2023-03-31-accounts - Abbeyfield Silverdale Society

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					Page
Reference	and administrative		details ofthe company,	its Trustees and advisers
Chairman's	Statement
Trustees'	Report				3-8
Independent Auditors'		Report	on the Financial Statements		9-12
Statement	ofFinancial	Activities			13
Balance Sheet					14 - 15
Statement	ofCash Flows				16
Notes to the Financial		Statements			17-36

Trustees and Directors	Trustees and Directors	Canon P KWarren,	Canon P KWarren,	President
		Dr A Wells
		Mr JW Robson
		Mrs SCaddy
		Mr M Casson
		Mr A G Davies
		DrJ Greenwell
		Mrs JJones
		Dr N Martin
		Mr G Walker,	Chair
Company	registered
number		10845391
Charity registered
number		1174376
Registered office		Cove House
		Cove Road
		Silverdale
		Carnforth
		Lancashire
		LA5 OSG
Company	Secretary	Catherine Humphreys		ACMA
Chief Executive Officer		Catherine Humphreys		ACMA
Independent auditors		Armstrong Watson Audit Limited
		Chartered Accountants		and Statutory Auditors
		James Watson House
		Montgomery	Way
		Rosehill
		Carlisle
		Cumbria
		CA1 2UU
Solicitors		Progression	Solicitors
		11Queen Street
		Ulverston
		Lancashire
		LA12 7AF

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
			Note	6	6	6
Income from:
Donations and	legacies		4	52,126	52,126	46,404
Charitable activities			5	1,062,797	1,062,797	912,112
Investments			6	12,449	12,449	3,602
Total income				1,127,372	1,127,372	962,118
Expenditure on:
Charitable activities			7	1,074,518	1,074,518	956,005
Total expenditure				1,074,518	1,074,518	956,005
Net movement	in funds			52,854	52,854	6,113
Reconciliation	offunds:
Total funds brought		forward		2,051,655	2,051,655	2,045,542
Net movement	in funds			52,854	52,854	6,113
Total funds carried forward				2,104,509	2,104,509	2,051,655

	FOR TH	E YEAR ENDED 31 MARCH 202	3
			2023 6	2022f
Cash flows from operating	activities
Net cash used in operating	activities		153,038	29,902
Cash flows from investing	activities
Dividends, interests and rents from investinents			12,449	3,602
Purchase oftangible fixed assets			(45,391)	(198,934)
Purchase offixed asset additions not capitalised			(16,744)	(9,923)
Net cash used in investing	activities		(49„686)	(205,255)
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents in	the year	103,352	(175,353)
Cash and cash equivalents	at the beginning	ofthe year	1,243,724	1,419,077
Cash and cash equivalents	at the end of	the year	1,347,076	1,243,724
The notes on pages 17to 36 form part ofthese financial statements

					Unrestricted	Total
					funds	funds
					2023	2023
						6
	Donations				50,380	50,380
	Grants				1,746	1,746
	Total 2023				52,126	52,126
					Unrestdcted	Total
					funds	funds
					2022	2022
					6	F
	Legacies				3,571	3,571
	Grants				42,833	42,833
	Total 2022				46,404	46,404
5.	Income from charitable			activities
					Unrestricted	Total
					funds	funds
					2023	2023
					6
	Provision of	residential	care at Cove House		1,006,943	1,006,943
	Independent	living at	Cove Orchard		55,854	55,854
	Total 2023				1,062,797	1,062,797
					Unrestricted	Total
					funds	funds
					2022f	2022f
	Provision ofresidential		care at Cove House		868,906	868,906
	Independent	living at	Cove Orchard		43,206	43,206
	Total 2022				912,112	912,112

Unrestricted	Total
funds	funds
2023	2023
12,449	12,449
Unrestricted	Total
funds	funds
2022	2022
E	6
3,602	3,602

			Unrestricted
			funds	Total
			2023f	2023 6
Provision of	residential	care at Cove House	1,013,700	1,013,700
Independent	living at	Cove Orchard	60,818	60,818
Total 2023			1,074,518	1,074,518
			Unrestricted
			funds	Total
			2022f	2022f
Provision of	residential	care at Cove House	904,564	904,584
Independent	living at	Cove Orchard	51,421	51,421
Total 2022			956,005	956,005

