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2021-03-31-accounts

Page
Strategic report 1-2
Trustees'
report		 3-8
Independent
auditor's		 report 9-11
Group profit and loss account 12
Group and company balance sheets 13
Group statement
of changes		 in equity 14
Company
statement		 of changes in equity 15
Group statement
ofcash flows		 16
Company
statement		 of cash flows 17
Notes to the financial statements 18-31

2021 2020
Notes 6
Turnover 6,527,606 6,739,187
Operating
costs		 (7,169,371) (6,583,379)
Other operating income 1,464,624 144,481
Gross surplus 822,859 300,289
Interest receivable and similar income 1,675 1,046
Interest payable and similar expenses (191,729) (241,157)
Net costs written off from associate (45,706)
Profit before taxatlon 632,805 14,472
Tax on profit 10 (714) (419)
Profit for the financial year 20 632,091 14,053

Group Company
2021 2020 2021 2020
Notes 8 6 6 6
Fixed assets
Tangible assets 11 24,872,321 24,370,109 24,872,321 24,370,109
Investments 12 6 6
24,872,321 24,370,109 24,872,327 24,370,115
Current assets
Debtors 15 260,440 250,913 261,293 251,657
Cash at bank and in hand 588,194 910,901 541,674 863,884
848,634 1,161,814 802,967 1,115,541
Creditors: amounts falling due within one
year 16 (978,457) (1,019,421) (972,949) (1,010,161)
Net current
liabilities		 (129,823) 142,393 (169,982) 105,380
Total assets less current liabilities 24,742,498 24,512,502 24,702,345 24,475,495
Creditors: amounts falling due after more
than one year 17 (15,065,216) (15,467,311) (15,065,216) (15,467,311)
Net assets 9,677,282 9,045,191 9,637,129 9,008,184
Capital and reserves
Designated
reserves		 20 2,200
Profit and loss reserves 20 9,675,082 9,045,191 9,637,129 9,008,184
Total equity 9,677,282 9,045,191 9,637,129 9,008,184

Designated Profit and Total
reserves loss
reserves
6
Balance at 1 April 2019 9,031,138 9,031,138
Year ended 31 March 2020:
Profit and total comprehensive income for the year 14,053 14,053
Balance at 31 March 2020 9,045, 191 9,045, 191
Year ended 31 March 2021:
Profit and total comprehensive income for the year 632,091 632,091
Transfers 2,200 (2,200)
Balance at 31 March 2021 2,200 9,675,082 9,677,282

Profit and
loss
reserves
6
Balance at 1 April 2019 8,998,505
Year ended 31 March 2020:
Profit and total comprehensive income for the year 9,679
Balance at 31 March 2020 9,008,184
Year ended 31 March 2021:
Profit and total comprehensive income for the year 628,945
Balance at 31 March 2021 9,637,129

2021 2020
Notes 6 6
Cash flows from operating activities
Cash generated
from operations		 22 1,028,877 5,598,654
Interest paid (191,729) (241,157)
Net cash Inflow from operating activities 837,148 5,357,497
Investing
activities
Purchase
oftangible
fixed assets		 (915,265) (12,482,860)
Proceeds on disposal
oftangible		 fixed assets
net ofgrants 350,258
Net costs written
off from associate		 (45,706)
Interest received 1,675 1,046
Net cash used
In investing		 activities (913,590) (12,177,262)
Financing
activities
Receipt/(repayment)
of bank		 loans (246,265) 7,349,789
Net cash (used In)/generated from
financing
activities		 (246,265) 7,349,789
Net (decrease)/increase
in		 cash and cash
equivalents (322,707) 530,024
Cash and cash equivalents at beginning ofyear 910,901 380,877
Cash and cash equivalents at end ofyear 588,194 910,901

2021 2020
Notes 6 f
Cash flows from operating activities
Cash generated
from operations		 23 1,029,374 5,598,585
Interest paid (191,729) (241,157)
Net cash inflow from operating activities 837,645 5,357,428
Investing
activities
Purchase
oftangible
fixed assets		 (915,265) (12,482,860)
Proceeds on disposal oftangible fixed assets
net ofgrants 350,258
Net costs written
offfrom associate		 (45,706)
Interest received 1,675 1,046
Net cash used
in investing		 activities (913,590) (12,177,262)
Financing
activities
Receipt/(repayment)
of bank		 loans (246,265) 7,349,789
Net cash (used in)/generated
from
financing
activities		 (246,265) 7,349,789
Net (decrease)/increase
in		 cash and cash
equivalents (322,210) 529,955
Cash and cash equivalents at beginning of year 863,884 333,929
Cash and cash equivalents at end ofyear 541,674 863,884

