2022-03-31-accounts - The Abbeyfield Ryde Society Limited

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CONTENTS			PAGE
Report ofthe Executive	Committee		1-3
Statement ofExecutive	Committee's	Responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements			8 —13
Detailed Hostel Property	Revenue Account

Professional	Advisors:
Independent	Examiners	A H Cross 6Co	Limited
		Chartered Certified Accountants
		16Quay Street
		Newport
		Isle ofWight
		PO30 5BG
Bankers		Lloyds Bank pic
		35 Union Street
		Ryde
		Isle ofWight
		PO33 2LE
Solicitors		Robinson Jarvis	Br.Rolf
		18Melville Street
		Ryde
		Isle ofWight
		PO33 2AP
Investment	Advisors	Charles Stanley	SCo Ltd
		55 Bishopsgate
		London
		EC2N 3AS

			Notes	2022		2021
INCOMING RESOURCES
Incoming resources from	operating	activities in furtherance		ofthe Charity's	objects:
Residents' charges				172,382		165,082
Investment income				29,015		28,385
Other income						300
Rental income				2,400		2,200
Grants received						2 755
Total incoming resources				203 797		198722
RESOURCES EXPENSES
Charitable expenditure in	furtherance		ofthe Charity's objects:
Repairs and maintenance				11,982		12,630
Service costs				165,762		155,742
Management and administration				24 341		21 679
Total resources expended				202 085		190051
Net incoming resources Unrealised gains/(losses)	on investments			1,712 34689		8,671 112917
				36,401		121,588
Total funds brought forward				1497921		1 376333
Total funds carried forward				R~)~4		K~147~
All funds are unrestricted.

			Notes	2022	2021
TANGIBLE FIXEDASSETS
Housin Land and Buildin	s
Gross cost				797,007	797,007
Social Housing grant				41,007	41,007
Depreciation				126585	115074
Net book value				629,415	640,926
Furnishin s and E ui ment			10	11879	9 169
				641,294	650,095
INTANGIBLE FIXEDASSETS
Investments				748815	714 126
TOTAL FIXEDASSETS				1 390 109	1 364 221
CURRENT ASSETS
Cash at bank and in hand				150,129	142,729
CURRENT LIABILITIES
Creditors: amounts falling due within		one year	12	5915	9029
NET CURRENT ASSETS				144214	133700
TOTAL ASSETS LESSCURRENT LIABILITIES					8~4979 1
Represented by:
UNRESTRICTED FUNDS			13		k:~14 7~1

3,	HOUSING STOCK							2022	2021
	Hostel accommodation	—number		ofbed		spaces			15
4,	OPERATING COSTS
								2022	2021
	Operating costs include:
	Independent Examiner's Depreciation	remuneration				(including	other services)	1,656 15233	1,607 13313
									R1!~4
5.	INTEREST RECEIVABLE AND SIMILAR					INCOME
								2022	2021
	Listed investment income (gross) Lloyds TSBdeposit interest (gross)							28,978 2	28,293 5
	COIF deposit interest (gross)							35	87
6.	GRANTS RECEIVED
								2022	2021
	HMRC —Job Retention Infection Control Grant	Scheme Grants							2,139 616
									4~7~5
7.	EMPLOYEES
								2022	2021
	Employee costs;
	Salaries and wages Pension contributions							89,089 557	87,222 586
	National insurance contributions
								g8c}~a+	K~87 !M
	Average number ofpersons employed				during
	the year including part-time		employees:
								2022	2021
	Hostel staff							12	12

8.	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,	ETC
									2022	2021
	Fees, remuneration or expenses	payable		to members			of	the
	Society who were neither members		of	the		Committee		of
	Management, nor employees ofthe Society
	Fees, remuneration or expenses	payable		to members			of	the
	Committee of Management of the Society			who		were	neither
	officers nor employees ofthe Society								Nil	Nil
	Fees, remuneration or expenses paid		to officers			of the	Society
	who were not employees									Nil
	Payments or gifts made, or benefits		granted,		to the		persons
	referred to in section 13 and 15	of the Housing				Associations
	Act 1996								Nil	Nil
9.	HOUSING LAND AND BUILDINGS
	SHG Assisted Schemes —Freehold
									2022	2021
	Cost —Com leted Schemes
	At 1 April 2021 and 31March 2022								797007	797007
	~De reciation
	At 1 April 2021								115,074	103,563
	Charge for the period								11511	11511
	At 31March 2022								126585	115074
	SOCIAL HOUSING GRANT								41007	41007
	Net Book Value
	At 31March 2022								K@29~41	40 926

10.	FURNISHINGS AND EQUIPMENT	FURNISHINGS AND EQUIPMENT
			2022	2021
	Cost
	At 1 April 2021 Additions		67,802 6432	64,744 3058
	At 31 March 2022		74 234	67802
	D~ereciaticc
	At 1 April 2021 Charge for the period On disposals		58,633 3,722	56,331 2,302
	At 31 March 2022		62 355	58633
	Net Book Value
	At 31March 2022		8~1187	R ~91~
11.	INVESTMENTS
			2022	2021
	Listed investments
	At 1 April 2021 Shares purchased		714,126	601,209
	Shares sold
	Unrealised surplus	on revaluation	714,126 34689	601,209 112917
			8~748 81	R714~1
	Historical cost at 1 April 2021 Cost ofshares purchased Cost ofshares sold		487,654 35,997 ~38402	500,474 108,946 ~121766)
	Historical cost		K4I~49	8~487 4
12.	CREDITORS
			2022	2021
	Amounts failing due Sundry creditors	within one year:	R~~l

	General	Revaluation
	Reserve	Reserve	2022	2021
At 1 April 2021	1,128,774	369,147	1,497,922	1,376,333
Net movement offunds Transfer ofrevaluation	36,401. ~34689	34689	36,401	121,588
At 31March 2022	R1 ~10~4	k~~	R~l:~@3	Pc~1497~