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|2 to 6|Report ofthe Executive Committee|Report ofthe Executive Committee|
|---|---|---|
||Report of the Chairperson||
|Bandg|Independent
Examiner's|Report|
|10|income and Expenditure|Account|
||Balance Sheet||
|12-18|Notes to the Financial Statements||
|19|Summary
Hostel Properly|Revenue Account|
|The following|page does not form part of the audited
financial statements.||
|20|Detailed Hostel Property|Reveriue Account|
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||||Notes||2023||2022|
|---|---|---|---|---|---|---|---|
|Ftxed Assets||||2|2|2|2|
|Housmg
properties
al depreciated cost|||10||301,737||314,937|
|Giber lixed assets||||||||
|Fixtures, finings and|equipmsnt||||21,254||21,059|
||||||322,981||335,996|
|Current Asset Investments||||||||
|Charlhss
Aid Foundation||||173,509||179,591||
|||||I73,508||i78,591||
|Current Assets||||||||
|Debtors and prepaymsnts|||13|5,057||4,340||
|Building Society Account|||14|21,427||21,043||
|Cash at bank||||14,997||14,723||
|||||4'f,481||40,106||
|current Llablglles||||||||
|crsdilonb
Amourrfs|railing dus wiriiin oneyesr||15|12,346||12,728||
|Net current assets|||||202,642|||
|Lon9 term liabilities||||||||
|Cmdilorsr
Amounrs|failing due over one year||16||70,311|||
|Total Assele Less current||Liabilities|||455,322|||
|Reserves||||||||
|General Reserve|||18||431,613||436,772|
|Revaluation
Reserve|||20||23.509||28,591|
||||||455,S22||466,36S|
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|useful
lives from the date of purch|useful
lives from the date of purch|ased/build
as fo|
|---|---|---|
|Component
Type||Useful Life|
|External|Structure Leasehold|99Years|
|Internal|Structure|50Years|
|External|Structure|25 Years|
|External|Windows/Doors|26 Years|
|Kitchens||25Years|
|Bathrooms||25 Years|
|Heating
Lift|System|20 Years
25Years|
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|||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|3.|Turnover||||||||||
||Gross rents receivable|||||||168,824||154,113|
||Less: rent and service charge||lasses||from voids|||(3,190)||(2,335)|
||Grants received|||||||||8,408|
||Amortisation
of Deterred|Income||||||6,288||6,285|
|||||||||171,922||166,471|
|4.|Housing Slock||||||||Units ln||
||||||||||Management||
|||||||||2023||2022|
||Hostel accommodation:||||||||||
||Number
of bed spaces -|residents||||||12||12|
|5.|Operating
(deflet!)/surplus||||||||||
|||||||||2023||2022|
||Operating
{deficit)/surplus|is stated||after charging:||||8||2|
||Independent
Examiner's/Auditors'|||remuneration||||900||900|
||Depreciation
on fixtures|& fittings||||||5,704||6,059|
||Depreciation
on housmg|properties||||||'I3,631||12,417|
|6.|Payment to Members, Commiuee||||Members,|Officers etc|||||
||No fee, remuneration
or|expenses||are paid to any member or coinmittee|||member of the Society,||||
||other than reimbursed
expenses.||||||||||
|7.|Employees|||||||2023||2022|
|||||||||||2|
||Salaries and wages|||||||81,716||78,669|
||Employers
National
insurance||costs|||||3,496||2,370|
||Annual
Employment
Allowance|||||||(3,496)||(2,370)|
|||||||||81,716||78,669|
||Average
weekly numbers|of persons|||employed|during year:||2023||2022|
||Hostel staff|||||||5||5|
