Charity Re9istratioTr 243592 Company Registration No. 00843875 (En9land and Wales) THE ABBEYFIELD LEIGH SOCIETY LIMITED ANNiJAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
THE ABBEYFIELD LEIGH SOCIETY LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trust868 Edna AshcToft (Director) Francis Rothwell M.B.E. (Director) Glynn Squire5 Meln Rothwell (Director} Margaret Bullough steven Donl Audrey Bent Len Speaknian Socr6tary John France Charlty numbgr 243592 Company number tNJ843675 Princlpal address Abbeyfield House S7- 61 Bond Street Leigh Lancashire WN71BT Reglstsred office Suite 2 Beswck House Green Fdd Way Leigh Lancashire WN7 3XJ Au¢ltor Jackson Stephen LLP James House stonecross Buslnes8 Park Yew Tree Way Warrington Cheshire WA3 3JD 8ank$rs HSBC Bank PIC 71 Bradshawgate Leigh Lancashire WN7 4NE
THE ABBEYFIELD LEIGH SOCIETY LIMITED CONTENTS Pag• Trusl885' report Statement of trustees, responsibilities Independent auditor's report statement of finane4al actiwties Balance Sheet Notes to the finandal statements 9-16
THE ABBEYFIELD LEIGH SOCIETY LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 5 APRIL 2021 The trustees present their annual report. Ythich also contains the requirements of a directors. report under the Companies Act 20C6. and accounts lor the year ended S April 2021. Relèvant admlnlslralve Infonnafjon Is included separately al the front of these accounts. Oblectives and activltlès Th8 charity reviews its aims. objective8 and adiwtie8 each year to help ensure its focus is on its stsl& purposes. The Iruslee5 have referred to the guidance contained in fhe Chartty Commission's general guidance on public benefit when rewewing the thaiity's aims. ObltiveS and in planning its fijture activities. The charity s objects are to pro]de residential accommodation to the elderly in accordance wth the wnciples oftheAbbeyfield Soaety, in respect of lch it is an affiliated member. The aims of the Abbeyffield Society are to make older people's lives easier and more ftjlfilling. Since 1956 Abbeyfield volunteers have Work tirelessly to provide housing. support and Companionship lo older people in their local communities. Abbeyfield residents enjoy life all the more because thFy know that the people who their societies are dedicated volunteers who arè doing this demanding work because they to. Considerable importance is placed upon the provision of quality accommodation for the residents and house- keepers. The condition of the prLyerbes 15 undgr constant review and varKSUS improvements have been undert8ken during the year. FITe health and safety regulations are rnonitored by the executive officer and it is tha tharity's policy to give priority lo any improvements considered nece88ary. Amy alterations are ayS trèated Importance and granted a first charge on the charity'$ fvnds. The trustees have paid due regard lo guidanGe issued by the Gharity Commission in dedIng vth81 activiti8S the charity should undertake. Achievom&nts and perfornian¢e During the year vacanues amounted lo some 131 weeks the to residents moving due to their deteriorating health and due to room renovations., 86.1% ulilisation of accommodation was achieved. Finan¢lal revlew It is the policy of the charity thal unrestrictsd funds whith have not been designated for 8 specific use should be Maintained at a level equivalent to beknen three and six months. expenditure. The trustees consider that Teserves at this level wll ensure that, in the event uf a signifficanl drop in fvnding, they wll be able to conb.nue the charity's current actiknities while consideration is given to ways in which additial fvnds may be raised. Thi8 level of reserves has been maintained throughout the year. The twslees have assessed the majc)r risks lo 1¢h the charity Is expose(I, and are satisfied that $yslems are in place to mitigatè exposure to such risks. Plan8 for futuro p&rlod$ There are in force schedulès of repairs an(J re4ecwations which are being complied with. Structur9* govornanG9 ond managoment The charity is a company limited by guarantee and was incorporated on 31 March 1965. The company was established Ljnder a Memorandum of Assoaalion which established the object8 anLI powers r)f the charitsble company and is govemed under its AdeS ofA$sodation.
