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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