Page 18 - AnnualReport_2016
P. 18
Statement of Comprehensive Income
Statement of Financial Position
Statement of Cash Flows
Board Attendance Details/ CEO Emolument
Association Information








8 Statement of Comprehensive Income for the
Year Ended 31 March 2016






2016 2015
£ £ Restated
Turnover 2,813,164 2,622,074
Less operating costs ( 1,838,620 ) ( 1,876,143 )


Operating surplus 974,544 745,931
Surplus on property disposals 37,905 123,531
Interest receivable 1 1
Interest payable and other charges ( 543,460 ) ( 511,190 )
Financing (cost)/income ( 7,000 ) ( 6,000 )


Surplus on ordinary activities before taxation 461,990 352,273


Corporation tax on surplus - -



Surplus for the year after taxation 461,990 352,273

Transfer to disposal proceeds fund ( 37,905 ) ( 123,531 )





Surplus for the year 424,085 228,742





Other comprehensive income
Actuarial gain/(loss) on pension scheme 83,000 ( 68,000 )

Prior year adjustment ( 1,000 ) -



Total comprehensive income for the year 506,085 160,742








17 : annual report & accounts 2015-16 : rural housing association
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