2021-03-31-accounts

				Pages
Reference and administrative its directors and advisers		details	ofthe charity,	1-2
Strategic report ofthe	directors			3 -13
Directors' report				14 - 15
independent auditor's	report			16 - 19
Statement ofcomprehensive		income
(including income	and expenditure		account)	20
Statement ofchanges	in equity			21
Balance sheet				22
Statement ofcash flows				23
Notes to the financial	statements			24-37

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
				E	E	E	E
			Notes
TUI'never Operating expenditure			3 3	1,525,862 (1,304,267)	(45,976)	1,525,862 (1,350,243)	1,490,554 (1,261,855)
Operating surplus			3,4	221,595	(45,976)	175,619	228,699
Other income
Other interest receivable		and
similar income Donations Sundry income			5 5 5	14,204 35,241 3,947		14,204 35,241 3,947	35,754 55,258 5,454
Total comprehensive	Income
for the year			13	274,987	(45,976)	229,011	325,165
Net transfer to designated
reserves			13	(638,251)		(638,251)	(256,781)
Total comprehensive	income
for the year after	transfers			E(363,264)	E(45,976)	E(409,240)	E68,384

				Unrestricted
				Income and
			Designated reserves	expenditure account	Restricted reserves	Total
			F.		F.	6
At 1 April 2019			3,652,080	270,760	1,055,280	4,978,120
Surplus/(deficit)	for	2019/20		349,285	(24,120)	325,165
Transfers between		funds for
2019/20			256,781	(256,781)
At 31 March 2020			3,908,861	363,264	1,031,160	5,303,285
Surplus/(deficit)	for	2020/21		274,987	(45,976)	229,011
Transfers between		funds for
2020/21			638,251	(638,251)
At 31 March 2021			F4,547,112	6 -	R985,184	F 5,532,296

AS AT 31 MARCH	2021
			Notes
					(Restated)
Fixed assets				2021	2020f
Housing properties				21,302,924	8,556,267
Other fixed assets				33,379	40,861
Total tangible fixed assets				21,336,303	8,597,128
Current assets
Investments Debtors Cash at bank and in hand				46,035 34,312	2,827,452 393,276 265,502
Creditors: amounts	falling due			80,347	3,486,230
within one year			10	(9,785,131)	(1,004,320)
Net current (liabilities)/assets				(9,704,784)	2,481,910
Total assets less current		liabilities		11,631,519	11,079,038
Creditors: amounts	falling	due
after more than one year				(6,099,223)	(5,775,753)
				f 5,532,296	E 5,303,285
Capital and reserves
Designated reserves Revenue reserve			13 13	4,547,112	3,908,861 363,264
Total unrestricted reserves Restricted reserves			13	4,547,112 985,184	4,272,125 1,031,160
				K 5,532,296	f'.5,303,285
The financial statements were approved and signed on their behalf by:			by the Board members one	Q iO~f	W2 l
I Norgett			A Cramphorn,

ABBEYFIELD BRAINTREE, BOCKING A SOCIETY LIMITED (Company Limited by Guarantee)	ND FELST	ED
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2021
			(Restated)
		2021	2020
	Note	8	k
Cash flows from operating activities
Surplus for the financial year		229,011	325,165
Depreciation Social Housing Grant release Interest received		131,103 (52,945) (14,204)	129,933 (52,945) (35,754)
Decrease/(increase) in debtors (Decrease)/increase in creditors		347,241 (836,704)	(364,204) 874,985
Net cash (ouflow)/inflow from operating activities		(196,498)	877,180
Cash flows from investing activities
Interest received		14,204	35,754
Fixed asset additions Decrease in investments		(12,870,278) 520,086	(3,423,372) 142,214
Grants received		647,500	2,858,518
Net cash outflow from investing activities		(11,688,488)	(386,886)
Cash flows from financing activities
Increase in loans		9,346,430	271,085
Net cash Inflow from financing activities		9,346,430	271,085
(Decrease)/increase in cash and cash equivalents		(2,538,556)	761,379
Cash and cash equivalents at the beginning ofthe years		2,572,868	1,811,489
Cash and cash equivalents at end ofyear		F34,312	L' 2,572,868
Cash at bank at end ofyear		34,312	265,502
Cash equivalents at end ofyear (included within investments)			2,307,366
Cash and cash equivalents at end ofyear	22	834,312	E 2,572,868

