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





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||||2021||2020||
|---|---|---|---|---|---|---|
|||||Return on||Return on|
|||||Turnover||Turnover|
||||2||2||
|Turnover|||151,643||147,698||
|Less:Operating costs|||160,424||137,854||
|Operating<br>Profit|||(8,781)|4.79%|8,844|L88%|
|Other expenses- donation|||||||
|interest receivable and slmller <br>Furness<br>Building Society<br>Donations Received||income|62<br>2,927||134<br>8,446<br>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<br>relate to|continuing|activities|||||






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|||||||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<br>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<br>Reserve||||20||20,$47||(14,0&4)|
|||||||447/40||41&rÃO|







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|||||||||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<br>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<br>surplus|||||||||
||Ops/sling<br>deficil is stated|after charging:||||||||
||Independent<br>Examiner's/Auditors'||remuneration|||||900|000|
||Independent<br>Examiner's/Auditors'||remuneration||-for non audit services|||||
||Deprecis0on on fixtures 0Slings|||||||6,044|5,705|
||Depreciation<br>on housing|properties||||||11,526|11,720|
|6.|Payment to Members, Committee|||INembers,|Ofgcem etc|||||
||No tee, remuneration<br>orexpenses||sre paid to||any member or committee|member|ofthe Society,|||
||other than reimbursed<br>expenses.|||||||||
|7.|Employees|||||||2021|2020|
|||||||||R|2|
||Seltwies and wages|||||||78,404|63,502|
||Employers<br>National<br>Insurance costs|||||||1,491|1,491|
||Annual<br>Employmsnt<br>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<br>and Fundraising|||||||2,927||
||Friends ot Abbeyfieid (FBS)|||||||1||
|||||||||2,980|134|





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|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|||





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||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<br>due within one year|||||||
||Prepayments<br>and accrued income|||||3,418|2,855|
|||||||2021|2020|
|14.|Current Asset Investments|||||f|f|
||Furness<br>Building Society|||||20,393|20,332|
||FBS - Friends of Abbeyfield|||||802|826|
|||||||21,195|21,158|
|15.|Creditors:<br>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|





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|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<br>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<br>Resenms|||||Total|
||||||2|
|At31 March 2020|||||(14,084)|
|Movement|||||34,431|
|At31 March 2021|||||SIL347|
|CspBal Commitments||||||
|Capital expenditure<br>that hae been contracted||||for but hss not bees provided for in||
|the fin arelai statemerris:||||||
|Leasehold<br>Improvements||||||



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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f|2|
|||||||52weeks|52weeks|
|Turnover<br>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<br>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|





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|||||||Variance|%Variance|
|---|---|---|---|---|---|---|---|
|Income||||||||
|Residential<br>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<br>ofdefened|Income|||6,320|6,763|(443)|-6.6%|
|Turnover<br>~ net Income|hom residents'||charges|151I843|147y698|3,945|2.7%a|
|Expend<br>bure||||||||
|Management<br>expenses||||||||
|Telephone - administration||||899|969|70|7.2%|
|Computers<br>&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<br>&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<br>- Property||||11,526|11,720|194|1.7%|
|Depreciation<br>-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%|