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|---|---|---|---|---|
|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|
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||||||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|
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|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|
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||||||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|
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|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|
##
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|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|