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2021-09-30-accounts

Registration number: 00780423

The Abbeyfield Fareham Society Ltd

Committee (Directors) Report and Unaudited Financial Statements for the Year Ended 30 September 2021

Palmer Riley & Co Chartered Accountants Ist Floor Unit E Fareham Heights Standard Way Farcham Hants PO16 8XT

The Abbeyfield Fareham Society Ltd

Contents

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|||||||||| |---|---|---|---|---|---|---|---|---| |Company|[aformation|I| |Chairmans'|Report|2to5| |Independent|Examiner's|Report|6| |Consolidated|Statement|of Comprehensive|Income|7| |Statement|of Financial|Position|,|8| |Statement|of Changes|in|Reserves|9| |Notes|to|the|Unaudited|Financial|Statements|10|to|18| |Detailed|Consolidated|Statement|of Comprehensive|Income|19|to|20|

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The Abbeyfield Fareham Society Ltd

Company Information

Chairman Mr P. Daneshvar

Directors Mr P Hall - Treasurer Mrs F Ryan Mrs A. Daneshvar Mr B. Morris Mrs G. Hail Mrs S. Hill - Vice Chair Company secretary Mrs J Cox ;

Registered office

Accountants

24 East Street Fareham Hants PO16 OBY Palmer Riley & Co Chartered Accountants Ist Floor Unit E Fareham Heights Standard Way Farcham Hants PO16 8XT

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The Abbeyfield Fareham Society Ltd

Chairmans' Report for the Year Ended 30 September 2021

The directors/trustees present their report and the financial statements for the year cnded 30 September 2021.

Directors/Trustees of the company

The following people were dircctors/trustecs of the charity either on the date of approval of the report or served during the financial period reported.

Mr P Halt - Treasurer Mr P. Daneshvar - Chairman Mrs F Ryan . Mrs A. Daneshvar Mr B. Morris Mrs G. Hail Mrs S. Hill - Vice Chair

Status

Principal activity

The principal activity of the company is the provision of acommodation, care and companionship for lonely or frail elderly people in accordance with the aims and principles of The Abbeyfield Society Limited, as determined by its Memorandum of Association. This activity falls wholly within sheltered housing activities as defined tn the Housing Act 1974. There has been no change in the activities of the society during the year. The Society is:

Objects and Organisation

The Articles of Association govern the appointment of lhe Execulive Committec, which is charged with the management of the society in furtherance of its principal activity, fund management and financial affairs generally.

The commuittee shall consist of no less than 3 and no more than 18 Committee members. The committee has the power to appoint Executive Committee members to fill a casual vacancy.

One third of the Executive Committee members must retire by rotation each year but are eligible for re-election.

The socicty is a member of the Abbeyfield Society by payment of an annual subscription.

Page 2

The Abbeyfield Fareham Society Ltd

Chairmans' Report for the Year Ended 30 September 2021

Risk Management

The committee (Directors) have overall responsibility for ensuring that the society has appropriate systems of control, financial and otherwise. The systems of internal and financial controls are designed to provide reasonable, but not absolute, assurance against material misstatement of loss. They include an annual budget, approved by the committee (Directors), regular review of actual results and variances from budget, and delegation of authority and segregation of dutics as far as possible given staffing levels.

The committee (Directors) will continue to monitor risks and set up policies to mitigate them.

Review of Business Results during the year

We, the cxceutive of the Abbeyfield Fareham Society, have continucd to carry out its objectives of providing homes, care and companionship for our active, elderly residents in accordance with our aims and principles of the Abbeyfield Society, in a homely and happy environment.

The financial results for the year are set out in the income and expenditure account on page 7. The position at the end of the year ts shown in the balance sheet on page 8.

Throughout the year, a number of residents have moved on but a number joined us. For the good part of this year, we had 14 residents which has greatly helped with our finances despite our high maintenance expenditure. Filling our current vacancies remain a challenge duc to the COVID 19 situation and government’s drive for the elderly to remain at home and have home care. We find that majority of our referred and potential residents will not be able to live independently and are in need of more care well beyond our remit.

We have launched a number of marketing and publicity campaigns to promote Abbeyfield in Fareham. In conjunction with Whitely Shopping Centre the GivingBox was launched in Whitely to promote Abbeyfield and three other charities. Equally we have participated in Fareham Lottery which provides a good publicity. Both initiatives also offer us donations from the public which has amounted to about £1000 last year. Our policy is to continue to advertise and use our reputation to attract new residents who seek to live at Abbeyfield.

