Good morning from Chairman
Thanks to MC welcome CW first AGM
Minutes annual AGM 2[nd] December – all signed as accurate by DNL
DNL read Chairman statement
Treasure report
Thanks to ACM for supporting SC, thanks to SC and volunteers in particular the garden. Grateful to fellow trustees, in particular DNL and to CW to joining the society.
Report – page 5 double negative from independent examiner, endorsement of the accounts. ACM confirmed all is well. 2021 difficult year for variety of reason a £18k loss, improve for 2021/2022 £23k surplus, income was stronger and spent less money. Occupancy isn’t a given , so takes a lot of work to enable full occupancy. Incredible improvement on last year.
Expenditure – payroll, more occupancy hasn’t increased wages too much, Overall budget value, is key. Sufficient staffing to support residents.
Refurbishment – high costs in previous year, repairs and maintenance much less. Utilities have not been an immeadiate issue due to contracts, 17% increase but £2,600 not a huge concern. Extra professional fees due to a dispute with a member of staff. Staff reviews ensure that less unexpected issues with staffing.
£22, 735 remarkable result in surplus 2022/2023 £15k surplus so far – forecast to ACM has improved since sending.
As a result, ended up in the year £144k in the bank, balance £179k. Addressing bigger items such as the lift will cause impact on finances. Encourage CW in the re investment of the building, attractive, families are staying in good quality.
XERO huge benefit to SC and ACM higher initial costs from ACM due to support in setting up XERO
Support given to KM thankful
Redevelopment fund – Woodstock house – implication – use of money Sold Woodstock off, we didn’t use the capital for rebuild of NFC, redevelopment fund historically –
ACM – reserve fund, present premises needed work or expanding it, cant be just used for the general running of the society. Use for the lift in the future? ACM need to review details of the money.
DAL – policy on what those funds should be used for – house being sold, would those funds be used for protection /insurance policy. Reserves policy, 3 months of expenditure.
All societies should aim for 5% surplus every year – makes sense to keep reserve. Not for profit and not for loss. Basic approach, not let the reserves - should be established as a policy . Valuation of the property discussion
Any questions on finance
Report by house manager – all received and confirmed
Signed off accounts produced by ACM
KM submitted resignation with great regret accept Over the years 2 treasurers Peter Knott saw through development and Km joined 10 years keeping us on straight and narrow, common sense, in helping DNL and HM.
Thank you for all that you have done, both treasurers have been rotary friends.
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Appoint volunteer treasure and trustee
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Nominate Colin Weeks
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Accepted
-
2 re appointments
Rosemary Harris – thank to advice on David Allwright
Re appointed
Propose current chair Assuming he is willing to take it on, best of health recently. Covid intervened.
Happy to be re elected – replacement as chairman during 2023.
David Lewis Vice chair – temporary replacement should an issue One more year as Vice – accepted.
Treasure – I would like to propose CW as the new treasure – accepted Sam Corrie – company sec -nominated approved
