2022-09-30-accounts - SidLife Limited

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Reference and Administrative	Details
Trustees' Report		2 to 13
Independent Auditors' Report		14to 16
Statement ofFinancial Activities		17
Statement ofComprehensive	Income
Balance Sheet		19
Statement ofCash Flows		20
Notes to the Financial Statements		21 to 28
Detailed Statement ofFinancial Activities		29to 30
Detailed SOFA summary	per fund	29

			Reference and Administrative	Reference and Administrative	Reference and Administrative	Details	Details
Trustees			Mr A Darrant,	Chairman
			Mr R Seaver, Treasurer
			Mrs V Fursey
			Mrs IMitchell
			Mrs SPhillips
Secretary			Mrs SBillinghurst
Charity Registration		Number	229545
Company	Registration	Number	00762159
			The charity is	incorporated	in	England	and Wales.
Registered	Office		Abbeyfield Court
			Station Road
			Sidmouth
			Devon
			EX108NW
Auditor			Easterbrook Eaton Limited
			Statutory Auditors
			Cosmopolitan	House
			Sidmouth
			Devon
			EX108LS
Bankers			CAF Bank Ltd
			PO Box289
			West Mailing
			Kent
			ME194TA
			HSBC Bank Pic
			Fore Street
			Sidmouth
			Devon
			EX108AA

Reduced Income 8 Increased Costs
Wages 8 Salaries	273,860
Investment Losses on Valuation	162,687
Abbeyfleld Court Closure Provision	135,057
Light, Heat &Power	53,480
General Maintenance	22,115
!nvestment income	4,660
Insurance	3,981
Garden lvlalnten ance	3,724
Loan interest	3,177
Lower Donations &Legacies	2,392
Auditors Remunerati'on	1974
Minibus 8 Van Expenses	1+56
Water Rates	1,075
Audit Fees	466
TOTAL

Increased Income &Reduced Costs
Rental Income	81,286
Abbeyfield IVlembershlp	8,885
Depreciation	6,674
Sundry Expenses	1,776
Phone &Admin Expenses	1,033
Council Tax, Food &Cleaning	~1083
TOTAL	Jgg 737
YEAR QN YEAR REDUCTION	S69467

		Current	Target	Last	Next
		2~021 22	2~021 22	2020 21	2022 23
Metric 1-Itelnvestment		0%	0%		0%
No plans were made	in 2021/22 to scrfulre additional		properties.
Metric 2-New Supply	Delivered	46%	-46%	0%	-46%
(Social Housing}

		Unrestricted
		funds
			Restricted	Total	Total
	Note	General	funds	2022f	2021
Income aad Endowments	from:
Donations and legacies		1,104		1,104	3,496
Charitable activities		999,605		999,605	918,319
Investment income		10,849	647	11,496	16,156
Total Income		1,011,558	647	1,012,205	937,971
Expenditure on: Charitable activities Total Expenditure Gains/losses on investment assets		~47,654 ~7,343,728 ~),343,728)	~3.35) ~9,676 ~9,676	~51,005 ~),353,403 ~61,353,404	111,682 ~872,390 ~872,390
Other recognised gains and losses
Net movement in funds		(379,824)	(12,380)	(392,204)	177,263
Reconciliation offunds
Total funds brought forward		3,910,242	46,774	3,957,016	3,779,753
Total funds carried forward	14	3,530,418	34,394	3,564,812	3,957,016

	2022	2021
Tufliovef	1,000,709	921,815
Operatmg expenses	(1,353,404)	(872,390)
Operating (degcit)rsurptus	(352,695)	49,425
Income from investments	11,496	16,156
(Degcit)ggurptus for the gnancial year	(341,199)	65,581
(Losses)/Gain on revaluation ofother assets	(51,005)	111,682
Total comprehensive (degcit) l income for the gnancial year	(392,204)	177,263

