate Charge represents our share of the costs (mainly grounds maintenance) that cover all other shared areas of the Channels development.
The figures shown on the Schedule of Costs are estimated budgetary values however actual costs could be higher or lower depending on events that occur throughout the year. It is the responsibility of the RMC, assisted by Remus, to review allocation of costs where necessary and to ensure there is robust and appropriate management of the budget in order to deliver against statutory requirements.
The Service Charge that residents are required to pay is comprised of a Core Estate Charge and additional charges that pertain to specific units, as outlined below:
Core Estate Charge
The sum of £114,329 covers both Phase 1/2 specific and Site-Wide costs. This represents the core charge that every resident or tenant will contribute towards. There are 278 units on the Bellway phases and the Core Estate Charge has been split equally across that number of units.
All units have a budgetary charge of £411 allocated to them for which the half year demand is £205.
Private Road Area Costs
The sum of £1,222 covers Phase 1/2 specific costs however pertains only to a small number of properties which have responsibility for the upkeep of private roads. The budget has been split equally across the 5 units for which these costs apply and as such represents an addition to the Core Estate Charge.
These units have an additional budget of £244 allocated to them for which the half year demand charges will be £122.
Apartment Area Costs
The sum of £4,850 covers Phase 1/2 specific costs however pertains only to the Brassie Wood apartments. The budget has been split across the 29 units for which these costs apply and as such represents an addition to the Core Estate Charge.
These units have an additional charge of £167 allocated to them for which the half year demand is £83.50.
Retail Unit Area Costs
The sum of £308 covers Phase 1/2 specific costs however pertains only to the retail unit/office which forms part of the Brassie Wood apartment complex. The budget has been directly allocated to the unit for which these costs apply and as such represents an addition to the Core Estate Charge.
This unit has an additional charge of £308 allocated to it for which the half year demand is £154.
Note for Eastlight/CHP Tenants
It is important to note that Eastlight and CHP tenants will receive budget information and demands directly from those respective organisations, not from Remus, and that there may well be separately agreed approaches which govern how funds are collected and the contributions that are made.
CIC Site-Wide Estate Charge
The contribution to Site Wide Estate Costs remains unchanged and will be £130 per unit for 2023/24 for which the half year demand charge will be £65.
Note:
For reference purposes, the Service Charge Budgets for the previous 6 years can be found below:
2022/23
2021/22
2020/21
2019/20
2018/19
2017/18
Channels (Chelmsford) Management Company Ltd 