Appointment of independent examiners so that would re appoint ACM by CW
Thank you to Mike and all the team.
AOB – AGM closed 10.35am
Budget Variance
Abbeyfield Taunton Defendamus Society For the year ended 30 June 2022
| For the year ended 30 June 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 OVERALL BUDGET |
VARIANCE | VARIANCE % | 2022 | 2022 OVERALL BUDGET |
VARIANCE | VARIANCE % | |
| Trading Income | ||||||||
| Donation & grants | 1,100.00 | - | 1,100.00 | - | 1,100.00 | - | 1,100.00 | - |
| Flat 39 | 22,352.52 | 22,225.00 | 127.52 | 0.57% | 22,352.52 | 22,225.00 | 127.52 | 0.57% |
| Flat 41 | 21,153.12 | 21,032.00 | 121.12 | 0.58% | 21,153.12 | 21,032.00 | 121.12 | 0.58% |
| Flat 42 | 24,222.60 | 24,083.00 | 139.60 | 0.58% | 24,222.60 | 24,083.00 | 139.60 | 0.58% |
| Flat 43 | 24,222.60 | 24,083.00 | 139.60 | 0.58% | 24,222.60 | 24,083.00 | 139.60 | 0.58% |
| Flat 44 | 21,153.12 | 21,032.00 | 121.12 | 0.58% | 21,153.12 | 21,032.00 | 121.12 | 0.58% |
| Flat 45 | 21,153.12 | 21,032.00 | 121.12 | 0.58% | 21,153.12 | 21,032.00 | 121.12 | 0.58% |
| Flat 46 | 21,153.12 | 21,032.00 | 121.12 | 0.58% | 21,153.12 | 21,032.00 | 121.12 | 0.58% |
| Flat 47 | 27,809.04 | 27,650.00 | 159.04 | 0.58% | 27,809.04 | 27,650.00 | 159.04 | 0.58% |
| Flat 48 | 21,153.12 | 21,032.00 | 121.12 | 0.58% | 21,153.12 | 21,032.00 | 121.12 | 0.58% |
| Flat 49 | 21,153.12 | 21,032.00 | 121.12 | 0.58% | 21,153.12 | 21,032.00 | 121.12 | 0.58% |
| Flat 50 | 24,222.60 | 22,312.00 | 1,910.60 | 8.56% | 24,222.60 | 22,312.00 | 1,910.60 | 8.56% |
| Flat Vacancy for budget purposes only | (6,103.08) | (2,270.00) | (3,833.08) | -168.86% | (6,103.08) | (2,270.00) | (3,833.08) | -168.86% |
| Interest receivable (EXECUTIVE COMMITTEE - Income) | 17.30 | - | 17.30 | - | 17.30 | - | 17.30 | - |
| Residents' charges receivable | 104.13 | - | 104.13 | - | 104.13 | - | 104.13 | - |
| Total Trading Income | 244,866.43 | 244,275.00 | 591.43 | 0.24% | 244,866.43 | 244,275.00 | 591.43 | 0.24% |
Cost of Sales
Abbeyfield Taunton Defendamus Society
Budget Variance
Budget Variance
| 2022 | 2022 OVERALL BUDGET |
VARIANCE | VARIANCE % | 2022 | 2022 OVERALL BUDGET |
VARIANCE | VARIANCE % | |
|---|---|---|---|---|---|---|---|---|
| Council Tax | 12,155.64 | 13,800.00 | (1,644.36) | -11.92% | 12,155.64 | 13,800.00 | (1,644.36) | -11.92% |
| Electric | 17,947.47 | 9,420.00 | 8,527.47 | 90.53% | 17,947.47 | 9,420.00 | 8,527.47 | 90.53% |
| Insurance | 5,506.42 | 15,160.00 | (9,653.58) | -63.68% | 5,506.42 | 15,160.00 | (9,653.58) | -63.68% |
| Provision | 17,998.05 | 18,000.00 | (1.95) | -0.01% | 17,998.05 | 18,000.00 | (1.95) | -0.01% |
| Repairs & Renewals | 18,270.87 | 5,250.00 | 13,020.87 | 248.02% | 18,270.87 | 5,250.00 | 13,020.87 | 248.02% |
| Wages | 123,330.47 | 123,468.00 | (137.53) | -0.11% | 123,330.47 | 123,468.00 | (137.53) | -0.11% |
| Water Rates | 2,732.40 | 4,200.00 | (1,467.60) | -34.94% | 2,732.40 | 4,200.00 | (1,467.60) | -34.94% |
| Total Cost of Sales | 197,941.32 | 189,298.00 | 8,643.32 | 4.57% | 197,941.32 | 189,298.00 | 8,643.32 | 4.57% |
| Gross Profit | 46,925.11 | 54,977.00 | (8,051.89) | -14.65% | 46,925.11 | 54,977.00 | (8,051.89) | -14.65% |
| Operating Expenses | ||||||||
| Advertising | 2,744.30 | 1,740.00 | 1,004.30 | 57.72% | 2,744.30 | 1,740.00 | 1,004.30 | 57.72% |
| Bank Charges | 361.87 | - | 361.87 | - | 361.87 | - | 361.87 | - |
| Bank Charges (EXECUTIVE COMMITTEE - expenditure) | 30.00 | - | 30.00 | - | 30.00 | - | 30.00 | - |
| Contract Maintenance | - | 5,760.00 | (5,760.00) | -100.00% | - | 5,760.00 | (5,760.00) | -100.00% |
