22 TPO Accounts: Finance Report THE PROPERTY OMBUDSMAN ANNUAL REPORT 2017 2017 2016 Notes £ £ Income 3,657,445 3,632,973 Administrative expenses (3,667,548) (3,331,935) Operating surplus (10,103) 301,038 Interest receivable and similar income 20,250 6,060 Amounts written off investments - (19,148) Surplus before taxation 10,147 287,950 Taxation (1,330) - Surplus for the financial year 8,817 287,950 THE PROPERTY OMBUDSMAN LIMITED BY GUARANTEE Income and Expenditure Account for the Year Ended 31 December 2017