Martlet Homes Limited - Hyde Housing Association

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MARTLET HOMES LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2010 10. TAX ON SURPLUS ON ORDINARY ACTIVITIES 2010 2009 £’000 £’000 Deferred tax - 346 Current tax charge for the year - (611) Adjustment in respect of prior period - (33) - (298) The differences between the current tax charge and the notional tax charge based on the current corporation tax rate is explained as follows: 2010 2009 £’000 £’000 Surplus for the year before tax 7,907 4,392 Tax at 28% thereon: (2009: 28%) 2,214 1,230 Effects of: Charitable income not chargeable to tax (2,214) - Expenses not deductible for tax purposes - 7 Capital allowances in excess of depreciation - 6 Non deductible depreciation/amortisation - 281 Other short term timing differences - 23 Capital items in revenue - 6 Surplus/(deficit) on disposal of fixed asset - (157) Chargeable gain - 155 Permanent timing differences - (4) Rolled over capital gains - 1 Charges on income (gift aid) - (812) Capitalised interest - (125) Current tax charge for the year - 611 Factors affecting tax charge for the year: Martlet Homes Limited obtained charitable status on 1 April 2009. 27
MARTLET HOMES LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2010 11. EMPLOYEE INFORMATION AND COSTS The average number of persons employed (including Managing Directors but excluding the Board) expressed as Full Time Equivalents during the year was: 2010 2009 Office staff 73 59 Housing management staff 268 247 341 306 2010 2009 £’000 £’000 Staff costs Wages and salaries 9,220 8,337 Social security costs 770 696 Pension costs 753 853 10,743 9,886 12. DIRECTORS’ EMOLUMENTS The remuneration paid to the directors (who for the purpose of this note include the members of the Board and the Managing Director ) is as follows: Gross salary excluding pension and national insurance contributions for: 2010 2009 £’000 £’000 Members of the Board: Bob Warner 5 3 Alan Chaplin 4 4 Andrew Moncreiff 4 4 Patricia Smith - - Claire Holloway - - Michael Jones 4 4 Margaret Temmé - - Jonathan Prichard - - Jackie Puddifoot - - Prodaman Sarwal - - David Eastgate - - Frank Hickson - - Managing Director - - Martin Ward (to 6 March 2009) - 114 Steve Wilson (9 March 2009 to 26 January 2010) 67 6 Paul Featherstone (from 10 March 2010 – including £12k as a director) 17 - 101 135 Pension contributions 2010 2009 £’000 £’000 Martin Ward - 15 Steve Wilson 6 1 Paul Featherstone 3 - 9 16 Prodaman Sarwal and David Eastgate are paid by the Group Board. 28
Page 1 and 2: Martlet Homes Limited Report & Fina
Page 3 and 4: MARTLET HOMES LIMITED CONTENTS BOAR
Page 5 and 6: MARTLET HOMES LIMITED REPORT OF THE
Page 13 and 14: MARTLET HOMES LIMITED STATEMENT OF
Page 15 and 16: MARTLET HOMES LIMITED INDEPENDENT A
Page 17 and 18: MARTLET HOMES LIMITED BALANCE SHEET
Page 19 and 20: MARTLET HOMES LIMITED NOTES TO THE
Page 27: MARTLET HOMES LIMITED NOTES TO THE
Page 41: MARTLET HOMES LIMITED NOTES TO THE

Martlet Homes Limited - Hyde Housing Association

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