2023-03-31-accounts - Abbeyfield The Dales Limited

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				Page
Strategic report				1-4
Trustees' report				5 —11
Independent auditor's	report			12- 14
Group profit and loss	account			15
Group and company	balance	sheets		16
Group statement ofchanges		in	equity	17
Company statement	ofchanges		in equity	18
Group statement ofcash flows				19
Company statement	ofcash	flows		20
Notes to the financial	statements			21-33

The table below outlines	the numbers	units and the	services provided	at each ofthe properties	at each ofthe properties
by the ATD:		Independent	Supported	Housing	Residential
		Living	Housing	With Care	Care
Property Owned Fern House, Bingley				49	30
Grove House, llkley				42	16
The Beeches Menston				28
Kirkview, Shipley
Woodview, Saltaire
School Street, Pudsey
Elbolton, Grassington			12
Abbeyfield Court, llkley		13
Abbeyfield Lodge, llkley		5
Pawson Cottage Homes,	llkley	8
Charles Edward Sugden	Alms House	7
		51	12	119	46
Managed Properties
Leyland's Lane, Heaton
Ing Royde, Halifax				30
Abbeyfield House, Settle			12
Abbeyfield House, Bamoldswick			12
Woodlands, Skipton				31
		4	24	61	0

		2023f	2022f
Turnover		7,628,574	6,737,206
Operating costs		(7,458,792)	(7,002,096)
Other operating income		160,126	583,612
Gross surplus		329,908	318,722
Interest receivable	and similar income	234	9,595
Interest payable and similar expenses		(363,172)	(202,137)
(Loss)/profit before taxation		(33,030)	126,180
Tax on (loss)/profit		(990)	(462)
(Loss)/profit for	the financial year	(34,020)	125,718

					Group		Company
					2023	2022	2023	2022
				Notes		f	f	f
Fixed assets
Tangible assets Investments				10 11	25,386,924 51,111	25,594,012 91,627	24,396,685 6	24,629,954 6
					25,438,035	25,685,639	24,396,691	24,629,960
Current assets
Debtors				14	328,838	361,317	320,585	359,038
Cash at bank and	in hand				403,264	439,387	305,392	363,948
					732,102	800,704	625,977	722,986
Creditors: amounts year		falling	due within one	15	(1,032,778)	(945,871)	(1,012,957)	(925,753)
Net current liabilities					(300,676)	(145,167)	(386,980)	(202,767)
Total assets less	current		liabilities		25,137,359	25,540,472	24,009,711	24,427,193
Creditors: amounts than one year		falling	due after more	17	(14,567,330)	(14,936,423)	(14,315,393)	(14,676,206)
Net assets					10,570,029	10,604,049	9,694,318	9,750,987
Capital and reserves Designated reserves Profit and loss reserves				19 19	3,306 10,566,723	2,755 10,601,294	9,694,318	9,750,987
Total equity					10,570,029	10,604,049	9,694,318	9,750,987

		Designated	Profit and	Total
		reserves	loss
			reserves
		E	E
Balance at 1 April 2021		2,200	10,476,131	10,478,331
Year ended 31 March 2022:
Profit and total comprehensive	income		125,718	125,718
Transfers		555	(555)
Balance at 31 March 2022		2,755	10,601,294	10,604,049
Year ended 31 March 2023:
Loss and total comprehensive	income		(34,020)	(34,020)
Transfers		551	(551)
Balance at 31 March 2023		3,306	10,566,723	10,570,029

		Profit and
		loss
		reserves
		6
Balance at 1 April 2021		9,637,129
Year ended 31 Iillarch 2022:
Profit and total comprehensive	income for the year	113,858
Balance at 31 March 2022		9,750,987
Year ended 31 March 2023:
Loss and total comprehensive	income for the year	(56,669)
Balance at 31 March 2023		9,694,318

					2023		2022
				Notes			f
Cash flows from operating		activities
Cash generated from operations				22		711,170		476,972
Interest paid						(363,172)		(202,137)
Income taxes paid						(462)		(1,409)
Net cash	inflow from operating		activities			347,536		273,426
Investing	activities
Purchase	oftangible fixed assets				(190,433)		(173,904)
Proceeds	from disposal of investments				40,516		(8,540)
Interest received					168		507
Dividends	received				581		2,874
Other income received from		investments			(515)		6,214
Net cash	used in investing	activities				(149,683)		(172,849)
Financing	activities
Repayment	of bank loans				(233,976)		(325,034)
Net cash	used in financing	activities				(233,976)		(325,034)
Net decrease In cash and		cash	equivalents			(36,123)		(224,457)
Cash and	cash equivalents	at beginning		ofyear		439,387		663,844
Cash and	cash equivalents	at end of		year		403,264		439,387

