19. DEFERRED CAPITAL GRANT INCOME
2017 2016
£’000
£’000
Balance at 1 April
280,526
277,168
Received in the year
7,484
5,841
Acquisition of Gharana
-
1,399
Repaid/Abated on disposals
(1,772)
(1,384)
Released to income in the year
(2,277)
(2,498)
Balance at 31 March
283,961 280,526
Amounts to be released within one year
Amounts to be released in more than one year 2,498
281,463 2,498
278,028
283,961
280,526
20. RECYCLED CAPITAL GRANT FUND
2017 2016
£’000
£’000
Balance at 1 April
2,399
1,925
Grants recycled
1,067
971
Interest accrued
13
11
Withdrawals
(1,534)
(508)
Balance at 31 March
1,945
2,399
Withdrawals from the Recycled Capital Grant Fund have contributed to new development and qualifying flexible tenure purchases.
74
Accord Housing Association