2020-09-30-accounts

Contents					Page
Officers and	advisers	information		page
Board Report					3-5
Independent	Auditor's	Report			6-8
Statement of	Comprehensive		Income
Balance Sheet					10
Statement of	Changes	in Reserves
Statement of	Cash Flows				12
Notes to the	Financial	Statements			13-26

					2020	2019
				Note	E	E
Turnover					807,197	754,903
Operating expenditure					(863,799)	(793,167)
Gross surplus / (deficit)					(56,602)	(38,264)
Other operating income					39,004	254
Operating surplus	/ (deficit)				(17,598)	(38,010)
Income from fixed	asset investments					782
Interest receivable	and similar	income			820	1,151
(Loss)/Gain on fair	value movement		of		(6,660)	(1,235)
investments
Surplus / (deficit)	on ordinary	activities
for the year before tax					(23,438)	(37,312)
Total comprehensive surplus		/ (deficit)
for the year					(23,438)	(37,312)

						2020	2019
					Note	F	F
Fixed assets
Tangible fixed assets					11	1,290,014	1,310,201
Investments					12	6,321	12,981
						1,296,335	1,323,182
Current assets
Debtors					13	30,474	12,541
Investments					14	278,700	302,728
Cash at bank and	in	hand				18,556	11,893
						327,730	327,162
Creditors: amounts		falling		due within one year	15	(78,824)	(81,665)
Net current assets						248,906	245,497
Total assets less	current			liabilities		1,545,241	1,568,679
Total net assets						1,545,241	1,568,679
Reserves
Guarantees					17
Income and expenditure			reserve		18	857,539	880,977
Revaluation reserve					18	687,695	687,695
Total Reserves						1,545,241	1,568,679

				Guarantees	Income and	Revaluation	Total
					expenditure	reserve
					reserve
					E
At 1	October 2018				918,289	687,695	1,605,991
Surplus		for the year			(37,312)		(37,312)
At 30September			2019
and	1	October 2019			880,977	687,695	1,568,679
					(23,438)		(23,438)
Surplus		for the year
At 30September			2020		857,539	687,695	1,545,241

				2020	2019
			Note	E	E
Cash flow from operating	activities		19	(11,425)	(12,350)
Net cash flow from operating activities				~11,425	~12,350
Cash flow from investing	activities
Payments to acquire tangible fixed assets				(6,760)
Interest received				820	1,151
Dividends received					782
Net cash flow from investing activities				(5,940)	1,933
Cash flow from financing	activities
Net cash flow from financing activities
Net increase /(decrease)	in cash and cash	equivalents		(17,365)	(10,417)
Cash and cash equivalents	at 1 October 2019			314,621	325,038
Cash and cash equivalents	at 30September	2020		297,256	314,621
Cash and cash equivalents	consists of:
Cash at bank and in hand				18,556	11,893
Short term deposits			14	278,700	302,728
Cash and cash equivalents	at 30September	2020		297,256	314,621

stimated residual value, ofeach asset on a sys	tematic basis	over its expected useful life.	over its expected useful life.
The society depreciates the major components	of its housing	properties at the following annual		rates:
Structure		1% straight line	basis
Walls and ceilings		1% straight line	basis
Roofs		2% straight line	basis
Mechanical and electrical systems		3.33% straight	line basis
Internal fixtures and outbuildings		6.66% straight	line basis
Other tangible fixed assets:
Fixtures, fittings and equipment		10%reducing balance basis

					2020	2019
			Turnover	Operating	Operating	Operating
				Expenditure	deficit	deficit
					E	E
Other social housing		activities:
Charges	for rental and		191,111	(223,614)	(32,503)	(17,309)
support	services
Care home services			616,086	(640,185)	(24,099)	(20,955)
Total			807,197	~863 799	~56,602	~38,264
			17

		2020	2019
		F
Turnover
Rent receivable Void losses		882,388 ~75,191	844,898 ~89,995
Turnover		807,197	754,903
Operating expenditure
Management expenses Insurance		5,603	5,408
Telephone Registration fees Membership fee Audit fee		2,497 2,417 9,242 5,770	2,540 2,597 8,948 5,900
Professional fees		72	1,240
Promotional advertising Stationery and postage Bank charges Finance office salary		1,362 1,494 337 23,973	2,959 1,105 208 22,210
		52,767	53,115
Repairs and maintenance		41,806	44,916
Service costs
Care and catering: Employee costs		629,634	566,545
Recruitment	fees
Agency fees Food 8 cleaning costs Staff training Incontinence 8 health supplies		47,107 3,406 7,719	45,310 1,816 3,657
Garden maintenance		5,467	5,226
Council tax 8 water rates		11,742	11,928
Heating and Lighting Sundry Motor		22,974 8,622 770	23,427 6,130 138
Equipment hire Depreciation of housing properties Depreciation ofequipment		4,838 23,683 3,264	4,200 23,683 3,076
		769 226	695,136
Operating expenditure		863,799	793 167
Operating surplus I(deficit)		56,602	38,264