			2023		2022
		Notes	f		f
Cash flows from operating	activities
Cash generated from operations		23		671,692		441,235
Interest paid				(354,566)		(194,479)
Net cash inflow from operating activities				317,126		246,756
Investing activities
Purchase oftangible fixed assets			(145,433)		(152,991)
Interest received			142		505
Net cash used in Investing	activities			(145,291)		(152,486)
Financing activities
Receipt/(repayment) of bank loans			(230,391)		(271,996)
Net cash used In financing	activities			(230,391)		(271,996)
Net decrease in cash and	cash equivalents			(58,556)		(177,726)
Cash and cash equivalents	at beginning	ofyear		363,948		541,674
Cash and cash equivalents	at end of	year		305,392		363,948

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

Turnover	and othe	r reven	ue
				2023	2022
					f
Turnover	analysed	by class ofbusiness
Social housing rentals				4,313,732	3,808,519
Residential	care fees			1,963,495	1,627,079
Domiciliary	care income			1,164,452	1,148,241
Day centre charges				68,548	50,502
Ground rents and maintenance				8,208	6,203
Other activities and		sundry	income	93,708	39,612
Recharge	ofcosts	and services		16,431	57,050
				7,628,574	6,737,206
				2023	2022
				f.	f
Other significant		revenue
Donations	received			6,792	29,348
Donation	of Elbolton				18,677
Dividends	received				581
Grants received				151,652	457,699
insurance	income			1,682
Overage received					77,888
				160,126	583,612

Turnover	and other	revenue			(Continued)
				2023	2022
					E
Turnover	analysed	by geographical	market
United Kingdom				7,628,574	6,737,206

						Group	Group		Company
						2023		2022	2023	2022
						Number		Number	Number	Number
	Operational					227		225	227	225
	Governance	and support					17	18	17	18
	Total					244		243	244	243
	Their aggregate		remuneration		comprised:
						Group			Company
						2023		2022	2023	2022
							E	E	E	E
	Wages and	salaries				5,050,575		4,771,194	5,050,575	4,771,194
5	Gross surplus
									2023	2022
									E	E
	Operating profit		for	the year is	stated after	charging/(crediting):
	Government	grants							(151,652)	(457,669)
	Depreciation	ofowned tangible			fixed assets				397,517	412,159
6	Interest receivable			and similar Income
									2023	2022
									E	E
	Interest income
	Interest on bank		deposits						168	507
	Other income from investments
	Dividends received								581	2,874
	Gains on financial			instruments	measured	at fair value through	profit	or loss	(515)	6,214
	Total income								234	9,595

7	Interest	payable and	similar expenses	similar expenses	similar expenses
							2023	2022
							E	E
	Interest	on financial	liabilities		measured	at amortised cost:
	Interest	on bank overdrafts		and	loans		363,172	202,137
8	Auditor's remuneration
							2023	2022
	Fees payable to the company's				auditor and	associates:	E	E
	For audit services
	Audit of	the financial statements			ofthe group and company		18,600	17,433
	Audit of	the financial statements			ofthe
	company's subsidiaries						7,800	1,920
							26,400	19,353
9	Taxation
							2023	2022
							E	E
	Current	tax
	UK corporation tax on		profits for		the current	period	990	462

							2023	2022
							E	E
(Loss)/profit before taxation							(33,030)	126,180
Expected tax (credit)/charge	based on the standard			rate ofcorporation		tax in
the UK of19.00/0 (2022:19.00		/0)					(6,276)	23,974
Tax effect ofexpenses that	are	not deductible	in determining		taxable profit		7,266
Tax effect of income not taxable		in determining	taxable profit					(23,512)
Taxation charge							990	462

Tangible fixed assets	Tangible fixed assets
Group			Building structure	Roofs	Lifts	Fixtures, fittings and	Motor vehicles	Total
						equipment
						E
Cost
At 1 April 2022			25,677,284	1,537,961	484,668	1,033,280	12,335	28,745,528
Additions			61,126	3,960	834	124,512		190,432
At 31 March	2023		25,738,410	1,541,921	485,502	1,157,792	12,335	28,935,960
Depreciation	and
Impairment
At 1 April 2022			1,987,281	159,654	155,794	846,320	2,467	3,151,516
Depreciation	charged	in the
year			277,829	30,759	32,298	54,167	2,467	397,520
At 31 March	2023		2,265,110	190,413	188,092	900,487	4,934	3,549,036
Carrying amount
At 31 March	2023		23,473,300	1,351,508	297,410	257,305	7,401	25,386,924
At 31 March	2022		23,690,003	1,378,307	328,874	186,960	9,868	25,594,012
Company			evading sti'Uctum	Roofs	Lifts	Fixtures, fittings and	Computers	Total
						equipment
Cost
At 1 April 2022			24,682,322	1,537,961	484,667	956,096	12,335	27,673,381
Additions			61,126	3,960	835	79,512		145,433
At 31 March	2023		24,743,448	1,541,921	485,502	1,035,608	12,335	27,818,814
Depreciation	and
impairment
At 1 April 2022			1,897,445	159,654	155,794	828,067	2,467	3,043,427
Depreciation	charged	in the
year			264,129	30,759	32,298	49,049	2,467	378,702
At 31 March	2023		2,161,574	190,413	188,092	877,116	4,934	3,422,129
Carrying amount
At 31 March	2023		22,581,874	1,351,508	297,410	158,492	7,401	24,396,685
At 31 March	2022		22,784,877	1,378,307	328,873	128,029	9,868	24,629,954