				Staff costs	Depreciation	Other costs	Total
				2023	2023	2023	2023
				8	6		6
Provision	of	residential	care at Cove House	642,436	56,246	315,018	1,013,700
Independent		living at	Cove Orchard	16,505	5,607	38,706	60,818
				658,941	61,853	353,724	1,074,518
				Staff costs	Depreciation	Other costs	Total
				2022 f	2022 6	2022 F	2022f
Provision	of	residential	care at Cove House	577,786	49,181	277,617	904,584
Independent		living at	Cove Orchard	12,190	5,607	33,624	51,421
				589,976	54,788	311,241	956,005

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2023	2023	2023
Provision of	residential	care at Cove House	871,067	142,633	1,013,700
Independent	living at	Cove Orchard	31,340	29,478	60,818
			902,407	172,111	1,074,518

Analysis of	expenditu	re by activities (continued)
			Activities
			undertaken	Support	Total
			directly	costs	funds
			2022f	2022f	2022f
Provision of	residential	care at Cove House	765,555	139,029	904,584
Independent	living at	Cove Orchard	35,364	16,057	51,421
			800,919	155,086	956,005

				Provision of	Independ't
				residential	living at
				care at	Cove	Total
				Cove House	Orchard	funds
				2023f	2023f	2023f
Staff costs				547,246		547,246
Depreciation				56,246	5,607	61,853
Staff training				4,646		4,646
Hotel, travel	and subsistence			2,313		2,313
Printing and	stationery			3,255		3,255
Telephone and fax				1,529	1,590	3,119
Advertising	and promotion			10,715		10,715
Legal and professional,		regulation	costs (incl. DBS)	31,470		31,470
Employee benefit costs				8,623		8,623
Bank charges				1,555		1,555
Rates and water				3,920	8,342	12,262
Light and heat				39,097	3,536	42,633
Cleaning				9,747		9,747
Repair and	maintenance			77,007	11,995	89,002
Residents' comforts &welfare				4,143		4,143
Food costs				62,305		62,305
Sundry expenses				7,250	270	7,520
Total 2023				871,067	31,340	902,407

					Provision of	Independent
					residential	living at
					care at Cove	Cove	Total
					House	Orchard	funds
					2022	2022	2022
					6		F
Staff costs					485,463	(137)	485,326
Depreciation					49,181	5,607	54,788
Staff training					5,696		5,696
Hotels, travel and subsistence					1,182		1,182
Printing and		stationery			2,976	45	3,021
Telephone	and fax				2,537	360	2,897
Advertising		and promotion			11,089		11,089
Legal and professional,			regulation	costs (incl. DBS)	16,013		16,013
Equipment		hire			8,377		8,377
Bank charges					1,402		1,402
Rates and	water				4,687	1,721	6,408
Light and heat					33,969	2,747	36,716
Cleaning					7,217		7,217
Repair and		maintenance			77,419	24,823	102,242
Residents'	comforts &welfare				3,173		3,173
Food costs					50,857		50,857
Sundry expenses					4,317	198	4,515
Total 2022					765,555	35,364	800,919
Analysis ofsupport costs
					Provision of	Independ't
					residential	living at
					care at	Cove	Total
					Cove House	Orchard	funds
					2023	2023	2023
						6	6
Staff costs					95,190	16,505	111,695
Computer Costs					23,451		23,451
Legal and professional,			regulation	costs (incl. DBS)	3,600	9,184	12,784
Auditors' remuneration					11,100	1,800	12,900
Insurance					9,292	1,989	11,281
Total 2023					142,633	29,478	172,111

				Provision of	Independent
				residential	living at
				care at Cove	Cove	Total
				House	Orchard	funds
				2022	2022	2022
				8	6	F
Wages and salaries				92,326	12,327	104,653
Computer	costs			15,688		15,688
Legal and	professional,	regulation	costs (incl. DBS)	14,501	340	14,841
Auditors'	remuneration			7,890	1,700	9,590
Insurance				8,624	1,690	10,314
Total202				139,029	16,057	155,086

Auditors' remuneration
			2023 f	2022 6
Fees payable to the company's annual accounts	auditor	for the audit ofthe company's	11,400	8,000
Fees payable to the company's	auditor	in respect of:
All assurance services not included above			1,500	1,500

Staff costs
				2023 6	2022f
Wages and	salaries			605,420	547,224
Social security costs				42,845	33,799
Contribution	to defined	contribution	pension schemes	10,676	8,953
				658,941	589,976

		2023	2022
		No.	No.
Management	and administration	5	5
Catering and	housekeeping	6	4
Care staff		15	20
		26

The average	headcount
		2023	2022
		No.	No.
Management	and administration	5	4
Catering and	housekeeping	4	3
Care staff		10	12
		19	19