THE ABBEYFIELD LEIGH SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021
The trustees, four of whom were also the directors for the purpose of company law, who served during the year were:
Edna Ashcroft (Director) Francis Rothwell M.B.E. (Director) Glynn Squires Melvyn Rothwell (Director) Margaret Bullough Kathleen Sims (Resigned 20 January 2021) Steven Donlan Audrey Bent Len Speakman Gordon Collier (Director) (Resigned 20 January 2021) Lillian Collier (Resigned 20 January 2021)
The trustees are re-appointed at the annual general meeting on a 1/3 rota basis. New trustees are welcome and any interested party should apply to the secretary or any existing trustee. The society has in force a detailed induction schedule and agreement for new trustees; there is a liaison officer who is a person on the executive committee whose duty it is to ensure that the new trustees complete the induction schedule and agreement, the recruitment form, the request for reference form, and to ensure that they are made aware of the complaints procedure and the procedures to be followed in the event of assistance being required to deal with an emergency situation.
The trustees delegate the day to day management of the accommodation facilities to John France, company secretary and executive officer.
None of the trustees has any beneficial interest in the company.
Auditor
A resolution proposing that Jackson Stephen LLP be reappointed as auditors of the company will be put to the members.
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
This report has been prepared in accordance with the special provision relating to small companies within Part 15 of the Companies Act 2006.
The trustees' report was approved by the Board of Trustees.
Francis Rothwell M.B.E. (Director) Trustee L-1[---r"H ] [J)�� ] ':J,C)[(l/] Dated: ........................ .
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THE ABBEYFIELD LEIGH SOCIETY LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2021 The trustees, four of vthom are also the directors of The Abbeyffeld Leigh Soaety Limited for the purpose of company law. are responsible for preparing the Trustees, Report and the accounts in accordance wth applicable law and United Kingdom Accounting Stsndards {United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for eath financial year which give a true and fair view of 1h8 state of affairs of the charity and of th? incoming resources and application of resources, including the in¢ome and èxpenditure, of the charitable company for that year. In preparing these acCnts, the trustees are required to= - select sultable aLwunting policies and then apply Ihem con$istenlly', - observe the methfxls and prinaples in the Charities SORP- - m&*e judgements and e$b"mates that are reasonable and prudent- and prepare the accounts on the going concem basis unless il is inappropriate to presume that Ihe charsty will continue in operation. The trustees are responsible for keeping proper accounting record8 that disclt)se with reasonable accuracy at any time the financial position of the tharity and enable them lo ensure tho1 the aeeounls comply with the Companies Act 2006. They are also rèsponsible for safeguarding the a35ets of the charity and hence for taknng reasonable steps for the prevention and detection of fraud and other irrogularities.
