Peel Town Commissioners — Comprehensive Income and Expenditure Statement, regrouped by service (£)

Peel Town Commissioners — Balance Sheet as at 31 March (2024 / 2023 / 2022)

Net assets stood at £49.5m at 31 March 2024, up from £48.1m (2023) and £30.9m (2022) — the jump between 2022 and 2023 is overwhelmingly a revaluation gain (£14.8m in 2022/23 alone) rather than trading surplus. Long-term borrowing was £9.84m at 31 March 2024, down from £10.81m (2023) and £11.88m (2022) as scheduled repayments continued — though a post-balance-sheet event discloses a new HSBC loan being arranged to fund a further £1.75m social housing purchase, which will not appear until the 2024/25 accounts.

Notes, sources and cautions

What this shows. Peel's own audited Comprehensive Income and Expenditure Statement (CIES) — unlike several parishes and Castletown, Peel does not publish a separate unaudited "Detailed Income and Expenditure Account" broken down by committee; its published schedule of that name (pages 40-42 of each Statement of Accounts) is a General Ledger-style listing by cost type (employee costs, premises, agency and contracted services, recharges, central and technical, vehicle costs), each itself broken down by function. That functional detail has been regrouped here into seven service groups for readability and cross-authority comparison, using the same convention as Castletown's and Douglas's diagrams — the regrouping does not change any published figure, only how the same verified numbers are bundled. Every figure ultimately traces back to Peel's own audited CIES cost-type totals, which are shown in full in the Table view.

Housing is folded into the same statement as everything else — this is different from Douglas. Douglas Borough Council publishes a legally separate, self-funding Housing Revenue Account with its own statutory statement, deliberately excluded from Douglas's General Fund Sankey on this site. Peel's accounts were checked specifically for the same structure and do not have one: Peel's contents page lists a single Comprehensive Income and Expenditure Statement, a single Statement of Movement on Reserves and a single Balance Sheet — "Housing services" is simply one line within the same CIES as refuse, parks and administration, with Note 8 ("Housing Revenue Income and Expenditure") providing supplementary detail rather than a separate audited statement. Because Peel does not disclose how its interest payable is split between General Fund and Housing borrowing, artificially separating the two here (as Douglas's structure allows) would risk misattributing shared financing costs — so Housing is included as its own group in the diagram above, exactly as Peel's own single statement presents it, and is clearly labelled throughout.

Housing runs a large structural surplus that subsidises the rest of the Commissioners' spending. Across all three years, income from the 357 social housing dwellings — dwelling rents (which include an internal rates recharge) plus a Housing Deficiency Grant from the Department of Infrastructure — comfortably exceeds Housing's own repairs, management, internal rates charge and a heavy depreciation/impairment charge: a net surplus of £698,810→£929,352→£975,112 is not what Housing itself makes (that surplus figure is coincidentally close to but not the same as the whole-authority result); Housing's own net surplus before interest and loan repayments was £834,826 (2022), £929,352 (2023) and £975,112 (2024) — see the Table view for the full income/expenditure split. This is the reverse of Douglas, whose Housing Revenue Account ran a deficit in all three of its own comparable years.

The Housing Deficiency Grant is central government money, not general rates. It is paid by the Department of Infrastructure to meet any shortfall between Peel's housing income and expenditure under the Isle of Man's housing deficiency scheme (Note 8/Note 9 in Peel's accounts) — it is drawn here as its own income flow into the fund, separate from General rate income and Refuse rate income, and should not be read as part of the rates take.

No harbour on this balance sheet — checked, not assumed. Peel was historically the Island's principal fishing port and still has a working harbour, so its Statement of Accounts was checked specifically for harbour infrastructure (breakwaters, quays, slipways) on the Commissioners' own asset register. None appears: Note 2 ("Assets held") lists Social Housing Dwellings, car parks, depots, public conveniences, public offices, recreational properties, miscellaneous properties, vehicles, parks and open spaces, commercial/retail properties and garages — no harbour or marine asset of any kind. This matches the pattern already found for Douglas, whose harbour also turned out to be managed by the Department of Infrastructure rather than sitting on the local authority's own books; Peel's harbour appears to be the same, DoI-managed rather than Commissioners'-managed, though this diagram reports only what Peel's own accounts show and does not attempt to trace DoI's separate harbour accounts.

