accord_fs_2020_JD_FINAL | Page 63

Financial Statements 2020 | 61
20 . Deferred Capital Grant Income
2020
2019
£ 000
£ 000
Balance at 1 April
302,047
288,012
Received in the year
13,135
17,079
Repaid / abated on disposals
( 2,378 )
( 504 )
Released to income in the year
( 2,340 )
( 2,540 )
Balance at 31 March
310,464
302,047
Amounts to be released within one year 2,645 2,526 Amounts to be released in more than one year 307,819 299,521
310,464 302,047
21 . Recycled Capital Grant Fund
2020
2019
£ 000
£ 000
Balance at 1 April
2,866
3,313
Grants recycled
2,273
504
Interest accrued
26
24
Withdrawals
-
( 975 )
Balance at 31 March
5,165
2,866
Withdrawals from the Recycled Capital Grant Fund have contributed to new development and qualifying flexible tenure purchases .