TENANT MANAGEMENT ORGANISATION Appendix2

BALANCE SHEET FOR PERIOD ENDED 30th November 2010

All figures in '000

NOTE POSITION AS AT

BALANCE SHEET 31st Mar 2012 31st Mar 2011 31st Mar 2010
FIXED ASSETS
Tangible assets 1,810 1,600 1,062

CURRENT ASSETS: amounts falling due within one year

Debtors 623 827 1,025
Cash at bank and in hand 2 652 638 1,353
1,275 1,465 2,378
CREDITORS: amounts falling due within one year (870) (980) (920)
980 1,254
NET CURRENT ASSETS 305 485 1,124

TOTAL ASSETS LESS CURRENT LIABILITIES 2,115 2,085 2,186

NET ASSETS BEFORE DEFINED BENEFIT PENSION SCHEME LIABILITY 2,115 2,085 2,186

Defined benefit pension scheme liability 4 (19,380) (19,380) (19,380)

TOTAL NET LIABILITIES, INCLUDING DEFINED BENEFIT PENSION SCHEME DEFICIT (17,265) (17,295) (17,194)

CAPITAL AND RESERVES

Profit and loss account excluding pension scheme deficit 2,115 2,085 2,186
Defined benefit pension scheme liability (19,380) (19,380) (19,380)

Members' funds (17,265) (17,295) (17,194)