accord_fs_2020_JD_FINAL | Page 55

Financial Statements 2020 | 53
8 . Operating Surplus
2020
2019
£ 000
£ 000
The operating surplus is arrived at after charging /( crediting ): Depreciation of housing properties ( note 3 )
8,290
8,554
Depreciation of Social / Non Social Housing
105
130
Less : write off component disposals / increased on disposals
( 224 )
( 231 )
Depreciation charge ( note 10a )
8,171
8,453
Depreciation of other tangible fixed assets ( note 12 )
1,242
1,081
Amortisation of intangible fixed assets ( note 11 )
2,135
2,005
Auditor ’ s remuneration ( excluding VAT ) Fees payable for the audit of the financial statements
60
59
In respect of other services
16
4
Fees in respect of other services paid to predecessor auditor
-
30
Operating lease payments
2,127
2,009
Repairs and maintenance expenditure 14,184 11,626
9 . Taxation On Surplus On Ordinary Activities
The Association has charitable status and therefore are exempt from Corporation Tax on income and gains to the extent that these are derived from its charitable objectives .