# ## |||||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|