| Charity | name | The Abbeyfield | Colwyn BsySociety Ltd | ||
|---|---|---|---|---|---|
| Charity | registration | number | 213120 | ||
| Company | registration | number | 00679607 | ||
| Housing | Association | registration | nuntber | H022 | |
| Trustees | Mrs CWhittaker | ||||
| Mrs BA M Watson | |||||
| Mr JNBarry | |||||
| Mr GRPrice | |||||
| Miss AP Roberts | |||||
| Mrs JRHough | |||||
| General Manager | Mrs A Hamblett | ||||
| Secretary | Mrs A Hamblett | ||||
| Registered Office | 10-12Atexandra | Road | |||
| Colwyn Bay | |||||
| Comvy | |||||
| North Wales | |||||
| LL297YB | |||||
| Bankers | Barclays Bank | ||||
| 84Mostyn Street | |||||
| Llandudno | |||||
| Conwy | |||||
| North Wales | |||||
| LL302SH | |||||
| Auditors | Aston Hughes Ltd | ||||
| Selby Towers | |||||
| 29Princes Drive | |||||
| Colwyn Bay |
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| Conwy | |||||
| North Wales | |||||
| LL29SPE |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | ||||
| Turnover | 443,025 | 460,678 | ||
| Less: Operating costs |
433,734 | 418,545 | ||
| Operating surplus |
9,291 | 42,133 | ||
| Interest receivable | 1,582 | 2,761 | ||
| Other income | 115,984 | 40 | ||
| 117,566 | 2,801 | |||
| Surplus on ordinaty activities before taxation |
126,857 | 44,934 | ||
| Tax on surplus on ordinary | activities | |||
| Surplus for the period | 126,857 | 44,934 | ||
| Reserves brought forward | 15 | 1,512,443 | 1,467,509 | |
| Reserves carried forward | 15 | 1,639,300 | 4512,443 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Housing pmperdes less SHG |
-depreciated cost | 9 13 |
1,023,724 ~43,736 |
1,033,623 ~43,736 |
|
| 979,988 | 9S9,887 | ||||
| Current assets | |||||
| Debtors | 7,125 | 6,851 | |||
| Cash at bank snd in | hand | 667288 | 533631 | ||
| 674,413 | 540,482 | ||||
| Creditors: Amounts year |
falsng due within one | 12 | ~75 131 | ~17.926 | |
| Net current assets | 659312 | 522 556 | |||
| Net assets | I 639316 | I 512443 | |||
| The funds ofthe charity: | |||||
| Capital and reserves | |||||
| Revenue reserves | 15 | 1,561,929 | 1,512,443 | ||
| Designated reserves |
15 | ||||
| Restricted Reserves | 15 | 77,371 | |||
| Totalchanty funds |
I6393NI | 1512443 |
| Desigaated | ||||
|---|---|---|---|---|
| Cyclical | ||||
| Revenue | Restricted | Maintenance | ||
| Reserves | Reserves | Reserve | Total Reserves | |
| At 1April 2020 | 1,512,443 | 1,512,443 | ||
| Surplus for the year | 50,318 | 76,539 | 126,857 | |
| Tmusfcr | 832 | 832 | ||
| At 31March 2021 | 1,561,929 | 77,371 | 1,639,300 | |
| Designated | ||||
| Cyclical | ||||
| Revenue | Restricted | Maintenance | ||
| Reserves | Reserves | Reserve | Total Reserves | |
| At 1April 2019 | 1,465,926 | 1,583 | 1,467,510 | |
| Surplus for the year | 46,517 | (1,583) | 44,934 | |
| Transfer | ||||
| At 31March 2020 | 1,512,443 | 1,512,443 |
| Cash flow for the year end | ed 31March | 2021 | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | 8 | 8 | |||
| Free cash Bows from operating activities |
|||||
| Net Cash (used in)/provided | by operating activities | 18 | 132,075 | 49,175 | |
| Cashfiows from investing | activities | ||||
| Interest income | 1482 | 2,761 | |||
| Capital expenditure on tangible fixed assets |
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| Change in &eecash and cash equivalents in the year |
133,657 | 51936 | |||
| Cash and cash equivalents | brought forward |
533,631 | 481,696 | ||
| Cash and cash equivalents | carried forward | 667.388 | 533 631 |
| (h) Depreciation | |||||
|---|---|---|---|---|---|
| Housing properties are depreciated on historic costafter deducring Nants. |
I)epmciation | ispmvided | on housing properties | ||
| so astowrite oifthe costorvaluation, less any estimated residual value, over their |
