21. DISPOSALS PROCEEDS FUND
Balance at 1 April |
164 |
81 |
Net sales proceeds recycled |
- |
83 |
Withdrawals |
( 164) |
- |
Balance at 31 March- 164
Withdrawals from the Disposals Proceeds Fund have contributed to new development.
22. PROVISIONS FOR LIABILITIES
Leave pay £’ 000
At 1 April 2017 |
372 |
Additions |
372 |
Utilised |
( 372) |
At 31 March 2018 372
The above balance represenst the liability the Association has in relation to accrued but untaken annual leave of its employees.
23. SHARE CAPITAL
Accord Housing Association Limited is a Co-operative and Community Benefit Society limited by share capital.
Allotted, called up and fully paid shares of £ 1 each: At beginning of year |
41 |
39 |
Issued during year |
9 |
5 |
Surrendered during the year |
- |
( 3) |
At end of year 50 41
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.
Financial Statements 2018 61