We continue to be prudent with our finances and maintain with our policy of holding sufficient reserves to support unexpected maintenance costs plus provide cover in the event of vacancies causing income to run below expenditure. As is shown below we have not hesitated to carry out our essential maintenance and major inprovement projects.

We continue to safeguard our reputation and endeavour to enhance it by being one of the best amongst the Abbeyfield family in providing supported housing and upholding the ethos of our founding father Richard Cart-Gomm.

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The Abbeyfield Fareham Society Ltd

Chairmans' Report for the Year Ended 30 September 2021

Major Improvement Activities in 2020-2021

The Executive committee’s utmost priority has been to safeguard our residents and staff with the challenges that the Covid-19 pandemic has created, We have done our best to minimise the risk by our diligence, better communication to our residents and their sponsors in protecting themselves against Covid-]9. Our staff have selflessly dedicated themselves to the well-being of the residents. In November 2020 we experienced a Covid outbreak in house 26 which forced us to go into a total lockdown in both houses. Our staff went beyond their duties to provide the support our residents needed. Although we had a few wecks of traumatic time, I am very pleased to report that we came out of the outbreak with all our residents and staff unscathed. Our efforts in keeping our residents and staff safe was recognised by Fareham Borough Council in awarding us Covid Heroes Certificate of Appreciation “in recognition of our services to the community and the contribution we have made to the lives of others during the Covid-]9 pandemic”.

We continue to be diligent on our Health and Safety as before. In the first halfof the financial year, we have invested a substantial amount in maintaining our excellent standard on Health and Safety. Following our annual Fire Risk Assessment and Health and Safety audit in 2020 and approval from our executive committee we addressed all the important issues highlighted by those assessments. The cost of the remedial work was in excess of £7000.

We have continued with rigour in legionella protection by appointing Total Water Compliance (TWC) to carry out a full risk assessment and to carry out monthly, quarterly and six-monthly checks. In addition, we spent over £3000 for the maintenance and replacements of Thermostatic Valves in every room. We continue to have an annual contract (cost of £2900) with them to carry out legionella check continuously.

Following the successful installation of a lift in House 24 in 2019, the executive committee approved the purchase of a new lift for House 26 but the installation had to be postponed duc to the national lockdown. The installation began and was completed in October/November 2020 at the cost of approximately £30,000. The cost of the new lift, was partly paid in 2019-2020.

We have had a small turnover of residents. We have continued to refurbish any room which has become vacant in readiness for our new residents. A member of staff retired after almost 30 years at Abbeyfield, a Housekeeper moved to Wales to live with her partner. Both vacancies were immediately filled and the new staff were welcomed to the team.

In view of the digitisation of all telephone networks and our continuous technical problems with our old wired system, the executive committce approved the purchase and the installation of a new wireless emergency alarm and pendant system in 2019. However, the installation for both houses was postponed due to the lockdown until Oct/Nov 2020. I am pleased to report that the installation was finally completed in November 2020 at the cost of approximately £15,000.

We also obtained approval from the Farcham Borough Council to install a new Abbeyfield signage in the front of the house in August. The installation of signage was completed in December 2020.

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The Abbeyfield Fareham Society Ltd

Chairmans' Report for the Year Ended 30 September 2021

Future Plans

2021-2022 Plans and beyond ......

Our new gardeners were appointed in April 202] and are umproving and maintaining our gardens to make them more pleasant for our residents. We are excitedly waiting for spring to see the many bulbs bloom.

We gratefully received a donation of £1,000 from the British Land owners of Whitely Shopping Centre in Dec 2020 in recognition of our diligence in protecting our residents and staff during the pandemic. We purchased two sets of large smart TVs for our residents thanks to this donation.

Our latest Fire Risk Assessment carried out in Oct 2021 has highlighted some remedial work which need to be carried out. We have carried out the necessary investigation and the work could start in Dee 2021 through to Jan 2022, The cost will be approximately £3,000. In addition, we have decided to replace the patio door in house 24 with quick release facility as a fire exit at the cost of £3,000. This work is planned to be completed in February 2022.

We have continuously had major issues with the radiators in both houses as well as old and inefficient boilers in House 26. We carricd out a major review of plumbing in both houses between April to Sept 2021, We have consulted 4 companies for this major undertaking and the estimate of the cost will be about £30,000 for house 26 and about £10,000 for house 24. We are in the process of finalising the scope of this work. Once this is completed we are planning to start the work in April/May 2022.

