ABBEYFIELD LOUGHTON SOCIETY LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST MARCH 2023
Registered Number: 758621
Registered Charity Number: 227729
ABBEYFIELD LOUGHTON SOCIETY LIMITED DIRECTOR'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
INDEX
Page Number
| 1 - 3 | - | Directors' report |
|---|---|---|
| 4 | - | Examiners' report |
| 5 | - | Statement of financial activities |
| 6 | - | Balance sheet |
| 7-11 | - | Notes to the financial statements |
| For the information of the directors | ||
| 12 | - | Detailed income and expenditure account |
ABBEYFIELD LOUGHTON SOCIETY LIMITED
| DIRECTORS AND TRUSTEES: | C M Franklin (Chairperson) |
|---|---|
| C J Rawlinson (Treasurer) | |
| P B Medway | |
| L Richards | |
| L G Murphy | |
| S A Murphy | |
| SECRETARY: | C M Franklin |
| PRESIDENT: | S Murray |
| ACCOUNTANTS: | Sterlings Accountancy Solutions Ltd |
| 131-133 Roman Road | |
| Mountnessing | |
| Brentwood | |
| Essex | |
| CM15 0UD | |
| BANKERS: | Barclays Bank plc |
| 207 High Road | |
| Loughton | |
| Essex | |
| IG10 1AZ | |
| REGISTERED OFFICE: | 121 High Road |
| Loughton | |
| Essex | |
| IG10 4LT | |
| INVESTMENT MANAGERS: | CCLA Investment Management Limited |
| COIF Charity Funds | |
| 80 Cheapside | |
| London EC2V 6DZ | |
| W H Ireland Ltd | |
| 24 Martin Lane | |
| London | |
| EC4R 0DR | |
| Columbia Threadneedle Fund Management Ltd | |
| PO Box 9040 | |
| Chelmsford | |
| Essex | |
| CM99 2XH |
Page 1
ABBEYFIELD LOUGHTON SOCIETY LIMITED
DIRECTORS' REPORT
The directors present their annual report and the financial statements for the year ended 31st March 2023. This report is a Director's Report which as required by section 417 of the Companies Act 2006 and a Trustees' Annual Report as required under Part 8 of the Charities Act 2011.
The trustees confirm that the financial statements comply with the requirements of the company's governing documents, the Charities SORP (FRS 102) and the Companies Act 2006.
Structure, Governance & Management
The Society is constituted by its Memorandum and Articles dated 24th April 1963 registered under the Companies Act 2006 (number 758621). It is also a registered charity (number 227729). The accounts have, therefore, been prepared to comply with the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and revised in May 2008. The Society is an affiliated member of The Abbeyfield Society.
The Society is a company limited by guarantee not having any share capital. Each member guarantees to contribute £1 towards the liabilities and costs on winding up.
The directors of the charity are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The trustees serving during the year and since the year end were as follows:
C M Franklin P B Medway C J Rawlinson L Richards L G Murphy S A Murphy
Recruitment and Appointment
Potential new trustees are recruited in one of two ways. Either the trustees approach someone who they think may be interested and have time to commit to the organisation, or an interested, informed person approaches an executive committee member with a view to joining the committee.
The committee would then formally discuss the applicant's merits and skill sets. Following a formal screening process and a police check, if the committee consider that the applicant would enhance the committee's work, he or she is formally elected.
Page 2
ABBEYFIELD LOUGHTON SOCIETY LIMITED
DIRECTORS' REPORT
Induction and Training of Trustees
By way of formal introduction Trustees are given training on policies and procedure relative to the role.
The charity requires trustees and staff to attend mandatory, regular training courses on a variety of topics.
The trustees form The Executive Committee of the Society and are responsible for all decision-making. Trustees are appointed on a rotational basis by the members at the Annual General Meeting.
The trustees have identified the major risks to which the Society is exposed and those risks have been mitigated. The trustees are currently reviewing their policies which have been in place for many years.
