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|||||Page|
|---|---|---|---|---|
|Strategic report||||1-3|
|Trustees'
report||||4-9|
|Independent
auditor's|report|||10-12|
|Group profit and loss|account|||13|
|Group and company|balance|sheets||14|
|Group statement
ofchanges||in|equity|15|
|Company
statement|ofchanges||in equity|16|
|Group statement
ofcash flows||||17|
|Company
statement|ofcash flows||||
|Notes to the financial|statements|||19-32|
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|The table below outlines|the numbers|of available|units and the|services provided|at each ofthe properties|at each ofthe properties|managed|
|---|---|---|---|---|---|---|---|
|by the ATD:||||||||
||||Independent|Supported|Housing|Residential|Day Care|
||||Living|Housing|With Care|Care||
|Property
Owned||||||||
|Fern House, Bingley|||||49|30|25|
|Grove House,
llkley|||||42|16|30|
|The Beeches Menston|||||28|||
|Kirkview,
Shipley||||||||
|Woodview,
Saltaire||||||||
|School Street, Pudsey||||||||
|Elbolton, Grassington||||12||||
|Abbeyfisld
Court,
llkley|||13|||||
|Abbeyfield
Lodge, llldey|||5|||||
|Managed
Properties||||||||
|Leyland's
Lane, Heaton||||||||
|Ing Royde, Halifax|||||30|||
|Abbeyfield
House, Settle||||12||||
|Abbeyfield
House, Barnoldswick||||12||||
|Woodlands,
Skipton|||||31|||
|Pawson Cottage Homes,|llklsy|||||||
|Charles
Edward Sugden|Alms House|||||||
||||55|36|180|46|55|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|f.|6|
|Turnover||||6,675,297|6,527,606|
|Operating
costs||||(6,954,825)|(7,169,371)|
|Other operating|income|||583,000|1,464,624|
|Gross surplus||||302,859|822,859|
|Interest receivable||and similar income||505|1,675|
|Interest payable|and similar expenses|||(194,479)|(191,729)|
|Profit before taxation||||108,885|632,805|
|Tax on profit||||(462)|(714)|
|Profit for the financial year|||19|108,423|632,091|
##
||||||Group||Company||
|---|---|---|---|---|---|---|---|---|
||||||2022|2021|2022|2021|
|||||Notes||f|f|8|
|Fixed assets|||||||||
|Tangible assets||||10|24,633,422|24,872,321|24,629,954|24,872,321|
|Investments||||11|||6|6|
||||||24,633,422|24,872,321|24,629,960|24,872,327|
|Current assets|||||||||
|Debtors||||14|359,603|260,440|359,038|261,293|
|Cash at bank and|in hand||||406,601|588,194|363,948|541,674|
||||||766,204|848,634|722,986|802,967|
|Creditors: amounts||falling|due within one||||||
|year||||15|(937,715)|(978,457)|(925,753)|(972,949)|
|Net current liabilities|||||(171,511)|(129,823)|(202,767)|(169,982)|
|Total assets less|current||liabilities||24,461,911|24,742,498|24,427,193|24,702,345|
|Creditors: amounts||falling|due after more||||||
|than one year||||18|(14,676,206)|(15,065,216)|(14,676,206)|(15,065,216)|
|Net assets|||||9,785,705|9,677,282|9,750,987|9,637,129|
|Capital and reserves|||||||||
|Designated
reserves||||19|2,755|2,200|||
|Profit and loss reserves||||19|9,782,950|9,675,082|9,750,987|9,637,129|
|Total equity|||||9,785,705|9,677,282|9,750,987|9,637,129|
##
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|||Designated|Profit and|Total|
|---|---|---|---|---|
|||reserves|loss||
||||reserves||
|||f|f||
|Balance at 1 April 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|
|Year ended 31 March 2022:|||||
|Profit and total comprehensive|income for the year||108,423|108,423|
|Balance at 31 March 2022||2,755|9,782,950|9,785,705|
|Check CY||2,200|9,783,505|9,785,705|
|Difference CY||555|(555)||
##
|||Profit and|
|---|---|---|
|||loss|
|||reserves|
|||E|
|Balance at 1 April 2020||9,008,184|
|Year ended 31 March 2021:|||
|Profit and total comprehensive|income for the year|628,945|
|Balance at 31 INarch 2021||9,637,129|
|Year ended 31 March 2022:|||
|Profit and total comprehensive|income for the year|113,858|
|Balance at 31 March 2022||9,750,987|
