Page 72 - Pobl Annual Report FY25

70 Annual Report 2025
Statement of Comprehensive Income
for the year ended 31 March 2025
Group Company
Notes 2025 2024
Restated 2025 2024
£’000 £’000 £’000 £’000
Turnover 3.1 257,908 242,798 20,539 19,369
Operating costs (221,275) (208,063) (20,738) (20,496)
Revaluation of investment properties 14 - (905) - -
Surplus/(deficit) on disposal of fixed assets 6 5,156 (299) - (20)
Surplus on Homebuy redemption 7 379 649 - -
Operating surplus 8 42,168 34,180 (199) (1,147)
Share of result of joint venture (101) (116) - -
Surplus before interest and taxation 42,067 34,064 (199) (1,147)
Interest receivable and similar income 9 3,880 4,947 175 230
Interest payable and similar charges 10 (34,729) (33,033) (984) (879)
Surplus before tax 11,218 5,978 (1,008) (1,796)
Taxation 11 (15) (66) - -
Total surplus for the year 11,203 5,912 (1,008) (1,796)
Other comprehensive income:
Gain on contract asset 256 239 - -
Actuarial gain/(loss) on defined benefit
pension schemes 26 2,888 (7,096) 1,551 (2,866)
Total comprehensive income/(loss) for
the year 14,347 (945) 543 (4,662)
All operations are continuing, with the exception of discontinued nursing home activities, which represented
turnover £9,041k (2024: £13,948k), operating costs £8,309k (2024: £15,050k) and surplus on disposal of fixed
assets £4,942k (2024: £nil).
The 2024 comparatives have been restated following the merger with Linc-Cymru Housing Association
Limited. Further detail is included in note 33.
The notes on pages 75 to 114 form part of these financial statements.
……………………………… ……………………………….. ……………………………
Julia Cherrett
Chair of the Board
Mike Jones
Board Director
Paula Williams
Company Secretary