In accordance with the Articles of Association L G Murphy and S A Murphy retire from the Committee at the Annual General Meeting and will offer themselves for re-election.
Risk Management
The main areas of risk to the charity are financial and physical. The trustees undertake a formal risk assessment on a frequent basis to ensure that physical risks such as loose carpet, which could pose a risk to residents, are identified and dealt with early.
Staff are subject to police screening and training for key areas in Health and Safety, Food Hygiene and prevention of abuse.
Fire drills and the regular testing of fire alarms are undertaken often to ensure staff and residents are aware of the emergency procedures. Each resident's room has displayed fire evacuation procedures and a panic button in case of emergency. In addition, residents are offered pendant personal alarm systems.
Investments are made with the ultimate aim of high liquidity, maximum yield with very low capital risk. W H Ireland Ltd manage these investments.
Objectives & Activities
The principal activity of the charity throughout the year was providing care and accommodation for elderly and lonely persons in accordance with the Memorandum and Articles of Association and the aims and principles of The Abbeyfield Society Limited.
The trustees regularly review the needs and the facilities provided for the residents with a view to carrying out such work as maybe required, to improve and enhance the residents' quality of life.
In this respect we continued with the general upkeep and improvement of the building. Specifically the roof was repaired at a cost of £1,870, three rooms were upgraded costing £17,665, the visitors toilet refurbished for £2,320, a new boiler installed costing £2,025 and the laundry equipment replaced costing £2,633.
It is the charity's policy to cover its operating costs with income from residential charges. Any surplus on investments is set aside for future use to improve the building and facilities for residents.
Achievements & Performance
The aim of the trustees is to ensure full occupancy of the home and to provide a comfortable environment for the residents.
We maintained the same occupancy level as at the end of last year having two vacancies throughout the year.
Financial Review
Rental income increased from last year due to the rent rate rise and 2 additioanl rooms being occupied for the entire year. Overall, as expected most operational costs increased, in particular light and heat. With the current economic climate we anticipate all costs to continue to increase in the coming year. There was a deficit of £16,435 before property and investment revaluations; the investments fell in value by £28,771 resulting in an overall deficit of £45,206 for the year.
Pggc J ABBEYFIELD LOUGHTOIY SOCIETY LIMITED DIREcfoRSI REPORT RerYeS PolSty As 0131 Mtsr¢h 2023. the tothl unr¢striEt¢d r¢serves of the ¢hry ndS at £2.414.893 whith ihcludes thc lallOn T¢5CryC of £1.182.457. Income from YesideJts cover5 all thE B¢ntr] expenxs of runnth8 a horn¢ inclwjing inl¢rMI decorations and minor T¢pairs. The inves¢meni incowK 1$ g•Jernlly used capital eX)dItuT¢ orm•jor work. SIrt fjnd long term inwe8tm¢MB ar¢ •¢quiYtd •Thl held It the th"xrdion of the direttors. Plus For Future Per50th Catt is tsktn lo c[k$U thai when any n¢w rc5id¢ni is thieted into th¢ xwmftM>dalioh. li is ncwly ele8ncd. rcdctoraitd 4nd. where ne¢essory, re-carpctrd. Every ¢ffort is mode ¢n5UT¢ thai the n¢w resid¢ni iniegraie5 with Ibe oiheT rt5id¢nts. A one week ¢ri•l 15 th¢r¢firf¢ muthiory. w en5u thit th¢ ent •nd home ore ¢ompAiiblc. Tr¥t¢o' rwtsrtilbllltlts ID rdtlon to Iht IINalld i¢atéiiitts The misltts Iwho arc Blyo dIrth0 ftw pu4Mw Qfcomrr l•wl ar¢ r¢spMsibl¢ for prqMrin8 the Armu41 Report And the fininciil 51aiemehts in a¢cordarrte with •ppliubl¢ J&w nd Ul[lon. Company law T¢quiru th¢ trustees to prepare financial s¢a¢wn¢nts for each firwKiil