Creditors after one year include amounts lent by members as capital in a restoration project or loans in order to fund the restoration of assets. The share of restoration projects and loans are non interest bearing and have no repayment date. There are also specific debentures issued by the company for £28,500 which have different fixed interest rate. During the year interest bearing loans from Ealing Council were repaid in the sum of £35,000. The company did not expect all this to be repayable as £15,000 had already been written off to the Profit and Loss account as a grant. During the year therefore £20,000 was reduced from the Creditor balance and £15,000 was taken back to the Profit and Loss account as a charge.