Extertor Paint Work. While we continue to maintain safe and well-maintained buildings, the exterior (and interior) will eventually require general paintwork. We want to continue to keep our good image and reputation in Farcham.

Independent Examiner

The committee (Directors) intend to ask the existing accountants to undertake the independent examination in the following year and will be proposed at the forthcoming Annual General Mecting.

Fixed Assets

Land and buildings were last valued on 30th September 2016 for £1,775,000. The valuation was carried out by Ecclesiastical Insurance Group ple.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 17 January 2022 and signed on tts behalf by: Mr P.aanDaneshvar Chairman

Page 5

Independent Examiner's Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of The Abbeyfield Fareham Society Ltd for the Year Ended 30 September 2021

T report on the financial statements for the Society for the year ended 30th September 2020 which are set out on pages 6 to 13 and which have been prepared under the historical cost convention and the accounting policies set out on pages 10 and 11.

Respective responsibilities of the trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination 1s needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with the general Directions given by the Charity Commission, An examination includes a review of the accounting records kept by the charity and comparison of the financial statements presented with thase records. It also includes consideration of any unusual items or disclosures in the financial statements and secking an explanation from you as 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 financial statements present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respects the requirements:

i. to keep accounting records in accordance with section 130 of the Charities Act; and

il. to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or

2) to which, in my opinion, attention should be drawn in order to cnable a proper understanding of the financial statements to be reached.

el J a erell FCA Palmer Riley & Co Chartered Accountants Ist Floor Unit E Fareham Heights Standard Way Fareham Hants POI6 8XT 19 January 2022

Page 6

The Abbeyfield Fareham Society Ltd

Consolidated Statement of Comprehensive Income for the Year Ended 30 September 2021

2021 2020
Note £ £
Turnover 220,366 189,041
Operating expenditure (177,859) (185,498)
Gross surplus 42,507 3,543
Administrative expenses (72) (57)
Other operating income 4,150 4,622
Operating surplus 46,585 8,108
Other interest receivable and similar income 25 326
Interest payable and similar charges (6,083) (6,428)
(6,058) (6,102)
Surplus before tax 4 40,527 2,006
Surplusforthefinancialyear 40,527 2,006

The Society's only activity is the provision of sheltered housing.

No operations have been discontinued or acquired during the year, and the amounts above relate entirely to continuing operations.

There is no material difference between the retained surplus for the ycar on ordinary activities stated above and its historical cost cquivatent.

The notes on pages 10 to 18 form an integral part of these financial statements.

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The Abbeyfield Fareham Society Ltd

(Registration number: 00780423) Statement of Financial Position as at 30 September 2021

2021 2020
Note £ £
Fixed assets
Tangible assets 5 602,293 593,792
Current assets
Debtors 6 3,945 3,179
Cash and cash equivalents 115,601 84,775
119,546 87,954
Creditors: Amounts falling due within one year 7 (20,547) (47,211)
Net current assets 98,999 40,743
Total assets less current liabilities 701,292 634,535
Creditors: Amounts falling due after more than one year 7 (127,127) (100,897)
Net assets $74,165 533,638
Capital and reserves
Income and expenditure reserve 574,165 533,638
Totalreserves 574,165 533,638

For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subjcct to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companics regime and the option not to file the Consolidated Statement ofComprehensive Income has been taken.

Approved and authorised by the Board on [7 January 2022 and signed on its behalf by:

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Mr all - Yreasurer Mr P. Daneshvar
Director Chairman
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The notes on pages 10 to 18 form an integral part of these financial statements.

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The Abbeyfield Farcham Society Ltd

Statement of Changes in Reserves for the Year Ended 30 September 2021

Profit and loss
account Total
£ £
At October2020 $33,638
Surplus for the year 40,527 40,527
Total comprehensive income 40,527 40,527
At 30 September 2021 574,165 574,165
Profit and loss
account Total
£ £
At October 2019 531,632
Surplus for the year 2,006 2,006
Total comprehensive income 2,006 2,006
At 30September2020 533,638 533,638

The notes on pages 10 to 18 form an integral part of these financial statements.

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

1 General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is: 24 East Street

Fareham Hants ; PO16 OBY

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section IA ~ 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales, returns, rebates and discounts and after eliminating sales within the company.

