Financial Statements 7
4.2 Analysis of turnover, operating costs and operating surplus / (deficit) before exceptional items Association 2024
Operating surplus / (deficit) £’000
Operating expenditure £’000
Turnover £’000
Note
Social housing lettings Other social housing activities Home care First tranche shared ownership sales Charges for support services Other social housing income
4.4 592,660
(543,888)
48,772
3,422 2,259
(3,889) (4,822) (201) (343)
(467) (2,563)
201 360
–
17
Activities other than social housing activities Management services
13,524
(13,011)
513
Sale of leasehold properties
–
–
–
Other 1 Total
8,773
(15,939) (582,093)
(7,166) 39,106 2,388 41,494
621,199
Surplus on disposal of fixed assets
12.7
Operating surplus
Association 2023
Operating surplus / (deficit) £’000
Operating expenditure £’000
Turnover £’000
Note
Social housing lettings Other social housing activities Home care First tranche shared ownership sales Charges for support services Other social housing income
4.4 510,975
(466,012)
44,963
3,392
(3,969)
(577)
–
–
– –
345 299
(345) (285)
14
Activities other than social housing activities Management services
12,497
(10,796)
1,701 (510)
Sale of leasehold properties 2
353
(863)
Other 1 Total
3,864
(15,040) (497,310)
(11,176) 34,415 3,074 37,489
531,725
Surplus on disposal of fixed assets
12.7
Operating surplus
Social housing lettings comprise income from retirement housing and from residential care homes (see note 4.4). Home care income comprises income from care services delivered into customers' homes. Activities other than social housing activities - Other, within turnover, includes £137,400 (2023: £111,300) of grant funding from the Workforce Development Fund. This grant has been fully expended in the year with 143 (2023: 118) members of the workforce becoming qualified. All turnover has been derived from activities within the United Kingdom. 1 Operating costs within "Other" include those governance costs not attributable to an individual service. 2 Sales of leasehold properties in both years 2024 and 2023 have been impacted by marketing and commissioning costs relating to a number of developments subsequently due to open in the next financial year. In line with Anchor's policy, marketing costs are recognised when the marketing activity is delivered.
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