2021-03-31-accounts

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited Financial Statements For the Year Ended 31st March 2021 TRUSTEES Mrs A W Davies Mrs H Jones Mr G Smith SECRETARY Mrs H Dumbleton REGISTERED OFFICE Abbeyfield 12 Box Lane Wrexham LL12 8BU COMPANY NUMBER 00800583 CHARITY NUMBER 246998

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

ACCOUNTS

FOR THE YEAR ENDED 31st MARCH 2021

CONTENTS

Report of the Trustees

Independent Examiner's Statement

Statement of Financial Activities

Balance Sheet

Notes to the Accounts

Detailed Statement of Financial Activities

Abbeyfield Wrexham Society Limited Trustee's Report The Tnistee's, who are also directors for the purpose of the Companies Art, present their annual report together wÈth the financial statements of Abbeyfiekl Iwrexhaml Society Limited for the year ended 31 March 2021. Since the Company qualifies as small under the Companie5 Act 20061Strategic Report and Direttor5 Report) Regulations 2013 is not required. ob￿CtiveS and Actlvltles The Society is established for the Publlc Benefft for the following objettive& The relief and cafe of eldedy persons of all classes sufferin8 from the disabilities of old age or othe￿1$e in need The spre3ding ol Christian priftciples to all human relationships and the applicatlon ot humanitarian aims to promote the relief of the elderly. To provide fvrther education in the sphere of voluntary work and similar activities so as to Incul¢8te the principles of good atizenship. The PrO￿510n of housin& accommodation or asslstance. Includlng provlding and maintaining or assisting in providing and maintainin8 houses and homes, for the relief and care of elderlv persons sufferin8 from the disabilities of old age or otherwise being in need. Such other purposes recognised by British Law as charitable as the Society shall determine from time to time. In particular, the Trustee's consider how planned artlvities wlll contribute to the aims and objettives set out in this guidance. The Society is commltted to equal access to its services and monitors thls commitment by the very strirt and fair Iniervlew procedure undertaken to ensure that every prospective resident receives due consideration in respect of their applicatton. Applications for FM)tential ￿Sidents are Fnterviewed by the Admissions Commtttee comprislng the Admissions Offb¢er, House Chairman and House Manager, The Trustee's confirm that they have complied with the requirements ot sectton 4 of the Charities Act 2011 to have due regard to the public benefit guidance by the Chartty Commlsslon for England and Wales. Athlevement and Performance The main area of activity has been the provision of 19 untts of supported sheltered hoyslng wtth maintenance actiwty carried out throughout the period to maintain a high standard of living. Prlnclple Fundlng Sources The AbbeyField Iwrexham) Society is financed from current and retained surpluses apart from donations which may be subject to restrictions in use.

The Societys Executive Committee meets quarterly and 15 responsible for the strategic deusions and policy of the Charrty. The Socie￿5 financial resources consist of cash arEd bank deposits, so it has no r￿ed to resort to loans or overdraft facilities as it holds cash balances substantially in eX￿S of day to day requirements. Going con￿rn After making appropriate enquiries. the Trustees have a reasonable expettation that the companv has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the goin8 con￿rn basis in Preparing the financial statements. Structure, Governance and Mana8ement The Company is registered as a Charitable Company limited guarantee and is constituted under a Memorandum of Asso¢latlon dated 13 April 1964. It is a re8lstered charity, number 246998. The company registered as a Charlty on l March 1966. The Company was established under Memorandum of Association whith established the objectives of the charitable comparry, and is 8overned under Its Artides of Association. R￿rUItMefit and Appointment of Trustees With the exceptions of the Company Secretary and Treasurer, the Directors of the Company are also Charity Trustees for the purposes of charity law under the Companls Articles are known as Members of the ExecLrtive Commrttee. Underthe requirement of the Memorandum and Artlcles of Association the members of the ExeoJtNe Committee are elerted to serve è period of three years after whlch they must be re-elected at the next Annual General Meetin& The Company Secretaryfrreasurer holds no Interest In the Society and acts as an Executive Officer within the authority delegated by the Executive Commlttee. Insurance policles Indemnrfy Trustees and the Executive Officer against liability when acting for the company. New Trustees are prowded with briefing documentation when they first join the Society, but trainin8 doe5 not just stop at thaL A program of indurtion and training has been agreed which is enshrined in the volunteers, section of the Abbeyf*ld Quality Standard. or8an15alio￿1 Stnthre The SocieVs Executive Committee meets quarterly and is responsible for the strdtegic direction and policy of the charity. At present the Executive Committee has six member5 from a variety of professional backgrounds relevant to the work of the tharity. The company SeuetsrylTreasurer also STts on the Committee but has no voting r4ghts.