| Gas | - | 8,244.00 | (8,244.00) | -100.00% | - | 8,244.00 | (8,244.00) | -100.00% |
| Legal and Professional Fees | 12,423.23 | - | 12,423.23 | - | 12,423.23 | - | 12,423.23 | - |
| Site Maintenance | - | 27,000.00 | (27,000.00) | -100.00% | - | 27,000.00 | (27,000.00) | -100.00% |
| Sundry Expenses | 4,996.46 | 6,600.00 | (1,603.54) | -24.30% | 4,996.46 | 6,600.00 | (1,603.54) | -24.30% |
| Telephone | 3,646.86 | 2,410.00 | 1,236.86 | 51.32% | 3,646.86 | 2,410.00 | 1,236.86 | 51.32% |
| Total Operating Expenses | 24,202.72 | 51,754.00 | (27,551.28) | -53.24% | 24,202.72 | 51,754.00 | (27,551.28) | -53.24% |
Abbeyfield Taunton Defendamus Society
Budget Variance
Budget Variance
| 2022 | 2022 OVERALL BUDGET |
VARIANCE | VARIANCE % | 2022 | 2022 OVERALL BUDGET |
VARIANCE | VARIANCE % | |
|---|---|---|---|---|---|---|---|---|
| Net Profit | 22,722.39 | 3,223.00 | 19,499.39 | 605.01% | 22,722.39 | 3,223.00 | 19,499.39 | 605.01% |
Abbeyfield Taunton Defendamus Society
Budget Variance
E ABBEYFIELD TAUN DEFENDAMUS S IEfY LIMITED UNAUDITED FINANCIAL STATEME YEAR ENDED 30 J NE 2022 NTENTS Company Inforrnation Rew)rt of the Exxulive Committ¢¢ Independent Examiner's Rep Income and Expenditure Account and Statement of Financial Aciiviiies Balance Sheet 8-13 Notes to the Financial Stllt¢ments Company Regisiratitsn Number.. 900502 Registered Charily Nuinb¢r'. 253429 Company Registration Number.. 900502
DTA NDE TED OMPANY INF TI EXEC ECO Col D N Lowe OBE DL Awh K Mccarthy Cdre D Lewts RHarris D Allwright ECBETARY MrsA Smith S Corri¢ (resied sWteber 2021) (appoinr¢d Decnber202l} Stsffoid HtrJ5e BknGkbroDk Park Av¢nu¢ TaurttOD TAI 2PX rNDEPE Ilkl Michael Cty)k BS¢ FCA ACMol¢ Stafford Hous¢ Blackbrook Park A¥eTMe Taunton TAI 2PX BA Royal Bank of Sc10d plc 36 St Andrew Sware Edinburgh Scotland EH2 2YB Company Registraiion Numlxr. 900502
ABBEYFtELD TAuKfoN DEFENDAMUS S LIM[ BEPORT O UTIVE COMN] The Memb¢rs of th¢ Execuiive Comlllittee Prese their Kep(Kt and the flnancial stht¢m¢nts of th¢ S(Kiety for the Ye ended 30 Jlllle 2022. RF.PO Thi5 year been one of CQA801idkion. after the ending of all Covid restriction& Luckily. although several residents havecaught Covid. th8nks to th¢m g]1 b¢ing up io da¢¢ with their vKGination4 none have ended up in hospilal. Sadly. we h&d the death of orte wsidenl in her aprn- not Covid relattd-and othus have movd on. IMLt wcupancy has been very 800d. Tr Ho¢ Moniger attd swff hiv¢ w0¢d tiT¢k5sty tokeq>Tuidcnts Safe and fed, &specialty when sdf-isolatinB in thcir room5. With rto rtstri¢tiot4 rwidents have been able to reswne trips wt with our volunte¢r Ati Lewi4 to whom we owe 8 considerable debt or thanks. Cattfvl ¢ontrol tsf ¢xp¢nditUT¢and #oed ertuparKy hwt led to a healthy rpluS. ThLS 15 imrtant with a Irx)rnin8 e¢nnomi¢ l578. Finallyi I must rec4)rd my sinrr¢ thath to my ftllow Th]sttts and the staff aE)d volunteers for IheiT SUPPQrt aThd hard work during the y¢8w. Jn ¢hi5 1 musl singl¢ oul Mrs Sam Corrie, theHouse MaDa8er. h18 WOTked tirelessly to keep on lop of everything at the Hou5t. Sh¢ has gon¢ wty iwond whalVId reaablY be expxted of hex, often wotking in hu own time. We are very lucky io have her. OVEIINIIqG D The Society is a Charity constituted as a cothpAny limited by 8varanttt, incoryjorated on 10 March 1967 and registered ay a eharity on 16 August 1967. The Company was eslablishtd under a MemoraD(hlln of AssociatiQD which established the objects atLd.powers of the charitsble Cotnpany aud 15 8QV6rned under its Arti¢1¢5 