|8.|Interest receivable and|similar income||||||2023||2022|
||Build'mg Society interest|reoeived||||||128||61|
||Donations
and Fundraising|||||||700||750|
||Friends ol Abbeykeld (FSS)|||||||4|||
|||||||||832||812|
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|10.|Fixed Assets:|SHG Assiststi|
|---|---|---|
||Housing, land 8 Buildings|Schemes|
|||Leasehold|
||Cost||
||At 31 March 2022|520,368|
||Addil tons|432|
||Al 31 March 2023|520,800|
||Accumulated
Depreciation||
||AI 1 April 2022|205,43'I|
||Charge for the year|13.631|
||Ai 31 March 2023|219,062|
||Net Book Vatue||
||Al 31 March 2023|301,738|
|||||||||Annual|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Accumulated|Depreciated|Depreciation|Ifseful||
||||||Cost|Depreciation
'2|Cost
2|Charge
2|Economic
'2|I.ifs|
|Exterrlal Structure
-leashold
internal
Slruc'lure
External
Wondows/External
IGchens
Bathrooms
Heating System
i.iii||||Doors|160,000
143,150
57.254
56,008
41,023
13,785
49,580|37,172
64,626
28,045
18,441
30,849
I1,002
28,927|'I22,828
78,525
29,209
37,567
10,173
2,783
20,653|1,616
2,863
2,290
2,240
1,641
689
1,983||99
50
25
25
25
20
25|
||||||520,800|219,062|301,736|13,323|||
||||||||Accumulated|Annual|||
|||||||Totlrl|Anlortlsslloa|Anlonhlstlon|||
|||||||2|E|E|||
|Social Housing||Grant||||230 191|153592|6,286|||
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||Bxed Assets: Fixtures, Rnfngs 3Equipment
Cost
At 1 April 2022
Additions|Bxed Assets: Fixtures, Rnfngs 3Equipment
Cost
At 1 April 2022
Additions||2023
E
1'I4,112
5,899|2022
112,415
1,697|
|---|---|---|---|---|---|
||Disposala|||||
||At 31 March 2023|||120,011|114,112|
||Depreclatian
At 1 April 2022
Charge for the year|||93,053
5,704|86,993
e,060|
||D&sposals|||||
||At 31 March 2023|||98,757|93,053|
||Net Bosh Value
At 3l March 2023|||zf~|21,059|
||Al I April 2022|||21,059|25,422|
|||||2023|2022|
|12.|Current Asset investment
CAF|||E
173,509|179,591|
|||||2023|2022|
|13.|Debtors snd prepsyments
due within one year
Prepayments
and accrued income|||E
5,057|2
4,340|
|||||2023|2022|
|14.|Current Asset investments
Furness
Building Society
FBS - Friends of Abbeyf laid|||E
20.552
914|2
20,423
620|
|||||21,466|21,043|
|||||2023|2022|
|15.|Credltars:
amounts
falling due wllhln one year
Trade Creditors
Accruals snd defened income
Tsxatlon 3 Social Security
Deferred Income nst of amortisatfon|||2
4,090
1,874
96
6,288|E
4,323
1,590
530
e,zse|
|||||12,34S|12&728|
||The average
number
ol days between recept and paymenl||of purchase|Invoices Is 14days.||
|||||2023|2022|
||Credllars: amounts
fahlng due atter ane year
Deferred income net of amorbsaton|||E
70,311|E
89,172|
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|17.|Social housing and other government|Social housing and other government|grants|grants|||||
|---|---|---|---|---|---|---|---|---|
||Gross grant creditor
As at I Apr8 2022||||23D,191||||
||Amortlsatlon||||||||
||At 1 April 2021||||147,3D4||||
||Credit for the year||||6,288||||
||As at 31st Mar 2023||||153,592||||
||Het grant creditor
AS at 31 Mar 2023||||76,588||||
||Ths grants are arcomsed ax toycwsh||||||||
||Amounts
falling due:
within oce year or less (note 14)
Between one and two years||and||8,285
6,285||||
||BetWeen hxo and fiVe yeara
