ANNUAL REPORT 2019

45 FINANCIAL REPORT 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2019 2018 £ £ Bank and council loans 7,452,248 7,643,473 Net obligations under finance leases contracts 20,299 - Other creditors 173,000 198,000 Unamortised grants 8,997,699 9,268,699 16,643,246 17,110,172 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2019 2018 £ £ Council loans 496,902 496,700 Trade creditors 511,459 650,889 Corporation tax - 114,353 Other taxation and social security 722,688 606,877 Obligations under finance leases contracts 15,203 - Accruals and deferred income 1,605,428 1,642,411 Unamortised grants 270,882 270,882 3,622,562 3,782,112 15. LOANS 2019 2018 £ £ Analysis of the maturity of loans is given below: Amounts falling due within one year Bank and council loans 496,902 496,700 Amounts falling due 1-2 years Council loans 1,496,903 480,200 Amounts falling due 2-5 years Council loans 1,490,707 2,440,599 Amounts falling due after more than 5 years Council loans 4,464,638 4,722,674 7,949,150 8,140,173 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. HIRE PURCHASE AND FINANCE LEASES Minimum lease payments under hire purchase fall due as follows: 2019 2018 £ £ Within one year 15,203 - Between one and five years 20,299 - 35,502 -