2022-09-30-accounts

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

Metric	No.		Metric			2022	2021
		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 (%)			219.6		221.4k
		Operating margin —overall (%)				(13)%		(24)%
		Return on capital employed (%)				(8)%		(12)%

				2022	2021
			Note	F	E
Turnover				826,217	725,286
Operating expenditure				(931,366)	(901,326)
Gross surplus / (deficit)				(105,149)	(176,040)
Other operating income				16,183	40,812
Operating surplus / (deficit)				(88,966)	(135,228)
Income from fixed asset investments				672	137
Interest receivable and similar	income			35	74
(Loss)/Gain on fair value movement		of		(1,404)	4,848
investments
Surplus / (deficit) on ordinary for the year before tax	activities			(89,663)	(130,169)
Total comprehensive surplus for the year	/ (deficit)			(89,663)	(130,169)

						2022	2021
					Note	E	E
Fixed assets
Tangible fixed assets					11	1,243,076	1,270,271
Investments					12	9,765	11,169
						1,252,841	1,281,440
Current assets
Debtors					13	11,772	19,635
Investments					14	134,894	205,875
Cash at bank and	in	hand				28,141	16,180
						174,807	241,690
Creditors: amounts		falling		due within one year	15	(102,239)	(108,058)
Net current assets						72,568	133,632
Total assets less	current			liabilities		1,325,409	1,415,072
Total net assets						1,325,409	1,415,072
Reserves
Guarantees					17
Income and expenditure			reserve		18	637,707	727,370
Revaluation reserve					18	687,695	687,695
Total Reserves						1,325,409	1,415,072

ended 30September	2022
	Guarantees	Income and	Revaluation	Total
		expenditure	reserve
		reserve
At 1 October 2020		857,539	687,695	1,545,241
Surplus for the year		(130,169)		(130,169)
At 30September 2021 and 1 October 2021		727,370	687,695	1,415,072
		(89,663)		(89,663)
Surplus for the year
At 30September 2022		637,707	687,695	1,325,409

						2022	2021
					Note		E
Cash flow from operating	activities				19	(59,727)	(67,781)
Net cash flow from operating			activities			~59,727)	(67,761)
Cash flow from investing	activities
Payments to acquire tangible		fixed assets					(7,631)
Interest received						35	74
Dividends received						672	137
Net cash flow from investing			activities			707	(7,420)
Cash flow from financing	activities
Net cash flow from financing			activities
Net increase I(decrease)	in	cash and cash		equivalents		(59,020)	(75,201)
Cash and cash equivalents		at	1 October 2021			222,055	297,256
Cash and cash equivalents		at	30September	2022		163,035	222,055
Cash and cash equivalents	consists of:
Cash at bank and in hand						28,141	16,180
Short term deposits					14	134,894	205,875
Cash and cash equivalents	at		30September	2022		163,035	222,055

					2022	2021
			Turnover	Operating	Operating	Operating
				Expenditure	deficit	deficit
				E	E
Other social housing	activities:
Charges for rental and		support	199,783	(215,761)	(15,978)	(33,204)
services
Care home services			626,434	(715,605)	(89,171)	(142,836)
Total			826,217	(931,366)	(105,149)	(176,040)

			2022	2021
Turnover
Rent receivable			970,078	913,959
Void losses			~143,861	~188,673
Turnover
			826,217	725,286
Operating expenditure
Management expenses
Insurance			9,264	5,848
Telephone Registration fees Membership fee Audit fee Professional fees			2,288 2,388 9,329 7,600 13,592	2,408 2,388 9,395 6,250
Promotional advertising			1,580	1,624
Stationery and postage			1,353	1,321
Bank charges			353	288
Finance office salary			26,515	24,492
			74,262	54,014
Repairs and maintenance			22,618	20,991
Service costs
Care and catering:
Employee costs			687,676	685,072
Recruitment	fees		2,641	435
Agency fees
Food 8 cleaning costs			43,223	42,716
Staff training			928	948
Incontinence	8 health	supplies	14,354	13,109
Garden maintenance			7,820	6,834
Council tax 8 water rates			10,941	10,965
Heating and Lighting			23,306	26,020
Sundry			9,665	7,338
Motor			203	224
Equipment hire			6,534	5,286
Depreciation of housing	properties		23,683	23,683
Depreciation of equipment			3,512	3,691
			834,486	826,321
Operating expenditure
			931,366	901,326
Operating surplus I(deficitj			(105,149)	~176,040)

