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Golden Lane Housing - Housing you can build your life around

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Financial summary

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Financial summary

Financial summary (2012-2013)

Since the Charity’s inception in 1998 we have built a £74 million freehold property portfolio (at cost) and have generated a consistent income and expenditure surplus.

As at 31 March 2013 our audited balance sheet had £34.6 million of net assets.

Year on year our gearing (calculated as total debt as a percentage of net assets total debt) has increased from 44% at the end of 2011-12 to 46.1% at the end of 2012-2013.

A copy of GLH’s most recent audited accounts is available from the publications section.

Extracts from our audited accounts are as follows:

 

 
 
Year ended
31 March 2013
Year ended
31 March 2012
 
 
Total income for the year
£9.5m
£12.0m
 
 
Net surplus for
the year (excluding grant income)
£0.8m
£1.7m
 
 
Net assets
£34.6m
£33.8m
 
 

 

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