of Associ10. ID thc event of th¢ company b¢Jng wound up members axe required to ctsrttribute an amount not exceediDg £1 exb. CRUIThlENT AND The directors of th¢ ¢ompany are also charity trnsiees for the of charity law attd Mnder the company's Articles are known ¥s rnembers of the Execuriv¢ Committ¢¢. Th¢ ChaiJman ?j other ronJmiltc¢ mc]nber5 haye been aclively 5uktDg to attraGt n¢w eTnb8rs to increa56 th8 size of the existingcomEllie¢. New tTUSL¢es aT¢ bri¢fedon ib¢ir legal obligaiions und¢r ¢h8riry and¢ompany law. Ihe ¢oni¢nt of the Memoraftdum and Articles of Association, the ettmmirtee and decision makin8 processes and recent p¢rf¢irman¢¢ of the charity. Trusrees are eneournged to atnd appropriate external training events where these wfftll facilitate the Undertaking of ih¢ir rolc. Th¢ So¢iety is affiliattyj to the Abbeyfield Society, and i5 ¢ontrolleA by an Executive Commiue¢ who meet regularly and are responsible for thB strate8ic direrlion and policy of the ¢harity. At present th¢ Ex¢cutiv¢ Committe¢ ha5 Six m¢mkrs from a variety of professional backgrounds relevani io the work of the charity. All cornrniNe¢ Trembers are unpaid volunie¢rs. Further valuablo help is given by other volunrects who, undcr th£ collective natne of Friend5 of Abbeyfield. Provide support to residents. Themajorrisks to which theSo¢iety is expos¢<Las Ilif1¢d by th¢Trustee5. haveb¢enrevi¢wed and systems hav¢been established to miti8atE tIL05¢ Tisks. C(npany Registration Number.. 900502
BEYFIELD T TO FENDA IETY LIMITED F THE EXEC IVE AND •J.I VITIE The Society's objetlive aThJ PTinGipal activity 15 lo provid¢ ¥NmOdl0k and housing for the dderly io a¢A¢A with the aims and principles of th¢ Abbryfi¢ld SoGi¢ty Limiled. This objective is xhi¢v¢d by the w0visi and maThasemenL of a house irk Taunton known a5 Northfield Criurt. It is the obj¢¢tiv¢ of th¢ Executive commit ead] yw to maximi5e thE public ben¢fil provided by lh¢ So¢i¢ty in providing high qualiry suptKsQ havwjg r¢gard to the extent of the Society'5 income and r¢s¢Yv¢s, thE Cost of facilitie5 and th¢ ability of re5Ldenls make paymertts from their resource Northfield Court was oprned in March 2Q)8 wovides six one be41rml and five N¥a bedroomeAJ sel(-¢A)nt•ined flats #nd ¢8rt o¢comrnodal¢ up to sixteeEL peopl Residents Af¢ to rnainiain their inderrt wbilsi 5UPPOrted with meals. aministralion and social activitie5. A housek¢¢p¢r is in Btt¢ndanGe and much voluntary support is giv¢0 by a wid¢ Gr055 StctioTh of the local community. Enrry is open to all, subject to satisfactory health requirements, wilh char8es sd at affordable levels. Residents in receipt of housing or other stale benefits are acvp¢¢d. Charges are r¢Yiewcd annually and kept as low as &)nsider¢d pNdML When reviewiti8 the charity's Éims •nd obiE¢uves and plannuwits a(iVili¢s th¢ truste¢s ha¥¢ h•Jdur rard iothe Charity CommÉ5sion's public tnefit guidance. ]lud its guidatKe QD fee char8in8. FINAN IA VIEW Nei rental incom¢ in¢reased as & result of kjwv voids vxan¢i¢s duTing 2022. EXpffidltu ha5 decrelvd compared trj last year and as a result there is a n¢1 5urpIu5 for the year gIW722 (2021: d¢fi¢ii £18N3). ERVES POLI ReseTves sre needed lo cover any decline in occtpn¢y kv¢b urtxpected emergency repair5 and other expernlittire, At 30 Jun¢ 2022 the level of fr¢¢ rryserves (excluding fixed assets) anKJunt¢d £138.W812021.. £115.286) which the Execulivt Conllnirtee consider is appropriat¢ for th¢ ¢harity'&netd5. The f¢ reserves ioapproximately stvth months. runnin8 costs. RESPO si TI