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FINANCIAL STATEMENTS
Association statement of comprehensive income for the year ended 31 March 2026
2026 2025
£’000 £’000
Turnover 57,115 54,580
Operating costs (43,345) (39,750)
Operating surplus 13,770 14,830
Surplus arising from disposal of fixed assets 53 239
Transfer to disposal proceeds fund - (192)
Interest receivable and similar income 1,927 2,368
Interest payable and similar charges (5,940) (6,852)
Other finance costs (40) (58)
Surplus on ordinary activities 9,770 10,335
Revaluation gain on investment properties 1,474 856
Actuarial loss in respect of pension scheme (42) (6)
Retained surplus for the financial year 11,202 11,185
Retained surplus brought forward 98,457 87,272
Retained surplus carried forward 109,659 98,457
Association statement of changes in reserves for the year ended 31 March 2026
2026 2025
£’000 £’000
Surplus on ordinary activities 9,770 10,335
Movement in share capital - -
Revaluation gain on investment properties 1,474 856
Actuarial loss in respect of pension scheme (42) (6)
Net addition to capital and reserves 11,202 11,185
Opening total capital and reserves 98,457 87,272
Closing total capital and reserves 109,659 98,457
24 Clanmil Housing | Annual Report and Accounts 2025-26
