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|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
ofCash Flows|||||
|Notes to the Financial|Statements|||13-26|
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|The society|is required
to report on the following|is required
to report on the following|seven|performance|metrics as follows:|||
|---|---|---|---|---|---|---|---|
|Metric No.||Metric|||2021|2020||
||Reinvestment
(%)||||0%||0%|
||New supply
delivered|(%)||||||
||New supply
delivered|(Social housing) (%)|||0%||0%|
||New supply
delivered|(Non-social|housing)|(%)|0%||0%|
||Gearing (%)||||0%||0%|
||EBITDA MRI interest|cover (%)|||0%||0%|
||Headline
social cost per unit (%)||||621.4||F20.3k|
||Operating
margin —overall (%)||||(24)%||(7)%|
||Retuln on capital employed
(%)||||(12)%||(4)%|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|E|E|
|Turnover|||||725,286|807,197|
|Operating
expenditure|||||(901,326)|(863,799)|
|Gross surplus
I(deficit)|||||(176,040)|(56,602)|
|Other operating
income|||||40,812|39,004|
|Operating
surplus|I(deficit)||||(135,228)|(17,598)|
|Income from fixed|asset investments||||137||
|Interest receivable|and similar|income|||74|820|
|(Loss)/Gain
on fair|value movement||of||4,848|(6,660)|
|investments|||||||
|Surplus
/ (deficit)|on ordinary|activities|||||
|for the year before tax|||||(130,169)|(23,438)|
|Total comprehensive
surplus||I(deficit)|||||
|for the year|||||(130,169)|(23,438)|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|E|E|
|Fixed assets||||||||
|Tangible fixed assets|||||11|1,270,271|1,290,014|
|Investments|||||12|11,169|6,321|
|||||||1,281,440|1,296,335|
|Current assets||||||||
|Debtors|||||13|19,635|30,474|
|Investments|||||14|205,875|278,700|
|Cash at bank and|in|hand||||16,180|18,556|
|||||||241,690|327,730|
|Creditors: amounts||falling||due within one year|15|(108,058)|(78,824)|
|Net current assets||||||133,632|248,906|
|Total assets less|current|||liabilities||1,415,072|1,545,241|
|Total net assets||||||1,415,072|1,545,241|
|Reserves||||||||
|Guarantees|||||17|||
|Income and expenditure|||reserve||18|727,370|857,539|
|Revaluation
reserve|||||18|687,695|687,695|
|Total Reserves||||||1,415,072|1,545,241|
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|ended 30September
|2021||||
|---|---|---|---|---|
||Guarantees|Income and|Revaluation|Total|
|||expenditure|reserve||
|||reserve|||
|At 1 October 2019||880,977|687,695|1,568,679|
|Surplus for the year||(23,438)||(23,438)|
|At 30September 2020|||||
|and 1 October 2020||857,539|687,695|1,545,241|
|||(130,169)||(130,169)|
|Surplus
for the year|||||
|At 30September 2021||727,370|687,695|1,415,072|
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||||2021|2020|
|---|---|---|---|---|
|||Note|E|E|
|Cash flow from operating|activities|19|(67,781)|(11,425)|
|Net cash flow from operating
activities|||(67,781)|(11,425)|
|Cash flow from investing|activities||||
|Payments
to acquire tangible
fixed assets|||(7,631)|(6,760)|
|Interest received|||74|820|
|Dividends
received|||137||
|Net cash flow from investing
activities|||(7,420)|(5,940)|
|Cash flow from financing|activities||||
|Net cash flow from financing
activities|||||
|Net increase I(decrease)|in cash and cash equivalents||(75,201)|(17,365)|
|Cash and cash equivalents|at 1 October 2020||297,256|314,621|
|Cash and cash equivalents|at 30September 2021||222,055|297,256|
|Cash and cash equivalents|consists of:||||
|Cash at bank and
in hand|||16,180|18,556|
|Short term deposits||14|205,875|278,700|
|Cash and cash equivalents|at 30September 2021||222,055|297,256|
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|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|||