THE ABBEYFIELD LEIGH SOCIETY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ABBEYFIELD LEIGH SOCIETY UMITED Oplnlon We have audited the financial st*menls Df The Abbeyfield Leigh Society Limiled {the 'charity'} for Ihe year ended 5 April 2021 which comprise the statement of fjnancial actiwties, the balance sheet and the notes to the financial statements, including a SUmTnary of Significant accounting policips. Th¢ financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 Th8 Fin8ncial Rapcirting Stsnd8rd 8pplicabl8 in the UK and Rapublic of Ireland {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements-. give a true and fair wew of the state of the charitable company's affalrs as al 5 A1 2021 ol Its incoming SourceS and application of resources. for the year then enéed,. have been property prepared in accordance with United Kingdom Generally Accepted AccounJng Practice., and have been prepared in accordance wth the requirements of the Companies Act 20C6. Bas1$ for oplnlon We conducted our aud51 In aceordance wlth Internatlonal Stsndards on Audltlng {UK} IISAS {UK)l and applicable law. Our responsibilities under those standards are fijthèr described in th& Audilorfs responsibilities for the aud of th& financial statements section of our report. We are independent of Ihe Charity in accordance wth the ethical Tequiremenls that are relevant lo our audit of the financial staternents in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibillts.es In accordance with these requirement5. We believe that the audit ewdence we have Obtain is suffiuent and appropriate to provide a basis for our opinion. Conclusions r6lating to going conctm In auditing the finanaal statements, we have concluded that the trustees, use of the going concern basis of counting in the prep¥ation of thè financial statements is appropriate. Based on the work we have performed, we have not identified any material Unrtaine3 relating to events or conditions Ihat, individually or collectively, may east significant doubl on the charity'8 ability to continuè as a going concem for a period of at least tsyelve month8 from when the financial statements arè authorised for issue. Our responsibilities and the responsibilities of the trustses with resped to going ¢onGem are described in the relevant sections of this report. Other Informatlon The other infomation comprises the infomiation included in the annual report other than the finanaal Statements anfl our auditovs report thereon. The bustees are responsible for the other Informati( contained wthin the annual report. Our opinion on the finaniaal statements does not cover the other information and, except to the extent otherwise expliauy stated in our report, we do not express any fomi of assurance condusion Ihereon. Our responsibility is to read Ihe other infornialion and, in doing so, consider whether the other information is materially in¢onsi8tenl wlh the financial statements or our knovAedge obtsined in the course of the audit, or otheNise appears to be materially misstated. If we identify such material inconsislenaes or apparent material misstatements. we are required lo determine whether this gives rise to a material misstatement in the financial statements Ihem5elve5. If. based on the Work we have performed. we conclude that there ig a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on othar mattors pr05CrIb by tho Companles Act 2006 In our opinion, based on Ihe work undertaken in the course of our audit.. the infomiation given in the trustees, report, Ythich includes the directors, report prepared for the purpos8S of company law, for the finanaal year for which the fincial statements are prepared is Ct$151ent with the finan(#al slatemenls,. and the directors. repurt included within the trustees. report has been prepared In accordance wlh applicable legal requiTements.
THE ABBEYFIELD LEIGH SOCIETY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ABBEYFIELD LEIGH SOCIETY LIMITED Matt•rs on le are required to mport by exceptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misslatemenls in the directors, report included wthin the trustees, report We have nothing to report in respect of the following matters in relath'on to vthich the Companies Act 2006 requires us to report lo you if. in our opinion.. adequate accounting records have not b¥en kept, or retums adequate for our audit have not been received from brand)e$ not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration spectfied by law are not made,. or we have not rev all the infcimation explanations we require for our audit., or the Iruslees were nol entilled lo prepare the financial slalemenls in accordance wth the Small companies regimè and tak• advantage of the small companies, exemptions in prtparing the buslee$' report and from the requirement to prepare a Strateolc report. R8sponslbilitie8 of trustee8 As explained more fully in the $tatemenl of Irusle&s' responsibilities, the trustees. four of whom e also tho directors of the charity for the purpose of company law, are responsible for Ihe preparation of the financial statements and for being satisfied that they give 8 true and fair view, and for such intemal control as the Iruslees determine is necessary lo enable the preparalon of financial statements that are free from material misslatQTnont, whether due to fraud or eThor. In preparlng the flnandal ststements, the trustees are responsible for assessing the charity's ability to continu as a going concem, disdosing, as applicable, matter8 related to going concem and using Ihe going con¢em basis of accounting unless the trustees either intend to liquidate the charitable Gompany or to oease operations. or have no rè81istic alternative but to do so. AuditC'8 re$ponslbllltles for th• audit of thg finanGl•l Ststsmonts Our objectives are to obtain reasonablè assurance about whether the financial statements as 8 whole are free from material misstatsment, whelher due to fraud or eOr, and lo issue an auditovs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wlh ISAS (UK) wll always delect 8 material misstalemenl then il exists. Misslaternents can arise from fraud or error and are considered mal8ri31 if, individually or in the aggregate, Ihey could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, induding fraud, are Instanc of non-compliance with laws and regulations. We design pmcedures in line with our rèsponsibilities, ouuined above, lo detect material misstatements in respect of irregularities, including fraud. The extent to which our prOreS are (zpable of detecting irregularilies. including fraud, 18 detailed below. Based on our understanding of the company and sector, we idenlfied that th8 principal risks of nonrycompliance th laws and regulations related lo, but were not limited to. the Companies Act 2006, employment, pension and health and Safely legidation and we considered the extent lo which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the prtparats'on of the financial statements such as the CompaniesAGI 2006. We evaluated management's incents.ves and opportunities for fraudulent manipulation of the financial statements (Including the risk of override of conlrolsl and determined that the principal ri5k5 were related lo management bias in COUnting estimates and judgements.
