Finance

The Association is the beneficial owner of The Oxshott Way Estate Holdings Ltd (the Company) which in turn owns the Estate roads, verges, common areas and infrastructure. The Committee of the Association is elected by the residents with a mandate to represent the interests of all of the residents on the Estate. The elected members of the Committee of the Association are also directors of the Company (the Directors). All Committee members / Directors give their time freely to the Association.

With effect from 1st January, 2007, the Association delegated to the Company the role of maintaining the Estate.

The activities of the Association / Company are funded predominantly from the annual subscriptions paid by residents. The subscription level is set each year at the AGM. The subscription for 2008 is £257.

Total income is something in excess of £40,000. The breakdown of the expenditure varies somewhat from year to year but is likely to include:

Road Maintenance
Maintenance of the islands and the trees on the verges
Road Sweeping
Gates, signs and lights
Maintenance of surface water drains
Legal Costs (usually linked to housing developments)
Administration (including insurances)