The Company recognises revenue when:

The amount of revenuc can be reliably measured;

it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangibic asscts are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate Fixtures & fittings 10% straight line Computer equipment 33.33% straight line Buildings 2.5% straight line

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Tradc ereditors arc obligations to pay for goods or services that have been acquired in the ordinary course of business from supplicrs. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at [cast twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Consolidated Staternent of Comprehensive Income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments excced the contribution due for service, the excess is recognised as a prepayment.

3 Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2020 - 11).

4 Surplus before tax

Arrived at after charging

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

2021 2020
£ £
Depreciation expense 10,818 9,162
5
Tangible assets
Furniture,
Land and fittings and
buildings equipment Total
£ £ £
Cost
At 1 October2020 $97,278 43,525 640,803
Additions 4,839 14,479 19,318
Disposals : (455) (455)
At 30 September 2021 602,117 57,549 659,666
Depreciation
At 1 October 2020 25,043 21,968 47,011
Charge for the year 5,029 5,789 10,818
Eliminated on disposal - (456) (456)
At 30 September 2021 30,072 27,301 57,373
Carrying amount
At 30 September 2021 572,045 30,248 602,293
At30September2020 $72,235 21,557 593,792

Included within the net book value of land and buildings above is £400,952 (2020 - £400,952) in respect of freehold land which has not been depreciated.

6 Debtors

2021 2020
£ £
Prepayments 2,948 2,887
Other debtors 997 292
3,945 3,179

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

7 Creditors

Creditors: amounts falling due within one year

2021 2020
Note £ £
Due within one year
Loans and borrowings 8 14,342 6,727
Accruals and deferred income ' 1,172 955
Other creditors 5,033 39,529
20,547 47,21]
Creditors: amounts falling due after more than oneyear
2021 2020
Note £ £
Due after one year
Loans and borrowings R 127,127 100,897
8
Loans and borrowings
2021 2020
£ £
Non-eurrent loans and borrowings
Bank borrowings 127,127 100,897
2021 2020
£ £
Current loans and borrowings
Bankborrowings 14,342 6,727

Page 13

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

9 Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The court cases of the Royal Mencap Society (Respondent) v Tomlinson-Blake (Appellant) Shannon (Appellant) v Rampersad and another (T/A Clifton House Residential Home) (Respondents) which related to the potential liabilities to be patd by The Abbeyfield Fareham Society Ltd as well as others in respect of staff involved in sleep-ins have now been resolved on the basis that no further liabilities are due in respct of staff wages.

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

10 Value for Money Metrics

Metric 1 : Reinvestment %

2021 2020
£ £
Development ofnew properties - -
Newly built properties acquired - -
Works to existing properties 4.839 35,528
Capitalised interest - -
Schemes completed - -
4,839 35,528
Tangible fixed assets housing properties at cost 602,117 597,278
Tangible fixed assets housing properties at valuation - -
602,117 597,278
Metric % 0.8% 5.95%
Metric 2a : New Supply (Social Housing Units)%
2021 2020
Total social units developed or acquired in year - -
Social leasehold units - -
Total social housing units owned 15 15
Social leasehold units owned - -
15 15
Metric% - -

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financia] Statements for the Year Ended 30 September 2021

Metric 2b : New Supply (Non-Social Housing Units) %

Metric 2b : New Supply (Non-Social Housing Units) %
2021 2020
Total non-soctal rental housing units owned (acquired in year) - -
Non-social leaehold units owned (acquired in year) - -
New outright sale units (developed or acquired) - -
Total social housing units owned (period end) 15 15
Total non-social rental housing units owned (period end) - -
Social leasehold units owned (periodend) - -
Non-social leaschold units owned (period end) - -
15 15
Metric % - -
Metric 3
: Gearing %
2021 2020
£ £
Short-term loans 14,342 6,727
Long-term loans 127,127 100,897
Cash and cash equivalents (115,601) (84,775)
Amounts owed to group undertakings - -
Finance lease obligations - -
25,868 22,849
Tangible fixed assets housing properties at cost 602,117 597,278
Tangible fixed assets housing properties at valuation - -
602,117 $97,278
Metrie% 4.3% 3.83%

