2021-03-31-accounts - The Abbeyfield Lancaster Society Limited

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Trustees' annual mport	1-7
Independent audit report	8-10
Statement of Financial Activities
Balance sheet	12
Cash flow statement	13
Accounting policies	14-16
Notes to the financial statements	17-23

				Unrestricted	Restncted	Total	Total
				Funds	Funds	Funds	Funds
			Mote	2021	2021	2021	2020
				5	5		f.
Income and endowments	from:
Donations and legacies
Donations and legacies				2,050		2,050	5,205
Charitable activities
Residential care for the	frail elderly			939,789		939,789	950,052
Investments				9,424		9,424	11,702
Other.
Government Grants				87,105		87,105
Total income and endowments				1.038,368		1,038,368	966,959
Expenditure on:
Charitable activities
Residential care for the	frail elderly		3	(1,038,920)	(29,788)	(1,068,708)	(1,010,704)
Investment management	costs			(2,933)		(2,933)	(3,064)
Total expenditure				(1,041,853)	(29,788)	(1,071,641)	(1,013,768)
Net expenditure before investment		gains	I(losses)	(3,485)	(29,788)	(33,273)	(45,809)
Net gains I(losses) on investments				65,578		65,578	(37,646)
Net income I(expenditum)	snd movement		in funds forthe year	62,093	(29,788)	32,305	(84,457)
Reconciliation offunds:
Total funds at 1 April 2020				900,853	859,350	1,760,203	1,844,660
Total funds at 31 March 2021				962,946	829,562	1,792,508	1,760,203

			Note	2021	2020
Fixed assets
Tangible assets				1,285,075	1,330,354
Current assets
Stocks Debtors Investments Cash at bank and	in hand		9 10 11 12	9,040 20,335 345,859 209,505	5,690 11,431 274,197 199,493
				584,739	490,811
Creditors: amounts		falling due within one year	13	(77,306)	(60,962)
Net current assets				507,433	429,849
Total assets less	current liabilities			1,792,508	1,760,203
Funds ofthe charity:
Unrestricted funds
Designated reserves General revenue reserve			17 17	492,521 470,425	494,651 406,202
				962,946	900,853
Restdcted funds			17	829,562	859,350
Totalfunds				1,792,508	1,760,203

			2021	2020
Cash flows from operating activities:				5
Net expenditure for the year Adjustments for:			(33,273)	(46,809)
Depreciation oftangible fixed assets Loss on disposal oftangible fixed assets			52,068	52,033 733
Interest receivable Increase in stocks Decrease /(increase) in debtors (Increase) / decrease in creditors			(9,424) (3,350) (9,020) 16,344	(11,702) (1,257) 6,506 (1,066)
Net cash provided by/(used in) operating		activities	13,345	(1,562)
			2021	2020
			5	5
Cash flows from investing activities:
Interest received			9,540	11,719
Purchase ofother fixed assets			(6,789)	(94,286)
Purchase ofcurmnt asset investments			(6,084)	(7,821)
Net cash used in investing activities			(3,333)	(90,386)
Net increase/ (decrease) in cash and cash		equivalents	10,012	(91,950)
Cash end cash equivalents at the beginning	ofthe year		199,493	291,443
Total cash and cash equivalents at the end		ofthe year	209,505	199,493

1.Incoming msources from charitable	1.Incoming msources from charitable	1.Incoming msources from charitable	activities	activities	Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
					2021	2021	2021	2020
					E	E	E	E
Residential cern forthe anil	elderly
Residential care fees					939,789		939,789	950,052
					939,789		939,789	950,052
In the prior year total incoming	resources			from charitable	adivities were E950,052, afi ofwhich was unrestricted.
2. Investment income					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Fuiids
					2021	2021	2021	2020
Building society interest Investment interest and dividends Bank interest					23 9,017 384		23 9,017 384	44 10,885 773
					9,424		9,424	11,702
In the prior year total incoming	resources			from investment	income were E11,702 afi ofwhich was unrestricted.
3.Analysis ofexpenditure on charitable			activities		Unrestricted	Restricted	Totai	Total
					Funds	Funds	Funds	Funds
					2021	2020	2021	2020
					E	E	E	E
Residential cern forthe frail eidedy
Direct residential care costs
Payroll and other staff costs Food and catering Council tax, utfiilies and insurance Registration charges Premises, garden and equipment maintenance Postage, stationery, advertising and telephone Other sundry expenses Depreciation and loss on disposal offixed assets					789,492 55,009 38,130 4,403 34,194 5,564 34,688 21,656	29,788	789.492 55,009 38,130 4,403 34,194 5,564 34,688 51,444	733,154 55,730 35,459 4,939 48,463 4,657 30,798 52,093
Administrative support costs
Payroll costs Abbeyfield Society affiliation Other sundry expenses Depreciation and loss on disposal		offixed assets			24,256 9,578 12,754 624		24,256 9.578 12,754 624	23,714 9,437 5,512 673
Governance costs
Independent examination and	accountancy				8,572		8,572	6,065
					1,038,920	29,788	1,068,708	1,010,704

. Net outgoing msources
		2021	2020
Net outgoing resources is stated after	charging:-	8	f.
Director's remuneration Independent examiner's remuneration: Independent examiner's remuneration: Depreciation oftangible fixed assets Operating lease payments -equipment	as examiner other services	9,295 3,566 4,024 52,068 12,456	9,078 3,465 1,618 52,033 12,500
Staff costs and numbem		2021	2020
		K	K
The aggregate payroll costs during the	year amounted to:-
Wages and salaries Social security costs Pension costs		748,366 50rl67	699,181 41,707
		13,083	10,791
		811,916	751,679

