2021-03-31-accounts

Page No.
2to 6	Report ofthe Executive Committee
7and 8	Independent Examiner's	Report
	Income and Expenditure	Account
10	Balance Sheet
11-17	Notes to the Financial Statements
18	Summary Hostel Property	Revenue Account
The following page does not form part ofthe audited financial statements.
	Detailed Hostel Property	Revenue Account

			2021		2020
				Return on		Return on
				Turnover		Turnover
			2		2
Turnover			151,643		147,698
Less:Operating costs			160,424		137,854
Operating Profit			(8,781)	4.79%	8,844	L88%
Other expenses- donation
interest receivable and slmller Furness Building Society Donations Received		income	62 2,927		134 8,446 871
Raffles
Grants Received
Surplus before tax			(123)	4.08%	19,294	13.06%
Taxation
Total comprehensive	Income	for the year	(123)		19,294
All amounts relate to	continuing	activities

						2021
Fixed Assele					8	2
Housing pmperties	st depreciated cost			10		299,811
&her lixed assets
Fixtures, 8ttlngs and equlpmsnt						25,422		26,862
						$25,23$		329,842
Current Asset Invesbsenla
Clwl&es Akl Foundation				12	170,347		135,$15
					170,347		135,915
Curnmt Assets
Get&are and prspaymsnm				13	$,418		2,855
Bulk&ng Society Account				14	20,923		21,20f
Cash at bank					21,466		24,621
					45,807
Current UabglNes
Crsdiiom: Amounts	faSng dae mthln one year			15	10,863		12,372
Net otlnenl lmssta						205,291
Dsfanml Incorlw rmt ef AmmttMIIcn:			Arllatrrds
faglng due whhln	mom than one year			16		82,884
Total Asmas Less	current	UablNNes				447,640		41$,$$$
Reserves
General Resenre				19		427,293		427,417
Revaluation Reserve				20		20,$47		(14,0&4)
						447/40		41&rÃO

								2021	2020
3.	Turnover							R	2
	Gnus rents receivable							154,747	150,900
	Less.'rent and service charge losses from voids							(10,890)	(10,025)
	Gmnts received							1,466
	Amorlisation ofDsfermd	Income						6,320	6,783
								151,643	147,690
4.	Housing Stock							Units In
								INsnsgement
								2021	2020
	Hostel accommodation:
	Number ofbed spaces -	residents						12	12
5.	Operating surplus
	Ops/sling deficil is stated	after charging:
	Independent Examiner's/Auditors'		remuneration					900	000
	Independent Examiner's/Auditors'		remuneration		-for non audit services
	Deprecis0on on fixtures 0Slings							6,044	5,705
	Depreciation on housing	properties						11,526	11,720
6.	Payment to Members, Committee			INembers,	Ofgcem etc
	No tee, remuneration orexpenses		sre paid to		any member or committee	member	ofthe Society,
	other than reimbursed expenses.
7.	Employees							2021	2020
								R	2
	Seltwies and wages							78,404	63,502
	Employers National Insurance costs							1,491	1,491
	Annual Employmsnt Allowance							(1,491)	(1,401)
								78.494	63,502
	Average weekly numbem	ofpersons		employed	during year:
	Hostel staff							0	5
8.	Interest recehmble snd rdmllar income							2021	2020
								R	2
	Building Society interest received							61	134
	Bank internet received
	Donations and Fundraising							2,927
	Friends ot Abbeyfieid (FBS)							1
								2,980	134

10.	Fixed Assets;	Fixed Assets;	SHG Assisted
	Housing,	Land 8 Bugdlngs	Schemes
			Leasehold
	Cost		2
	Al 31March	2020	484,448
	AddiTions		8,378
	At 31 March	2021	492,826
	ACCumulated	Depreciation
	At I April 2020		181,485
	Charge forthe year		11,529
	At 31 March	2021	193,014
	Net BookValue
	At 31 March	2021	299,812

							Annual
					Accumulated	Depmcktted	Depmclation	Useful
				Cost	Depreciation	Coat	Charge	Econmnic	Life
				2	2	2	2	2
External	Structure - leashold			160,000	33,939	126,060	1,616		99
Internal	Structure			143,149	58.900	84,249	2,863		50
External	WondowslExiemsl		Doors	57254	23,465	33,788	2,290		25
Kitchens				51,832	14,017	37,815	2,073		25
Bathmoms				40,591	27,589	13,002	1,624		25
Heating	System			10,000	10,000	0	500		20
Lift				30,000	25,100	4,900	1,200		25
				492,826	193,011	299.812	12,166
						Accumulated	Annual
					Total	Amortisstlon	Amortlsagon
					2	2
Social H	ousing	Grant			230,191	141,019	6.320

