The Financial Statements for the year ending 31 March 2016 was approved by the SLH Board at the Annual General Meeting on Thursday 29th September 2016. The financial statements were audited by external auditors Beever & Struthers. The annual report is a comprehensive report on SLH’s activities throughout the preceding year and is intended to give our shareholders and other interested people information about SLH’s activities, value for money statement, unit cost comparisons and financial performance. The financial statements include details such as; statement of comprehensive income, statement of financial position, reserves and cash flows.
This year’s report shows;
- An operating surplus of £8.293m (2014/15 £8.288m)
- Surplus on disposal of fixed assets £736.4k (2014/15 £561.2k)
- Pension deficit of £845k (2014/15 £1.212m)
- Reserves increased to £26.735m (2014/15 £18.701m)