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Financial Performance
Below is a summary of our financial performance. Please contact us if you would like a full copy of our Financial Statements.
Consolidated and Association Income and Expenditure Accounts for the year ended 31 March 2005
|
Group |
Association |
|
2005 |
2004 |
2005 |
2004 |
|
£000 |
£000 |
£000 |
£000 |
| TURNOVER |
30,250 |
29,048 |
3,564 |
3,132 |
| |
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|
| Operating costs |
(25,271) |
(23,625) |
(3,568) |
(3,129) |
|
|
|
|
|
| OPERATING SURPLUS/(DEFICIT) |
4,979 |
5,423 |
(4) |
3 |
| |
|
|
|
|
| Surplus on disposal of properties |
493 |
485 |
- |
- |
| Interest receivable and similar income |
39 |
89 |
4 |
- |
| Interest payable and similar charges |
(6,908) |
(6,581) |
- |
- |
|
|
|
|
|
| (DEFICIT)/SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION |
(1,397) |
(584) |
- |
3 |
| |
|
|
|
|
| Taxation on (deficit)/surplus on ordinary activities |
(19) |
(96) |
(17) |
(3) |
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|
|
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| DEFICIT FOR THE YEAR |
(1,416) |
(680) |
(17) |
- |
| |
|
|
|
|
| Transfer to designated reserve |
- |
(40) |
- |
- |
| Transfer to revaluation reserve |
(471) |
(273) |
- |
- |
|
|
|
|
|
| |
(1,887) |
(1,353) |
(17) |
- |
| |
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| INCOME AND EXPENDITURE ACCOUNT AT BEGINNING OF YEAR |
(6,912) |
(5,559) |
3 |
3 |
|
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| INCOME AND EXPENDITURE ACCOUNT AT END OF YEAR |
(8,799) |
(6,912) |
(14) |
3 |
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Consolidated and Association Balance Sheets at 31 March 2005
|
Group |
Association |
|
2005 |
2004 |
2005 |
2004 |
|
£000 |
£000 |
£000 |
£000 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
| Housing properties |
180,598 |
193,297 |
- |
- |
| Other tangible assets |
3,111 |
2,975 |
554 |
505 |
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|
|
183,709 |
196,272 |
554 |
505 |
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| CURRENT ASSETS |
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|
|
| Stocks |
91 |
62 |
- |
- |
| Debtors |
2,518 |
1,622 |
181 |
166 |
| Cash at bank and in hand |
1,492 |
1,981 |
- |
- |
|
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|
|
|
4,101 |
3,665 |
181 |
166 |
| CREDITORS: amounts falling due within one year |
(5,885) |
(7,100) |
(749) |
(668) |
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| NET CURRENT LIABILITIES |
(1,784) |
(3,435) |
(568) |
(502) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
181,925 |
192,837 |
(14) |
3 |
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| CREDITORS:amounts falling due after more than one year |
124,900 |
117,300 |
- |
- |
| CAPITAL AND RESERVES |
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| Called-up share capital |
- |
- |
- |
- |
| Designated reserve |
400 |
400 |
- |
- |
| Revaluation reserve |
65,424 |
82,049 |
- |
- |
| Income and expenditure account |
(8,799) |
(6,912) |
(14) |
3 |
|
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|
|
|
181,925 |
192,837 |
(14) |
3 |
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These financial statements were approved by the Board of Management on 28 July 2005 and were signed on its behalf by:
L J Lock (Chairman)
C R Rolls (Vice Chairman)
G Colls (Group Chief Executive)
C G Lakeman (Director of Governance and Secretary)
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| Last updated 30.08 .05 |
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