Registered number - 00800583 Charity number - 246998
Abbeyfield Wrexham Society Limited Financial Statements For the Year Ended 31st March 2022 TRUSTEES Mrs A W Davies Mr G Smith 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 2022
CONTENTS
Report of the Trustees
Independent Examiner's Statement
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
Detailed Statement of Financial Activities
Registered number - 00800583 Charity number - 246998
Abbeyfield Wrexham Society Limited
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2022
| 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 2022 2021 Funds Funds Total Total £ £ £ £ 5,250 5,250 0 10 10 74 138,988 138,988 192,961 2,342 2,342 14,204 |
|---|---|
| 146,590 0 146,590 207,239 |
|
| 194,735 194,735 210,600 |
|
| 194,735 0 194,735 210,600 |
|
| -48,145 0 -48,145 -3,361 |
|
| -48,145 0 -48,145 -3,361 0 |
|
| -48,145 0 -48,145 -3,361 |
This 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 2022
| 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 |
2022 2021 £ £ 81,039 90,379 6,987 5,328 74,424 120,528 |
|---|---|
| 81,411 125,856 13,745 19,385 67,666 106,471 148,705 196,850 126,467 174,612 6,641 6,641 15,597 15,597 |
|
| 148,705 196,850 |
For the year ending 31st March 2022 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 09th November 2022 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 2022
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 2022 the Society had net current assets of £67,666 and Capital and Reserves of £148,705. While the Society made a loss in the year ended 31st March 22, that is attributed to the closure of Beechley Road house. The sale of this property was completed after the year end for £505,000 which significantly improves the Societies Capital and Reserves as well as enabling it to run at a surplus but also gives The Trustee's firm belief the Society can continue to operate effectively and meet its liabilities as a going concern Therefore, the accounts have been prepared on a going concern basis.
2 PENSION CONTRIBUTIONS
| Pension contributions | 2022 2021 £ £ 1794 975 |
|---|---|
| 1794 975 |
Registered number - 00800583 Charity number - 246998
Abbeyfield Wrexham Society Limited
3 TANGIBLE FIXED ASSETS
| Land | Long | Short | Fixture | ||
|---|---|---|---|---|---|
| and | Leasehold | Leasehold | and | ||
| Buildings | Properties | Properties | Fittings | TOTAL | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| at 01/04/2021 | 43,255 | 108,926 | 44,046 | 129,400 | 325,627 |
| Additions | 0 | ||||
| at 31/03/2022 | 43,255 | 108,926 | 44,046 | 129,400 | 325,627 |
| Depreciation | |||||
| at 01/04/2021 | 22,610 | 72,650 | 35,604 | 104,384 | 235,248 |
| For the year | 446 | 3,120 | 1,000 | 4,774 | 9,340 |
| at 31/03/2022 | 23,056 | 75,770 | 36,604 | 109,158 | 244,588 |
| Net Book Amounts | |||||
| At 31/03/2022 | 20,199 | 33,156 | 7,442 | 20,242 | 81,039 |
| At 31/03/2021 | 20,645 | 36,276 | 8,442 | 25,016 | 90,379 |
| 4 DEBTORS | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Amounts falling due within one year | 6,987 | 5,328 | |||
| 6,987 | 5,328 |
Registered number - 00800583 Charity number - 246998
Abbeyfield Wrexham Society Limited
5 CREDITORS FALLING DUE WITHIN ONE YEAR
| Trade Creditors Taxation and Social Security Salaries Owed Pensions Other Creditors |
2022 2021 £ £ 4,844 5,252 1,600 2,185 3,227 10,342 723 3,351 1,606 |
|---|---|
| 13,745 19,385 |
6 LIMITED BY GUARANTEE
The company is limited by guarantee and does not have any share capital. Each member gives a guarante to contribute a sum not exceeding £1, to the company should it be wound up.
7 UNRESTRICTED FUNDS
| General fund Designated funds 8 RESTRICTED FUNDS Restricted funds |
Brought Incoming Outgoing Carried Forward Resources Resources Transfers Forward £ c £ £ £ 174,612 146,590 -194,735 126,467 6,641 6,641 |
|---|---|
| 181,253 146,590 -194,735 0 133,108 |
|
| 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 2022
| Accountancy Travel and Entertainment Rates Heat and Light Rent Cleaning General Maintenance Care call Food Home Loss Payments Wages - regular Pension contributions Redundancy 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 |
2022 2021 £ £ 6,434 6,420 200 380 4,616 4,438 18,493 17,653 823 935 2,797 4,471 5,144 15,154 2,684 3,324 13,044 16,492 3,000 81,239 101,345 1,794 975 15,053 342 2,594 2,204 3,235 3,575 2,382 2,382 1,200 1,200 340 4,922 4,315 4 33 122 693 457 880 10,552 8,655 2,127 2,320 299 223 1,837 2,854 446 446 3,120 3,120 1,000 1,000 4,774 4,774 |
|---|---|
| 194,735 210,600 |
Registered number- 00800583 Charity number- 246998 Abbeyfield Wrexham Society Limited