Finance

Greenoak Housing Association Ltd

Summary Income and Expenditure A/C	2006	2005
year to 31 March 2006	£1000s	£1000s
Turnover: social housing	750	540
Turnover: sub market	102	95
Turnover: service charges	232	172
Rent losses from voids	(25)	(47)
Management services	38	36
Sundry income	15	2
Surplus on sale of housing properties	0	0
	1112	798
less operating costs	(781)	(644)
Operating surplus	331	154
Interest receivable	2	11
Interest payable	(159)	(105)
Surplus on ordinary activities	172	60
Transfer (to)/from restricted reserves	0	190
	172	250
Revenue reserve brought forward	2272	877
Reserves from Transfer of Engagements	0	1145
Revenue reserve carried forward	2,444	2,272

 

Balance Sheet at 31 March 06	2006	2005
Tangible fixed assets
Housing properties - at cost	11,517	10,511
Less: grant	(6654)	(6423)
depreciation	(152)	(106)
	4,711	3,982
Other tangible fixed assets	291	314
	5,002	4,296
Debtors	61	49
Cash at bank and in hand	134	63
	195	112
Creditors - falling due within one yr	(176)	(294)
Net current assets/(liabilities)	19	(182)
Total assets less current liabs	5,021	4,114
This is represented by:
Creditors- due after more than 1 yr	2577	1842
Capital and reserves:
Restricted reserves	0	0
Revenue reserve	2444	2272
	5,021	4,114

 

The Auditors Report was not qualified.
The financial statements were approved by the Board on 12 September 2006

See also:

• Chair's report to the Annual General Meeting
• Report of the Board of Management
• Group Structure
• Performance