## ## ## |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|