##
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|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|||f||
|Cash flows from operating|activities|||||||
|Cash generated
from operations|||21||442,858||1,028,877|
|Interest paid|||||(194,479)||(191,729)|
|Income taxes paid|||||(1,409)|||
|Net cash inflow from operating||activities|||246,970||837,148|
|Investing
activities||||||||
|Purchase
oftangible
fixed assets||||(157,071)||(915,265)||
|Interest received||||505||1,675||
|Net cash used in Investing|activities||||(156,566)||(913,590)|
|Financing
activities||||||||
|Receipt/(repayment)
of bank loans||||(271,997)||(246,265)||
|Net cash used
In financing|activities||||(271,997)||(246,265)|
|Net decrease
in cash and|cash|equivalents|||(181,593)||(322,707)|
|Cash and cash equivalents|at beginning||ofyear||588,194||910,901|
|Cash and cash equivalents|at end of||year||406,601||588,194|
##
||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|6||E||
|Cash flows from operating|activities||||||
|Cash generated
from operations||22||441,235||1,029,374|
|Interest paid||||(194,479)||(191,729)|
|Net cash Inflow from operating
activities||||246,756||837,645|
|Investing
activities|||||||
|Purchase
oftangible
fixed assets|||(152,991)||(915,265)||
|Interest received|||505||1,675||
|Net cash used in investing|activities|||(152,486)||(913,590)|
|Financing
activities|||||||
|Receipt/(repayment)
of bank loans|||(271,996)||(246,265)||
|Net cash used in financing|activities|||(271,996)||(246,265)|
|Net decrease
In cash and|cash equivalents|||(177,726)||(322,210)|
|Cash and cash equivalents|at beginning|ofyear||541,674||863,884|
|Cash and cash equivalents|at end of|year||363,948||541,674|
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|Building|structure|1%on cost|
|---|---|---|
|Roofs||2% on cost|
|Windows|and doors|2% on cost|
|Kitchens|and bathrooms|3.33%on cost|
|Lifts||6.67% on cost|
|Fixtures,|fittings and equipment|20% on cost|
|Computers||33.33%on cost|
|Motor vehicles||20% on cost|
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|Turnover
and other|Turnover
and other|revenue|revenue|||
|---|---|---|---|---|---|
|||||2022
f|2021f|
|Turnover analysed||by class ofbusiness||||
|Social housing
rentals||||3,696,641|3,639,276|
|Residential
care fees||||1,627,079|1,651,368|
|Domiciliary care income||||1,148,241|1,112,116|
|Day centre charges||||50,502||
|Ground
rents and maintenance||||7,062|5,977|
|Other activities and||sundry|income|129,158|63,400|
|Recharge ofcosts|and services|||16,614|55,469|
|||||6,675,297|6,527,606|
|||||2022f|2021f|
|Other significant|revenue|||||
|Donations
received||||28,736|2,940|
|Donation of Elbolton||||18,677|957,000|
|Grants received||||457,699|453,921|
|Overage
received||||77,888|50,763|
|||||583,000|1,464,624|
|||||2022|2021|
|---|---|---|---|---|---|
|||||F|F|
|Turnover analysed||by geographical|market|||
|United|Kingdom|||6,675,297|6,527,606|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
|Operating|profit for the year is||stated after charging/(crediting):|||
|Government||grants||(457,699)|(400,827)|
|Depreciation||of owned tangible|fixed assets|395,970|413,053|
##
|||||Group||Company||
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||Number|Number|Number|Number|
|Operational||||225|257||257|
|Governance||and|support|18|18||18|
|Total||||243|275||275|
|Their aggregate|||remuneration|comprised:||||
|||||Group||Company||
|||||2022|2021|2022|2021|
||||||E|E|E|
|Wages and||salaries||4,771,194|4,884,818|4,771,194|4,884,818|
|Auditor's|remuneration|||||||
|||||||2022|2021|
|Fees payable to|||the company's|auditor and associates:||E|E|
|For audit|services|||||||
|Audit ofthe||financial statements||ofthe group and company||17,433|16,353|
|Audit ofthe||financial statements||ofthe||||
|company's||subsidiaries||||1,920|2,017|
|||||||19,353|18,370|