			2021	2020
Income from lettings	and care		8	8
Rent/service charges (net of bad debts) Voids Social Housing Grant release Care package fees			1,246,394 (49,283) 52,945 275,806	1,191,326 (18,409) 52,945 264,692
			1,525,862	1,490,554
ECC Care provision
Turnover			81,525,862	L' 1,490,554
Service costs Management costs Repairs and maintenance Depreciation Other costs (net)		costs	999,815 107,944 65,594 131,103 (189)	888,733 136,986 75,113 129,933 (1,084)
			1,304,267	1,229,681
Polly's Field development		costs	45,976	32,174
Operating expenditure			6 1,350,243	L 1,261,855
Operating surplus			6 175,619	F228,699

		2021	2020
		8	8
Depreciation Auditor's remuneration		131,103 5,600	129,933 5,350

TAFF	COSTS
		2021	2020
		6
Wages Social	and salaries security costs	818,043 45,954	708,712 40,685
		6863,997	F 749,397

The average weekly number ofemployees, including unpaid Committ time employees, during the year is made up as follows;	ee members a	nd part-
	No	No
Executive Committee	8	6
Operations Manager Senior Personnel Housekeepers, Support workers, Carers and Domestic Helpers	1 4 59	1 4 53
	72	66

		2021		2020
Cash	deposits	f -	f	2,627,452

EBTORS
	2021	2020f
Prepaymsnts Rent debtors Other debtors	7,885 30,211 7,939	7,885 21,541 363,850
	f46,035	F 393,276

	2021f	2020f
Trade creditors Other taxes and social security costs Accruals and deferred income Other creditors Loan due to Ths Abbeyfisld Society Bank loan (secured —see note 21)	24,511 35,572 79,455 28,078 50,000 9,567,515	883,563 30,020 67,705 23,032
	f9,785,131	f 1,004,320

			(Restated)
		2021	2020
Deferred Bank loan	income (secured —see note 21)	6,099,223	5,504,668 271,085
		66,099,223	6 5,775,753

ANALYSIS OF FUNDS
			(Deficit)l
			surplus
		Balance	for the		Balance
		1.4.20	year	Transfers	31.3.21
		f	f.	6	F
Restricted funds Polly's Field		1,031,160	(45,976)		985,184
Designated funds
Polly's Field Major Repairs - Felsted House		824,504 147,742		676,411 20,000	1,500,915 167,742
Refurbishment of Great Bradfords House		434,730			434,730
Refurbishment ofWickham House Upgrade of bathrooms Fixed Asset Fund		307,960 250,000 1,943,925		20,000 (78,160)	327,960 250,000 1,865,765
		3,908,861		638251	4 547 112
Income and expenditure Revenue Reserve	account	363,264	274,987	(638,251)
Total reserves		F 5,303,285	6229,011	6 -	f5,532,296

	Unrestricted	Restricted	Total
	2021	2021	2021
		F.	8
Fixed assets Current assets Current liabilities Long term liabilities	7,277,586 80,347 (217,616) (2,593,205)	14,058,717 (9,567,515) (3,506,018)	21,336,303 80,347 (9,785,131) (6,099,223)
	64,547,112	8985,184	65,532,296

he proper	ty, except for Felsted House as this prop	erty is not depreciated:
		2021 E	2020f
Great Bradfords House Wickham House Fslstsd House		2,082,503 213332 350,315	2,128,780 220,000 350,315
		82,646,150	F 2,699,095
Included	within:	2021 6	2020 6
Deferred Deferred Deferred	income within one year income two to five years income after five years	52,945 211,778 2,381,427	52,945 211,772 2,434,378
		R2,646,150	E 2,699,095

he Society paid travel expenses in respect	of the following Trustees:
	2021	2020
R Hackett		f272
A Cramphorn	f44	f746
M Quaife	f 152	f 90
J Perry	f82	f270
I Norgett	f145

18	ACCOMMODATION	ACCOMMODATION	IN MANAGEMENT
				2021	2020
	Number At 1 April	of units of 2020 and	housing accommodation 31 March 2021	66	66

						(Restated)
					2021	2020
Financial	assets measured		at the transaction	price	F30,461	L' 21,791
Financial	liabilities	measured	at the transaction	price	6 15,845,315	2 6,746,565