year. Uryjcr thai law the InJ$lcts musi prepare the financial ststsm¢nts in with nIthd Kingdom G¢nerally Aty1td Ae¢ouniin8 Practice IUnil¢d KJ'D8dom Actouniin8 sndards and •pplirabl¢ lawl. Undcr Conyny law thc tru$tc¢s must approv¢ the fLtwicial s¢aicm¢nts unlcss thcy wr sat15f that they gi a InK flir tW of the s¢al¢ of affairs of thc rh4rilable company ond ¢)f th¢ incoming T¢SOWCU •pplicalion of resourw incl418 the in¢ome ind e¥p¢ndiiure. of Ihe th.ble compaDy for th WI1. stieci sulbI¢ x¢¢)uDlih8 plicie$4nd then •Fvly Ih¢m c4)kK¢i8t¢fiily: observe th¢ mcthoth llnd pYin¢iples in thc Charili¢5 SORP: m•k¢jud8eDxnts and cstimates that Ire r¢%wn•bl¢ and whttherapplK•bk UK wx(xthiii)8 sthndards ve followc4 5ubj.cci lo any mJl¢ri•l dyrnir¢5 dis¢10ged and ¢xpl•in¢d ih the ftn•nci41 sl¢m¢nts. •ThJ prtp•r¢ the OD the 8OitiS toh¢¢rn bsis uoles% li is inpwopiialC prellne that the p4ny will coniinu¢ lo yrat¢. The Mte¢S •ff res[1b1¢ for k¢¢pinK athquM¢ •ccourbtin8 record5 that sulTricni to Show and explain the Ch.1&ble cornpaDy5 trxhsaetions and di105¢ with reanIble ai any lime th¢ fuwnrial p05iiion of Ihc lthritable conbpgny 4nd enabk thcm Mb ¢n5u that the fmancial sts*mtnts cotwly with chariti Act 2(Xlfj. Thcy ue also rc5POllsibl¢ for ufe8uardin8 th¢ LtseLS ofthc ¢ompgny and hcncc for iaking Te&sotthle 5tcps for thc prcvcnliosj lllld det¢¢tioD offraud and other iThe8ulariiie& This rerKJrt has been pryrtd in accorda¢ with th¢ provi5in5 yplir•bk to companies sufye¢t lo the Small compani¢$' re8im¢. By OrdtT of the Bowd of TTuslees C M Fra[11 Chai¢r$on 025 Dat¢: i/
Page 4
INDEPENDENT EXAMINERS' REPORT TO THE TRUSTEES OF
ABBEYFIELD LOUGHTON SOCIETY LIMITED
I report on the financial statements for the year ended 31 March 2023 set out on pages 5 to 11.
Respective responsibilities of trustees and examiner
The trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
-
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiners statement
In connection with my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in, any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the companies Act 2006 and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Parker FCA Institute of Chartered Accountants in England & Wales
Sterlings Accountancy Solutions Limited 131-133 Roman Road Mountnessing Brentwood Essex CM15 0UD
Date: 24 July 2023
Page 5
ABBEYFIELD LOUGHTON SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING THE INCOME AND
EXPENDITURE ACCOUNT AND STATEMENT OF RECOGNISED GAINS AND LOSSES
FOR THE YEAR ENDED 31ST MARCH 2023
| Notes Incoming resources Incoming resources from generated funds Voluntary Donations Activities for generating funds Investment income 3 Incoming resources from charitable activities Income from residential charges Resources expended Charitable expenditure Costs of charitable activities 4 Governance costs 5 Total resources expended Unrealised surplus/(deficit) on investments Fund balance carried forward Other recognised gains and losses Unrealised gain on land and buildings on fixed assets for the Society's use Net movement in funds Fund balance brought forward Total incoming resources being net incoming resources available for charitable application Other incoming resources Net incoming/(outgoing) resources for the year before transfers and investment gains and losses being the surplus/(deficit) for the year for Companies Act purposes |
2022 Unrestricted Restricted Total Total £ £ £ £ - - - - 8,711 - 8,711 4,733 131,600 - 131,600 109,976 - - - 140,311 - 140,311 114,709 146,289 - 146,289 135,847 10,457 - 10,457 10,406 156,746 - 156,746 146,253 (16,435) - (16,435) (31,544) (28,771) - (28,771) 13,184 - - - - (45,206) - (45,206) (18,360) 2,460,099 - 2,460,099 2,478,459 2,414,893 £ - £ 2,414,893 £ 2,460,099 £ 2023 |
|---|---|
-
All transactions are derived from continuing activities
-
There are no gains or losses for the year other than those recognised in the Statement of Financial Activities.
