2022-03-31-accounts - The Abbeyfield Barrow In Furness Society Limited

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Page No.
2to6	Report ofthe Executive Committee
	Report of the Chairperson
Band 9	Independent Examiner's	Report
10	Income and Expenditure	Account
	Balance Sheet
12-18	Notes to the Financial Statements
19	Summary Hostel Property	Revenue Account
The following	page does not form part ofthe audited financial statements.
20	Detailed Hostel Property	Revenue Account

							2022	2021
3.	Turnover						2	8
	Gross rents receivable						162,521	154,747
	Less: rent and service charge losses from voids						(2,335)	(10,890)
	Grams received							1,466
	Arnortisation of Deferred	Income					6,285	6,320
							166,471	151,643
4.	Housing Stock						Units in
							Management
							2022	2021
	Hostel accommodation:
	Number of bed spaces -	residents					12	12
5.	Operating surplus
	Operating deficit is stated	after charging:
	Independent Examiner's/Auditors'		remuneration				900	900
	Independent Examiner's/Auditors'		remuneration		-for non audit services
	Depreciation on fixtures 8fitlings						6,059	6,044
	Depreciation on housing	properties					12,417	11,526
6.	Payment to Members, Committee			Members,	Officers etc
	No fee, remuneration orexpenses		are paid to		any member or committee	member of the Society,
	other than reimbursed expenses.
7.	Employees						2022	2021
	Salaries and wages						78,669	78,494
	Employers National insurance costs						2,370	1,491
	Annual Employment Allowance						(2,370)	(1,491)
							78,669	78,494
	Average weekly numbem	of persons		employed	during year:
	Hostel staff						5	5
8.	Interest receivable and similar income						2022	2021
							2	9
	Building Society interest received						61	61
	Bank interest received
	Donations and Fundraising						750	2,927
	Friends of Abbeyfield (FBS)						1	1
							812	2,989
9.	Interest payable and similar charges
	No interest has been paid	in the year.

Fixed Assets:	Fixed Assets:	SHG Assisted
Housing,	Land 8 Bugdlngs	Schemes
		Leasehold
Cost		f
At 31 March	2021	492,826
Additions		27,542
At 31 March	2022	520,368
Accumulated	Depreciation
At 1 April 2021		193,015
Charge for the year		12,416
At 31 March	2022	205,431
Net Book Value
At 31 March	2022	314,937

	Fixed Assets: Fixtures, Fittings	Fixed Assets: Fixtures, Fittings	Fixed Assets: Fixtures, Fittings	&	Equipment		2022	2021
	Cost						f	2
	At 1 April 2021						112,415	107,831
	Additions						1,697	4,584
	Disposals
	At 31 March 2022						114,112	112,415
	Depreciation
	At 1 April 2021						86,993	80,949
	Charge for the year						6,060	6,044
	Disposals
	At 31 March 2022						93,053	86,993
	Net Book Value
	At 31 March 2022						21,059	251422
	At 1 April 2021						25,422	26,882
12.	Current Asset Investment
	CAF						179,591	170,346
13.	Debtors and prepayments due within one year
	Prepayments and accrued income						4,340	3,418
							2022	2021
	Current Asset Investments
	Furness Building Society						20,423	20,393
	FBS - Friends of Abbeyfield						620	802
							21,043	21,195
15.	Creditors: amounts		falling due within one year
	Trade Creditors						4,323	2,216
	Accruals and deferred		income				1,590	1,855
	Taxation &Social Security						530	504
	Deferred Income net		of amortisation				6,285	6,288
							12,728	10,863
	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 amortisaton		(note 16)			76,602	89,172

Social housing and	other government grants	other government grants
Gross grant creditor
Asat1 April2021			230,191
Amortisatlon
At 1 April 2021			141,019
Credit forthe year			6,285
As at31st Mar 2022			147,304
Net grant cmditor
As at 31 Mar 2022			82,887
The grants are arnortised as follows:-
Amounts falling due:
Within one year or less (note 14)			6,285
Between one and two years			6,285
Between two and five	years		18,855
In five or more years			51,462
Total Grant Creditor			82S87
Faglng due In more	than one year (Note 16)		76,602
Share Capital
The company is limited by guarantee		and therefore does	not have a share capitaL
There are five members.
General Reserves			Total
At 31 Mamh 2021			427,369
Prior Year Ad)			0
Total comprehensive	income forthe year		9,479
At31 March 2022
Revaluation Reserves			Total
			f
At31 March 2021			20,347
Movement			9,244
At 31 March 2022			29,591
Capital Commitments
Capital expenditure that has been contracted for but has not been provided for in				2022	2021
the financial statements:
Leasehold Improvements

					2022		Variance %Variance	Variance %Variance
Income					f
Residential Charges					158,400	151,920	6,480	4.3%
Losses arising from vacancies			&absences		(2,335)	(10,890)	8,555	-786'/
Laundry Income					4,121	2,827	1,294	45.8%%uo
Grant Income						1,466	(1,466)	-100.0'Yo
Amortisation ofdeferred		Income			6,285	6,320	(35)	-0.6%
Turnover - net income	from		residents' charges		166/Iyf	151,643	14,828	9.8%
Expenditure
Management expenms
Telephone - administration					936	899	(37)	-4 1%
Computers & Software					1,790	1,355	(435)	-32.1'Yo
Insurance					2,656	2,173	(483)	22 2%
Affiliation Fees					3,847	3,812	(35)	-0.9%
Audit and Accountancy					3,461	3,508	47	1.3'/o
Legal and Professional					273	373	100	26.8%
Sundry Expenses					2,045	1,686	(359)	-21.3%
Postage and Stationery					462	407	(55)	-13.5%
Bank Charges					112	121	9	74%
Donations					25	200	175	875%
					15)607	14y534	(1,073)	-7.4%
Repairs and maintenance
Day to day repairs					14,171	16,839	2,668	15.8'Yo
Service Costs
Care and catering
Food					19,585	17,086	(2,499)	-14.6%
Cleaning &Laundry					2,623	2,953	330	11.2%
Wages					78,669	78,494	(175)	-0.2%
Rates and Water					4,866	4,151	(715)	-17.2%%uo
Heat and Light					9,822	8,634	(1,188)	-13.8%%uo
Television Licencss					165	163	(2)	-1.2'/o
Morecambe Bay Group					2,978		(2,978)	1000%
Depreciation - Property					12,417	11,526	(891)	-7.7%%uo
Depreciation - Furniture	& Fittings				6,059	6,044	(I5)	-0.2'Yo
					137,184	129,051	(8,133)	-6.3%
Operating costs					166,961	160,424	(6,537)	-4.1%
Hostel property revenue		operating		profit	(490)	(8,781)	8,291	-94A%