Page 81 - 86395_CCB - 2024 Annual Report (web)

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Balance Sheet
As at 31 December 2024

£’000 Note 2024 2023

Assets
Cash and balances at central banks 13 292,850 302,473

Loans and advances to banks 14 12,139 10,420

Debt securities 17 65,137 47,409
Loans and advances to customers 15 1,204,444 1,083,278

Derivative financial assets 21 149 –

Other assets and prepayments 20 1,443 2,526
Property plant and equipment 18 1,700 2,026

Intangible assets 19 2,277 1,869
Current tax asset 20 689 –

Deferred tax asset 12 907 721
Total assets 1,581,735 1,450,722

Liabilities

Customers’ accounts 22 1,271,824 1,155,224
Central Bank facilities 23 55,000 65,000

Subordinated Debt liability 24 4,800 4,751
Derivative financial liabilities 21 – 652

Provisions 26 750 –

Other liabilities and accruals 25 9,277 9,628
Current tax liability 25 – 689

Total liabilities 1,341,651 1,235,944

Equity

Share capital 27 44,955 44,955

Convertible loan notes 27 22,900 22,900
Fair value through other comprehensive income reserve 27 (274) (376)

Retained earnings 172,503 147,299

Total equity 240,084 214,778
Total liabilities and equity 1,581,735 1,450,722

The Financial Statements on pages 80 to 83 were approved by the Board of Directors on 27 March 2025
and signed on its behalf by:

Donald Kerr Richard Hanrahan
Chief Executive Officer Chief Financial Officer

Company registered number: 07972522.