House Committees meet every month and the House Chalrnian's yjb committee also meet regularfy and report to the main committee. Day to Day responsibility for the prOv￿lon of services rests with the House Managers. supported by the Societ<s Executive Officer. Related Parties The Society is a member of the National Abbeyfield Society. based in St Albans. This Society was founded in 1956 and has societies in 17 countries throughout the world. The society is also a member ofthe Abbeyfield CyThru Society Limtied, an UMb￿lIa organisation representing all Abbeyfield Societies in Wales. Rlsks The Executive Committee members have overall responsibilty for ensyring that the Soclety has appropriate systems of control. financial and otherwise. The systems of financial control are desS8fted to provide reasonable, but not ab501ute, assurance against material mis-ststement5 of Ios5. They include an annual budget. approved by the Executive Committee, regular quarterly review of actual results and variances from budget. and delegations of authority and segregation of duties a5 far as possible given present staifing levels. The Executive Committee will continue to monitor ri5k5 and Set up poliaes to mitigate them. Thls report was approved by the Trustees of the Charity on 09 December 2021 and signed on Its behalf by Graham Smith Trustee

Abbeyfield Iwrexham) Society Llmlted Statement of Trustees Responsibilities Tnjstees (who are also the Directors of Abbeyfteld Iwrexhaml So¢tety b"mited for the purposes of company law are responsible for preparing the trustees report and the financial statements in accordance with the United Kingdom Accountlng Standards (United ￿ngdoM Generally Accepted Prarti￿) and applicable law and regulations. Company Law requlres the trustee5 to prepare financtal statements for each financial year. Under company law the trustees must not approve the financial ststements unle5S they are satisfied that they gNe a true and far view of the state of affairs of the charitable company and of its incoming resources, induding its income and expendrture. for that perfod. In preparin8 these financial statements. the trustees are required to.. Select sultable accounti￿ policies and appty them conslstently Observe the methods and prinaples in the Charities SORP Make judgements and estimates that are reasonable and prudent State whether appllcable UK Accounting Standards have been foll¢)wed. subject to any material (lepartures disclosed and explained in the financial statements Prepa￿ the flftan¢lal statements on the going concern basls unless It Is Inappropriate to presume that the charltabte Company wlll contlnue ift I￿SIness. The Trustees are responsiEAe for keepin8 adequate accountin8 records that are sufficient to show and explain the charitable compan￿5 tran5artlons and dlsdose with reasonable accuracy at any tlme the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They a￿ also responsible for safeguarding the assets of the charttèble company and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregutarities. Approved by the trustees of the tharity on 09 December 2021 and slgned on its behalf bv Graham Smith Trustee

