Annual Report and Accounts 2022 to 2023
11. Trade and other receivables
|Consolidated Fund receipts due||11,132||21,079|
|Deposits and advances||6||2|
|Balance at 31 March||12,728||21,850|
1 During 2022 to 2023 a review of Consolidated Fund aged receivables determined two doubtful debts which are being pursued via the courts, an Impairment allowance has been recognised in year. Consolidated Fund receipts due total £13.267 million, less £2.135 million for expected credit losses. Allowance losses are recorded within Note 5(d): Consolidated fund income, before there is objective evidence an asset is impaired, it is an estimate of future loss including where impairment events have yet to happen.
2 Accrued income includes £166,490 (2021 to 2022, £0) for interest received April 2023 relating to March 2023 and £433,033 for other income to be received April 2023 relating to 2022 to 2023.
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12. Trade and other payables
Last updated: 18 October 2023
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