Charity number: 00257620 Company number: 00935713
(England and Wales)
The Abbeyfield Honiton Society Limited
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
The Abbeyfield Honiton Society Limited Contents Page For the year ended 31 March 2021
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
The Abbeyfield Honiton Society Limited Report of the Trustees
For the year ended 31 March 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
REPORT OF THE EXECUTIVE COMMITTEE
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
The Society has run effectively and efficiently during the year thanks to the hard work and dedication of the staff, volunteers and Executive Committee.
Unfortunately the "lockdown" period has lasted a lot longer than hoped but our staff worked tirelessly in keeping spirits high, providing activities and entertainment throughout. Residents and staff have remained safe and well throughout the pandemic thanks to the extreme safety measures put in place throughout the year.
I would like to thank all the staff and residents for their patience over the prolonged period of lockdown as this has been a difficult time for everyone. Special thanks need to go to our manager Bev Faulkner for her hard work in organising the house over the year.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity The Abbeyfield Honiton Society Limited Charity registration number 00257620 Company registration number 00935713 Principal address 46 New Street Honiton Devon EX14 8BZ
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr D Barrow Mr M Justice (Resigned: 31 March 2021) Mr P Ireton Mrs C Ireton Mrs V Pring (Resigned: 31 March 2021) Independent examiners M T D Accountancy Ltd 21 Silver Street Ottery St Mary Devon EX11 1DB
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The Abbeyfield Honiton Society Limited Report of the Trustees Continued For the year ended 31 March 2021
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr D Barrow
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The Abbeyfield Honiton Society Limited Independent Examiners Report to the Trustees
For the year ended 31 March 2021
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M T D Accountancy Ltd 21 Silver Street Ottery St Mary Devon EX11 1DB
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The Abbeyfield Honiton Society Limited Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2021
| Notes Income and endowments from: Charitable activities 2 Investments 3 Other income 4 Total Expenditure on: Charitable activities 5/6 Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 114,056 4,082 1,941 120,079 (142,425) (142,425) (22,346) 663,687 641,341 |
2020 £ 121,596 5,189 1,540 |
|---|---|---|
| 128,325 | ||
| (156,132) | ||
| (156,132) | ||
| (27,807) 691,492 |
||
| 663,685 |
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00935713
Registered Number :
The Abbeyfield Honiton Society Limited Statement of Financial Position As at 31 March 2021
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 11 | 620,477 | 621,785 |
| Investments | 12/13 | 75,995 | 59,029 |
| 696,472 | 680,814 | ||
| Current assets | |||
| Debtors | 14 | 1,825 | 1,861 |
| Cash at bank and in hand | 112,278 | 132,596 | |
| 114,103 | 134,457 | ||
| Creditors: amounts falling due within one year | 15 | (5,758) | (5,074) |
| Net current assets | 108,345 | 129,383 | |
| Total assets less current liabilities | 804,817 | 810,197 | |
| Net assets | 804,817 | 810,197 | |
| The funds of the charity | |||
| Unrestricted income funds | 16 | 641,341 | 663,685 |
| Revaluation reserve | 163,474 | 146,508 | |
| Total funds | 804,815 | 810,193 |
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
-
with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
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accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr D Barrow Trustee
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The Abbeyfield Honiton Society Limited Notes to the Financial Statements
For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
The Abbeyfield Honiton Society Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Income from charitable activities
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Accommodation income | ||
| Income from charitable | 114,056 | 121,596 |
| activities |
3. Investment income
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Income from listed investments | 3,259 | 3,991 |
| Bank interest receivable | 823 | 1,198 |
| 4,082 | 5,189 |
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The Abbeyfield Honiton Society Limited Notes to the Financial Statements Continued
For the year ended 31 March 2021
4. Other income
| 4. Other income | ||
|---|---|---|
| Unrestricted funds Other income EDF 5. Costs of charitable activities by fund type Unrestricted funds Support costs 6. Costs of charitable activities by activity type Support costs Accommodation income 7. Analysis of support costs Accommodation income Management Premises Premises Residents support General Payroll costs Governance costs |
