b'THE PROPERTY OMBUDSMAN ANNUAL REPORT 2019TPO Accounts Finance ReportTHE PROPERTY OMBUDSMAN LIMITED (A COMPANY LIMITED BY GUARANTEE)Income and Expenditure Account for the Year Ended 31 December 20192019 2018 Income 3,942,419 3,774,168Administrative expenses (4,015,504) (4,173,228)Operating deficit (73,085) (399,060)Interest receivable and similar income 10,538 5,672Deficit before taxation (62,547) (393,388)Tax on deficit (2,002) (1,078)Deficit for the financial year (64,549) (394,466)Retained earnings brought forward 1,404,373 1,798,839Retained earnings carried forward 1,339,824 1,404,373Balance Sheet as at 31 December 20192019 2018 Fixed assetsTangible assets 150,799 220,338Investments 8 8150,807 220,346Current assetsDebtors 361,537 343,460Cash at bank and in hand 2,633,932 2,511,4602,995,469 2,854,920Creditors: amounts falling due within one year(1,806,452) (1,670,893)Net current assets 1,189,017 1,184,027Total assets less current liabilities 1,339,824 1,404,373ReservesIncome and expenditure account 1,339,824 1,404,373These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.The financial statements were approved by the board of directors and authorised for issue on 1st May 2020and are signed on its behalf by:Baroness Warwick of UndercliffeDirectorCompany Registration No. 03339975NB:Whilst this financial report predates the COVID19 pandemic we are sensitive to the far reaching consequences to the industry and to TPO that the pandemic presents. We will work with our auditors to mitigate the long term effects and ensure our financial stability into 2020 and 2021.'