Arhag Annual Report 2019/2020

16. RESERVES AND SHARE CAPITAL Non-equity share capital: this represents the nominal value of shares which have been issued. Revenue reserves: this includes all current and prior period retained surpluses and deficits. 17. RELATED PARTY DISCLOSURES Key management are the persons having authority and responsibility for planning, controlling and directing the activities of the Association. In the opinion of the Board, the key management are both the Board and the senior management team. There is one tenant BoardMember (2019 one), who has full Board-member rights. The rent and terms of tenancy are determined in the same way as those of other tenants of the Association. During the year rent of £5,885 (2019: £5,774) was charged to the tenant Board member. At the year end £346 (2019: £440) was paid in advance. 18. UNITS 2020 (No. of units) 2019 (No. of units) Social housing accommodation: Owned: Housing property Freehold 728 757 Long lease 108 104 Short lease 36 36 872 897 Shared ownership 17 17 Hostel bed spaces Freehold 13 13 902 927 Managed not owned: Short life LB Newham 16 45 Private landlord 2 1 18 46 920 973 Other units: Owned by: Managed by: LB Newham Bahay Kubo HA 8 11 LB Newham Tamil HA 3 5 11 16 The 11 other units are leased by the Association from the Landlord (LB Newham). The Association retains the statutory rights, obligations and other duties in respect of these properties. 54 Arhag