2022 2021
£000 £000
Current accounts
19 249
Deposit accounts
15,987 12,786
16,006 13,035
Money is moved from deposit accounts into the current account as and when needed. This ensures a maximum return is earned from money on deposit. The GPhC maintains 6 months of operating expenditure as an operating liquidity reserve to be held in liquid funds for the day-to-day running of the organisation.
| 2022 | 2021 | |
| £000 | £000 | |
| Trade creditors | 846 | 1,540 |
| Corporation tax | 56 | 28 |
| Other taxation and social security | 348 | 328 |
| Other creditors | 29 | 73 |
| Accruals | 920 | 1,347 |
| Deferred income | 16,012 | 14,117 |
| 18,211 | 17,433 |
| Deferred income from registrants and premises | 15,916 | 14,049 |
|---|---|---|
| Other deferred income | 65 | 21 |
| Deferred capital grant | 31 | 47 |
| 16,012 | 14,117 |
Deferred income is made up of the following:
All deferred income from registrants and premises is released to income in the subsequent year.