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Turnover|Operating|Operating|Operating|
|||||Expenditure|deficit|deficit|
|||||F||E|
|Other social housing|activities:||||||
|Charges for rental and||support|202,377|(235,581)|(33,204)|(32,503)|
|services|||||||
|Care home services|||522,909|(665,745)|(142,836)|(24,099)|
|Total|||725,286|(901,326)|(176,040)|(56,602)|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
|Turnover|||||||
|Rent receivable|||||913,959|882,388|
|Void losses|||||~188,673|~75,191|
|Turnover|||||725,286|807,197|
|Operating||expenditure|||||
|Management
expenses|||||||
|Insurance|||||5,848|5,603|
|Telephone|||||2,408|2,497|
|Registration||fees|||2,388|2,417|
|Membership||fee|||9,395|9,242|
|Audit fee|||||6,250|5,770|
|Professional||fees||||72|
|Promotional||advertising|||1,624|1,362|
|Stationery|and postage||||1,321|1,494|
|Bank charges|||||288|337|
|Finance office salary|||||24,492|23,973|
||||||54,014|52,767|
|Repairs and maintenance|||||20,991|41,806|
|Service costs|||||||
|Care and catering:|||||||
|||Employee costs|||685,072|629,634|
|||Recruitment||fees|435||
|||Agency|fees||||
|||Food &|cleaning costs||42,716|47,107|
|||Staff training|||948|3,406|
|||Incontinence||8 health supplies|13,109|7,719|
|Garden maintenance|||||6,834|5,467|
|Council tax||8 water|rates||10,965|11,742|
|Heating
and||Lighting|||26,020|22,974|
|Sundry|||||7,338|8,622|
|Motor|||||224|770|
|Equipment||hire|||5,286|4,838|
|Depreciation||of housing||properties|23,683|23,683|
|Depreciation||of equipment|||3,691|3,264|
||||||826,321|769,226|
|Operating|expenditure||||||
||||||901,326|863,799|
|Operating|surplus||/ (deficit)||176,040|56,602|
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|4|Accommodation
owned||a|nd|in m|an|agemen|t||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Number of||Number of|
|||||||||||||units at|units at|
||||||||||||30|September
30September||
|||||||||||||2021|2020|
||Completed
units:|||||||||||||
||Care homes providing||personal care under the Care|||||||||||
||Standards
Act 2000|||||||||||18|18|
||Supported
housing|||||||||||10|10|
|||||||||||||28|28|
|5|Interest and other similar||income|||||||||||
|||||||||||||2021|2020|
||Bank interest receivable|||||||||||74|820|
|6|Surplus /(deficit) on ordinary||||activities|||||||||
||Surplus /(deficit) on ordinary|||activities|||is stated after||charging||/ (crediting):|||
|||||||||||||2021|2020|
|||||||||||||F|E|
||Auditor's
remuneration|(including||||expenses||and benefits||in kind) for||||
||audit|||||||||||3,850|3,370|
||Auditor's
remuneration|(including||||expenses||and||||2,400|2,400|
||benefits
in kind) for non-audit|||||||||||||
||Depreciation
oftangible||fixed||assets|||||||27,374|26,947|
||Gain
/ (loss) on fair value||movement||||of investments|||||4,848|(6,660)|
|7|Auditor's
remuneration|||||||||||||
|||||||||||||2021|2020|
||Fees payable to the Abbeyfield||||(Weymouth)|||Society|I imited's||auditor for|||
||the audit ofthe Abbeyfield|||Society||Limited's||annual|accounts.|||||
|||||||||||||3,850|3,370|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||Number|Number|
|Management||and|administration|||
|Housing,|support||and care|36|36|
|||||41|41|
##
|he agg|regate
remuneration
ofsuch employees
|was as follows:||
|---|---|---|---|
|||2021|2020|
|||E||
|Wages|and salaries|660,197|605,782|
|Social|security|39,269|38,539|
|Other|pension costs|10,098|9,286|
|||709,564|653,607|
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|11
Tangible fi|xed ass|ets —Freeh|old
land a|nd buildings|||||
|---|---|---|---|---|---|---|---|---|
|||||Walls &||Mechanical
&|Intermal||
|||Land|Structure|Ceilings|Roofs|Electricals|Fixtures &|Total|
||||||||Outbuilding||
|Cost or valuation:|||||||||