THE ABBEYFIELD LEIGH SOCIETY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ABBEYFIELD LEIGH SOCIETY LIMITED Our predureS lo respond to risks identified inGluded the follo7n9'. reviwng the financlal stslement disclosures and testing to supporting documentation to assess compliance wth provisions of relevant laws and regulaticS described as hawng a direct effect on the financial slalements., enquiring of manag8ment about tUal and potential litigation and clwms. their policies and procedures to prevent and delect fraud as well as whether they have knowledge of any actual, suspect8d or alleged fraud,. perfomiing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misststtrment due to fraud., reading minutes of meetings of those charged with govemance., obtsining an understsnding of provisions and holdlng discuss1c$ marbagement to understand the basis of recognition or non-recognition of provisions., and in addressing the risk of fraud through management ovenlde of controls.. testing the appropriatsness of joumal entries.. assessing whether the accounting 8stimates, judgements and dec4sions made by management are indicative csf a potential bias- and evaluating the businèss rationale of any signifjcant transactions that are unusual or OLbtside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all en9agemenl team members and remained alert lo any indications of fraud or non-compliance wlh laws ar regulations throughout the audit. There are inherent limitations in our audit piocedures described above. The more removed that laws and regulations are from finanaal transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limf( the audit procedures required to identify non-compliance wlh laws and regulations to enquiry of the dirertors and other management the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to delect than those that arise trom error as they may Involve deh'berate concealment or Gollusion. A further description of our responsibilities f thè audit of the ffinanaal statements is located on the Finanaal Reporting Coundl's webslte al.. http:IlwM.frc.org.ukJauditorsrespon$ibilities. This description fom)$ part of our audito¢s report. (Oh Patgr Alkln$on F.C.A. Isenior Statutory Auditor) for and on behalf of Jackson Stsphen LLP 0611212021 Chartgrod AcGountsnts Statutory Audltor James House stonecross Business Pork YewTree Way Warringlon Cheshire WA3 3JD
THE ABBEYFIELD LEIGH SOCIETY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 Nots¥ Donations Incomlng resources from charitable ac15¢$ Investment income receivable 1,380 258,777 5,579 1,733 260.910 Total incom• 265,736 269.189 Charitable actiwties 200,278 217,227 Net gainslllosses) on investments 11 38,211 125,0101 Not movemgnt In funds 103.669 28,952 Fund balances at 6April 2020 970,335 943,383 Fund balanc8s at 5 April 2021 1,074,004 970,335 The Statement of ffnanclal adlvltles Indudes all galns and losses recognSsed in the year. AJI income and expenditure derive from c<)ntinuing acknvities. The statement of financial actiwties also complies with the requiretnents for an income and expendrture account undw thè CfxnpaniesAcl 2006.
