2023-03-31-accounts

Refaence snd Administrative Details	Refaence snd Administrative Details
Trustees' Report		2to 4
Independent auditors' report		Sto 7
Statement ofComprehensive Income		B
Statement ofFinancial position		9
Statement ofChanges in Reserves		10
Cash flow statement
Notes to the Financial Statements		12to IS
The following pagedoesnot form	part ofthe statutory financial statements:
Detailed Income and Expenditure	Account	19

Charity name	Charity name			The Abbeyfield	Colwyo Bay Society Ltd
Charity registration		number		213120
Company	regtstraeon	number		00679607
Housing Amoctation		registration	number	H022
Trustees				Mrs CWhittaker	(Resigned 22 July 2022)
				Mrs BAMWatson
				MrJNBany
				Mr G R Price
				Mrs JPelham
				Mrs JR Hough
GeneralManager				Mrs A Hamblett
Secretary				Mrs A Hamblett
Registered	Office			10-12Alexandra	Road
				Cotwyn Bay
				Conwy
				North Wales
				LL29 7YB
Bankers				Barclays Bank
				84Mostyn Street
				Llandoduo
				Conwy
				North Wales
				LL302SH
Auditors				Aston Hughes Ltd
				Selby Towers
				29Princes Drive
				Colwyu Bay
				Conwy
				North Wales
				LL29 SPE

						2023		2022
					Note
Pined assets
Housing propemes		- depreciated	cost		9	1,004,222		1,013,924
less SHG					10	(43,736)		(43,736)
							960,486		970,188
Current	assets
Debtom						8,856		18,018
Cash at bank and in		hand				710,965		660,311
						719,821		678,329
Creditors:	Amounw	falling due within		one
					12	(14,119)		(15,009)
Net current assets							705,703		663,320
							1,666,189		1,633,508
The fends	ofthe charityt
Capital and reserves
Revenue reserves					15		1,645,289		1,590,545
Designated	resnves				15
Resutcted	Reserves				15		20,900		42,963
Total charity funds							1,666,189

	H	H
Approved	by the Board on.... ........ ............,.....and signed on its		ebalfby:
&tntQ'&far.		..,III.	~,
Trustee		Trustee

				Designated
				Cyclical
	Revenue		Reentered	Maintenance
	Reserves		Reserves	Reserve	Total Reserves
Atl April2022	1,590,545		42,963		1,633,508
Surplus for the year	54744		22 063
At 31 March 2023					1,666 189
				Designated
				Cyclical
	Revenue		Restricted	Maintenaace
	Reserves		Reserves	Reserve	Tatal Reserves
At 1April 2021	1,561,929		77,371		1,639,300
Surplus for the year	28,617		134,408)		(5,791)
Transfer
At 31March 2022	5,55	545	42 963		1,633,508

			2023	2022
Free cash flaws from operating activities
Net Cssb (used in)/provided	by operadng activities	18	49411	(7,141)
Cash(lowe from iavestiag	activities
Interest income			1,443	165
Capital expeaditu5e On tangible fl)ted assets
Change in fee cssb and cash equivsleats in the year			50,654	6576)
Cash and cash equivaleets	brought forward		660,312	667,288
Cash and cash equivalents	carried forward			60.5

Turnover
							Year ended	Yeareaded
							2023	2022
								8
Rent recnvahle		fmtn	supported		housing		432,326	397,058
Gueo income and resident				extras			18,695	2,135
							451,021	399,193
All income	included		in turnover		wus unrestricted	for both 2023 and 2022.
Operating	costs
						Unrestricted	Restricted	Year ended
								2023
								8
Management	costs					15,055		15,055
Service charge costs						348,778		348,778
Maintenance						25,763	22,063	47,826
D«preciation						9,702		9,702
						399,298	22,063	421,361
						Unrestricted	Restricted	Year ended
								2022f
Management	casts					13,725		13,725
Service charge costs						332,574	264	332,838
Maintenance						24,642	34,144	58,786
Depmciation						9,800		9,800
						380,741	34,408	415,149

Operating Surplus
	2023		2022
	8
Opemting surplus is stated aQer charging:
Audktots' remuneration (inc VAT):
ln their capacity as auditors		1,734		1,634
ln respmt ofother services
Depreciation		9,702		9,800

The aggregate payroll costs	The aggregate payroll costs	ofthese persoas were as follows:	ofthese persoas were as follows:
					2023	2022
The average number	ofpersons employed		duriog the year (full time equivalents)	was:
Administration
Home Mmagers
Housekeeper,	assistants	and cleaners
Total					12	12
Wages and salaries					248,079	237,025
Social security					12,563	11,857
Otherpension costs					5 166	6932
					265 809	262,760