expected useful | economic life | as | ||
| follows: | |||||
| Housing properties 1%nxlucing balance basis |
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| Freehold land No depreciation |
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| The costoffixnues, fittings and equipment iswritten offthrough the iacome and expenditum account as incunud. |
Assets | ||||
| donated to the charity are not included in the bahmce sheet. |
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| (I) Donaaons and grants | |||||
| Income fmm donations and grants, including capital grants, is included in |
incoming | resources when these are receivable, | |||
| except as follows: "When donors specify that donations and grants given to the charity must |
be used | in future accounting periods, | |||
| the income is deferred unril those periods. | |||||
| *When donors impose conditions that have to be fulfilled before the charity becomes entitled to use such income, |
the | ||||
| income is deferred and not included in incoming resources until the pre-conditions |
are meu | ||||
| "When donors specify that donations aud gumts, including capital grants, are for particular restricted purposes, |
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| which do not amount topre.conditions regarding eatitlement, this is included in incoming resources ofrestricted |
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| funds when receivable. | |||||
| (j) Legacies | |||||
| Legacies received for8specific purpose are included in restricted mserves, |
8record | ofexpenditure | allocated against this | ||
| reserve is maintained by The Society. |
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| Adesignated reserve has been established to enable the Society tomeet the |
costoffuture | repair and | replacement liabiTities. |
||
| The amount ofdesignated reserve isto be reviewed each year with reference to the plan. |
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| fit) Interest receivable | |||||
| Interest is included when receivable by the charity | |||||
| (I) Corporation Tax and VAT |
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| The society has charitable status aud is exempt fiom Corporation Tsx on the income itreceives. |
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| The society isnot registered forVAT. Accordingly no VAT is charged toresidents, |
and | expenditure | in the income | and | |
| expenditure account includes the relevant VAT. |
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| (m) Resources expended | |||||
| Resouroes expended are included in the Statement ofFinancial Activities on an accrual s | basis. Certain expenditure | is | |||
| directly attributable to specific activities and has been included in those categories. |
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| (n) Pensions | |||||
| The company operates adefined contribution pension scheme. Contributions |
payable tothis scheme | are charge to the | |||
| income and expenditure account in the period which they relate. These contributions |
are | invested separately fmm the |
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| colllpsuy 8assets. | |||||
| (o) Debtors | |||||
| Trade debtors are amounts due fium customers orfunders. A provision for impairment ofdebtors is | made when them is | ||||
| objective evident that the charity may not be able to collect all the anwunts | due, | ||||
| (p) Cash at bank and in band | |||||
| Cash snd cash equivalents comprise cash on hand and ca)I deposits. |
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| (q) Unrestricted Funds |
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| Unrestricted fimds are donations and other inooming resources receivable or generated for the objects ofthe Charity |
