Directors Report and Accounts 2021/22 - Report - Page 19
NOTES TO THE FINANCIAL STATEMENTS
12. DEPOSITS WITH CREDIT INSTITUTIONS
2022
2021
£’000
£’000
46,413
40,655
Repayable:
In not more than three months
In not more than one year
13. OTHER DEBTORS
6,043
6,007
52,456
46,662
2022
2021
£’000
£’000
Amounts due from Shared Interest Foundation
26
-
Other debtors
55
3
Taxation and social security
27
23
Accrued income
61
39
Prepayments
63
61
232
126
2022
2021
£’000
£’000
14. AMOUNTS OWED TO CREDIT INSTITUTIONS
Foreign currency overdrafts, repayable:
In not more than three months
(35,955)
(31,313)
(35,955)
(31,313)
The Society has agreed a facility with its Bank under which it may draw money (as overdrafts) in certain major currencies at
rates linked to inter-bank interest rates, in order to fund its foreign currency advances. The Society is required to maintain as
security a cash deposit with the Bank of 100% of the facility amount. A Security Charge in favour of the Bank is in place over
these deposits and this is registered at the FCA.
15. OTHER CREDITORS DUE WITHIN ONE YEAR
2022
2021
£’000
£’000
Amounts due to Shared Interest Foundation
-
6
Taxation and social security
1
25
133
52
58
91
189
143
21
71
402
388
Trade creditors
Unclaimed loan stock
Accruals
Other creditors
Shared Interest Society Limited - Directors’ Report and Financial Statements for the year ended 30 September 2022
page 19