	Freehold	Plant and	Fixtures and	Office
	property 8	machinery 5	fittings	equipment	Total
Cost or valuation
At 1 April 2022	1,051,101	87,924	48,088	77,366	1,264,479
Additions	18,522	24,729		2,140	45,391
At 31 March 2023	1,069,623	112,653	48,088	79,506	1,309,870
Depreciation
At 1 April 2022	275,834	80,545	26,401	52,979	435,759
Charge for the year	44,163	4,054	4,244	9,392	61,853
At 31 March 2023	319,997	84,599	30,645	62,371	497,612
Net book value
At 31 March 2023	749,626	28,054	17,443	17,135	812,258
At 31 March 2022	775,267	7,379	21,687	24,387	828,720

	Property
	under
	construction
	6
Valuation
At 1 April 2022	9,923
Additions	16,744
At 31 March 2023	26,667

		2023	2022
		6	6
Due within one year
Trade debtors		9,150	18,044
Other debtors		13,781	17,675
Prepayments	and accrued income	17,172	31,014
		40,103	66,733

Creditors	: Am	ounts	falling due	within one year
					2023f	2022
Trade creditors					24,336	13,278
Other taxation		and social security			18,290	11,601
Other creditors					35,470	17,262
Accruals	and deferred		income		43,499	55,304
					121,595	97,445
					2023	2022f
Deferred	income at 1		April 2022		8,156	6,499
Resources deferred during the year						8,156
Amounts	released from previous			periods	(8,156)	(6,499)
						8,156

Statement offunds	-	current	year
							Balance at
			Balance at 1			Transfers	31 March
			Apdl 2022	Income	Expenditure	in/out	2023
			5	5	5	5	5
Unrestricted funds
Designated funds
Cove Orchard Sinking		Fund	7,952	5,700	(210)		13,442
Future Projects Fund			1,020,000				1,020,000
Maintenance Fund			99,908		(142,758)	142,850	100,000
			1,127,860	5,700	(142,968)	142,850	1,133,442
General funds
General Funds - all	funds		923,795	1,121,672	(931,550)	(142,850)	971,067
Total Unrestricted	funds		2,051,655	1,127,372	(1,074,518)		2,104,509

Statement offunds	- prior ye	ar
						Balance at
		Balance at			Transfers	31 March
		1 April 2021 f	Income f	Expenditure	in/out f	2022
Unrestricted funds
Designated funds
Cove Orchard Sinking Fund		18,424	6,938	(21,124)	3,714	7,952
Future Projects Fund		1,020,000				1,020,000
Maintenance Fund		100,000		(147,998)	147,906	99,908
		1,138,424	6,938	(169,122)	151,620	1,127,860
General funds
General Funds - all	funds	907,118	955,180	(786,883)	(151,620)	923,795
Total Unrestricted	funds	2,045,542	962,118	(956,005)		2,051,655

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Transfers	31 March
		April 2022 6	Income 6	Expenditure f	in/out 6	2023f
Designated	funds	1,127,860	5,700	(142,968)	142,850	1,133,442
General funds		923,795	1,121,672	(931,550)	(142,850)	971,067
		2,051,655	1,127,372	(1,074,518)		2,104,509

Analysis of net assets between funds -current ye	ar
	Unrestricted	Total
	funds	funds
	2023	2023
	8
Tangible fixed assets	812,258	812,258
Assets under Construction	26,667	26,667
Current assets	1,387,179	1,387,179
Creditors due within one year	(121,595)	(121,595)
Total	2,104,509	2,104,509

Analysis ofnet assets between funds - prior year
	Unrestricted	Total
	funds	funds
	2022f	2022 F
Tangible fixed assets	828,720	828,720
Assets under Construction	9,923	9,923
Current assets	1,310,457	1,310,457
Creditors due within one year	(97,445)	(97,445)
	2,051,655	2,051,655

Reconciliation of	net movement	in funds to net cas	h flow from opera	ting activities
				2023	2022f
Net income for the	year (as per Statement of Financial		Activities)	52,854	6,113
Adjustments for:
Depreciation charges				61,853	54,788
Dividends, interests	and rents from	investments		(12,449)	(3,602)
Decrease/(increase)	in debtors			26,630	(26,477)
Increase/(decrease)	in creditors			24,150	(920)
Net cash provided	by operating	activities		153,038	29,902

				2023	2022f
Cash in hand				1,347,076	1,243,724
Total cash and cash	equivalents			1,347,076	1,243,724
Analysis ofchanges	in net debt
		At	1April		At 31 March
			2022	Cash flows	2023
			6		5
Cash at bank and in hand		1,243,724		103,352	1,347,076
		1,243,724		103,352	1,347,076