|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|
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|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)%|
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|||||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)|
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|||||||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|
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|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|
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|||||||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|
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||||||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)|
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||||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)|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|ebtors||||
|---|---|---|---|
|||2022|2021|
|||F|E|
|Trade debtors||7,604|16,610|
|Prepayments|and accrued income|4,168|3,025|
|||11,772|19,635|
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|2022|2021|
|---|---|
||E|
|134,894|205,875|
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|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|
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|At|1 October
2021|
|---|---|
|At|30 September 2022|
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|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)|
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