Fixed asset	investments
			Group		Company
			2023	2022	2023	2022
		Notes	S	E	E	f
Investments	in subsidiaries	12
Unlisted investmsnts			51,111	91,627
			51,111	91,627
Movements	In fixed asset investments
Group						Investments f
Cost or valuation
At 1 April 2022						91,627
Valuation changes						(516)
Disposals						(40,000)
At 31 March	2023					51,111
Carrying amount
At 31 March	2023					51,111
At 31 March	2022					91,627
Movements	in fixed asset investments
Company						Shares in
						subsidiariesf
Cost or valuation
At 1 April 2022 and 31 March 2023
Carrying amount
At 31 March	2023
At 31 March	2022

Name of undertaking	Name of undertaking		Registered	Class of	%Held
				shares held	Direct
Abbsyfield	Court Limited		England	Ordinary	100
Abbeyfield	Lodge (llkley) Limited		England	Ordinary	100
Pawson Cottages Homes			England	Trustee	100
Charles	Edward	Sugden's	England	Trustee	100
Almshouses

13	Financial ins	tru	m	ents
										Group		Company
										2023	2022	2023	2022
										E	E.	E	E
	Carrying amount			of	financial			assets
	Debt instruments			measured			at amortised		cost	141,958	141,601	142,140	150,826
	instruments measured				at fair value through
	profit or loss									51,111	91,627
	Carrying amount			of	financial			liabilities
	Measured at	amonised				cost				8,613,687	8,782,278	8,465, 139	8,623,491
14	Debtors
										Group		Company
										2023	2022	2023	2022
	Amounts falling			due	within		one year:			E	E	E	E
	Trade debtors									112,814	121,347	112,374	119,157
	Other debtors									29,144	20,254	29,766	31,669
	Prepayments	and		accrued income						186,880	219,716	178,445	208,212
										328,838	361,317	320,585	359,038
15	Creditors: amounts				failing		due within		one year
										Group		Company
										2023	2022	2023	2022
									Notes	E	E	E	E
	Bankloans								18	128,364	286,980	125,716	283,395
	Trade creditors									392,464	339,049	383,153	333,603
	Amounts owed		to	group		undertakings						10,180	3,263
	Corporation tax payable									990	462
	Other taxation		and social security							63,810	69,427	63,810	69,427
	Government	grants							16	116,406	109,004	109,640	109,004
	Other creditors									210,792	37,191	210,792	34,988
	Accruals and	deferred			income					119,952	103,758	109,666	92,073
										1,032,778	945,871	1,012,957	925,753
18	Deferred grants
										Group		Company
										2023	2022	2023	2022
										E	E		E
	Arising from	government				grants				6,921,621	7,030,127	6,799,401	6,909,041

16	Deferred grants	Deferred grants							(Continued)
	Deferred income is included			in the financial statements		as follows:
	Current liabilities					116,406	109,004	109,640	109,004
	Non-current	liabilities				6,805,215	6,921,123	6,689,761	6,800,037
						6,921,621	7,030,127	6,799,401	6,909,041
17	Creditors:	amounts	falling	due after more than	one year
						Group		Company
						2023	2022	2023	2022
				Notes		E	E	E	E
	Bank loans	and overdrafts		18		7,762,115	7,837,475	7,625,632	7,698,344
	Government	grants		16		6,805,215	6,921,123	6,689,761	6,800,037
	Other creditors						177,825		177,825
					14,567,330		14,936,423	14,315,393	14,676,206
18	Loans and	overdrafts
						Group		Company
						2023	2022	2023	2022
						E	E	E	E
	Bank loans					7,890,479	8,124,455	7,751,348	7,981,739
	Payable within one year					128,364	286,980	125,716	283,395
	Payable after one year					7,762,115	7,837,475	7,625,632	7,698,344

22	Cash generated from group oper	ation	s
				2023	2022
				f	f
	(Loss)/profit for the year atter tax			(34,020)	125,718
	Adjustments for:
	Taxation charged			990	462
	Finance costs			363,172	202,137
	Investment income			(234)	(9,595)
	Depreciation and impairment oftangible		fixed assets	397,520	412,157
	Movements in working capital:
	Decrease/(increase) in debtors			32,479	(99,223)
	Increase/(decrease) in creditors			59,769	(42,864)
	Decrease in deferred income			(108,506)	(111,820)
	Cash generated from operations			711,170	476,972
23	Cash generated from operations	-company
				2023 f.	2022f
	(Lass)/profit for the year after tax			(56,670)	113,857
	Adjustments for:
	Finance costs			354,566	194,479
	Investment income			(142)	(505)
	Depreciation and impairment oftangible		fixed assets	378,702	395,358
	Movements In working capital:
	Decrease/(increase) in debtors			38,454	(97,744)
	Increase/(decrease) in creditors			66,422	(55,206)
	Decrease in deferred income			(109,640)	(109,004)
	Cash generated from operations			671,692	441,235