2021-06-30-accounts - Abbeyfield Wey Valley Society Limited

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		Page
Legal and administrative	information
Report ofthe Board of	Trustees	2 —8
Independent Auditors'	Report	9 —11
Statement ofFinancial	Activities	12
Balance Sheet		13
Statement ofCash Flows		14
Notes to the Financial Statements		15 —28

Charity number	Charity number		1168173
Company	number		10259078
Registered	Provider number		H3294
Principal	and registered	office	Wey Valley	House
			Mike Hawthorn Drive
			Farnham
			Surrey
			GU9 7UQ
Auditors			Knox Cropper LLP
			Office Suite	1,Haslemere	House
			Lower Street
			Haslemere
			Surrey
			GU27 2PE
Bankers			CCLA —COIF Charity Funds
			Senator House
			85 Queen Victoria Street
			London
			EC4V 4ET
			Barclays Bank Plc
			1 Churchill	Place
			London
			E145HP
Investment	Management		Barclays Wealth and Investment			Management
			Barclays Bank Plc
			1 Churchill	Place
			London
			E145HP

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				Notes		2021	2020
							Restated
Tangible Fixed Assets
Housing Properties at Depreciated		Cost		9		8,940,947	10,254,969
Vehicles				9		14,583	19,444
Fixtures, fittings and equipment				9		133,276	156,571
Investments				10		872,471	741,424
						9,961,277	11,172,408
Current Assets
Stocks				11		6,005	6,005
Trade and Other Debtors				12		119,259	111,477
Cash and Cash Equivalents				13		3,218,873	1,985,229
						3,344,137	2,102,711
Current Liabilities
Creditors: amounts falling due within one year				14		437,759	355,784
Net Current Assets						2,906,378	1,746,927
Long Term Liabilities
Creditors: amounts falling	due after	one year		15		36,017	36,420
TOTAL NET ASSETS					f12,831,638		612,882,915
Capital and Reserves
Unrestricted Reserves				18		9,932,155	9,944,055
Restricted Reserves				19		2,899,483	2,938,860
TOTAL FUNDS					f12,831,638		812,882,915
he Financial Statements	were approved		at the Board of Truste		meeting	on	P?t..~021, and

FOR THK YEAR ENDED	FOR THK YEAR ENDED	30TH	JUNE 2021
			Notes	2021	2020
					Restated
NET CASH GENERATED FROM OPERATING ACTIVITIES			A	147,889	297,160
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase ofproperty components				(93,473)	(95,976)
Purchase ofother fixed assets				(51,701)	(38,332)
Proceeds from sale offixed assets				1,234,624
Disposal ofinvestments (Note 11)				2,682	2,708
Investment income				23	7,256
Investment management fees				(2,454)	(2,231)
Movement in cash held in investments				(228)	105
TOTAL CASHFLOWS FROM INVESTING ACTIVITIES				1,089,473	(126,470)
CASH FLOWS FROM FINANCING ACTIVITIES
Interest paid Repayment ofLoans				(3,365) 353	(3,465) (259)
				3,718	(3,724
NKT CHANGE IN CASH AND CASH EQUIVALENTS				1,233,644	166,966
CASH AND CASH EQUIVALENTS AT BEGINNING
OFTHE YEAR				1,985,229	1,818,263
CA.SH AND CASH EQUIVALENTS AT KND OF THE	YEAR		B	63,218,873	f.1,985,229
A CASH FLOWS FROM OPERATING ACTIVITIES
Net (expenditure)/income for the year				(51,277)	(226,384)
Depreciation				237,352	229,591
Development costs					275,062
Investment Income and Interest Receivable				(20,593)	(32,293)
Interest Payable				3,365	3,465
Decrease/(increase) in Stock
(Increase)/decrease in Debtors				(7,782)	9,906
Increase/(decrease) in Creditors				81,925	(24,444)
Loss on Sale ofAssets				15,376	3,200
Unrealised (gains)/losses on investments				(112,931)	56,826
Investment management fees				2,454	2,231
				2147,889	F297,160
B CASH AND CASH EQUIVALENT
Bank Balances				3,218,873	1,985,229
				K3,218,873	61,985,229
ANALYSIS OF CHANGES IN NKT DEBT	At 1"July				At 30'b June
		2020		Cash Flows	2021
Cash		1,985,229		1,233,644	3,218,873
Loans falling due within one year		(300)		(50)	(350)
Loans falling due in more than one year		36,420)		403	36,017)
	f.1,948,509			61,233,997	f3,182,506

	Years			Years
Land	n/a	Kitchen		20
Main Structure &Fabric	100	Bathroom/W. C.		30
Roof&Covering	70	Heating/ventilation/plumbing		30
Windows and External Doors	30	Electrics		40
Gas Boilers	15	Lift		20
Grounds and gardens	15	Internal	structures	20