Page 6 ABBEYFIELD LOUGHTON SOCIETY LIMITED BALINCE SHEET AS AT 31ST MARCH 2023 2023 2022 Notrs Tan8lble Fl¥ed Hou5ltLB properties Inv¢simcnts I.7.0( 44Y,D86 1,71K).(KKI 477,¥57 2,149.080 2.177.857 Current Amtts D¢btors Ca$h ai knd in h 2.942 274281 284,939 277223 287,585 Cr¢dliors'. amounts fallin8 within one 10 5.343 Net CurreAt 265.807 282,242 Total Aveti L¢M Lhblllths £ 2.414.893 £ 2.460.099 Flnnttd by: UDrntrlrttd ruervN: Retsincd 3urplus Rev8luJtion reserve 12J2.436 .182.457 1.277.642 1.1¥2.447 £ 2.414.89J £ 2.460.099 Th¢ (ompY 15 ¢ntitkd to ¢xempti0tt from audii undtr SeLioh 477 of thc coThy1Cs Aei 216 for th¢ y¢arertd¢d 31 March 2023. The membus have Doi required th¢ COTryaoy obthin 4n •udilof its for th¢ cndcd 31 MarLh 2023 in COrd with Section 476 of Cotwies Aci 2(. The direciors aLknowlcdgc thcirrwonsibililie5 for". lal ensuring thHi th¢ compatty keeps a¢cowiiing T¢cord5 which co91Y with Scctions 386 and 387 of th¢ CompNnic5 Act 2006 and (bl preparing fEDanciJl 5ts1¢mEnts which Sive a true arhj fair tW of the swe of affairs ofthe company a5 ai ihc end of cach finjnrial year of its profit or loss for cxh fIn(I•l ycgr in •¢COTdarKe wilh th¢ Tequircmcnts of Scciions 394 8nd 395 and which oth¢M5¢ conyly the tequirenxnts ofthe Coft¥Janits A¢1 21Mkn r¢latin8 io flnancial siaicments. 50 far45 4pplicabie to the Company. The fman¢Èal s¢tements ve beeD pr¢pArtd in Kcord with the SPEciryI pro%rysions of Part 15 of the Compllni¢8 A 2006 relati to SMDU clwitabk •its alld with tho fuwKial re8 Stsndard fly Sm•Jl¢r Enliiic5 IcfYccii¥c ApTiI 20081. ThE financial Statets We aPpTDv by th¢ t#)rd of di£t5 tk dat¢ Shown b¢iow atw] were signed ort its behalf by.. C M FraDkiill. Cbajrycrso . Tr¢asurcr // ILy5 The note5 on pagcs 7 to I I fiym panof ststet1*
Page 7
ABBEYFIELD LOUGHTON SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023 3
1. STATUS OF SOCIETY
The Society is registered under the Companies Act 2006 (number 758621) and is a registered charity (number 227729).
2. ACCOUNTING POLICIES
Accounting Basis
These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), "Accounting and Reporting by Charities" the Statement of Recommended Practice for Charities applying FRS 102, the companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from January 2015. The Company is a Public Benefit Entity as defined by FRS 102.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Under Companies Act 2006 s454, on a voluntary basis, the trustees can amend these financial statements if they subsequently prove to be defective.
Incoming Resources
Income from donations is included in incoming resources when these are receivable.
Income from residential charges is accounted for on a straight line and accruals basis.
Investment income is accounted for on an accruals basis.
