2022 ANNUAL REPORT

47 FINANCIAL REPORT 15. LOANS 2022 2021 £ £ Analysis of the maturity of loans is given below: Amounts falling due within one year Bank loans and council loans 495,341 811,205 Amounts falling due 1-2 years Bank loans and council loans 495,341 911,210 Amounts falling due 2-5 years Bank loans and council loans 1,486,022 2,733,629 Amounts falling due after more than 5 years Bank loans and council loans 3,257,789 3,713,943 5,734,493 8,169,987 Secured loans The bank and council loans are secured by way of a fixed and floating charge over all assets. Terms of repayment and interest rates of loans falling due after more than 5 years are as follows: - A loan repayable over 20 years in semi-annual instalments with an interest rate of 4.61% per annum. - A loan repayable over 15 years in semi-annual instalments with an interest rate of 3% per annum. - A loan repayable over 6 years in semi-annual instalments with an interest rate of 2.76% per annum. 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 £ £ Bank and Council loans 495,341 811,205 Trade creditors 881,873 535,798 Corporation tax 170,117 391,468 Other taxation and social security 505,272 804,210 Obligations under finance lease and hire purchase contracts - 13,329 Accruals and deferred income 2,863,324 4,150,487 Unamortised grants 278,682 278,682 5,194,609 6,985,179 Details of the security provided on bank and council loans is detailed in Note 15. 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2022 2021 £ £ Bank and council loans 5,239,152 7,358,782 Other creditors 98,000 123,000 Unamortised grants 8,551,887 8,830,569 13,889,039 16,312,351 Details of the security provided on bank and council loans is detailed in Note 15.