21. DISPOSALS PROCEEDS FUND
2017 2016
£’000
£’000
Balance at 1 April
81
149
Net sales proceeds recycled
83
52
Withdrawals -
(120)
Balance at 31 March
Withdrawals from the Disposals Proceeds Fund have contributed to new development.
164
81
22. PROVISIONS FOR LIABILITIES
Leave pay
£’000
At 1 April 2016
371
Additions
372
Utilised
(371)
At 31 March 2017
372
23. SHARE CAPITAL
Accord Housing Association Limited is an Industrial and Provident Society limited by share capital.
2016 2017
Number
Number
Allotted, called up and fully paid shares of £1 each:
At beginning of year
39
34
Issued during year
5
5
Surrendered during the year
(3) -
At end of year
41
39
The share capital of the Association consists of shares with a nominal value of £1 each which carry no rights to dividends or other
income. Shares in issue cannot be repaid or transferred. When a shareholder ceases to be a member, this person’s share is cancelled
and the amount paid up thereon becomes the property of the Association. All shareholdings, therefore, relate to non-equity interests.
Financial Statements 2017
75