Ye	ar ended 30Septe	mber	2	022	022
4	Accommodation	owned		and		in	management
												Number of		Number	of
												units at		units at
												30September	30September
												2022		2021
	Completed units:
	Care homes	providing		personal				care under the Care
	Standards Act 2000											18			18
	Supported housing											10			10
															28
5	Interest and other	similar		income
												2022		2021
													E	E
	Bank interest receivable												35		74
6	Surplus /(deficit)	on ordinary				activities
	Surplus / (deficit)	on ordinary			activities				is stated after charging			/ (crediting):
												2022		2021
													E
	Auditor's remuneration		(including					expenses		and benefits	in kind) for
	audit												4,635		3,850
	Auditor's remuneration		(including					expenses		and			2,965		2,400
	benefits in kind)	for non-audit
	Depreciation oftangible			fixed		assets						27,374		27,374
	Gain / (loss) on fair value			movement					of investments				(1,404)		4,848
7	Auditor's remuneration
													2022	2021
													E	E
	Fees payable to	the Abbeyfield					(Weymouth)			Society Limited's		auditor for
	the audit ofthe Abbeyfield				Society			Limited's		annual accounts.
													4,635		3,850

he avera	ge	month	ly number ofemployees, during th	e year was as follows:
				2022	2021
				Number	Number
Management		and	administration
Housing,	support		and care		36
				38	41

he aggregate remuneration of such employees	was as follows:
	2022	2021
	E	E
Wages and salaries	660,136	660,197
Social security	43,443	39,269
Other pension costs	10,612	10,098
	714,191	709,564

1 Tangible fi	xed ass	ets —Free	hold land a	nd buildings
				Walls &		Mechanical &	Inlerrnal
		Land	Structure	Ceilings	Roofs	Eleclricals	Fixtures &	Total
							Outbuilding
Cost or valuation:
At 1 October 2021		600,000	64,000	228,000	76,000	288,000	144,936	1,400,936
At 3Q September	2Q22					288,000	144,936	1,400,936
Depreciation: At October 2021			4,480	15,960	10,640	67,130	67,571	165,781
Charge for the year			640	2,280	1,520	9,590	9,653	23,683
At 30September	2022		5,120	18,240	12,160	76,720	77,224	189,464
Net book value:
At 3Q September	2Q22					211,280	67,712	1,211,472
At 3Q September	2Q21					220,870	77,365	1,235,155

Fixtures, fittings and equipment
Cost or valuation:
At 1 October 2021		100,003
Additions during the year
At 30September 2022
		100,003
Depreciation:
At 1 October 2021		64,887
Charge for the year		3,512
At 30 September 2022		68,399
Net book value:
At 30 September 2022		31,604
At 30 September 2021		35,116
Tangible fixed assets —Total
	Land 8	Fixtures
	buildings	fittings 8	Total
		equipment
Cost or valuation:
At 1 October 2021	1,400,936	100,003	1,500,939
Additions in the year
At 30 September 2022	1,400,936	100,003	1,500,939
At October 2021	165,781	64,887	230,668
Charge for the year	23,683	3,512	27,195
At 30September 2022	189,464	68,399	257,863
Net book value:
At 30 September 2022	1,211,472	31,604	1,243,076
At 30 September 2021	1,235,155	35,116	1,270,271

Fixed asset invest	ments
		Listed
		Investments
		Total
		E
Cost
At 1 October 2021		60,903
At 30 September	2022	60,903
Impairment
At 1 October 2021		49,734
Written back in the year		1,404
At 30 September	2022	51,138
Carrying amount:
At 30 September	2022	9,765
At 30 September	2021	11,169
Historical cost
At 30 September	2022	60,903
At 30 September	2021	60,903

ebtors
		2022	2021
		F	E
Trade debtors		7,604	16,610
Prepayments	and accrued income	4,168	3,025
		11,772	19,635

2022	2021
	E
134,894	205,875

Creditors: amounts fa	lling due within one year
		2022	2021
		E	F
Trade creditors		6,731	12,534
Other tax and social security		12,717	9,779
Other creditors		58,708	58,708
Accruals and deferred	income	24,083	27,037
		102,239	108,058

At	1 October 2021
At	30 September 2022

onciliation ofoperating Surplu	s / (deficit) to cash flow from	operating activities
		2022	2021
		E	E
Surplus /(deficit) for the year		(89,663)	(130,169)
Interest received		(35)	(74)
Dividends received		(672)	(137)
Losses / (Gains) on investments		1,404	(4,848)
Depreciation of tangible fixed assets		27,195	27,374
Decrease / (Increase) in trade and other debtors		7,863	10,839
(Decrease) / increase in trade and other creditors		(5,819)	29,234
Net cash flow from operating	activities	(59,727)	(67,781)