THE ABBEYFIELD LEIGH SOCIETY LIMITED
BALANCE SHEET
AS AT 5 APRIL 2021
| Fixed assets Tangible assets Current assets Debtors Investments Cash at bank and in hand Creditrs: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due afer Notes 12 13 14 15 more than one year 16 Net assets Income funds Unrestricted funds 2021 £ 15,470 897,589 20,640 933,699 (26,338) £ 169,084 907,361 1,076,445 (2,441) 1,074,004 1,074,004 1,074,004 |
2020 £ £ 172,136 12,706 798,925 14,547 826,178 (25,538) 800,640 972,776 (2,441) 970,335 970,335 970,335 |
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These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 1 December 2021
Francis Rothwell M.B.E. (Director) Trustee
Company Registration No. 00843675
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THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Accounting pollcles Charity infomiation The Abbeyfield Leigh Soaety LAmited is a private company limrted by guarantee incorporated in England and Wales. The registered office is Surte 2, Beswick House. Green Fold Way, Leigh, Lancashire, WN7 3XJ. 1.1 Accountlng conventlon The accounts have been prepared in accordance wth the charity's goveming document, the Companies Act 2D06 and "Accounting and Reporting by Charities= Statement of Recommended Practi applicable to charities preparing their accoun15 in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting peri$ commencing from 1 January 2016}. The charity 18 a Public Benefit Entity as defined by FRS 102. The tharity has la(en advantage of the provisions in the SORP for chari*8s applying FRS 102 Update Bulletin 1 not to prepa a Statement of Cash Flows. The financial statements are prepared in slerling, vthich is the fUnCtial currency of the charity- Monetary amounts in these financial statements are rounded to the nearest £. Th8 accounts have been prepared under the historical cost convention, modified to include certain finala] instruments at fair value. The princ4pal accounting policies adopied are set out below. 1.2 Gdng concern At the time of approwng the financial 5tstemenls, the trustees have a reasonable expectstion that the ¢harty has adequate resources to continue in operational exi3tenGe for the fore?cedbl¢ fvtur¢. Thu$ lh¢ trustee$ ¢ontsnue to adopt the going concem basis of accounting in pr8p8ring th8 financial stalemerbts. qa Charftablg fund¥ Unrestricted funds are available for use at the discretion of the trustees In furtherance of their charitable objective$. Reslrfcted ndS are subject to sperAfio nditionS by donoTS as lo how they may be u8ecl. The purpose8 and uses of the restricted ndS are set out in the notes to the financial slalements. 1.4 Incom& Income is recognlsed when the charlty Ss legally entltted to ft after any perfcfmance conditigns have been met, the amwnts Can be measured rdiably, and it is probable that income wll be received. Cash donations are recognised on receipL Other donations are regniSed once the charity has been notiffied of the donation, unless performan conditions require defrrral of the amount. Income lax reCorable in relation lo dgnations re¢eived under Gift Aid or deeds of covenant is recognised 81 the tim8 oftre donation. Legacies ar8 r8cognised on receipt or otherwise if the charity has been notified of an impending distribution. the amount Is thown. and receipt is expèrted. If the amrAJnt is not known, the legacy is treated as a contingent asset. .S Expgnditurn All expenditure is aceountèd for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be direBtly attributed to particular headings they have been lOCated to activities on a b8sis consistènt with the use of resources.
THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2021 Accounting polici08 ICondnuod> 1.6 Tangible fixèd assets Tangible fixed assets are initially measLJred at cost and subsequendy measured at cost. net of depre¢ialion and any impairnient losseg. Depreciation is recognised so as lo write off the cost of ossets less thelr redUal values over their usefijl lives on the followng bases". Freehold buildings Leasehold propety FIre8, fittings & equipmwt 5°h t cost per annum 5% on cost per annum 25% reduong balanGe basis per annum The gain or loss arising on the dispos81 of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomel{expenditurel for the yeaT. 1.7 Impalmient of fixed assets At each reporting end dale, the charity rewews the carrying amounls of ils tangible assets to detemiine whether Ihere is any indication that those assets have suffered an impaimi8nl loss. If any such indication e$ts, the recoverable amount of the asset 1$ estimated in order lo determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalénts Cash and cash equivalents indude cash in hand, deposrts held at call with banks, other short-tem liquid Investmènts original maturibes of three months or less. ond bank overdrafts. B&)k overdrafts ar8 shown thIn borrowlngs In cutrent Ilabllltte8. 1.9 Flnanclal Instrumonts The charity has eleded to appty the proS1OnS of Section 11 '8asic Flnandal Instruments, and SeclSon 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Flnancial Instruments 8re recognised in the charity's balanGe sheet when Ihe tharity beGomes paty to the contractual provIonS of th@ instrument. Finanaal assets and liabilities are offset. with the net amounts presented in the financial statements, Ifftthen there is a legally enforceable right to set off the recognised amounts and ttere is an intention to setde on a nel basis or lo realis8 the asset and setue the liabilty simultaneously. Basic fin•nelal assets Basic financial a$$els. which indude debtors and cash and bank balances, are initially Measured at transaction price including transaction costs and are subsequendy carried al amorlised c08t Using the 8ffects.ve interest method unless the aangement constitutes a financing transaclicn, where the transaction is measured al the present value of the future receipts discounled at a market rate of interest. Finanal assets classified as receivable within one year are not amortised. Derncognlbon of financialassets Finane4al assets are derewnised only when the contractual ri9hls to the cash flows from the asset expire or are setued, or en the charity transfers the finanual asset and substantially all the risks and rewards of ownership lo another enth'ty, or if some significant risks and revRrds of ownership are retained bul contr of th8 assel has transferred lo another party that is able to sell the asset in its entirety to an unrelated third 10-
THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 Accounting polici08 (Continuéd) Bas1¢ Ilnanclal 11obllftles Basic financial liabilities. including creditors and bank loans are inilially recognised al transaotion price unlèss the 8rr8ngemenl constitules a financing transaction, where the debt instrument is measured at the present value of lh8 ftjture payments discounted at a market rate of interest FinanrAal liabilities dassified as payable wlhin one year are not amortised. Debt instruments are subsequentjy carried 01 amortised cost, using the effective interest rate method. Trade credllors are obllgatlons to pay for goods or services Ihal have been aquired in tre ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment 15 due within one year or less. If not. they are presented as non-eurrènt liabilities. Trade creditors a recognised initially at transaction price and subsequendy measured at aM08ed cost using the eff8ctive interest method. Derecognition of financial liabilitie3 Finanual liabilits"e5 are derecognised when the chartty's contractual obligations expire or are discharged or cancelled. 1.10 Employ08 ben8flts The cost of any unused hollday ent511emenl Is recr)gnised in the period in which the employee's services are received. Tem)inab"on benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminate the employment of an employee or 1¢ prowde lemiination benefits. 