Two genuine joint boards confirmed by name — both "Western". Peel's Members and Officers page and Explanatory Foreword both state that "the Commissioners work with the neighbouring authorities in the West of the Island to provide a Western civic amenity site, Western swimming pool and Western sheltered housing complex," each of which "individually prepare and publish their own statement of accounts which are separate to Peel Town Commissioners." Note 10 (Related Party Transactions) confirms both financially: Peel was charged £120,908 (2022) → £126,934 (2023) → £157,408 (2024) by the Western Civic Amenity Site, and paid £10,382 → £10,455 → £10,532 in swimming pool contributions to the Western Swimming Pool Joint Board (also styled "Western Local Authority Swimming Pool Board" in the same note), while separately invoicing that board £1,362→£673→£466 for refuse collection. A third, non-financial joint arrangement is also named: Note 10 discloses recharges to and from a "Peel & Western District Housing Committee" (£21,422→£14,924→£17,457), and the Explanatory Foreword states an objective "to establish the western housing authority committee for all social housing in the West" — evidently a developing joint body for social housing, distinct from the two established joint boards. All three are drawn from Peel's own wording, not inferred.

Wheelie bin purchase — genuinely absent, not just OCR-blank. "Wheelie bin purchase" appears as its own line in the Detailed Income and Expenditure Account in all three years but is £20,999 in 2021/22 only; it is £0 (blank in the source) in both 2022/23 and 2023/24, consistent with a one-off bulk purchase rather than an annual cost.

Provenance and confidence — verify, don't trust. Both Statement of Accounts (year ended 31 March 2023 and year ended 31 March 2024, each scanned with no text layer) were OCR-recovered at 300dpi and re-verified at 400dpi with Tesseract 5, then checked line by line: every group total re-adds to Peel's own published cost-type totals in the CIES; the overlapping 31 March 2023 comparative column was read independently from both documents and found identical to the pound on every note checked (rates account, refuse rate account, balance sheet, related-party disclosures, employee costs, central and technical costs); and income minus expenditure reproduces the published Surplus on provision of services to within £1-2 in every year (the sole residual gap is Peel's own rounding between Notes 6/7's rates-collection figures and the CIES's combined "Rates income" line, the same immaterial pattern already documented on other authorities in this set). Six genuine OCR misreads were caught this way and corrected: Housing dwelling rents 2022/23, first read as £2,165,098, corrected to £2,163,098 (confirmed against the 2023/24 accounts' own comparative column); "Wheelie bin purchase" 2021/22, read as £18,999 then £13,999 across two passes, corrected to £20,999 (the only value that makes the Agency and Contracted Services total re-add to £603,713); "Attendants" employee cost 2021/22, read as £31,307 at high resolution, corrected to £31,507 (matching both the original lower-resolution pass and the total); "Grass cutting" and "Works" employee costs 2022/23, misread at high resolution as £71,370/£22,348, corrected to £71,870/£22,848 (confirmed against the 2023/24 accounts' comparative column); "Swimming pool contributions" 2023/24, misread as £19,532, corrected to £10,532 (confirmed visually and arithmetically); "Rents, rates, taxes and other charges" (Housing, Note 8) 2023/24, misread as £376,698, corrected to £370,698 (the only value that makes Housing expenditure re-add to £1,639,391); "Drainage recharge costs" 2022/23, misread at high resolution as £4,393, corrected to £4,893; and the Surplus on provision of services for 2021/22, printed clearly enough in the CIES to read as £698,310, corrected to £698,810 — confirmed independently by the Statement of Movement on Reserves, which carries the identical figure into the General Revenue Reserve column, and by a full arithmetic rebuild from rates income, interest, one-off gains and net cost of services.

Comparability. This diagram is built from Peel's own audited CIES, on the same "audited outturn" basis as most other authorities in this set (not Braddan's budget estimates). Because Peel keeps Housing inside its main statement rather than ring-fencing it, direct income/expenditure totals are not perfectly comparable with Douglas, whose headline figures are General Fund only.

Source. Peel Town Commissioners, Statement of Accounts for the years ended 31 March 2023 and 31 March 2024 (Crowe Isle of Man Audit LLC), Comprehensive Income and Expenditure Statement, Statement of Movement on Reserves, Balance Sheet, Notes 1-10 and 15-17, and the Detailed Income and Expenditure Account (pages 40-42, unaudited supplementary schedule). Both documents scanned, OCR-recovered 6 August 2026.