|Interest receivable and similar income||||||||
|||||||2022|2021|
|||||||E|E|
|Interest Income||||||||
|Interest on||bank|deposits|||505|1,675|
##
|7|Interest receivable||and similar|Income|||||||||(Continued)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Investment
income|includes the||following:||||||||||
||Interest on financial||assets not measured||at|fair value|||through|profit|or loss|505|1,675|
|8|Interest payable
and similar expenses|||||||||||||
|||||||||||||2022|2021|
|||||||||||||8|E|
||Interest on financial||liabilities|measured||at amortised cost:||||||||
||Interest on bank overdrafts
and|||loans||||||||194,479|191,729|
|9|Taxation|||||||||||||
|||||||||||||2022|2021|
|||||||||||||6|f.|
||Current tax|||||||||||||
||UK corporation
tax|on profits for the current||||period||||||462|714|
||The actual charge|for the year||can be reconciled||||to the expected|||charge for the|year based on|the profit or|
||loss and the standard||rate oftax as follows:|||||||||||
|||||||||||||2022|2021|
|||||||||||||f|f.|
||Profit before taxation|||||||||||108,885|632,805|
||Expected tax charge||based on the standard|||rate of||corporation||tax|in the UK of|||
||19.00%(2021:19.00%)|||||||||||20,688|120,233|
||Tax effect ofincome||not taxable|in determining|||taxable||profit||||(119,519)|
||Tax effect ofincome||not taxable|in determining|||taxable||profit|||(20,226)||
||Taxation charge|||||||||||462|714|
##
##
|10|Tangible fixed assets|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|---|---|
||Group|||Bugdlng
structure|Roofs|Lifts|Fixtures,
fittings
and|Motor
vehicles|Total|
||||||||equipment|||
||||||||6|||
||Cost|||||||||
||At 1 April 2021|||24,577,732|1,528,259|479,348|935,051||27,520,390|
||Additions|||104,590|9,702|5,319|25,125|12,335|157,071|
||At 31 March|2022||24,682,322|1,537,961|484,667|960,176|12,335|27,677,461|
||Depreciation|and||||||||
||impairment|||||||||
||At 1 April 2021|||1,638,655|128,895|123,515|757,004||2,648,069|
||Depreciation|charged|in the|||||||
||year|||258,790|30,759|32,279|71,675|2,467|395,970|
||At 31 March|2022||1,897,445|159,654|155,794|828,679|2,467|3,044,039|
||Carrying
amount|||||||||
||At 31 March|2022||22,784,877|1,378,307|328,873|131,497|9,868|24,633,422|
||At 31 March|2021||22,939,077|1,399,364|355,833|178,047||24,872,321|
||Company|||Beading
structure|Roofs|Lifts|Fixtures,
fittings and|Computers|Total|
||||||||equipment|||
||||||||f|||
||Cost|||||||||
||At 1 April 2021|||24,577,732|1,528,259|479,348|935,051||27,520,390|
||Additions|||104,590|9,702|5,319|21,045|12,335|152,991|
||At 31 March|2022||24,682,322|1,537,961|484,667|956,096|12,335|27,673,381|
||Depreciation|and||||||||
||Impairment|||||||||
||At
1 April 2021|||1,638,655|128,895|123,515|757,004||2,648,069|
||Depreciation|charged|in the|||||||
||year|||258,790|30,759|32,279|71,063|2,467|395,358|
||At 31 March|2022||1,897,445|159,654|155,794|828,067|2,467|3,043,427|
||Carrying
amount|||||||||
||At 31 March|2022||22,784,877|1,378,307|328,873|128,029|9,868|24,629,954|
||At 31 March|2021||22,939,077|1,399,364|355,833|178,047||24,872,321|
##
|11|Fixed asset investments|Fixed asset investments|Fixed asset investments|Fixed asset investments||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Group||Company|||
||||||||||||2022|2021|2022|2021||
||||||||||Notes|||E|E||E|
||Investments
in subsidiaries||||||||12|||||||
||IIovements
In fixed asset|||||Investments||||||||||
||Company|||||||||||||Shares|in|
|||||||||||||||subsidiaries||
||||||||||||||||E|
||Cost or valuation|||||||||||||||
||At 1 Apri1|2021 and 31 March 2022||||||||||||||
||Carrying|amount||||||||||||||
||At 31 March 2022|||||||||||||||
||At 31 March 2021|||||||||||||||
|12|Subsidiaries|||||||||||||||
||Details of|the company's|||subsidiaries|||at|31 March|2022|are as follows:|||||
