Page 29 - Broadland Housing Financial Report 78pp A4

Consolidated and Association

Statement of Financial

Position at 31 March 2020

Group Group Association Association
2020 2019 2020 2019
Note £’000 £’000 £’000 £’000

Fixed assets
T a ngible fixed assets - h ousing properties 15 303,731 283,484 304,174 284,007
Other tangible fixed assets 16 1,985 2,183 1,985 2,183
Investment properties 17 1,171 1,190 1,171 1,190
Investments in fixed assets and equities 18 165 194 165 194

307,052 287,051 307,495 287,574
Current assets
Properties held for sale 19 17,407 7,456 1,896 2,335
Trade and other debtors 20 1,859 6,040 11,439 11,126
Cash and cash equivalents 13,293 18,762 12,222 18,201
Cash held in long notice accounts 2,231 3,000 2,000 3,000
34,790 35,258 27,557 34,662

Creditors: amounts falling due within one year 21 (11,596) (10,723) (10,416) (10,384)

Net current assets 23,194 24,535 17,141 24,278
T o tal assets less current liabilities 330,246 311,586 324,636 311,852
Creditors: amounts falling due after more than one year 22 (304,814) (286,245) (298,862) (286,245)
Provisions for liabilities
Defined benefit pension liability 28 (2,413) (5,544) (2,413) (5,544)
T o tal net assets 23,019 19,797 23,361 20,063

Reserves
Income and expenditure reserve 22,924 19,702 23,266 19,968
Restricted reserve 95 95 95 95

T o tal reserves 23,019 19,797 23,361 20,063

The notes on pages 36 to 76 form part of these financial statements.
The financial statements on pages 28 to 76 were approved by the Board of Directors and authorised for issue on
15 September 2020.

Chris Ewbank Chair Jonathan Barber Vice Chair Sarah Wyatt Secretary

Broadland Housing Group | Financial Report and Accounts 2020 29

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