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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|
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||||||||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.|||||||
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|10.|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|
||||||||Annual|||
|---|---|---|---|---|---|---|---|---|---|
||||||Accumulated|Depreciated|Depreciation|Useful||
|||||Costf|Depreciation
f|Cost
f|Charge
f|Economic
f|Life|
|External|Structure - leasehold|||160,000|35,556|124,443|1,616||99|
|Internal|Structure|||143,149|61,763|81,386|2,863||50|
|External|WindowsiExternal||Doors|57,254|25,755|31,498|2,290||25|
|Kitchens||||56.OO8|16,201|39,807|2,240||25|
|Bathrooms||||40,591|29,213|11,378|1,624||25|
|Heating|System|||13,786|10,000|3.786|689||20|
|Lift||||49,580|26,944|22,636|1,983||25|
|||||520,368|205,431|314,934|13,306|||
|||||||Accumulated|Annual|||
||||||Total|Amortisatlon|Amortisation|||
|||||||f|f|||
|Social Housing||Grant|||230,191|147304|6,285|||
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||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|
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|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||||||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||2|2|
|||||||52weeks|52weeks|
|Turnover from||lettings||- Hostel|accomodation:|||
|Rents||||||31,291|32,207|
|Service charges||||||119,669|122,540|
|Amortisation|of|Deferred||Income||6,285|6,320|
|||||||157,245|161,067|
|Less: Rent|losses from|||voids||(2,335)|(10,890)|
|||||||154,910|150,177|
|Operating
Costs from|||Lettings|||||
|Hostel accomodation|||(12units)|||||
|Services||||||137,184|129,051|
|Management||||||15,607|14,534|
|Repairs and|maintenance|||||14,171|16,839|
|||||||166,961|160,424|
|Hostel property||revenue||operating|profit|(12,051)|(10,247)|
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||||||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%|