ANCHOR-R&A-2024-FNL-080824

18. Creditors: amounts falling due within one year

Group

Association

2024 £’000 37,292 11,225 13,996

2023 £’000

2024 £’000

2023 £’000 36,814 12,334 10,005 12,886 3,044 1,092 1,265 3,686 1,350 64,298

Note

Trade creditors

40,384 34,743

Rents received in advance

12,334 10,005 12,886 3,044 1,092 1,265 3,766 1,427

11,225 13,996 12,507 17,231 1,721 4,421 2,725 982

Surpluses carried forward on variable service charge schemes

Deferred capital grant Recycled capital grant fund

19.1 12,507

19.2

982

Debt

21 17,231

Obligations under finance leases Other taxation and social security

23

1,721 4,421 2,725

Other creditors

Accruals and deferred income

105,962 208,062

70,557 101,046

156,760 200,597 146,774

Accruals and deferred income includes £55,200,000 (2023: £18,387,000) of grants received from Homes England and the Greater London Authority for developments under construction.

19. Creditors: amounts falling due after more than one year

Group

Association

2024 £’000

2023 £’000

2024 £’000

2023 £’000

Note

Deferred capital grant Recycled capital grant fund

19.1 198,039

199,577 198,039 199,577

19.2

209

209

Debt

21 601,389 23 237,244

547,551 601,389 547,551 239,453 237,244 239,453

Obligations under finance leases Amounts due to subsidiary undertakings

10,840

39,077

Callable interest rate swaps

37

634

37

634

Other creditors

599

1,349

599

1,349

1,037,517 988,564 1,048,357 1,027,641 Amounts due to subsidiary undertakings consist of a loan from Anchor Lifestyle Developments Limited. Interest is payable on this loan at an interest rate of the Bank of England base rate plus 1.0%. Included within deferred capital grant is £959,000 (2023: £nil) of grant received or receivable from the Social Housing Decarbonsation Fund.

96 Anchor Hanover Group Annual Report & Financial Statements 2024

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