Financial Statements 2018 financial statement- joomag | Page 61

19. DEFERRED CAPITAL GRANT INCOME 2018 2017 £’000 £’000 Balance at 1 April 283,961 280,526 Received in the year 8,858 7,484 Repaid/Abated on disposals (2,653) (1,772) Released to income in the year (2,154) (2,277) Balance at 31 March 288,012 283,961 Amounts to be released within one year Amounts to be released in more than one year 2,526 285,486 2,498 281,463 288,012 283,961 20. RECYCLED CAPITAL GRANT FUND 2018 2017 £’000 £’000 Balance at 1 April 1,945 2,399 Grants recycled 2,619 1,067 Interest accrued 13 13 Withdrawals (1,264) (1,534) Balance at 31 March 3,313 1,945 Withdrawals from the Recycled Capital Grant Fund have contributed to new development and qualifying flexible tenure purchases. 60 Accord Housing Association