Resources Expended
All resources expended can be separately identified between different classes of expenditure. There is no need for apportionment.
Housing Land and Buildings
The cost of property is the purchase price plus costs of developing the property to enable it to be occupied.
All invoices and architect's certificates relating to capital expenditure are included in the financial statements at gross value provided that the expenditure incurred or the architect's certificate was completed by the end of the accounting year.
Expenditure on any scheme aborted is written-off in the year in which it is recognised that the scheme will not be developed to completion.
Where the directors consider that a property has fallen below recoverable amount, the carrying value of the property is written down directly to the Statement of Financial Activities to estimated open market value for existing use. When the directors consider the property value has increased, the carrying value is increased with the surplus being credited directly to the revaluation reserve.
Depreciation
Freehold property is carried at cost/valuation and is not depreciated. It is company policy to maintain its freehold property to a high standard, because of this the property maintains a residual disposal value in aggregate at least equal to the book value and accordingly no provision for depreciation is made. This represents a departure from the Companies Act 2006 which requires depreciation to be charged on tangible fixed assets. The directors consider this departure to be necessary to give a true and fair view.
If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
Page 8
ABBEYFIELD LOUGHTON SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022
2. ACCOUNTING POLICIES - Continued
Future Cyclical Repairs and Maintenance
Provision is made for major repairs or cyclical maintenance only where they represent legally binding commitments or obligations at the balance sheet date.
Corporation Tax and VAT
The Society has charitable status and is exempt from corporation tax on the income it has received. The Society is not registered for VAT. Accordingly no VAT is charged to residents, and expenditure in the income and expenditure account includes the relevant VAT.
Investments
Investments held are stated at bid price value at the balance sheet date. Purchases and sales include transaction fees. Realised and unrealised gains and losses are credited/charged to the Statement of Financial Activities.
Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
Funds
The Society has no Restricted or Endowment Funds. All funds are credited to the General Fund held for the future running of the Society.
3. INVESTMENT INCOME
| Bank and short term deposit interest Dividends Disposal of investments 4. Advertising Television licence COSTS OF CHARITABLE ACTIVITIES Repairs and maintenance Staff salaries and costs Food and other household costs National Insurance Pension contributions Insurance Garden maintenance Rent and rates Heating and lighting Telephone |
2023 £ 2,111 6,600 - 8,711 £ 2023 £ 38,966 73,929 191 1,193 6,942 3,129 4,163 11,220 2,287 174 3,627 468 146,289 £ |
2022 £ 51 4,682 - |
|---|---|---|
| 4,733 £ |
||
| 2022 £ 38,685 68,582 588 966 5,929 3,088 3,994 7,367 2,629 166 2,971 882 |
||
| 135,847 £ |
Page 9
ABBEYFIELD LOUGHTON SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
5. GOVERNANCE COSTS
| Affiliation fee: The Abbeyfield Society Accountancy Legal and professional Printing, postage and stationery Computer expenses General expenses |
2023 2022 £ £ 2,902 2,982 4,458 4,301 1,200 1,744 7 44 330 464 1,560 871 10,457 £ 10,406 £ |
|---|---|
6. EMPLOYEES
The Society had 5 (2022 - 4) employees, amounting to three full-time equivalent employee, who run the accommodation unit. No employee earns more than £60,000 per annum.
7. FIXED ASSETS
| FIXED ASSETS | |
|---|---|
| Freehold Land and Buildings Valuation At 1st April 2022 Revaluation surplus At 31st March 2023 |
Land and buildings held for letting £ 1,700,000 - |
| 1,700,000 £ |
The property valued on 23 July 2014 by Heather Thirtle F.R.I.C.S. on the basis of the open market value for existing use.
The original cost of the property, including improvements, was £517,543.