OF THE EXE The member5 of lh¢ Ex¢¢uliv¢ Commiitce (who are alsodiredors ofThe Abbeyfield Taunton DcfcThdamu5 Society Limited for th¢ purposes of ¢oMpY law) ar¢ resptrnsibl¢ for prepaTin8 Ihe RepDrt of th¢ ExcGutive Committee {incorporatin8 th¢ dire¢lors' T¢POrtI and the financial siatements iti at¢OTdan¢e with applicablc law and ijrtited Kingdom Accowiting StJndaTd5. ineluding Financial Reportlng Standard 102.. The Financial REPDrting Standard applicable in th¢ UK Republi¢ of ITrland Iunited KiThBdom Generally Aceepied A¢counlin8 Pra¢ti¢e). Company law r¢4uir¢s ¢h¢ Exe¢ulive Committee to prewe financial for ea¢h flnancial year which 8iv¢ a true atsd fair vi¢w of the siaie of affaits ofthe chaTitable wmpany and of the income atjd expcnditur4 of th¢ rharitablecompany for that Plod. In prepvin8 these financial statements, the Exrcutive Comrntttee are required to.. select suiiabl¢ *¢ounling poliGics and apply them ¢onsistenily- ob&Brvt th¢ method5 and principles the Chlrities SORTr- make jtsdgm¢Thts hfKi a¢countin8 e51im&les th are rea$Orle atld pwdML
dlt whethcr appllcable UK Accountin2 Standlrds hove been followe4 subjea to aJ)y mat¢rial departur¢5 disG105¢d aT
¢xplain¢d in the flnancial statewnents.8nd PTepare the financial statements on the 80ing ¢orK¢rn basis unltss it is inapprcyriate to presume Ibat ¢h¢ ¢hari(ablE wmpany will ¢ontiThue in business. The Executiv¢ Committce are resp0Tr5ible for maÉrtthinin8 prow acwijriting Ttcord5 wILith disc1¢¢ with re&59n4bl¢ a¢¢urncy ai any lime the fittan¢ial posilion of the charitable eompany aNi ¥nabl¢ them io ¢n5ui¢ tha¢ ¢h¢ fiDaDGial 51ai¢ments comply wilh the Companies ACL 2006. They are also responsible forsafeRuardin8 lh¢ Assets of th¢ ¢harithbl¢ ¢oThpany and henrt for takinK reasonable steps for the prev¢nlion and d¢te¢tion of fraud and other irregularities. Company R¢gistration Nwnb¢r.' 900502
DTA RT LfnvE C In50far as tILe Executive Committee ar¢ there is no relevant audit informatiYL of whi¢h the rJJaritsbJe compw'5 auditors areaware" and the trnstees have t8k¢n all st¢ps that thty wght to havc taken to make themselves aware ofany relevanl audit'inforniation and to establish that the audikns arc awar£ of that information Th¢ Executive Committee are iesponsible for the mainicnance and intwity of the¢orpatr and fin8nGial infonnation in¢ludtd on the chawitable company's website. Le8i$lation th¢ Unii¢d Kill8dom gov¢rningthc FK¢pawation and di5se4nLnation of fJnattGhil stNlm¢nts may differ from le8i$lalion in other jurisdictiofys. This r¢port has btett pr¢par¢d in cordIn¢t with the provisions ofPt IJ of the Cotnpanies Act 2006 relating to small companies. of the E e1Ve Commirtee COL D N LOWE OBE DL Dat¢ 9 November 2022 Company Registration Number. 900502
rNDEPE RTTO TR TEFS BEyFLD TA I report to the Ghlty ttU51ees on my examiDation of the accounts of th¢ CouJp8ny for the year euded 30 June 2022, whicb are set put on pages 6 to 13. RpsibIlItIeS and b•$ls of report As the charity's tru5tee5 of the CompaDy (and also its directots fw the wryx)ses of company law) 8re responsible for the preparation ofthe accounts iti attLYdaDce with the rwiÉrements of the Companies Act 2006 ('the 21>6 Act.). Having satisfied myself that th¢ a¢coun15 of th¢ Company 8J¢ iequire4J to be auditrd under Part 16 of the 2006 Act and are eligible for independent ¢xm)ination. I report in r¢5p¢u of my examin70 olyi)ur charity's accounts tarried out UtKl¢r section 145 of the CbaTilies Aci 2011 ('the 2011 Act'}. Tn canying oul my ¢yaMin10n I bave followed