						2022	2021
					Note
Fired assets
Tangible assets						3,419,382	3,445,917
Investments						552,525	505,884
						3,971,907	3,951,801
Current assets
Stocks						3,535	4,352
Debtors						16,421	10,614
Cash at bank	and in hand					73,030	390,016
						92,986	404,982
Creditors: Amounts		falling due within		one year	9	~)06,260)	~706,322)
Net current	(liabilities)/assets					~7)3,274	293,660
Total assets	less current		liabilities			3,958,633	4,250,461
Creditors: Amounts		falling due after		more than one year	10	(258,764)	(293,445)
Provisions						~735,057
Net assets						3 564,312	3,957,016
Funds ofthe	charity:
Restricted iacome funds
Restricted funds						34,394	46,774
Unrestricted	income	funds
Unrestricted	funds					3,530,418	3,910,242
Total funds					i4	3,564,812	3,957,016

				2022	2021
			Note
Cash flows from operating activities
Net cash (expenditure)/income				(392,204)	177,263
Adjustments to cash flows from non-cash		items
Depreciation Gain on listed investments				29,069 56,426	35,743 ~23,342
				(306,709)	184,664
Working capital adjustments
Decrease in stocks				817	1,698
(increase)/decrease in debtors				(5,807)
(Decrease)/increase in creditors Provision movement				(62) 135,957	30,758 ~192192
Net cash flows fiom operating	activities			176,704	39,097
Cash flows from investing activities
Purchase oftangible fixed assets				(2,534)	(19,336)
Purchase ofinvestments				(176,910)	(186,587)
Sale ofinvestments				73,843	371,451
Net cash flows fiom investing	activities			(105,601)	165,528
Cash flows from financing activities
Repayment ofloans and borrowings				(34,681)	(38,301)
Net (decrease)/increase in cash	and cash equivalents			(316,986)	166,324
Cash and cash equivalents at I	October			390,016	223,692
Cash and cash equivalents at 30September				73,030	390,016

5 Tangible fix	e	assets
			Land and	Furniture and
			buildings	equipment	Motor	vehicles	Total
Cost
At 1 October 2021			3,403,310	239,337		9,587	3,652,234
Additions Disposals				2,534 ~36,914			2,534 ~36,914
At 30 September	2022		3,403,310	204,957		9,587	3,617,854
Depreciation
At I October 2021				204,400		1,917	206,317
Charge for the year Eliminated on disposals				27,152 ~36,914		1,917	29,069 ~36,914
At 30September	2022			194,638		3,834	198,472
Net book value
At 30 September	2022		3,403,310	10,319		5,753	3,419,382
At 30September	2021		3,403,310	34,937		7,670	3,445,917
Land and buildings		cost is as follows:
Housing properties		cost					3,637,310
Less: Social housing		grant					(234,000)
Net Cost							3,403410
6 Fixed asset investments
					2022		2021
Other investments					552,525		505,884
						2022	2021
Cost b/fwd						438,116	622,980
Additions						]76,910	186,587
Disposal					~73,843		~(371.451
Cost c/fwd						541,183	438,116
Unrealised	gain					11,342	67,768
Market value		c/fwd				552,525	595,884

7 Stock
								2022	2021
Stocks								3,535	4,352
8 Debtors
								2022	2021
Other debtors								16,421	10,614
9 Creditors:	amounts		falling due within			one year
								2022	2021
Abbeyfield loan								36,190	36,190
Other taxation	and social		security					9,056	7,662
Other creditors								61,014	62 470
								106,260	106,322
10 Creditors:	amounts		falling due after		one year
								2022	2021
Abbeyfield loan								258,764	293,445
The Abbeyfield	Loan is	secured against		the		Charity's	land and buildings.
Included in tho	creditors	are the following			amounts		due after more than five years:
								2022	2021
Afier more than	five years by instalments							~556, 555	~550,5561
11 Provisions
								Other
								provision	Total
Credited to the	statement		ofrecognised	gains		and losses		135,057	135,057