INDEPENDEpif EXAMINEW5 REPORT TO THE TR115TEES OFABBEYHELDWREXIIAM soaEfY UMITED I reF￿ on the accounts ofthe C+Jnpany fortheiar ended 31 Marth 2021. The tnjstees {¥tho a￿ also the dirertCK5 01 the c(wnpwryfor the purwses ofcompany lawl are responsible forthe preparation of the accounts. The trnsttts consider that an audit Is not required forthis urKler settion 144(21 of the Charities Act 2011 (the 2011 Att) and that an independent examination is needed. Having satisfied myself that the charity is not subiert to audit under company law and is eli8ible for independent examination. It is my rèsponsibiltty to: examine the accounts under section 145 of the 2011 Act.. to follow the procedu￿$ lald d¢iwn in 8entral Careckn$ 81￿ll by the Charlty Commlsslm under sertlon 14515llbl of the 2011 A£t.' and to state wltheT Particular matters come to my attentkn. BASIS OF INDEPENDENT EXAMINEVS REPORT My examlnatlon was carrSed out In accordance wlth the general Dirtrtlons 8i¥en by the Charity Comm5ssion. An examlnallon Indudes a review of the accountlng records kept by the chafity and a comparlson of the accounts presented wth those records. It also Includes conslderath)n of any unusual Items or dtsclosures in the accounts. and seeklng explanatSons frorn you as trustees con¢ernln8 any such matters. The Procedur￿ Undertaken do not wovide all the evldence that would be requlred in an audit and consequentfy no oplnlon Is 8l¥en as to whethw the accounts present a 'true and fair v5ew' and the rewrt 15 lon￿ted to those matters set out In the statement below. INDEPEMDEKI EXAMINEYS STATEMEiir In conrlertlon wlth my emamlnatlon. no rnatter has come to my attenllon: 111 whSth ghes me reasonable cause to beNe¥e that In ary m•terfal respect the requlrements: to keep accountln8 rec(Yds In accordan￿ wlth sectbn 386 of the Companles Act 2(K6.' and to prepare accounts which accord wth the accounting records. compty with the accounting Trquirements of section 396 of the Companles Act 2￿)6 and wlth the metts)ds and win(1￿e5 of the Ststement of RecoFnmended Pract0￿.. knuntlng and Reportlng by CharltSes ha¥e not been met: 121 to whith. In my oplnlon. attentton should be drawn in orderto enable a proper uNlerstandiry ofthe accounts to be reached. Karl Norris FCA CFL Accountancy 55 ParkÈdge aose Leigh iancashire

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2021

INCOME Income from Generated Funds Donations and legacies Income from Investments Income from charitable activities Other Income Total Income and endowments EXPENSES Costs of generating funds Expenditure on Charitable activities Total Expenses NET INCOME Gaines/(losses) on revaluation of fixed assets Net movement in funds: Net income for the year Total funds brought forward Net Funds carried forward	Unrestricted Restricted 2021 2020 Funds Funds Total Total £ £ £ £ 0 0 1,846 74 74 241 192,961 192,961 187,696 14,204 14,204 0
	207,239 0 207,239 189,783
	210,600 210,600 211,982
	210,600 0 210,600 211,982
	‐3,361 0 ‐3,361 ‐22,199
	‐3,361 0 ‐3,361 ‐22,199 0
	‐3,361 0 ‐3,361 ‐22,199

Thus statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

BALANCE SHEET AS AT 31st MARCH 2021

Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Debtors (amounts falling due within 1 year) 4 Cash at bank and in hand CREDITORS (amounts falling due 5 within 1 year) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 7 General fund Designated funds Restricted funds 8	2021 2020 £ £ 90,379 99,719 5,328 3,672 120,528 109,799
	125,856 113,471 19,385 12,979 106,471 100,492 196,850 200,211 174,612 177,973 6,641 6,641 15,597 15,597
	196,850 200,211

For the year ending 31st March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have bee prepared in accordance with the provision applicable to companies subject to the small companies regime.

Approved by the board of trustees on 16th November 2021 and signed on their behalf by

Mr G Smith

Trustee

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2021

1 ACCOUNTING POLICIES

1a. Basis of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 ‐ the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1c. Resources Expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributable to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1d. Allocation and Apportionment of Costs

All costs relate to the single activity of the charitable company and are recognised accordingly.

1e Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds ser aside by the trustees out of unrestricted general funds for the specific future purposes or projects.

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

1f Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and Buildings straight line 2% on non SHG assisted cost% Long Leasehold Properties straight line over life of lease % Short Leasehold Properties straight line over life of lease % Fixtures and Fittings straight line over useful lives of between 5 and 11 years.