In five or more years||||18,855
45,174||||
||Total Grant Creditor||||76,589||||
||Faglng due In mars than one year (Hole 16)||||70,314||||
|18.|Btirlre cap Bat
The company
is lirmted|by guarantee|(herefora does not have a share capital.||||||
||There are live members.||||||||
||Genera! Reserves||||Total||||
||||||2||||
||At 31 March 2022||||436,773||||
||Pnor Year Ad)||||||||
||Total comprehensive
income tor the year||||(4,960)||||
||At 31 March 2023||||431,813||||
|20.|Revaluation
Reserves||||Total||||
||||||2||||
||At 31 March 2022||||29.591||||
||MOve mam||||(6,082)||||
||At 31 March 2023||||||||
|21.|Capital Commitments
Capital expenditure
that|has been contracted||)or but has nol been provided||tor in|2028|2022|
||the fin anC ial
Slatementa:||||||||
||Leasehold
Improvements||||||||
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||2|8|
|||||||52weeks|52weeks|
|Turnover from||Iettings||- Hostel|accomodation:|||
|Rents||||||31,291|31,291|
|Service charges||||||119,669|119,669|
|Amortisation|of|Deferred||income||6,288|6,285|
|||||||157,248|157,245|
|Less: Rent|losses from|||voids||(3,190)|(2,335)|
|||||||154,058|154„910|
|Operating
Costs from|||Lettings|||||
|Hostel accomodation|||(12units)|||||
|Services||||||147,582|137,184|
|Management||||||16,408|15,607|
|Repairs and|maintenance|||||14,427|14,171|
|||||||178,417|166,962|
|Hostel property||revenue||operating|profit|(24,359)|(12,052)|
##
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|||||||2023|2022|Variance %Variance|Variance %Variance|
|---|---|---|---|---|---|---|---|---|---|
|Income|||||||E|||
|Residential
Charges||||||165,600|149,992|15,608|10 4o/|
|Losses arising
froin vacancies|||&absences|||(3,I90)|(2,335)|(855)|36.6'/|
|Laundry
Income||||||3,224|4,f21|(897)|-21.8%|
|Grant Income|||||||8,408|(8,408)|-100.0/o|
|Amcnisation
of deferred||Income||||6,288|6,285||0 0'/|
|Turnover - net Income|from||residents'||charges|171,922|166,471|5,461|3 3'/o|
|Expenditure||||||||||
|Management
expenses||||||||||
|Telephone
- administration||||||1 094|936|(158)|-'IS9'/|
|Computers
&Software||||||1,843|'l,790|(53)|-3 Oo/o|
|Insurance||||||2,957|2,656|(30'I)|.11.3%|
|Affiliation Fess||||||4,170|3,847|(323)|-84'/|
|Audit and Accountancy||||||4,083|3,461|(622)|-180'/|
|Legal and Piofessiciiai||||||53|273|220|80.6'/.|
|Sundry Expenses||||||1,774|2,045|27'I|'I33%|
|Postage and Stationery||||||294|462|168|36.4%|
|Bank Charges||||||f10|112|2|1 8'/|
|Donations||||||30|25|(5)|-20.0%|
|||||||16)408|15~607|(801)|-5 1o/|
|Repairs and matnlenance||||||||||
|Day to day repairs||||||14,427|14,171|(256)|-1.8%|
|Service Costs||||||||||
|Care and catering||||||||||
|Food||||||20,428|19,585|(843)|-4.3%|
|Cleaning
&Laundry||||||3,421|2,523|(798)|-30.4%|
|Wages||||||81,716|78,669|(3,047)|-3.9%|
|Rates and Water||||||4,441|4,866|425|8.7%|
|Heat and Light||||||14,072|9,822|(4,250)|-43.3%|
|Teiewsion Licencss||||||159|165|6|3.6%|
|Mcrecainbs
Bay Group||||||4010|2,978|(1,032)|-34,7'/|
|Depreciation - Property||||||13,631|'I2,417|(1,214)|-98'/|
|DeprscialiOn
- Furniture|&FittingS|||||5,704|6,059|355|59%|
|||||||147,582|137,184|(10,398)|-7.6%|
|Operating costs||||||178,417|166,962|(11,455)|-6.9%|
|Hostel property
revenue||operating||profit||(6,495)|(491)|(6,004)|1222.8%|