the D1109 giv¢n by th¢ Charity Commi55ion under sectlOA 145{5} (b) of the 2011 Aa. IndepettdeDt vjamiDer's report I have completed my ex2tnljlIOn. I confiTm th* oomatt¢n have come to rny attention IL connection with the exarnin&tion giving me cause to believe.. a¢¢ounring iecords were not k¢pt in respect of the Company •5 requidbY section 386 of th¢ 2006 Acl: or 2. the accounts do not accord with those rewds. or 3. the accounts do not mPlY with the a¢11£ requiremeDts of se¢rion 396 of the 2006 Act other tban any requirement thai Ihe accounts give a 'true and fair view, whith is not a matt¢r consideftd as part of an independent examination.. or the accounts hav¢ llot been prepared im accordallce with the method5 and principles of the Sttttement of Recommended Praclice for accounting and reportittg by ¢blIt¢S lapp11ble to cbaritie5 preparing their accounts ID accordance wilh th¢ Fitiancial lieporting Standard applicabl¢ in th¢ UK and R¢publi¢ of treland (FRS 102)]. .1 have no concern5 ar have com¢ a¢ross no othEr matters io cotm¢ciion with thE examimaiion to wbich attention should be drawn itl this report in older to enable a proper urtderstanding ofthe accounts io be rhed. Miehacl CoDk Bsc FCA Acmole Chartered A¢¢owilATJIS Stafford Ho Bl&ckbrook Park Av¢nu¢ Taunion TAI 2PX . 2(Y22 Conjpany Registration Nvmb¢r'. 900502
Nc AND EXPENDITURE ACCOLfNT AND STATEMENT OF FtNANCIAL Acftv 30 JUNE 2022 2022 2021 Donations and grants 1t1vesttnts Cbariiable activities Other 1.1 17 243.749 225,562 438 TOTAL INCOME 244.866 226,009 EXPENDI Charitable activities 222,144 244.852 TOTAL EXPENDI 222.144 244,832 NET INCONIEJ ENDLT FUND IN Tfr YEAR AND 22.722 (18,843) Total Funds Broughi Forward 1.796.928 1,815,771 Totsl Fund5 Carried Fonvard 14 1,819.650 1,796.928 All fuuds are unrestricted. The not¢5 Qn pag¢s 8 to 13 form part of these fumneial statanents.
Company Regi5tratlOD Number.. 900502 ABBEYFtEL N DEFENDAMUS S CIETY LEMITED AT3 otes 2021 tXED ASSE T2ncibl¢ A&set5 10 1.681,642 1.681.642 Debtors Cash at bank aTJd ij) hand 6J62 143.771 3,929 120.602 150.133 126,531 CREDIT Amounts falling du¢ within one year 12 12.125 11.245 SETS I38.8 115,286 NETA 1.819.650 1,796,928 Gen¢ral FuDd Redev¢lopment Fund 14 14 1.179,218 640.432 1,156.496 640.432 1.819,650 1.796,928 The company i5 entitled to ¢x¢mption from audit utyjer Se¢tion 477 of the Cornp/oi¢s Aci 2006 for ilje year ended 30 Jun¢ 2022. The rnembers have not required the company to oknain an audit of its fuwicial 5taiements for the year ertded 30 June 2022 in accordance with Seciion 476 of tho Companios 2(4)6. .The membcr5 of the Executive Committee acknowledge their responsibilili¢s for. a) ensuring ihat the Company k¢¢ps wjunting records wht¢h comply with Seetiimjs 386 and 387 of the Companies Act 2006 and b) w¢parin8 fman¢ial statem¢nis which give atrue and fair view of the Sta of affairs of the company os at the end of each fancIal year and of its swplus w d¢fT¢it foreach fUn¢la1 ye* in accoTdancc with the r¢quirement5 Of S¢ctions 394 aDd 393 and which otherwise comply with th¢ rcquirnents of the Compante5 Act 2006 relatin8 to fanCIal statements. so frdr as applicable to the tompany. The fw8n¢ial statements h&v¢ b¢en prepared in ac¢oTdaDce with the wovisions of Part 15 of the Companie5 Act 21)06 relating to small companies. The fan¢)l s¢al¢rn¢nts werc approved by the Executi Committee on 9 November 2022 and $i¢d on its b¢half by:_ K MCCARTHY COL D N LOWE OBE DL Cha The notes on pages E to 13 fonn part of these fmancial sthtf4nets.