14 Funds
						Balance at
		Balance at I			Other	30
		October	Incoming	Resources	recognised	September
		2021 f.	resources	expended	gains/(losses) f	2022
Unrestricted	funds
General Restricted funds		3,910,242 46,774	1,011,558 647	(1,343,728) ~9,676	(47,654) ~3,353	3,530,418 34,394
Total funds		3,957,016	1,012,205	~5,353 4tl41	~53,005	3,564,812

							Balance at
			Balance at 1			Other	30
			October	Incoming	Resources	recognised	September
			2020	resources	expended	gains/(losses)	2021
Unrestricted		funds
General			3,732,540	936,985	(862,192)	102,909	3,910,242
Restricted	funds		47,213	986	(10,198)	8,773	46,774
Total funds			3,779,753	937,971	~872,390	111682	3,957,tll6

		2022	2021
		g
Audit ofthe financial	statements	8,156	7,690
Other fees to auditors
All other non-audit services		5,914	3,940

Detailed Statement		of	Financial	Activities for t	he Year Ended 30Septembe	r 2022
					Total	Total
					2022	2021
Income and Endowments	from:
Donations and legacies (analysed			below)		1,104	3,496
Charitable activities (analysed		below)			999,605	918,319
Investment income (analysed		below)			11,496	16,156
Total income					1,012 205	937,971
Expenditure on: Charitable activities (analysed		below)			11,353,4041 ~872,390)
Total expenditure Gains/losses on investment	assets		(analysed	below)	(1,353,404) ~5),005	(872,390) 111,682
Net (expenditure)/income					~)392,204	177,263
Net movement in funds					(392,204)	177,263
Reconciliation offunds
Total funds brought forward					3,957,016	3,779,753
Total funds carried forward					3,564,812	3,957,016
					2022
					Restricted
					funds	Total
Income and Endowments	from:
Donations and legacies (analysed			below)			1,104
Charitable activities (analysed		below)				999,605
Investment income (analysed		below)			647	11,496
Total income					647	1,012,205
Expenditure on: Charitable activities (analysed		below)			~9.676) ~3,353,404
Total expenditure Gains/losses on investment	assets		(analysed	below)	(9,676) (1,353,404) ~3.35) ~5),005
Net expenditure					~)2380) ~392204
Net movement in funds					(12,380)	(392,204)
Reconciliation offunds
Total fimds brought forward					46,774	3,957,016
Total funds carried forward					34,394	3,564,812

					Total	Total
					2022	2021
Donations and legacies
Legacies and bequests						2,856
Appeals and donations					844	500
Visitors, guests and Darlington			room hire		260	140
					1,104	3,496
Charitable activities
Income fiom letting and care service charges					999,605	918,319
					999,605	918,319
Investment income
Income from other investments			-restricted		647	986
Income &om other investments					10849	15,170
					11,496	16,156
Charitable activities
Food costs and cleaning	materials				(111,893)	(112,491)
Depreciation offixtures	and	fittings			(27,152)	(33,826)
Depreciation ofmotor vehicles					(1,917)	(1,917)
Wages and salaries					(640,747)	(366,887)
Council Tax					(11,059)	(11,544)
Water rates					(22,390)	(21,315)
Light, heat and power					(116,860)	(63,380)
General maintenance					(152,433)	(130,318)
Garden maintenance					(17,859)	(14,134)
Sundry expenses					(159,521)	(26,240)
Insurance					(28,371)	(24,390)
Telephone and administrative		expenses			(17,797)	(18,830)
Abbeyfield membership					(15,711)	(24,596)
Minibus leasing and other costs			- restricted		(9,676)	(10,198)
Minibus leasing and other costs					(2,077)
The audit ofthe charity's	annual		accounts		(8,156)	(7,690)
Auditors' remuneration Loan interest	-non-audit			services	(5,914) ~3,877 ~7,333,404	(3,940) 7694l ~873,3907
Galnsytosses on investment		assets
Restricted fund - gain / Unrestricted fund - gain	(loss) / (loss)				(3,351) ~47,634	8,773 102,909
					$1,005	111,682