NOTES TO THE FINANCIAL STATEMENTS Note 18
Creditors: amounts falling due within one year 2014 £
2015 £ Mortgages and unsecured loans Trade creditors Other creditors Accrued capital expenditure Social security and other taxation payable Accruals and deferred income
Note 19
937,766 1,139,273 430,702 303,095 753,958 3,610,962
962,370 911,322 495,276 598,224 657,286 3,218,893
7,175,756
6,843,371
Creditors: amounts falling due after more than one year 2013 £
2015 £ Mortgages and unsecured loans Burma Road Nursery deferred income Salix Revolving Green fund
7,716,452 336,000 -
8,654,216 352,000 150,799
Total
8,052,452
9,157,015
937,766 974,666 3,194,457 3,547,329
962,370 937,766 3,058,195 4,658,255
8,654,218
9,616,586
Mortgages and unsecured loans are repayable as follows: In one year or less Between one and two years Between two and five years In five years or more
Throughout the financial year the University had the following borrowing arrangements in place: 1. A £4.7m loan from Allied Irish Bank, amortising over 25 years from January 1996, at a 6.43% rate of interest, specifically for the purpose of building student accommodation. £2.1m remains outstanding as at 31 July 2015. 2. A £5.9m loan from Allied Irish Bank, amortising over 19 years from March 2002, at a 6.30% rate of interest, specifically for the purpose of rennovating a listed teaching facility. £2.5m remains outstanding as at 31 July 2015. 3. A £5.0m loan from Allied Irish Bank, amortising over 25 years from August 2006, at an interest rate of 6.25% (£2.6m) and 5.13% (£2.4m), specifically for the purpose of building the University Centre. £4m remains outstanding as at 31 July 2015. Mortgages represent loans at fixed rates which are repayable by instalments in the period to 2031 and are secured on part of the University's freehold property.
41 University of Winchester, Hampshire