2021 £ 415 1,526 1,941 2021 £ 142,425 2021 £ 142,425 2021 £ 73,162 1,307 35,133 23,731 7,080 450 1,562 142,425 |
2020 £ - 1,540 |
| 1,540 | ||
| 2020 £ 156,132 2020 £ 156,132 2020 £ 78,627 1,444 41,078 26,375 6,311 270 2,027 |
||
| 156,132 |
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The Abbeyfield Honiton Society Limited Notes to the Financial Statements Continued
For the year ended 31 March 2021
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Depreciation of owned fixed assets | 1,307 | 1,444 |
| Accountancy fees | 1,110 | 1,080 |
| Staff pension contributions | 3,422 | 2,484 |
9. Staff costs
Total staff costs for the year ended 31 March 2021 were:
| Total staff costs for the year ended 31 March 2021 were: | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Salaries and wages | 69,740 | 74,460 |
| Social security costs | - | 1,683 |
| Pension costs | 3,422 | 2,484 |
| 73,162 | 78,627 | |
| 2021 | 2020 | |
| Support staff | 6 | 6 |
| 6 | 6 |
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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The Abbeyfield Honiton Society Limited Notes to the Financial Statements Continued
For the year ended 31 March 2021
11. Tangible fixed assets
| Land and | Fixtures and | Computer | ||
|---|---|---|---|---|
| Cost or valuation | buildings | fittings | equipment | Total |
| £ | £ | £ | £ | |
| At 01 April 2020 | 609,317 | 59,550 | 1,843 | 670,710 |
| At 31 March 2021 | 609,317 | 59,550 | 1,843 | 670,710 |
| Depreciation | ||||
| At 01 April 2020 | - | 47,149 | 1,776 | 48,926 |
| Charge for year | - | 1,240 | 67 | 1,307 |
| At 31 March 2021 | - | 48,390 | 1,843 | 50,232 |
| Net book values | ||||
| At 31 March 2021 | 609,317 | 11,160 | - | 620,477 |
| At 31 March 2020 | 609,317 | 12,400 | 67 | 621,784 |
Investments
12. Analysis of movement of commercial investments
| Market value at 01 April 2020 Net gain/(loss) on revaluation Market value at 31 March 2021 Analysis of investments between funds as at year ended 31 March 2021 Unrestricted funds Listed investments |
2021 £ 75,995 75,995 |
Listed investments £ 59,029 16,966 |
|---|---|---|
| 75,995 | ||
| 2020 £ 59,029 |
||
| 59,029 |
13. Analysis of investments between funds as at year ended 31 March 2021
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The Abbeyfield Honiton Society Limited Notes to the Financial Statements Continued
For the year ended 31 March 2021
14. Debtors
| Amounts due within one year: Prepayments and accrued income |
2021 2020 £ £ 1,825 1,861 1,825 1,861 |
|---|---|
15. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other creditors Accruals and deferred income |
2021 £ 932 3,716 1,110 5,758 |
2020 £ 886 3,108 1,080 |
| 5,074 |
16. Movement in funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2020 | resources | resources | 31/03/2021 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 663,687 | 120,079 | (142,425) | 641,341 |
| 663,687 | 120,079 | (142,425) | 641,341 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2019 | resources | resources | 31/03/2020 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 691,492 | 128,325 | (156,132) | 663,685 |
| 691,492 | 128,325 | (156,132) | 663,685 |
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The Abbeyfield Honiton Society Limited Notes to the Financial Statements Continued For the year ended 31 March 2021
17. Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 620,477 75,995 108,345 804,817 |
| 620,477 75,995 108,345 804,817 |
|
| Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 621,785 59,029 129,383 810,197 |
|
| 621,785 59,029 129,383 810,197 |
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The Abbeyfield Honiton Society Limited Detailed Statement of Financial Activities
For the year ended 31 March 2021
| INCOME AND ENDOWMENT Charitable activities Income from charitable activities Investments Dividends received UK interest receivable Other income Other income EDF Total incoming resources SUPPORT COSTS Management Management Premises Premises Premises Premises Residents support Residents support General General Payroll costs Payroll costs Governance costs Governance costs Total resources expended Net Expenditure |
£ 2021 114,056 114,056 3,259 823 4,082 415 1,526 1,941 120,079 (73,162) (73,162) (1,307) (1,307) (35,133) (35,133) (23,731) (23,731) (7,080) (7,080) (450) (450) (1,562) (1,562) (142,425) (22,346) |
£ 2020 121,596 |
|---|---|---|
| 121,596 3,991 1,198 |
||
| 5,189 - 1,540 |
||
| 1,540 | ||
| 128,325 (78,627) |
||
| (78,627) (1,444) |
||
| (1,444) (41,078) |
||
| (41,078) (26,375) |
||
| (26,375) (6,311) |
||
| (6,311) (270) |
||
| (270) (2,027) |
||
| (2,027) | ||
| (156,132) | ||
| (27,807) |
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This page does not form part of the statutory financial statements