Turnover
and othe		 r reven ue
2021 2020
E E
Turnover
analysed		 by class ofbusiness
Social housing
rentals		 3,639,276 3,608,577
Residential
care fees		 1,651,368 1,819,685
Domiciliary care income 1,112,116 1,018,844
Day centre charges 105,898
Ground
rents and maintenance		 5,977 6,236
Other activities and sundry income 63,400 119,956
Recharge ofcosts and services 55,469 59,991
6,527,606 6,739,187
2021 2020
E E
Other significant revenue
Donations
received		 2,940 3,933
Donation
of Elbolton		 957,000
Grants received 453,921 104,673
Overage received 50,763 35,875
1,464,624 144,481
2021 2020
E E
Turnover analysed by geographical market
United Kingdom 6,527,606 6,739,187

2021 2020
E E
Operating profit for the year is stated after charging/(crediting):
Government grants (400,827) (104,673)
Depreciation ofowned tangible fixed assets 413,053 378,613
(Profit)/loss on disposal oftangible fixed assets 57,476

The average
year was:		 mo nthly number of persons
(including
directors)
empl		 oyed
by the gro		 up and compan y
during
the
Group Company
2021 2020 2021 2020
Number Number Number Number
Operational 257 225 257 225
Governance and support 18 18 18 18
Total 275 243 275 243
Their aggregate remuneration comprised:
Group Company
2021 2020 2021 2020
E E E
Wages and salaries 4,884,818 4,340,298 4,884,818 4,340,298
6 Auditor's
remuneration
2021 2020
Fees payable
to		 the company's auditor and associates: E E
For audit services
Audit ofthe financial statements of the group and company 16,353 17,019
Audit ofthe financial statements ofthe
company's subsidiaries 2,017 1,833
18,370 18,852
7 Interest receivable and similar income
2021 2020
E E
Interest Income
Interest on bank deposits 1,675 1,046

7 Interest receivable Interest receivable and similar Income
Investment
income includes the following:
Interest on financial assets not measured at fair value through profit or loss 1,675 1,046
8 Interest payable and similar expenses
2021 2020
5 5
Interest on financial liabilities
measured		 at amortised cost:
Interest on bank overdrafts
and loans		 191,729 241,157
9 Amounts
written		 offfrom associates
2021 2020
5 E
Net costs written off from associate (45,706)

Taxation
2021 2020
5 5
Current tax
UK corporation tax on profits for the current period 714 694
Deferred tax
Origination
and		 reversal of timing differences (275)
Total tax charge 714 419

2021 2020
F 6
Profit before taxation 632,805 14,472
Expected tax charge based on the standard rate ofcorporation tax in the UK of
19.00%(2020:19.00%) 120,233 2,750
Unutilised
tax losses carried forward		 (232)
Tax effect ofincome not taxable in determining taxable profit (119,519) (2,099)
Taxation charge 714 419
11 Tangible fixed assets Tangible fixed assets
Group Building Roofs Lifts Fixtures, Total
structure fittings
and
equipment
f
Cost
At 1 April 2020 23,738,887 1,480,532 479,348 916,922 26,615,689
Additions 838,845 47,727 28,693 915,265
At 31 March 2021 24,577,732 1,528,259 479,348 945,615 27,530,954
Depreciation and impairment
At 1 April 2020 1,382,412 98,330 91,591 673,247 2,245,580
Depreciation charged in the year 256,243 30,565 31,924 94,321 413,053
At 31 March 2021 1,638,655 128,895 123,515 767,568 2,658,633
Carrying
amount
At 31 March 2021 22,939,077 1,399,364 355,833 178,047 24,872,321
At 31 March 2020 22,356,475 1,382,202 387,757 243,675 24,370,109

11 Tangible fixed assets Tangible fixed assets
Company Building
structure		 Roofs Lifts Fixtures,
fittings and		 Total
equipment
6
Cost
At 1 April 2020 23,738,887 1,480,532 479,348 906,358 26,605,125
Additions 838,845 47,727 28,693 915,265
At 31 March 2021 24,577,732 1,528,259 479,348 935,051 27,520,390
Depreciation and Impairment
At 1 April 2020 1,382,412 98,330 91,591 662,683 2,235,016
Depreciation charged in the year 256,243 30,565 31,924 94,321 413,053
At 31 March 2021 1,638,655 128,895 123,515 757,004 2,648,069
Carrying
amount
At 31 March 2021 22,939,077 1,399,364 355,833 178,047 24,872,321
At 31 March 2020 22,356,475 1,382,202 387,757 243,675 24,370,109
12 Fixed asset investments
Group Company
2021 2020 2021 2020
Notes 6 6 5 6
Investments in subsidiaries 13
Movements In fixed asset investments
Company Shares
In
gl'oup
undertakings
6
Cost or valuation
At 1 April 2020 and 31 March 2021
Carrying
amount
At 31 March 2021
At 31 March 2020