||Name of undenaklng||||||||Registered|offic|||Class of|% Held||
||||||||||||||shares held|Direct||
||Abbeyfield|Court Limtied|||||||England||||Ordinary|100||
||Abbeyfield|Lodge|(llkley)||Limited||||England||||Ordinary|100||
|13|Financial|instruments||||||||||||||
||||||||||||Group||Company|||
||||||||||||2022|2021|2022|2021||
||||||||||||E|E|E||E|
||Carrying|amount|offinancial||||assets|||||||||
||Debt instruments||measured|||at|amortised||cost||143,846|102,215|150,826|109,228||
||Carrying|amount|offinancial||||liabilities|||||||||
||Measured|at amortised||cost||||||8,634,991||8,953,446|8,623,491|8,949,347||
##
|14|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||Group||Company||
||Amounts
falling due|within one year:||2022
f|2021
f|2022f|2021f|
||Trade debtors|||121,348|86,727|119,157|86,257|
||Other debtors|||22,498|15,488|31,669|22,971|
||Prspayments
and accrued income|||215,757|158,225|208,212|152,065|
|||||359,603|260,440|359,038|261,293|
|15|Creditors: amounts|falling due within|one year|||||
|||||Group||Company||
||||Notes|2022f|2021f|2022f|2021
f.|
||Bank loans||17|283,395|274,312|283,395|274,312|
||Trade creditors|||335,995|277,441|333,603|277,189|
||Corporation
tax payable|||462|1,409|||
||Other taxation
and social security|||69,427|70,773|69,427|70,773|
||Government
grants||18|109,004|109,640|109,004|109,640|
||Other creditors|||40,454|46,491|38,251|44,838|
||Accruals and deferred|income||98,978|198,391|92,073|196,197|
|||||937,715|978,457|925,753|972,949|
|16|Creditors: amounts|falling due after|more than|one year||||
|||||Group||Company||
||||Notes|2022
f|2021f|2022
f|2021f|
||Bank loans and ovsrdrafts||17|7,698,344|7,979,423|7,698,344|7,979,423|
||Government
grants||18|6,800,037|6,908,405|6,800,037|6,908,405|
||Other creditors|||177,825|177,388|177,825|177,388|
|||||14,676,206|15,065,216|14,676,206|15,065,216|
|17|Loans and overdrafts|||||||
|||||Group||Company||
|||||2022|2021|2022|2021|
|||||f|f|f|f|
||Bank loans|||7,981,739|8,253,735|7,981,739|8,253,735|
||Payabls
within one year|||283,395|274,312|283,395|274,312|
||Payabls after one year|||7,698,344|7,979,423|7,698,344|7,979,423|
##
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|||||||Group||Company||
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022|2021|
|||||||E|f|E|f|
|Arising|from||government|grants||6,909,041|7,018,045|6,909,041|7,018,045|
|Deferred||income is induded|||in the financial statements|as follows:||||
|Current||liabilities||||109,004|109,640|109,004|109,640|
|Non-current|||liabilities|||6,800,037|6,908,405|6,800,037|6,908,405|
|||||||6,909,041|7,018,045|6,909,041|7,018,045|
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|21|Cash generated
from|group|ope|ration|s|||
|---|---|---|---|---|---|---|---|
|||||||2022
f|2021f|
||Profit for the year afier|tax||||108,423|632,091|
||Adjustments
for:|||||||
||Taxation charged|||||462|714|
||Finance costs|||||194,479|191,729|
||Investment
income|||||(505)|(1,675)|
||Depreciation
and impairment||oftangible||fixed assets|395,970|413,053|
||Movements
in working|capltah||||||
||Increase
in debtors|||||(99,162)|(9,526)|
||Decrease
in creditors|||||(47,805)|(87,870)|
||Decrease
in deferred
income|||||(109,004)|(109,639)|
||Cash generated
from|operations||||442,858|1,028,877|
|22|Cash generated
from|operations||-company||||
|||||||2022|2021|
||Profit for ths year after tax|||||113,857|628,944|
||Adjustments
for:|||||||
||Finance costs|||||194,479|191,729|
||Investment
income|||||(505)|(1,675)|
||Depreciation
and impairment||oftangible||fixed assets|395,358|413,053|
||Movements
In working|capital:||||||
||Increase
in debtors|||||(97,744)|(9,635)|
||Decrease
in creditors|||||(55,206)|(83,403)|
||Decrease
in deferred
income|||||(109,004)|(109,639)|
||Cash generated
from|operations||||441,235|1,029,374|