62 | Accord Housing Association
22 . Provisions for Liabilities
Leave pay |
£ 000 |
At 1 April 2019 |
380 |
Additions |
371 |
Utilised |
( 588 ) |
Balance at 31 March 2020 |
163 |
The above balance represents the liability the association has in relation to accrued but untaken annual leave of its employees .
23 . Share Capital
Accord Housing Association Limited is Co-operative and Community Benefit Society limited by share capital .
2020 |
2019 |
£ 000 |
£ 000 |
Allotted , called up and fully paid shares of £ 1 each : At beginning of year |
78 |
74 |
Issued during year |
5 |
6 |
Surrendered during the year |
- |
( 2 ) |
At end of year |
83 |
78 |
The share capital of the association consists of shares with a nominal value of £ 1 each which carry no rights to dividends or other income .
Shares in issue cannot be repaid or transferred .
When a shareholder ceases to be a member , this person ’ s share is cancelled and the amount paid up thereon becomes the property of the association .
All shareholdings , therefore , relate to non-equity interests .