13 Subsidiaries
Name of undertaking Registered office Class of % Held
shares held Direct
Abbeyfield
Court		 Limtied England Ordinary 100
Abbeyfield
Lodge		 (llkley) Limited England Ordinary 100
14 Financial
instruments
Group Company
2021 2020 2021 2020
8 8 8 F
Carrying
amount		 offinancial assets
Debt instruments measured at amortised cost 102,215 134,080 109,228 137,485
Carrying
amount		 offinancial liabilities
Measured
at amortised		 cost 8,953,446 9,300,912 8,949,347 9,292,346
15 Debtors
Group Company
2021 2020 2021 2020
Amounts
falling		 due within one year: 8 8 8 8
Trade debtors 86,727 127,185 86,257 126,703
Other debtors 15,488 6,895 22,971 10,782
Prepayments
and		 accrued income 158,225 116,833 152,065 114,172
260,440 250,913 261,293 251,657
16 Creditors: amounts falling due within one year
Group Company
2021 2020 2021 2020
Notes 8 F 8 8
Bank loans 18 274,312 246,286 274,312 246,286
Trade creditors 277,441 387,036 277,189 386,104
Corporation
tax payable		 1,409 694
Other taxation
and social security		 70,773 57,442 70,773 57,442
Government
grants		 19 109,640 104,673 109,640 104,673
Other creditors 46,491 91,508 44,838 90,957
Accruals and deferred income 198,391 131,782 196,197 124,699
978,457 1,019,421 972,949 1,010,161

17 Creditors: amounts falling due after more than falling due after more than one year
Group Company
2021 2020 2021 2020
6 8 6 6
Bank loans and overdrafts 18 7,979,423 8,253,714 7,979,423 8,253,714
Government
grants		 19 6,908,405 7,023,011 6,908,405 7,023,011
Other creditors 177,388 175,802 177,388 175,802
Accruals
and deferred		 income 14,784 14,784
15,065,216 15,467,311 15,065,216 15,467,311
18 Loans and overdrafts
Group Company
2021 2020 2021 2020
6 6 6 6
Bank loans 8,253,735 8,500,000 8,253,735 8,500,000
Payable
within one year		 274,312 246,286 274,312 246,286
Payable after one year 7,979,423 8,253,714 7,979,423 8,253,714

Group Company
2021 2020 2021 2020
E 9 9 5
Arising from government grants 7,018,045 7,127,684 7,018,045 7,127,684
Deferred income is included in the financial statements as follows:
Current liabilities 109,640 104,673 109,640 104,673
Non-current liabilities 6,908,405 7,023,011 6,908,405 7,023,011
7,018,045 7,127,684 7,018,045 7,127,684

Cash generated
from		 group op er ations
2021 2020
6 6
Profit for the year after tax 632,091 14,053
Adjustments
for:
Taxation charged 714 419
Finance costs 191,729 241,157
Investment
income		 (1,675) (1,046)
(Gain)/loss
on disposal		 of tangible fixed assets 57,476
Depreciation
and impairment
oftangible fixed assets		 413,053 378,613
Net costs written
off from associate		 45,706
Movements
in working		 capital:
(Increase)/decrease
in		 debtors (9,526) 2,617,594
Decrease
in creditors		 (87,870) (47,156)
(Decrease)/increase
in		 deferred income (109,639) 2,291,838
Cash generated
from		 operations 1,028,877 5,598,654

23 Cash generated
from operations		 Cash generated
from operations		 -company -company
2021 2020
6 6
Profit for the year after tax 628,944 9,679
AdJustments
for:
Finance costs 191,729 241,157
Investment
income		 (1,675) (1,046)
Loss on disposal oftangible
fixed assets		 57,476
Depreciation
and impairment
oftangible		 fixed assets 413,053 377,165
Net costs written
off from associate		 45,706
Movements
in working
capital:
(Increase)/decrease
in debtors		 (9,635) 2,615,028
Decrease
in creditors		 (83,403) (38,418)
(Decrease)/increase
in deferred		 income (109,639) 2,291,838
Cash generated
from operations		 1,029,374 5,598,585