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| without further specified purpose and are available as general funds. |
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| Restricted funds are those donated for use in 8particular area ofspecifi purpose, the use |
ofwhich is restricted to that area | ||||
| ofpurpose. |
| Turnover | ||||
|---|---|---|---|---|
| Year ceded | Year ended | |||
| 2021 | 2020 | |||
| 0 | 8 | |||
| Rent receivable from supported | housing | 443,025 | 458,614 | |
| Guest income and resident extras | 2,064 | |||
| 443,025 | 460,678 | |||
| All income included in turnover | was unrestricted | for both 2021 and 2020. |
| Unrestricted | Restricted | Year ended | ||
|---|---|---|---|---|
| 2021 | ||||
| 8 | ||||
| Management | costs | 15,005 | 15,005 | |
| Service charge costs | 346,398 | 346,398 | ||
| Maintenance | 26,909 | 35,523 | 62,432 | |
| Depreciation | 9,899 | 9,899 | ||
| 398,211 | 35,523 | 433,734 | ||
| Unrestricted | Restricted | Year ended | ||
| 2020f | ||||
| Management | costs | 14,875 | 14,875 | |
| Service charge costs | 325,350 | 1,583 | 326,933 | |
| Maintenance | 66,738 | 66,738 | ||
| Depreciation | 9,999 | 9,999 | ||
| 416,962 | 1,583 | 418,545 | ||
| Operating Surplus |
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| 2021 | 2020 | |||
| 8 | 8 | |||
| Opcmtmg sllfphls is stated seel clletglug: |
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| Auditors' remuneration (inc VATh |
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| In their | capadty as auditors | 1,595 | 1,557 | |
| In respect ofother services | ||||
| Depmciation | 9,899 | 9,999 |
| Tangible lix | ed asset | s - Housing properttes | ||||
|---|---|---|---|---|---|---|
| Freehold | land aad | |||||
| buildings f |
||||||
| Cost | ||||||
| As at 1 April | 2020 | 1,201,329 | ||||
| Additions | ||||||
| As at31Mmch 2021 | 1 | 201 329 | ||||
| Depreciation | ||||||
| As at 1April | 2020 | 167,706 | ||||
| Charge for the period | 9 299 | |||||
| As at 31March 2021 | 177,605 | |||||
| Net book value | ||||||
| As at31March 2021 | 1 023724 | |||||
| As at 1 April | 2020 | 1,033,623 | ||||
| Tangible fixed assets - Social Housing Grants | ||||||
| Freehold land and | ||||||
| buildings f |
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| Cost | ||||||
| As at I April | 2020 and 31March 2021 | 43 730 | ||||
| Debtors | ||||||
| Year ended | Year ended | |||||
| 2021 | 2020f | |||||
| Trade debtors | ||||||
| Other debtors | ||||||
| Prepayments | and accrued income | 7,125 | 6,851 | |||
| 7» | 6,851 | |||||
| Creditors: Amounts | fslgng due within one year | |||||
| 2021 f |
2020f | |||||
| Accruals | 13101 | » 9 |
| Analysis ofnet assets between funds | ||||||
|---|---|---|---|---|---|---|
| Revenue | Reserve | Restricted | Total Reserves | |||
| Reserves | 2021 | |||||
| 8 | 0 | |||||
| Tangible fixed assets | 979,988 | 979,988 | ||||
| Current assets | 597,042 | 77,371 | 674,413 | |||
| Current liabiTities | (15,101) | (15,101) | ||||
| 1.561.929 | 77 371 | 1639,300 | ||||
| Revenue | Reserve | Restricted | Total Reserves | |||
| Reserves | 2020 | |||||
| 8 | ||||||
| Tangible Sxed assets | 989,887 | 989,887 | ||||
| Current assets | 540,482 | 540,482 | ||||
| Curreat liabiTities | (17,926) | (17,926) | ||||
| 1412,443 | I | 512443 | ||||
| Analysis ofnet thuds | ||||||
| At 1Aprg 2020 | Plnanciag | cash | As 31March 2021 | |||
| Rows | ||||||
| 8 | f | |||||
| Cash at bank and in hand | 533,631 | 133,657 | 667488 | |||
| Net surplus (debt) | 533631 | 133,657 | 667288 | |||
| At 1April 2019 | Ptnanciag | cash | As31March 2020 | |||
| Rows | ||||||
| Cash atbank and in hand | 481,696 | 51,936 | 533,631 | |||
| Net surplus (debt) | 481696 | 51,936 | 533 631 |