	Fixed Assets: Fixtures, Fittings	Fixed Assets: Fixtures, Fittings	8	Equipment		202'f	2020
	Cost					f	2
	At 1 April 2020					107,831	105,641
	Additions					4,584	2,190
	Dieposals
	At 31 March 2021					112,415	107,831
	Depreciation
	At 1 April 2020					80,949	75,154
	Charge for the year					6,044	5,795
	Disposals
	At 31 March 2021					86,993	80,949
	Net Book Value
	At 31 March 2021					25,422
	At 1 April 2020					26,882	30,487
	Current Asset Investment
	CAF					170,346	135,915
13.	Debtors and prepsyments due within one year
	Prepayments and accrued income					3,418	2,855
						2021	2020
14.	Current Asset Investments					f	f
	Furness Building Society					20,393	20,332
	FBS - Friends of Abbeyfield					802	826
						21,195	21,158
15.	Creditors: amounts	faging due within one year
	Trade Creditors					2,216	1,652
	Accruals and deferred income					1,855	3,389
	Taxation 8 Social Security					504	568
	Deferred Income net	of amorlisaticn				6,288	6,763
						10,863	12,372
	The average number	of days between		receipt and payment	of purchase	invoices is 14days.
16.	Creditors:amounts	falling due after		one year
	Deferred income net	of amoriisaton	(note 16)			82,884	88,729

Social housing snd	other government	other government	grants	grants
Gross grant cmdltor
As st 1 April 2020					23fhfgf
Amorthmgon
At 1 April 2020					I34,699
Credit for the year					6,320
As at 31st Mar 2021					141,019
Nst grerd creditor
Asat S1 Mar 2021					89,172
The grants are amorlised as follows:-
Amounts falling due:
within ons year or less (note 14)					6,288
Between one and sso years					6,288
Between two and five	years				18264
In five or more years					57,732
Total Grant Creditor					89,172
Faglng due in more than one year (Nolo 16)					SL684
Share Capital
The company is limited by guarantee		and	ihsrefore does		nol have a share capital.
There are five rcembers.
General Resenms					Total
					2
Al 31 March 2020					427,417
Prior Year Ad)					0
Tofal comprehensive	income for the year				(123)
At S1 March 2021					427,29S
Revaluation Resenms					Total
					2
At31 March 2020					(14,084)
Movement					34,431
At31 March 2021					SIL347
CspBal Commitments
Capital expenditure that hae been contracted				for but hss not bees provided for in
the fin arelai statemerris:
Leasehold Improvements

						2021	2020
						f	2
						52weeks	52weeks
Turnover from		lettings		- Hostel	accomodation:
Rents						32,207	31,291
Service charges						122,540	119,669
Amortisation	of	Deferred		Income		6,320	6,763
						1611067	157,723
Grants received						1,466
Less: Rent	losses from			voids		(10,690)	(10,025)
						151,643	147,698
Operating Costs from			Lettings
Hostel accomodation			(11units)
Services						129,051	110,138
Management						14,534	14,385
Repairs and	maintenance					16,839	13,331
						160,424	137,854
Hostel property		revenue		operating	(loss)/profit	(8,781)	9,844

						Variance	%Variance
Income
Residential Charges				151,920	'l47,600	4,320	2.9%
Lasses arising from vacancies &absences				(10,890)	(10,025)	(865)	8.6%
Laundry Income				2.827	3,360	(533)	-15.9%
Gmnt Income				1,466
Amortlsatlon ofdefened	Income			6,320	6,763	(443)	-6.6%
Turnover ~ net Income	hom residents'		charges	151I843	147y698	3,945	2.7%a
Expend bure
Management expenses
Telephone - administration				899	969	70	7.2%
Computers &Boftwam				1,355	732	(623)	-85.11o
Insurance				2,'f73	1,950	(223)	-11A%
Alfilialon Fees				3,812	3,914	102	2.6%
Audit and Accountancy				3,508	3,206	(302)	-9.4'/o
Legal and Professional				373	68	(305)	-448.5%
Sundry Expenses				1,686	2,730	1.044	38.2%
Postage and Btaaonery				407	669	282	39.2%
Bank Charges				121	97	(24)	-24.7%
Donations				200	50	(150)	400.0%
				14434	14,385	(149)	-1.0%
Repairs and maintenance
Day tc day repairs				16,839	13,331	(3,508)	-26.3%
SSNlcs Costs
Care snd catering
Food				17,086	14,842	(2.244)	-15.1%
Cleaning &Laundry				2.953	2,771	(182)	-68%
Wages				78,494	63,582	(14,912)	-23.5%
Rates and Water				4,151	3,477	(874)	-19.4%
Hest and Light				5,634	7,794	(840)	-10.8%
Television Licences				163	157	(6)	-3.8%
Depreciation - Property				11,526	11,720	194	1.7%
Depreciation -Furniture	&Fittings			6.044	5,795	{249)	-4.3%
				128,051	110,138	(1fhata)	-17.2%
Operating costa				I60,424	137,854	(22ol70)	-16.4%
Hostel properly revenue operating		profit		(5,781)	9AM4	(16,825)	-189.2%