				Other	Balance at
		Balance at		non-cash	31 March
		1 April	Cash flows	changes	2021
		2020	F
		E
Cash Cash	equivalents	265,502 2,307,366	(231,190) (2,307,366)		34,312
Cash	and cash equivalents	2,572,868	(2,538,556)		34,312
Loans		(271,085)	(9,346,430)		(9,617,515)
		R2,301,783	L' (11,884,986)	5 -	6(9,583,203)

			Unrestricted	Restricted	Total
			funds	funds	funds
			2020 f	2020 f	2020 f
Turnover			1,490,554		1,490,554
Operating expenditure			(1,229,681)	(32,174)	(1,261,855)
Operating surplus			260,873	(32,174)	228,699
Other income
Other interest receivable similar income		and	35,754		35,754
Donations Sundry income			47,204 5,454	8,054	55,258 5,454
Total comprehensive for the year	income		349,285	(24,120)	325,165
Net transfer to designated reserves			(256,781)		(256,781)
Total comprehensive for the year after	Income transfers		f92,504	f (24,120)	f68,384

DETAILED INCOME AND EXPEN EAR ENDED 31 MARCH 2021	DITURE AC	COUNT
	Great
	Bradfords	Wickham	Felsted	Total
	House	House	House	2021	2020
	6	8	6	6	6
Income Rent/service charges to residents Voids Social Housing Grant Release Care package fees	588,799 (12,206) 46,278 275,388	352,931 (16,380) 6,667	304,664 (20,697) 418	1,246,394 (49,283) 52,945 275,806	1,191,326 (18,409) 52,945 264,692
	898,259	343,218	284,385	1,525,862	1,490,554
ECC Care Provision
Total income				1,525,862	1,490,554
Expenditure Management and administration Depreciation Repairs and maintenance Service costs Guest Suite income	55,871 87,889 40,985 617,508 (189)	30,616 24,200 11,124 218,330	21,457 19,014 13,485 163,977	107,944 131,103 65,594 999,815 (189)	136,986 129,933 75,113 888,733 (1,084)
	802,064	284,270	217,933	1,304,267	1,229,681
Polly's Field development costs (restricted)				45,976	32,174
Total expenditure				1,350,243	1,261,855
Surplus for the year before additional Society Income				175,619	228,699
Additional Society Income Bank deposit interest received				14,204	35,754
Donation from Abbeyfield Bishop's Stortford Sundry income				3,947	20,864 5,454
Other donations: Polly's Field: Unrestricted Restricted				35,241	26,340 8,054
Total additional net income				53,392	96,466
Surplus for the year (before transfers)				6229,011	k 325,165

		Great
		Bradfords	Wickham	Felsted	Total
Management and		House f.	House f	House f	2021 f	2020 f
administration
Rates and water Property insurance Audit and accountancy Affiliation fee Telephone Advertising Travel Printing, postage and		7,711 9,411 2,997 9,087 2,106 805 141	4,617 5,882 1,873 5,430 1,257 465 314	4,761 4,705 1,124 3,656 1,009 281 79	17,089 19,998 5,994 18,173 4,372 1,551 534	18,489 18,078 5,376 17,900 4,260 1,419 1,436
stationery Legal and professional General Bank charges Garden upkeep Training Bookkeeping Care costs	fees	219 1,200 1,485 852 2,450 2,166	419 4,818 1,117 521 2,549 1,354	441 35 535 331 3,544 144 812	1,079 6,053 3,137 1,704 8,543 144 4,332	3,424 9,110 16,474 1,555 9,165 4,394 4,569
(excluding staff costs)		15,241			15,241	21,337
		55,871	30,616	21,457	107,944	136,986
Depreciation		87,889	24,200	19,014	131,103	129,933
Repairs and maintenance		40,985	11,124	13,485	65,594	75,113
Service costs
Wages and national insurance Wages and national insurance		193,683	171,990	124,400	490,073	351,666
-care staff Recruitment expenses Housekeeping and catering Tunstall		357,952 2,157 30,048	256 20,977	203 21,098	357,952 2,616 72,123	291,795 3,055 118,989
Light and heat Cleaning Support costs		26,822 4,213 2,633	15,422 2,908 6,777	9,722 2,358 6,196	51,966 9,479 15,606	4,657 44,215 11,722 62,634
		617,508	218,330	163,977	999,815	888,733