Company Registration Number.. 900502 ABBEYFIELD TA FENDAMUS S IMtTED OTES TO THE F NTtN POLlCtES The AbbeyfKld Taunton Defentjamus Society Limited pn)vides 5elf-contaiDed flats where residEnts are encouraged to maitttain Iheir itsdependencr whi15t being 5UPPDrtedwith mea15, adminislTation and social activities. Lt is a company lunited by guarantee, has llo share •)ithl aod is registered in FAgland and Wales. The registered office is Stdfford House, Blackbrook Park Avenue, Tavnton. Soffjrrs6t TAI 2PX. StatemeTrt f lian and basis of The funCIal 5talemenls have b¢¢D prepared uod¢r the hisiorical ¢osi ¢onv¢ntion with iterns recogttised ai cost or transaction value. The fthancial statements hav¢ a150 be¢n pr¢paJed in accordance with Accounling and Reporting by Cbarili¢5'. St8teTneTrt of Recomrnended Practict applicable io charifies preparing their accounts iti accordance with the Financial Reportillg Stalldard applicable in the UKwTrd R¢publi¢ of IrtlaDd IFRS 102) (Issu October 2019)-(Chariii¢s SORP (FRS 102)). tbe Fitiancial Reporting Standard atvlicabl¢ in the United Kingdom and Republic of b¢lalld (FRS 102) and the CoPanIcS Act 2006. The AbWfield Taunton Defandamu5 Soci¢ty Limited rneets the def]nition of a wblic entity wider FRSIO2. The Executive Cotomitt¢¢ consid¢r ihat ¢bwe aff llo mtiterial uncertai1¢$ ab)ui ibe charity's ability to conttnut as a Boing Concern and are of the opinion that the accounts should be Paj this imsis. dAcc Unrestrlcd funds are availabl¢ for ¢ ai ib¢ dis£$10 of the Executive CoEnmitt¢¢ in furth¢TanrK of tbe general objectives of the chgJitabl¢ company. De5iEnal¢d funds are unresrricted fvnds eaTDJarked by the Ex¢cutiv¢ CoD)mitt¢¢ forp8rti¢ular purposes. All cOM¢ is in¢lud¢d in th¢ statement of finaucial xtivities wbtn the charity 15 ¢ntitled to the income, it 13 Probable that the income will be received and the amoullt can be reliably. The ftsllowiDg specifi¢ polici¢s are applied to particular categorio% of income.. Investment income i$ Includ wlt¢n receivable. Income from Charirable trading activities is accounted for when e4tDvAI. The mnY is Th)t r¢gist¢reil for VAT. The valu¢ of services provided by volunt¢us bas not l>e¢u in¢luded ib¢se a¢unts. Gov¢Tntnc4]t grants that ar¢ Te1vabl¢ as compensation for expens¢s or losses already incurred or for (he purpose of giving itithiediare fancial Jupport to the entity with no fufure related costs arc reco]sed B5 Job retention Sth£m¢ income and are included within other income in the perkod in which it betomes receiYabl¢. en Expendire 1$ 01$ed on ao arxwab basis as a liability is incurred. Charitable expenditur¢ comprhses those costs Inc[red by the elwity in the delivery of its activities and seryices for its benefjciaries. It includes both sts that can b¢ alloGated direcdy to such activities and those ¢0s15 of indirect nawre necessary to support them. All costs are alloGatEd betweetl the eXdIlure ¢al¢gori¢s of the Statement of Finamcial Activities on a basis designed to reflect the use of the resourte. Costs relating to a Partilar activity allocated directly,. others are apportioned on an appropriaie basi$ if appli1¢.
CornpaDy Kegistration Number.. 900502 TA NDEF SlEry LIMI NOTES TO IHE IAL STA LI Tan le fix 355tts T8ngible f<d ass¢ts initially rerKJgnised at C05t No provbsion for d¢prKiaiion of fre¢hold properties is included in the [mala1 statements ixcws¢ in lh¢ opinion of the Exttulive Conllrnittee the depreciation charge attd Y accurnulate depreciation would be inunaterial. The residual value of The property at the end of its useful fxonomic lile to the Charity is likely to be signifi¢aDtly abov¢ the pr¢s¢nt unying value given the Gharitys policy andpractirx ofTegular mainMan¢¢ and repair. Expendit¢ on major it¢Thsof equipmeDtatNorthfie1dCourthasbe¢ witslised aod is bettT1CA off 15% per annum astraight line basis. Other expendin]re on fijmitureand equiwentwithin the tharity'5 bom¢ is WTittgn off in the year inwhich the cosi is in¢u£d Is it 15 subjeci lo considerabh wear and trar 8th1 1$ bein8 continually TepiaceAI and reJ)ewed. As t rc8l$tcred charity, the