									Number	of		Number of
									units at			units at
									30September		30September
									2020			2019
	Completed units:
	Care homes providing Standards Act 2000		personal		care under the Care					18		18
	Supported housing									10 28		10 28
5	Interest and other similar		income
										2020		2019
												E
	Bank interest receivable										820	1,151
6	Surplus /(deficit) on ordinary			activities
	Surplus / (deficit) on ordinary activities					is stated after charging			/(crediting):
										2020		2019
										E		E
	Auditor's remuneration audit	(including			expenses		and benefits	in kind) for		3,370		3,500
	Auditor's remuneration	(including			expenses		and			2,400		2,400
	benefits in kind) for non-audit
	Depreciation oftangible	fixed		assets						26,947		26,759
	Gain / (loss) on fair value		movement			of investments				(6,144)		(1,235)
7	Auditor's remuneration
										2020		2019
										E
	Fees payable to the Abbeyfield			(Weymouth)			Society Limited's		auditor for
	the audit ofthe Abbeyfield		Society		Limited's		annual accounts.			3,370		3,500

				2020	2019
				Number	Number
Management		and	administration
Housing,	support		and care	36	36
				41	40

		2020	2019
		E
Wages	and salaries	605,782	551,629
Social	security	38,539	30,595
Other	pension costs	9,286	6,531
		653,607	588,755

11 Tangible fix	ed ass	ets —Freeh	old land a	nd buildings
				Walls &		Mechanical &	Interrn al
		Land	Structure	Ceilings	Roofs	Electricals	Fixtures &	Total
							Outbuilding
Cost or valuation:
At 1 October 2019		60o,000	64,000	2 8,000	76,000	288,000	144,936	1,400,936
At 30September	2020					288,000	144,936	1,400,936
Depreciation: At October 2019			3,200	11,400	7,600	47,950	48,265	118,415
Charge for the year			640	2 280	1 520	9590	9,653	23 683
At 30September	2020		3,840	13,680	9,120	57,540	57,918	142,098
Net book value:
At 3p September	2p2p	600,000	60,160	214,320	66,880	230,460	87,018	1,258,838
3QSeptember2Q19600, 00060,800216,60068,400240,050							96,671	1,282,521

				2020	2019
Analysis	ofthe land and buildings	valued at the date of transition	to
FRS102	using the deemed cost	exemption:
				E
Historical cost equivalent Revaluation/depreciation				752,369 506,469	752,369 530,152
Net book	value			1,258,838	1,282,521

Tangible fixed assets —(continued) -othe	r
Fixtures, fittings and equipment
Cost or valuation:
At 1 October 2019		85,612
Additions during the year		6,760
At 30September 2020		92,372
Depreciation: At 1 October 2019		57,932
Charge for the year		3,264
At 30September 2020		61,196
Net book value:
At 30 September 2020		31,176
At 30September 2019		27,680
Tangible fixed assets —Total
	Land 8	Fixtures
	buildings	fittings 8	Total
		equipment
Cost or valuation:
At 1 October 2019	1,400,936	85,612	1,486,548
Additions in the year		6,760	6,760
At 30September 2020	1,400,936	92,372	1,493,308
At October 2019	118,415	57,932	176,347
Charge for the year	23,683	3,264	26,947
At 30September 2020	142,098	61,196	203,294
Net book value:
At 30September 2020	1,258,838	31,176	1,290,014
At 30 September 2019	1,282,521	27,680	1,310,201

ended 30September 2020 Fixed asset investments
	Listed
	Investments
	Total
	E
Cost
At 1 October 2019	60,903
At 30September 2020	60,903
Impairment At 1 October 2019	47,922
Written back in the year	6,660
At 30September 2020	54,582
Carrying amount:
At 30September 2020	6,321
At 30September 2019	12,981
Historical cost
At 30 September 2020	60,903
At 30September 2019	60,903

ebtors
		2020	2019
		E	F
Trade debtors		23,074	9,574
Prepayments	and accrued income	7,400	2,967
		30,474	12,541

2020	2019
E	E
278,700	302,728

		2020	2019
			F
Trade creditors		6,033	5,126
Other tax and social security		9,427	7,726
Other creditors		58,708	58,708
Accruals and deferred	income	4,656	10,105
		78 824	81 665

onciliatio	n ofopera	ting Surpl	us / (deficit) to cash flow from	operating activities
				2020	2019
				F	E
Surplus	/ (deficit) for the year			(23,438)	(37,312)
Interest received				(820)	(1,151)
Dividends	received				(782)
Losses /	(Gains) on investments			6,660	1,235
Depreciation oftangible fixed assets				26,947	26,759
Decrease	/ (Increase)	in trade and other debtors		(17,933)	(3,082)
(Decrease) / increase		in trade and other creditors		(2,841)	1,983
Net cash	flow from	operating	activities	(11,425)	(12,350)