Group of BIH employess standing in front of houses on a bright day

Balance Sheet

Year ended 31 March 2007

Areas of Income and Expenditure Notes 2007 £ 2006 £
FIXED ASSETS
Housing land and buildings: 9
Cost 249,716,764 232,744,940
Depreciation (2,279,903) (1,839,903)
Recycled HAG 5 (5,096,108) (3,253,488)
58,833,392 56,149,645
CURRENT ASSETS
Debtors 12 13,271,343 19,800,763
Short term investments 195,200 195,200
Cash at bank and in hand 1,619,836 2,985,127
15,086,379 22,971,321
CURRENT LIABILITIES
Creditors: amounts falling due within one year 13 (10,192,309) (16,514,700)
Net Current Assets (liabilities) 4,894,070 6,456,621
Total Assets less Current Liabilities 63,727,462 62,606,266
Creditors: amounts falling due after more than one year 13 40,963,591 42,106,443
Pension Liability 1,648,000 2,036,000
CAPITAL AND RESERVES
Share capital 15 29 28
Capital reserve 16 24 24
Revenue reserves 17 12,379,585 10,796,353
Designated reserves 18 8,736,233 7,667,418
63,727,462 62,606,266

There is no difference between the surplus on ordinary activities before taxation and the surplus for the period stated above and their historical cost equivalents.

Ian NelsonIan Nelson
Chairman
Maureen BlackMaureen Black
Secretary
Maureen BlackDavid Moore
Board Member
Jean FultonJean Fulton
Chief Executive
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