Page 31 - Broadland Housing Financial Report 78pp A4

Statement of Changes in

Reserves for the year ended

31 March 2020

Income and Restricted T o tal
expenditure reserve
reserve

£’000 £’000 £’000

Balance at 1 A pril 2019 19,968 95 20,063

Surplus for the year 2,308 - 2 ,308
Other comprehensive income for the year 2,787 - 2 ,787
Reclassification between reserves and liabilities (1,797) - ( 1,797)

Balance at 31 March 2020 23,266 95 23,361

The restricted reserve of £95,000 reflects property donated to the Association. The terms of the donation state that the property
can only be used for social housing purposes, by the Association, and cannot be sold.

Income and Restricted T o tal
expenditure reserve
reserve

£’000 £’000 £’000

Balance at 1 A pril 2018 21,140 95 21,235
Surplus for the year 1,964 - 1 ,964
Other comprehensive income for the year (3,136) - ( 3,136)
Balance at 31 March 2019 19,968 959595 20,063

Broadland Housing Group | Financial Report and Accounts 2020 31

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