Directors Report and Accounts 2021/22 - Report - Page 20
NOTES TO THE FINANCIAL STATEMENTS
16. SHARE CAPITAL
2022
1 October
2021
£’000
£’000
50,730
46,148
Receipts
4,384
7,079
Withdrawals
(2,773)
(2,497)
Net inflow
30 September
1,611
4,582
52,341
50,730
Shares are withdrawable at six months’ notice. During the year Directors continued to exercise their discretion to allow
withdrawal on demand. The entitlement of members to the assets of the Society is limited to the shares that they hold in the
Society, together with any interest declared by Directors on those shares. The face value of each share is £1. All shares have
been issued and fully paid. Share capital includes £16k denominated in EUR (2021: £15k).
17. PROFIT AND LOSS ACCOUNT
2022
Balance brought forward
(Loss) / profit for the year
Balance carried forward
2021
£’000
£’000
1,660
1,599
(457)
61
1,203
1,660
2022
2021
£’000
£’000
18. TOTAL CAPITAL AND RESERVES
(Decrease) / increase in proposed share interest
Increase in share capital
(Loss) / profit for the year
(51)
1,611
(457)
9
4,582
61
1,103
4,652
Total capital and reserves at 1 October
52,481
47,829
Total capital and reserves at 30 September
53,584
52,481
2022
2021
£’000
£’000
Net increase in total reserves
19. CASH FLOW OF LENDING ACTIVITIES
Cash paid
(59,905)
(59,152)
Cash recovered
53,867
56,024
Net (increase) in funds loaned
(6,038)
Shared Interest Society Limited - Directors’ Report and Financial Statements for the year ended 30 September 2022
(3,128)
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