1g Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the funds in respect of the year.

1h Turnover

Turnover represents the invoiced value of goods and services supplier by the company, net of value added tax and trade discounts.

1i GOING CONCERN

The Trustees have reviewed the financial position and note that as at 31 March 2021 the Society had net current assets of £106,471 and Capital and Reserves of £196,850. The Trustee's believe the Society can continue to operate effectively and meet its liabilities, due to the substantial reserves held. Therefore, the accounts have been prepared on a going concern basis.

2 PENSION CONTRIBUTIONS

Pension contributions	2021 2020 £ £ 975 471
	975 471

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

3 TANGIBLE FIXED ASSETS

Land Long Short and Leasehold Leasehold Buildings Properties Properties £ £ £ Cost at 01/04/2020 43,255 108,926 44,046 Additions at 31/03/2021 43,255 108,926 44,046 Depreciation at 01/04/2020 22,164 69,530 34,604 For the year 446 3,120 1,000 at 31/03/2021 22,610 72,650 35,604 Net Book Amounts At 31/03/2021 20,645 36,276 8,442 At 31/03/2020 21,091 39,396 9,442 4 DEBTORS Amounts falling due within one year	Land Long Short and Leasehold Leasehold Buildings Properties Properties £ £ £ 43,255 108,926 44,046	Fixture and Fittings TOTAL £ £ 129,400 325,627 0
	43,255 108,926 44,046	129,400 325,627
	22,164 69,530 34,604 446 3,120 1,000	99,610 225,908 4,774 9,340
	22,610 72,650 35,604	104,384 235,248
	20,645 36,276 8,442	25,016 90,379
	21,091 39,396 9,442	29,790 99,719
		2021 2020 £ £ 5,328 3,672
		5,328 3,672

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

5 CREDITORS FALLING DUE WITHIN ONE YEAR

5 CREDITORS FALLING DUE WITHIN ONE YEAR
Trade Creditors Taxation and Social Security Salaries Owed Other Creditors	2,021 2,020 £ £ 5,252 3,183 2,185 1,924 10,342 7,254 1,606 618
	19,385 12,979

6 LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up.

7 UNRESTRICTED FUNDS

General fund Designated funds	Brought Incoming Outgoing Carried Forward Resources Resources Transfers Forward £ c £ £ £ 177,973 207,239 ‐210,600 174,612 6,641 6,641
	184,614 207,239 ‐210,600 0 181,253

8 RESTRICTED FUNDS

8 RESTRICTED FUNDS
Restricted funds	Brought Incoming Outgoing Carried Forward Resources Resources Transfers Forward £ £ £ £ £ 15,597 15,597
	15,597 0 0 0 15,597

Registered number ‐ 00800583 Charity number ‐ 246998

Abbeyfield Wrexham Society Limited

EXPENSES FOR THE YEAR ENDED 31st MARCH 2021

Advertising Accountancy Travel and Entertainment Rates Heat and Light Rent Cleaning General Maintenance Care call Resident amenities Food Sub contractors Wages ‐ regular Pension contributions Training Equipment maintenance Gardening Health and Safety Audit Fees Legal Fees Insurance Postage PPE Stationary & Office Supplies Telephone Subscriptions Bank Charges Miscellaneous Expenditure Depreciation of land and buildings Depreciation of long leasehold properties Depreciation of short leasehold properties Depreciation of fixtures and fittings

2021 2020 £ £ 349 6,420 6,453 380 4,438 8,061 17,653 16,657 935 898 4,471 4,172 15,154 8,146 3,324 2,395 290 16,492 15,747 991 101,345 100,027 975 470 96 2,204 5,977 3,575 2,450 2,382 2,962 1,200 1,200 340 4,315 1,042 33 27 693 880 1,058 8,655 9,004 2,320 2,387 223 295 2,854 11,486 446 446 3,120 3,120 1,000 1,000 4,774 4,774

210,600 211,982