Page 10
ABBEYFIELD LOUGHTON SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
8. INVESTMENTS
| 8. INVESTMENTS |
||
|---|---|---|
| Valuation brought forward Disposals Revaluation surplus/(deficit) UK Listed investments Columbia Threadneedle Management Funds iShares Corporate Bond 9. DEBTORS Prepayments and accrued income 10. CREDITORS: Amounts falling due within one year Other creditors Accruals and deferred income Investments comprising greater than 5% of investments are as follows:- |
2023 £ 477,857 - (28,771) 449,086 £ 2023 £ 449,086 449,086 £ 2023 £ 61,984 - 2023 £ 2,942 2,942 £ 2023 £ 464 10,952 11,416 £ |
2022 £ 464,673 - 13,184 |
| 477,857 £ |
||
| 2022 £ 477,640 |
||
| 477,640 £ |
||
| 2022 £ 65,285 - |
||
| 2022 £ 2,646 |
||
| 2,646 £ |
||
| 2022 £ 394 4,949 |
||
| 5,343 £ |
Page 11
ABBEYFIELD LOUGHTON SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
11. RESERVES
| At 1 April 2022 Operating surplus/(deficit) for the year Revaluation surplus/(deficit) in the year At 31 March 2023 |
Freehold Revaluation Reserve £ 1,182,457 - - 1,182,457 £ |
Investments Revaluation Reserve £ - - - - £ |
Unrestricted Reserve Total £ £ 1,277,642 2,460,099 (16,435) (16,435) (28,771) (28,771) 1,232,436 £ 2,414,893 £ |
|---|---|---|---|
12. SHARE CAPITAL AND CONTROLLING PARTY
The Society is a company limited by guarantee not having any share capital.
There is considered to be no controlling party.
13. PAYMENT TO MEMBERS, COMMITTEE MEMBERS, OFFICERS, ETC.
Payments to members of the Society for travel and sundry expenses reimbursed are as follows:-
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| C J Rawlinson | 260 | 198 | |
| C M Franklin | 3,772 | 174 |
The trustees did not receive any remuneration during the year.
Page 12
ABBEYFIELD LOUGHTON SOCIETY LIMITED
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2023
| Income Income from residential charges Donations Deposit interest Dividends Other income Expenditure Affiliation fee: The Abbeyfield Society Audit and accountancy Legal and professional Printing, postage and stationery Computer expenses General expenses Repairs and maintenance Employee costs Food and other household costs Garden maintenance Rent and rates Heating and lighting Telephone Television licence and rental Insurance Advertising Operating surplus/(deficit) for the year Revaluation of land and buildings Revaluation of investments Surplus at beginning of year Total Expenditure Surplus at end of year |
2023 2022 £ £ £ £ 131,600 109,976 - - 2,111 51 6,600 4,682 - - 140,311 £ 114,709 £ 2,902 2,982 4,458 4,301 1,200 1,744 7 44 330 464 1,560 871 10,457 10,406 38,966 38,685 75,313 70,136 6,942 5,929 82,255 76,065 3,129 3,088 4,163 3,994 11,220 7,367 2,287 2,629 174 166 3,627 2,971 468 882 25,068 21,097 156,746 £ 146,253 £ (16,435) (31,544) - - (28,771) 13,184 (45,206) (18,360) 2,460,099 2,478,459 2,414,893 £ 2,460,099 £ |
2023 2022 £ £ £ £ 131,600 109,976 - - 2,111 51 6,600 4,682 - - 140,311 £ 114,709 £ 2,902 2,982 4,458 4,301 1,200 1,744 7 44 330 464 1,560 871 10,457 10,406 38,966 38,685 75,313 70,136 6,942 5,929 82,255 76,065 3,129 3,088 4,163 3,994 11,220 7,367 2,287 2,629 174 166 3,627 2,971 468 882 25,068 21,097 156,746 £ 146,253 £ (16,435) (31,544) - - (28,771) 13,184 (45,206) (18,360) 2,460,099 2,478,459 2,414,893 £ 2,460,099 £ |
|---|---|---|
| 114,709 £ |
||
| 10,406 38,685 76,065 21,097 |
||
| 146,253 £ |
||
| (31,544) - 13,184 |
||
| (18,360) 2,478,459 |
||
| 2,460,099 £ |