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

Metric 4 ; EBITDA MRI Interest Cover %

2021 2020
£ £
Operating surplus/(deficit) overall 46,585 8,108
Gain/(loss) on disposal offixed assets (housing propertics) - .
Amortised government grants - -
Government grants taken to income (2,159) (4,622)
Interest receivable . (25) (326)
Capitalised major repairs expenditure for period - -
Total depreciation charge forperiod 10,818 9,163
55,219 12,323
Interest capitalised - -
Interest payable and financing costs 6,155 6,485
Metric % 8.97% 1.9%
Metric 5 : Headline Social Housing Cost £
2021 2020
£ £
Management costs 10,128 9,730
Service charge costs 84,923 102,869
Routine maintenance costs 10,523 8,141
Planned maintenance costs 2,572 2,823
Majorrepairs expenditure 3,241 2,452
Lease casts - -
Capitalised major repairs expenditure for period - -
Other (social housing letting) costs $2,133 27,995
Charges for support services 300 300
Development services - -
Community/neighbourhood services - -
Other social housing activities : Other - -
163,821 154,310
Total social housing units owned and/ormanaged at
period end		 15 15
15 ne
Metric£ 10,921 10,287

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The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

Metric 6a : Operating Margin (social housing lettings) %

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|||||||||| |---|---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Operating|Surplus/(deficit)|(social|housing|lettings)|46,585|8,108| |Turnover|from|social|housing|lettings|220,366|189,041| |Metric %|21.14%|4.29%| |Metric|6b|:|Operating|Margin|(Overall) %| |2021|2020| |£|£| |Operating|surplus/(deficit)|overall|46,585|8,108| |Gain/(loss)|on|disposal|of fixed|assets|(housing|properties)|-|-| |46,585|8,108| |Turnover|(overall)|220,366|189,041| |Metric|%|21.14%|4.29%| |Metric|7|:|Return|on|Capital|Employed|%| |2021|2020| |£|£| |Operating|surplus/(deficit)|overall|46,585|8,108| |Share|of operating|surplus/(deficit)|in joint ventures|or| |associates|-|-| |46,585|8,108| |Total|assets|less|current|liabilities|701,292|634,535| |Metric %|6.64%|1.28%|

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Page I8

The Abbeyfield Fareham Society Ltd

Detailed Consolidated Statement of Comprehensive Income for the Year Ended 30 September 2021

2021 2020
£ £
Turnover
Rent Income (100% Capacity) 234,240 233,034
Losses from vacancies and absences (13,874) (43,993)
220,366 189,041
Cost of sales
Food andOtherHousehold Costs (24,687) (21,880)
Housekeepers and Ancillary StaffWages (60,236) (80,988)
Admin Wages (10,129) (9,730)
Travelling (27) (199)
StaffNIC (Employers) - (156)
Staffpensions (323) (985)
Accountancy (1,882) (1,710)
Subscriptions (546) (447)
Stafftraining (310) (1,178)
Printing, Postage and Stationery (642) (224)
Computer Requisites (723) (733)
Advertising (678) (521)
Telephone (1,685) (1,642)
Gifts and Entertaining (148) (407)
Gardening (3,823) (2,680)
Cleaning (6,537) (5,036)
Rates (4,492) (4,314)
Water rates (3,439) (3,616)
Light, heat and power (11,610) (10,339)
Insurance (4,859) (4,923)
TV Licence (629) (591)
Legal and Professional Fees (7,377) (8,951)
Repairs and Maintenance (20,792) (13,726)
Protective Clothing (1,367) (1,360)
Amortisation offreehold property (5,029) (4,908)
Depreciation offixtures & fittings (5,268) (4,071)
Depreciation ofoffice equipment (521) (183)
(177,859) (185,498)
Netrentsurplus 42,507 3,943

A provision of £12,555 to include both wages and Employers National Insurance Contributions was made in the year to September 2017 in respect of the court cases estimated liabilities for wages of sleep-in staff. In the event the estimated liability was determined as not payable so that this provision has now been written off resulting in a reduction of the provision in the ycar to September 2021,

This page does not form part of the statutory financial! statements.

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The Abbeyfield Fareham Society Ltd

Detailed Consolidated Statement of Comprehensive Income for the Year Ended 30 September 2021

2021 2020
£ £
Net rent surplus b/f 42,507 3,543
Other operating income
Bank interest receivable 25 326
Donations 1,991 -
Government grants - IRS . 2,159 4,622
4S 4,948
Finance charges
Bank charges (72) (57)
Finance costs (6,083) (6,428)
(6,155) (6,485)
NetSurplus 40,527 2,006

This page docs not form part of the statutory financial statements.

Page 20