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 SocietIncome 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**|