Cost of providing services and carrying out repairs
Operating Surplus
776
562
Surplus (deficit) on property sales
60
(129)
Interest receivable and similar income
81
20
Interest earned on investments
Interest payable and similar charges
(844)
(935)
Interest paid on loans
(Deficit) Surplus for the year
73
224
Balance Sheet at 31st March
2007 £'000
2008 £'000
Fixed Assets
Tangible Assets
31,424
37,652
Investments
314
288
31,738
37,940
Current Assets
Cash at bank and money owed to us
Stock
260
463
Debtors
358
403
Investments
8
7
Cash at bank and in hand
1440
1065
2066
1938
Creditors
Amounts falling due within one year
(1859)
(2539)
Debts repayable in the short term
Net current (liabilities)
(207)
(601)
Total assets less current liabilities
31,945
37,339
Creditors
Amounts falling due after more than one year
13195
14172
Debts repayable in the longer term
Reserves
Revaluation reserve: housing properties
7621
11955
Revaluation reserve: investments
183
157
Income and expenditure account
3573
4348
Designated reserves
7021
6329
Restricted reserves
352
378
31,945
37,339
Disclaimer
The above figures have been extracted from our full audited financial statements, on which the auditors expressed an unqualified opinion and which have been submitted to the Charity Commission and the Housing Corporation.
These summarised accounts may not contain sufficient information to allow for a full understanding of the Association's financial affairs.
For further information the full annual accounts and auditors report should be consulted.
A copy of our annual report can be provided on request.