Trent Bridge Annual Report 2018

45 FINANCIAL REPORT 15. AMORTISATION OF DEFERRED GRANT FUNDING 2018 2017 £ £ Within one year 270,882 450,882 Between one and five years 1,083,530 1,803,530 After more than five years 8,185,169 7,556,051 9,539,581 9,810,463 14. LOANS 2018 2017 £ £ Analysis of the maturity of loans is given below: Amounts falling due within one year Council loans 496,700 442,370 Amounts falling due 1-2 years Council loans 480,200 425,871 Amounts falling due 2-5 years Bank and council loans 2,440,599 1,228,110 Amounts falling due after more than 5 years Council loans 4,722,674 4,189,225 8,140,173 6,285,576 Secured loans The bank and council loans are secured by way of a fixed and floating charge over all assets. Terms of repayments and interest rates of the loans 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 on or before 31 December 2020 with an interest rate of 3% per annum. 16. DEFERRED TAXATION 2018 £ At beginning of year (390,489) Charged to the income or expenditure (73,226) At end of year (463,715) The provision for deferred taxation is made up as follows: 2018 2017 £ £ Accelerated capital allowances 472,317 407,520 Pension surplus (3,922) (5,970) Other provisions (4,680) (11,061) 463,715 390,489 17. SHARE CAPITAL 2018 2017 £ £ Authorised, allotted, called up and fully paid 8,240 (2017: 7,690) Ordinary shares of 0.05p each 412 385 Share capital is restated each year based on Membership numbers.