STATEMENT OF CHANGES IN RESERVES
Income and expenditure reserve
£’000
At 1 April 2016
128,333
Surplus for the year
8,687
Actuarial loss in respect of pension schemes
(239)
As at 31 March 2017
136,781
At 1 April 2017
136,781
Surplus for the year
10,748
As at 31 March 2018
147,529
40
Accord Housing Association