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:
31 March 2013
31 March 2012
the year (excluding grant income)