Taneible ax	ed assets - Housing properties
			Freehold land snd
			buildings
			8
Cost
As at 1 April	2022		1,201,329
Additions
As at 31 March 2023
Depreciation
As at 1 April	2022			187,405
Charge for the period
As at31 March 2023				197107
Net book value
As at31 March 2023
As at 1 April	2022		1	013924
Tangible fixed assets - Social Bossing Grants
			Freehold land snd
			buildings
Cost
As at 1 April	2022 and 31March 2023			43 736
Debtors
		Year ended	Year eared
		2023	2022
		8
Trade debtors
Other debtors				10,000
Prepaymeau	aod accrued income	8,856		8,018
		8 856		18018
Creditomt Amounts fusing due within one year
		2023	2022
Accruals		14119		15,009

Reserves
	Revenue Reserve	Restricted	Designated	Total Reserves
		Reserves	Cydlcsl
			Matntenaace
		f	Reserve 8
At I April 2022 Income	1,590,545 454,042	42,963		1,633,508 454,042
Expenditure Transfers	(399,298)	(22,063)		(421.361)
At 31 March 2023		20900		I 666 189
	Revenue Reserve	Restricted	Designated	Total Reserves
		Reserves	Cydical
			Maintenance
At I April 2021 Income Expendinuu Transfers	1,561,929 409,358 (380,741)	f 77,371 (34,408)	Reserve 8	8 1,639,300 409,358 (415,149)
Ar 3I March 2022	I 590545	42 963		I 633508

Aceommudatiun Units
			Year ended	Year ended
			2023	2022
Supported housing uaits			27		27
Reconciliation ofnet movemeut	ln funds to net cash flow from operattng		actlvldes
			Year ended	Year ceded
			2023	2022
			8
Net (expenditure)/income for the Adjustments for;	year		32,681		(5,791)
Depreciation charges (Increase)/ Decrease in debtors Increase/ (Demease) in cmditors Finance income			9,702 9,162 (890) (1,443)	9,800 (10,893) (92) (165)
14et cash (used in)/ provided by operating		activities

Analysis ofnet assets between fends
	Revenue Reserve	Restricted		Total Reserves
		Reserves		2023
		8
Tangible axed assets	960,486			960,486
Current assets	698,921		20,900	719,821
Currint liabilides	(14,119)			(14,119)
	I 645289
	Revenue Reserve	Restricted		Total Reserves
		Reserves		2022f
Tangible fixed assets	970,188			970,188
Current assets	635,366		42,963	678,329
Current liabilities	(15,009)			(15,009)
	I 590545
Analysts ofnet funds
	At I April 2022	Financing	sash	As 31 March 2023
		aows
		8
Cash at bank aud in hand	660,311		50,654	710,965
Net surplus (debt)	660311
	AtI April 2021	Ftuautcug	each	As 31March 2022
		flows
				f.
Cash at bank and in band	667,288		(6,977)	660/11
Net surplus (debt)

		Year	ended	Year	ended
		2023		2022
		8	f,
Turnover
Shattered housing renral income		432,326		397,058
Guest income and residents extras		18,695		2,135
			451,021.		399,193
Operating custs
Pood		30,231		23,848
Household purchases		4,292		3,378
Wages and salaries		248,079		237,025
StstyblIC (Employers)		12,563		11,857
Staffpensions Staff trainiog snd recruitment		5,166 431		6,932 346
Rates and water		15350		16,168
Hesdng costs		11,465		13,457
Electricity		10,776		10,553
Insurance		I0,425		9,276
Csreline alarm seniice		1,605		1,517
General maintenance Upkeep ofgmunds		10,927 6,294		11,416 3,835
Planned maintenance		21,210		34,642
Contract and service costs		7,790		'7,377
Telepboae aad fax		6,291		6,075
Printing, postage and stationery		550		301
Affiliation fees		2,090		2,269
Sundry expenses		1,189		996
Trustee mmthtg and travel
Travel sud subsistence		66		336
Advenising The audit ofthe charity's annual accounts Auditors' remuneration —non audit work		2,942 1,734		1,979 1,634
legal fees
Bank charges		193		135
IIepreciatiou offreehold	pmpetty	9,7D2		9,80D
			421.361		415,149
Operating surplus			29,660		(15,956)
Interest receivable aad	other lacome
Legacies and bcqumrs				10,00D
Appeals and donations		1,578
Iob retention scheme
interest an cash deposits		1,443		165
			3,021		10,165
Surplus for the period			32,681		(5,791)