Martlet Homes Limited - Hyde Housing Association
Martlet Homes Limited - Hyde Housing Association
Martlet Homes Limited - Hyde Housing Association
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MARTLET HOMES LIMITED<br />
INCOME AND EXPENDITURE STATEMENT YEAR ENDED 31 MARCH 2010<br />
Note 2010 2009<br />
£’000 £’000<br />
Turnover 2 36,868 31,533<br />
Operating costs 2 (24,380) (21,694)<br />
Operating surplus 2, 5 12,488 9,839<br />
Surplus on sale of housing properties 6 146 225<br />
Interest receivable and similar income 7 55 58<br />
Interest payable and similar charges 8 (4,576) (5,792)<br />
Other finance (costs)/income 30 (206) 62<br />
Surplus for the year before taxation 7,907 4,392<br />
Gift Aid 9 - (2,900)<br />
Taxation 10 - (298)<br />
Surplus for the year after taxation 7,907 1,194<br />
Revenue reserve brought forward 22 (5,811) (4,100)<br />
Reserve movements 22 (6,753) (2,905)<br />
Revenue reserve carried forward 22 (4,657) (5,811)<br />
The turnover and surplus for the current and previous year relate to continuing activities.<br />
There is no difference between the surplus on ordinary activities and the retained surplus for<br />
the year and their respective historical cost equivalents.<br />
STATEMENT OF TOTAL RECOGNISED SURPLUSES AND DEFICITS YEAR ENDED 31<br />
MARCH 2010<br />
2010 2009<br />
£’000 £’000<br />
Surplus for the year 7,907 1,194<br />
Actuarial loss on pension schemes (6,609) (2,756)<br />
Total recognised surplus/(deficit) for the year 1,298 (1,562)<br />
15
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