##
##
##
##
|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||
|||||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||||||
|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||||||
|Freehold land
No depreciation||||||
|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.||||||
|(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,||||||
|which do not amount topre.conditions
regarding
eatitlement,
this is included
in incoming resources ofrestricted||||||
|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.||||||
|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.||||||
|fit) Interest receivable||||||
|Interest is included when receivable by the charity||||||
|(I) Corporation
Tax and VAT||||||
|The society has charitable
status aud is exempt fiom Corporation Tsx on the income itreceives.||||||
|The society isnot registered forVAT. Accordingly
no VAT is charged toresidents,||and|expenditure|in the income|and|
|expenditure
account includes the relevant VAT.||||||
|(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.||||||
|(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|||
|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.||||||
|(q) Unrestricted
Funds||||||
|Unrestricted
fimds are donations
and other inooming resources receivable or generated for the objects ofthe Charity||||||
|without
further specified purpose and are available as general funds.||||||
|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|||||
||||2021|2020|
||||8|8|
|Opcmtmg
sllfphls is stated seel clletglug:|||||
|Auditors'
remuneration
(inc VATh|||||
|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|||
|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|