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