The average	monthly	number ofemployees	the year were:-	the year were:-	2021	2020
					Number	Number
Administration Hostel staff -	-part full time	time and part time			2 34	2 33
					36	35
The average	monthly	number offull time equivalent	employees	during the year were:
Administration
Hostel stafF					1	1
					29	26
					30	27

8. Tangible fixed assets
		Fixtures,
	Freehold land	fittings and
	and buildings	equipment	Total
Coat	f	6
At 1 April 2020 Additions Disposals	1,917,924 3,480	316,537 3,309 (710)	2,234,461 6,789 (710)
At 31March 2021	1,921304	319,136	2,240,540
Depreciation
At 1 April 2020 Charge for the year Disposals	685,281 35,628	218,826 16,440 F10)	904,107 52,068 (710)
At 31 klarch 2021	720,909	234,558	955,485
Net book value
At 31March 2021	1,200,495	84,580	1,285,075
At 31 March 2020	1,232,643	97,711	1,330,354
9.Stocks		2021	2020
		6	2
Food Other sundry stocks		2,695 6,345	2,455 3,235
		9,040	5,690
Stock of255,009(2020:255,730)has been recognised as an expense.
10.Debtors		2021	2020
		6	6
Trade debtors Other debtors Prepsyments Accrued income		6,894 13,369 72	1,791 9,452 188
		20,335	11,431

investments
	Value at	Additions	Disposals	Change in	Value st
	1 Apdil			market value	31 March
	2020				2021
					5
Listed investments Cash	265,263 8,934	57,723	(46,761)	65.5T8	341,803 4,056
	274,197	57,723	(46,761)	65,578	345,859

.Cash atbankandin	hand
				2021	2020
				5	2
Bank deposit accounts Bank current accounts Building society account Cash in hand				179,066 20,580 9,351 508	178,584 10,843 9,310 756
				209,505	199,493
Crsditom: Amounts falling due within one year
				2021	2020
			Notes	5	2
Trade creditors Other taxes and social Other creditors	security			11,579 18,298	12,254 10,024
Accruals and deferred	income		14	4,270 43,159	3,114 35,570
				77,306	60,962
The average number ofdays between		the receipt and payment ofpurchase	invoices is 14(2020-14).
Deterred income
				2021	2020
				6
Residents fees in advance				1,243	2,430

							2020	2020
						General	Designated	Restricted	Total
						Funds f	Funds f	Funds f	Fundsf
Tangible fixed assets Current assets Current liabilities						97,711 369,453 (60,962)	373,293 121,358	859,350	1,330,354 490,811 (60,962)
						406,202	494,651	859,350	1,760,203
16.Members								2021	2020
								Number	Number
There is no authorised	share capital snd the number		ofmembers, each		of
whose liability is limited	tof1,at the year end was:
No one person has overall control.
17.Movement in funds				Balance				Transfem,	Balance at
				at 1 Aprg				Gains 8	31 March
Unrestricted funds				2020 f		Income f	Expenditum f	Losses r.	2021 f
Designated reserves
Swsinson Bursary Fund Repairs mserve Charitable capital expenditure		reserve	i) ii) iii)	36,358 85,000 373.293				230 (2,360)	36,588 85,000 370,933
Tolal designated funds				494,651				(2,130)	492,521
General funds				406,202		1,038,368	(1,041,853)	67,708	470,425
Total unrestricted funds				900,853		1,038,368	(1,041,853)	65,578	962,946
Restricted funds
Fixed asset restricted	fund		iv)	859,350			(29,788)		829,562
Total restricted funds				859,350			(29,788)		829,562
				Ba(ance				Transfers,	Salance at
				at 1 April				Gains 6	31 March
				2019		Income	Expenditure	Losses	2020
Unrestricted funds						r	f	f	f
Designated reserves
Swainson Bursary Fund Repairs reserve Charitable capital expenditure		reserve	i) il) iii)	36,069 85,000 375,031				289 (1,738)	36,358 85,000 373,293
Total designated funds				496,100				(1,449)	494,651
General funds				459,422		966,959	(978,210)	(41,969)	459,422
Total unrestricted funds				955,522		966,959	(978,210)	(43,418)	954,073
Restriicted funds
Fixed asset restricted fund Disposals proceeds fund			iv) v)	862,750 26,388			(29,788)	26,388 (26,388)	859,350
Total restricted funds				889,138			(29,788)		859,350
									21

grants m	ust either be recyc		led into fu	rther deve	lopments or repaid.	qy	.	.
18.Financial	Instruments					2,021.00	2,020.00
						E		E
Financial	assets
Financial	assets measured		at amortised cost			209,505	201,284
Financial	assets at fair value through			profit or loss		345,859	274,	197
Financial	liabilities
Financial	liabilities measured		at amortised cost			11,579	12,254
Financial	assets measured	at amortised cost comprise:
Trade debtors of ENil (2020:F1,791)				incurred	in the normal course ofthe charity's	activities. The balances are recoverable	within	one
year.
Cash balances ofE209,505			(2020:E199,493).

At the reporting end date operating leases, as follows:	lease payments	under	non-cancefiable
	2,021.00		2,020.00
Equipment		5	6
Within one year Between two to five years After more than five years		12,960 33,768	11,592 40,572
		46,728	52,164

At the balance sheet date the society has capital commitments	At the balance sheet date the society has capital commitments
Operating costs from lettings		2,021.00	2,020.00
Special needs accommodation	-30 units (2020-30units)
Services
Management Routine maintenance		964,146 55,784 18,990	904,600 45,401 30,915
		1,038,920	980,915