	FOR	THE YEARENDED 30TH JUNE 2021	THE YEARENDED 30TH JUNE 2021	THE YEARENDED 30TH JUNE 2021	THE YEARENDED 30TH JUNE 2021
				(Continued)
3,	Income from donations and grants				2021	2020
	Infection Control Fund Grants				207,994	51,004
	Donations and bequests				7,410	24,470
	Total income from donations		and grants		6215,404	675,474
4.	Income from charitable activities
	Gross fees from accommodation		services		5,324,862	5,013,111
	Less voids				(1,113,844)	(541,740)
	Net fees receivable from accommodation			services	4,211,018	4,471,371
	Home Care activities				194,335	165,847
	Net fees from all activities				K4,405,353	64,637,218
	Investment income
	Interest on funds on call and	short notice			23	7,256
	Accumulated income				20,570	25,037
	Total investment income				220,593	f32,293
6.	Expenditure on charitable	activities
	Employee costs, agency staff and training				3,298,860	3,184,362
	Catering				222,825	243,084
	Other care expenses				161,656	165,606
	Establishment expenses				176,215	168,823
	Repairs and maintenance				284,297	227,005
	Vehicle costs				4,668	4,718
	Depreciation and amortisation				252,728	232,791
	Residents' amenities				18,938	29,851
	Interest payable				3,365	3,465
	Debt provision and write-offs				12,221	10,722
	Aborted development costs					275,062
	General management expenses				112,887	117,198
	Support costs (note 7)				257,340	255,908
	Total expenditure on charitable		activities		Z4,806,000	64,918,595

Support costs	2021	2020
Employee costs	140,586	132,227
Administration costs	91,942	97,007
Payroll fees	8,132	8,322
Professional fees	6,690	8,442
Auditors' remuneration	9,990	9,910
Total support costs	K257,340	f255,908

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				N	OTES TO THE FINANCIAL STATEMENTS	OTES TO THE FINANCIAL STATEMENTS	OTES TO THE FINANCIAL STATEMENTS
					FOR THE YEAR ENDED 30TH JUNE 2021
							(Continued)
							2021	2020
								Restated
10.	Investments
	Balance brought		forward				741,424	776,026
	Accumulated	income					20,570	25,037
	Disposals						(2,682)	(2,708)
	Realised and unrealised				gains/(losses)		112,931	(56,826)
	Movement in	cash					228	(105)
							8872,471	F741,424
11.	Stocks
	Household supplies						K6,005	66,005
12.	Trade and Other Debtors
	Residents' fees						63,198	65,890
	Less provision	for doubtful				debts		(9,513)
							63,198	56,377
	Other debtors						250	9,207
	Prepayments and		accrued income				55,811	45,893
							6119,259	6111,477
13.	Cash and Cash		Equivalents
	COIF Deposit	Account					1,229,475	1,228,997
	Barclays Bank						1,987,882	755,060
	Cash in hand						1,516	1,172
							Z3,218,873	K1,985,229
14.	Creditors: Amounts			falling		due within	one year
	Loan from Orchardbrook				Limited (Note		16a) 350	300
	Trade creditors						101,698	62,319
	Social Security	and PAYE					74,741	70,304
	Other creditors						61,928	61,435
	Accruals and deferred			income			199,041	161,426
							K437,758	6355,784

16.	Social Housing Gran	t
				2021		2020
						Restated
	Aggregate amount	received
	At 1stJuly 2020 and	30th June	2021	3,752,630		3,752,630
	Released to SOFA
	At 1stJuly 2020			3,752,630		3,752,630
	Released for the period
	At 30th June 2021			3,752,630		3,752,630
	Net Book Amount
	At 30th June 2020
	At 30th June 2021
17.	Reserves:
	Movement During The Year		Opening	Total	Transfers	Closing
			Balance	Comprehensive	To/(from)	Balance
			01/07/2020	Income	Reserves	30/06/2021
	Unrestricted Reserves
	Designated Reserves		8,589,803		(50,000)	8,539,803
	Revenue Reserve		304,252	(11,900)	250,000	542,352
	Prudential Reserve		800,000		50,000	850,000
	Revaluation Reserve		250,000		(250,000)
	Total Unrestricted Reserves		9,944,055	(11,900)		9,932,155
	Restricted Funds (Note 18)		2,938,860	(39,377)		2,899,483
			f12,882,915	K(51,277)	6 -	812,831,638

The full	time equivalent number ofstaff whos	e remuneration payable was more	than f60,
		2021	2020
f90,000	—f100,000	1	1
f60,000	—5.70,000	1,7	1,7
		2.7	2.7

The Board ofTrustees are the	ultimate controlling	party ofthe So	ciety.
Units in Management	Residential	Nursing	Sheltered	Total
Wey Valley House, Farnham	26			26
Hatch Mill, Farnham	19	27		46
Ridgway Court, Farnham	16			16
Kemnal, Haslemere			7	7
Roundhay, Guildford			10	10
Castle Gate, Guildford			8	8
Total	61	27	25	113

Net Assets by fund	Unrestricted	Restricted	2021Total
Fixed Assets	7,144,165	2,817,112	9,961,277
Current Assets	3,261,766	82,371	3,344,137
Current Liabilities	(437,759)		(437,759)
Long Term Liabilities	(36,017)		(36,017)
Total	K9,932,155	K2,899,483	612,831,638
	Unrestricted	Restricted	2020 Total
Fixed Assets	8,317,770	2,854,638	11,172,408
Current Assets	2,018,489	84,222	2,102,711
Current Liabilities	(355,784)		(355,784)
Long Term Liabilities	(36,420)		(36,420)
Total	K9,944,055	K2,938,860	612,882,915