company is exthDpt frorn tax 8nd gains to th¢ ¢xt¢ni that ihese are applied to ils tharitable objects. aneial en All of the Charity's fu)ancig1 assets and liabilities qualify a5 basic fman¢ial instnents. Bjsic fuwicial instsimiellts are initially recogDised at transa¢tion v&lu¢ and subsrwently measured at the s¢tt]em¢nt valu¢. Critica esttmates The preparation of th¢ fancial star¢ments requir¢s the Executive Cotnmittee to make judg¢ments, tIMat¢S and surnptions that affeet the appliution of awtjnling policies and the am¢Junts rfcognised in th¢ fmoncial stat¢m¢nts. Th¢ EA¢cutive Cominittee are of the opinion that there weT¢ no estimaies 01 AssumptlOn5 that have a signific1 risk of causing materia] adjustrrtenr to the caryin8 amount o(assets and liabilities within th¢ next fmancial year. AND RAN 22 Donations Grants 800 300 RESIt)ENT ' LETTfNGS This represents Ihe amounts Ceivable by the tharity frorn rtsidents for a¢wDunodarion in the home mainiain¢d by the charity- 2022 202 Gross residen¢s' lettings Le5s.' Vacancies 249,852 (6, 103) 243.290 (17.728) 243.749 225,562
Compatty Registration Numb¢r. 9502 10 THEABB FINANC ENDED 30 2022 UNITSIBEDSP 2022 2021 Under mana8cmtiit ai the end of the year 16 16 THER NCOME 2022 021 Coronaviru5 Job R¢t¢DrioD Scheme 8rartts 438 438 CHA 22 Provisions Staff costs Repairs atKi renewals Council t Water 17.998 123,330 17.756 12.156 2.733 5,506 17.947 515 5.159 4,966 4.997 3,647 392 2,744 2.298 17,517 I2S.118 38,492 10.536 3.340 5.324 15,30D 1,603 5,121 6.068 4.151 4,399 394 2,455 5.027 5vrnnce Electricity and gas Gardening Al)bEyfield Society membership fee Indep¢nd¢nt Examinwion and accountaft Sundry exp¢nses Telephone Bank ¢barges Adverti$iE]g Legal and professional fe¢s HN(RC interest 222.144 244.852
CompaDy Registration Numb¢r'. 900502 BBE AMUS STA 20 Net iticome1{exp¢th1tftc) for the year is alltt chgIng. llldep¢ndelli Examiner's fe¢ Accouniancy service5- Payroll A¢cow113n t£¢$- Sollwar¢ support 3.126 1,840 2,298 3,084 2.264 STAFF AND ER Stsff costs w¢r¢ as follows-. Wages and salari¢$ Social security cosrs Pension cos 117.992 3.341 1,997 121.473 1.948 1.697 123.330 125.118 Th¢ av¢rage numb¢r of ¢mploy¢¢s duringthe Y w85 as follows:_ 2022 NuTnb¢r 2021 NuThber Staff 10 During the year Wtlemenl paymenls of £Nil Were m&d¢12021: £8.000). No employee Ilad ¢Tnolutuents above £60.£ in the LlOr the previous year. Th¢ ¢harity Mnsiders its k¢y management pers(1¢] io comptise the Executive Cornmittee and the H¢)we Marlagtr. Total remllneration of k¢y managemeni personnel in th¢ yw waj £25.568 (2021- £30,813). TRUSTEE RE PARTY TRANSACTIONS No members of the Execwive Commitre¢ received reADullerdtion the curreni or the previou5 year. No members of tb¢ ExUl1¥¢ Committe¢ wer¢ r¢imbuTsed expenses in re5PE£t of Trte< duties during the cutrent or the previou5 year. No memb¢r of the Ex¢eutiv¢ Committe¢ or oth¢r puson relattd to the thatity had any personal interc5t in any contract or tratw(ion entered into by the ¢harity thing the cuwl or the previous year.
Company Registration Number.. 900502 12 THE ABB TA TO IHE FINAN TATE 10 E AssErs Buildin hfi¢ld F Tot At l July 2021 and 30 June 2tr22 1.681.642 16.457 .698,099 reciaiion At l July 2021 and 30 June 2022 16,45? 16,457 Nct Bo k Value At l July 2021 and 30 June 2022 1,681.642 1.681.642 DEB 2022 20 PrepaytDenls 6,362 5.929 12 £&B[Q&S- Amounts fallin8 due within on¢ y¢ar 21 Other creditQTS 11125 11.245
Cornpony Registration Number.. 900502 - 13 ABBE N DEFEND LIMI 13 G¢nerdl Fund Red¢v¢lopmeTht Fwjd Total Funds Tangible red 25set5 Current ets cent liabilities 1.041210 150,133 (12.125) 640,432 1,6SI,642 150,133 (12.125} 1.179218 640,432 1,819,650 14 MENT JN At l July 2021 AI 30 Jlltte 2022 ExPeIe Unresrrricted Funds G¢neral Fund Redevelopment Fund 1.156.496 640.432 244.866 222,144 .179,218 640,432 1.796.928 244.866 222.144 1.819.650 PURP SE F FUNDS R¢dev¢lo ment Rexerve F d. Thi5 fut is a designated fund of the charity and h&8 arisen from Fwuests made to the charity. When Woodsto¢k House was sold the fiulds 8enerated by the sale weTe tran5feryed to thi$ r¢s¢rve.