|At 1 October 2020||600,000|64,000|228,000|76,000|288,000|144,936|1,400,936|
|At 30September|2021|||||288,000|144,936|1,400,936|
|Depreciation:|||||||||
|At October 2020|||3,840|13,680|9,120|57,540|57,918|142,098|
|Charge for the year|||640|2,280|1,520|9,590|9,653|23,683|
|At 30September|2021||4,480|15,960|10,640|67,130|67,571|165,781|
|Net book value:|||||||||
|At 3p September|2p21|600,000|59,520|212,040|65,360|220,870|77,365|1,235,155|
|At 3p September|2p2p|600,000|60,160|214,320|66,880|230,460|87,018|1,258,838|
|||||2021|2020|
|---|---|---|---|---|---|
|Analysis|ofthe land and buildings|valued at the date oftransition|to|||
|FRS102|using the deemed cost|exemption:||||
|Historical|cost equivalent|||752,369|752,369|
|Revaluation/depreciation||||482,786|506,469|
|Net book|value|||1,235,155|1,258,838|
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|Tangible fixed assets —(continued)|Tangible fixed assets —(continued)|-other||||
|---|---|---|---|---|---|
|Fixtures,
fittings and equipment||||||
|Cost or valuation:||||||
|At 1 October 2020||||92,372||
|Additions
during|the year|||7,631||
|At 30September|2021|||||
|||||100,003||
|Depreciation:||||||
|At
1 October 2020||||61,196||
|Charge for the year||||3,691||
|At 30September|2021|||64,887||
|Net book value:||||||
|At 30September|2021|||35,116||
|At 30September|2020|||31,176||
|Tangible fixed assets —Total||||||
||||Land 8|Fixtures||
||||buildings|fittings
8|Total|
|||||equipment||
|Cost or valuation:||||||
|At 1 October 2020|||1,400,936|92,372|1,493,308|
|Additions
in the year||||7,631|7,631|
|At 30September|2021||1,400,936|100,003|1,500,939|
|At October 2020|||142,098|61,196|203,294|
|Charge for the year|||23,683|3,691|27,374|
|At 30September|2021||165,781|64,887|230,668|
|Net book value:||||||
|At 30September|2021||1,235,155|35,116|1,270,271|
|At 30September|2020||1,258,838|31,176|1,290,014|
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|Fixed asset investments||
|---|---|
||Listed|
||Investments|
||Total|
||E|
|Cost||
|At 1 October 2020|60,903|
|At 30September 2021|60,903|
|Impairment||
|At 1 October 2020|54,582|
|Written back in the year|(4,848)|
|At 30September 2021|49,734|
|Carrying
amount:||
|At 30September 2021|11,169|
|At 30September 2020|6,321|
|Historical cost||
|At 30September 2021|60,903|
|At 30September 2020|60,903|
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|ebtors||||
|---|---|---|---|
|||2021|2020|
||||P|
|Trade debtors||16,610|23,074|
|Prepayments|and accrued income|3,025|7,400|
|||19,635|30,474|
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|14|Current|asset investments|
|---|---|---|
||Short|term deposits|
|2021|2020|
|---|---|
||F|
|205,875|278,700|
|Creditors: amounts
fa|lling due within one year|||
|---|---|---|---|
|||2021|2020|
|||E|F|
|Trade creditors||12,534|6,033|
|Other tax and social security||9,779|9,427|
|Other creditors||58,708|58,708|
|Accruals and deferred|income|27,037|4,656|
|||108,058|78,824|
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|At|1 October
2020|
|---|---|
|At|30September 2021|
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|conciliatio|n
ofopera|ting
Surpl|us
I(deficit) to cash flow fro|m operating
activities||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E||
|Surplus|I(deficit) for the year|||(130,169)|(23,438)|
|Interest received||||(74)|(820)|
|Dividends|received|||(137)||
|Losses /|(Gains) on investments|||(4,848)|6,660|
|Depreciation
oftangible
fixed assets||||27,374|26,947|
|Decrease|/ (Increase)|in trade and other debtors||10,839|(17,933)|
|(Decrease)
/ increase||in trade and other creditors||29,234|(2,841)|
|Net cash|flow from|operating|activities|(67,781)|(11,425)|
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