Hi everyone, it's great to see this getting such a quick and large amount of support from everyone on the estate. I've drafted up, in my opinion, and with some knowledge that I have on property management, on the areas that I would recommend putting forward if a community meeting goes ahead.

Please see below, and if there are any additional comments, please feel free to email them to m,e and I'll add them to the list.

Robertevansford@gmail.com

Sinking Fund Issues:

Justification and timeline of sinking fund ( sinking funds should be explained in the way that RICS advise management companies, for example, below.)

a) Purpose of the Fund

Clearly state what the sinking fund is for (e.g., roof replacement, lift refurbishment).
If multiple components are covered, show each separately.

b) Current Balance
The amount currently held in the sinking fund.

c) Projected Costs
Future anticipated cost of the item(s) being reserved for.
Should be based on a long-term maintenance plan, ideally from a professional survey or condition report.

d) Date of Next Planned Works
When the work is expected to be carried out.

e) Estimated Lifespan or Frequency
Lifecycle of the asset (e.g., repainting every 5 years, play area ground replacement etc)

f) Annual Contributions
Show the amount being added to the fund each year.
Explain the calculation basis (e.g., total cost ÷ number of years to replacement).

g) Assumptions
Inflation rate, interest earned on the fund, and any phasing of expenditure.
Sinking Fund Issues:

Sinking Fund Issues:

Reconciliation of previous years ( we would like to be provided with a detailed breakdown of receipts of the 22/23 financial year, the 23/24 financial year and the 24/25 financial year to show proof of work being completed with their relevant costs compared to the estimated budget at the beginning of the year to see if a reconciliation is due.)

Estate General Ground Care Issues:

Over the last three years, there have been dozens of areas across the estate which have been poorly maintained and have been for some significant time. We need an appropriate and effective way of reporting these issues to the land trust so that they may be resolved.

This should be responded to with an estimated deadline for the works from the Land Trust.

Future Expected Behaviour from The Land Trust:

• Contact should be made with all residents of Wolsey Park before major works are undertaken.
• Notification of closure/disruption should be sent to all affected residents before works begin.
• Community opinion of major renovations and works with prices should be sent to residents for their input before contracts are agreed upon. This should include the tender contract options, including visual mock-ups where applicable, as well as costs.
  (hypothetically, when the playground needs to be changed, it's our children who play on it, not yours, so we should get some opinion on what it looks like what contracts we are going to go with and how much it costs)
• Reconciliations for the previous financial year should be sent out with the new annual service charge breakdown request at the beginning of the financial year.
• Future sinking fund guidance should be adhered to as above.