1.11 RoTem•nt b8n•fits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Invostmgnts Current asset investments crmsisl of inler8sI bearing bank deposit accounts. Interest Is Induded on an accruals basis. Cr511cal a¢countlng 98tlmatss and Judgements In the appIl¢aOn of the charity's accountsng policSes, Ihe trustees are required lo make judgements, estimates and assumptions about th6 carrying amount of assets and liabilities that are not readily appanI from other sources. The estimates and assocAated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from th8se estimates. The estimates and underlying a$$umptions are reviewed on an On9Ng basis. Revisions to accounting estimates are recognised in the Pead in which the estimate is revised where the reM$ion affects only that period, or in the period of the revision and future periods where the remsion affects both current and future periods. No critical accounting estimates or judyements have been made by the trustees In preparing these financial statements. Donatlons 2021 2019 Donations and gifts 1,380 1,733
THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 Incomlng resourcos from charitsble actiYitiè8 2021 2020 Provision of accommodation- income from residents. charges 258,777 260,910 Invostsngnt Incomg receivable 2021 2020 Income from inveslments Bank interest receivable 5,369 210 5.773 773 5,579 6,546 12-
THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 charItab actlvltles 2021 2020 Provision of acmmmodation staff costs Depreciation and impairment Governance costs Telephone Propety rates & Insurance Light & heat Housekeeping Repairs & maintenance Printing, postage, stationery and advertising Legal and aOUnncY fees Subscripbons Sundry expenses 102,205 15,291 4.441 1.173 11.185 12,388 28,081 7.295 704 9.526 6,469 1,520 98,452 14,683 5,060 1,087 10,913 12,770 26,280 29,035 538 9,692 6,377 2,340 20Q,278 217,227 Analy$l8 by fwd Unrestricted funds 200,278 200,278 For thè yèar endèd 5 ApTiI 2020 Unrestricted funds 217.227 217,227 Audltorfs rnmuner4tlon The analy819 of auditor's remuneratron is as fdlows". 2021 2020 Audit of the annual accounts 3,895 3,895 Trusts•s N¢ne of the trnstees lor any persons connected them) ceIVed any remuneraoon or expenses durfng the year. 13-
THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 Employaes Numbor of employo9s The average monthly number of employees during the year Yras.. 2021 Number 2020 Number Care assistants Management Employmont costs 2021 2020 Wages and salaries S(Kial security costs Other penslon costs 97,520 3,467 1,218 93.763 3,446 1,223 102,205 98,452 The total arnount of employee benefits (induding employer pension contrbutions and social Eecurity o)¥ts) reGeived by key management personnel for their senriGe5 to the Gharity was £14.737 {2020'. £13,848). There were no employees vknose annual remuneration was £60,000 or more. 10 Taxatlon Th8 charitab18 company is exempt from corporation tax on its charitable activities. 11 Not gainsl1l00sI on Inveslmonts 2021 2020 Fair value gainsl(losses} on investments 38,211 125,0101 14-
THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 12 Tanglble fixed assèts Fre8hold bulldlngs L8888hold property Flxtur85, fMng8 & quIpM•iIt Total ¢t At 6 April 2020 Additions 538,446 9.906 146,927 78,600 2.333 763,973 12,239 At sri12021 548,352 146,927 80,933 778.212 Dopreciation and Impalmwnt At 6 April 2020 Depreciation charged in the year 456,774 5.763 63,181 7.385 71,882 2,143 591,837 15,291 At 5 April 2021 462.537 70.586 74,025 607,128 Carrylng amount At 5 April 2021 85,615 76,361 6.908 169,084 At Sri12020 81,672 83,746 6.718 172,136 13 Debtors 2021 2020 Amounts falling due V•ithin one yaar: Other (ieblor8 Prepayments and accrued income 7,361 8,109 5,051 7,655 15,470 12,706 14 Current asset investments 2021 2020 Listed invesknents Unlisted investments 560.017 337.572 517.573 281.352 897,589 798,925 15-
THE ABBEYFIELD LEIGH SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 15 Crodltors: amounts falllng duo wlthln one year 2021 2020 Other taxation and social security Trade creditors Other ¢reditors Accruals and defvTh8d income 916 8,670 548 16,204 8.020 453 17,065 26,338 25,538 16 Crodltors: amounts falllng du& aftgr more than one year 2021 2020 Other Creditors 2,441 2,441 The conditional grant from Abbeyfield Society is only repayable in the event of The Abbeyfield (Leigh) Society Limited ceasing to exist. 17 Share capltsl Th• ¢harity ha• no $h•r• ¢•pitsl, b•in9 9 eompany limit•d by guarantee. Each mernber gugrantéè$ to Gonlribute an amount not exceeding £1 in thp event of a Winding up situation. 18 Relat•d party transactions There were no disclosable related party transactions during the Year(202 ncffle)- 16-