2022-03-31-accounts - Abbeyfield Braintree, Bocking And Felsted Society Limited

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				Pages
Reference and administrative its directors and advisers		details	ofthe charity,	1-2
Strategic report ofthe	directors			3 -12
Directors' report				13 - 14
Independent auditor's	report			15 - 18
Statement of comprehensive		income
(including income	and expenditure		account)	19
Statement of changes	in equity			20
Balance sheet				21
Statement ofcash flows				22
Notes to the financial	statements			23-35

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022 6	2022	2022 f	2021 6
			Notes
Turnover			3	1,672,306		1,672,306	1,525,862
Operating expenditure			3	(1,405,168)	(109,631)	(1,514,799)	(1,350,243)
Operating surplus			3,4	267,138	(109,631)	157,507	175,619
Other income
Other interest receivable		and
similar income			5				14,204
Donations			5	47,977		47,977	35,241
Sundry income			5	2,814		2,814	3,947
Total comprehensive	income
for the year			12	317,929	(109,631)	208,298	229,011
Net transfer to designated
Ieserves			12	432,071		432,071	(638,251)
Total comprehensive	income
for the year after	transfers			6750,000	K(109,631)	R640,369	F (409,240)

				Unrestricted
				Income and
			Designated	expenditure	Restricted
			reserves f	account f	reserves f	Totalf
At 1 April 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			4,547,112		985,184	5,532,296
Surplus/(deficit)	for	2021/22		317,929	(109,631)	208,298
Transfers between		funds for
2021/22			(432,071)	432,071
At 31 March 2022			f4,115,041	f 750,000	f875,553	f 5,740,594

AS AT 31 MARCH 2		022
					Notes
							2022 f	2021 8
Fixed assets
Housing properties							30,615,395	21,302,924
Other fixed assets							25,952	33,379
Total tangible fixed assets							30,641,347	21,336,303
Current assets
Debtors							46,310	46,035
Cash at bank and in hand							278,036	34,312
							324,346	80,347
Creditors: amounts	falling		due
within one year							(9,580,502)	(9,785,131)
Net current liabilities							(9,256,156)	(9,704,784)
Total assets less current			liabilities				21,385,191	11,631,519
Creditors: amounts	falling		due
after more than one year					10		(15,644,597)	(6,099,223)
							8 5,740,594	L' 5,532,296
Capital and reserves
Designated reserves					12		4,115,041	4,547,112
Revenue reserve					12		750,000
Total unrestricted reserves							4,865,041	4,547,112
Restricted reserves					12		875,553	985,184
							85,740,594	E5,532,296
The financial statements		were approved		by the Board members		on		and signed
on their behalf by
I Norgett				ACra'	p orn
Chairman				Treasurer
Company Registration		Number: 00945603

					2022	2021
				Note	6	6
Cash flows from operating		activities
Surplus for the financial year					208,298	229,011
Depreciation					131,048	131,103
Social Housing Grant release					(52,945)	(52,945)
Interest received						(14,204)
(Increase)/decrease in debtors					(275)	347,241
Increase/(decrease) in creditors					10,209,545	(836,704)
Net cash inflow/(oufflow)	from operating
activities					10,495,671	(196,498)
Cash flows from investing	activities
Interest received						14,204
Fixed asset additions					(9,436,092)	(12,870,278)
Decrease in investments						520,086
Grants received					387,500	647,500
Net cash outflow from investing activities					(9,048,592)	(11,688,488)
Cash flows from financing	activities
(Decrease)/increase in loans					(1,203,355)	9,346,430
Net cash (oufflow)/inflow	from financing
activities					(1,203,355)	9,346,430
Increase/(decrease) in cash		and cash
equivalents					243,724	(2,538,556)
Cash and cash equivalents		at the beginning	of
the year					34,312	2,572,868
Cash and cash equivalents		at the end ofyear			6278,036	E34,312
Cash at bank at the end ofthe year					278,036	34,312
Cash equivalents at the end		ofthe year
Cash and cash equivalents		at end ofyear		21	8278,036	E 34,312

		2022f	2021f
Income from lettings and Rent/service charges (net	care of bad debts)	1,297,366	1,246,394
Voids		(102,882)	(49,283)
Social Housing Grant release		52,945	52,945
		1,247,429	1,250,056
Care package fees Polly's Field income		287,180 137,697	275,806
Turnover		f1,672,306	f. 1,525,862
Service costs		1,091274	999,815
Management costs Repairs and maintenance Depreciation	costs	108,302 75,766 131,048	107,944 65,594 131,103
Other costs (net)		(1,222)	(189)
		1,405,168	1,304,267
Polly's Field development	costs	109,631	45,976
Operating expenditure		f1,514,799	f 1,350,243
Operating surplus		f157,507	F 175,619

	2022f	2021f
Depreciation Auditor's remuneration	131,048 6,530	131,103 5,600

		2022f	2021
Wages	and salaries	876,485	818,043
Social	security costs	52,290	45,954
		8928,775	6863,997

			No	No
Executive	Committee		8	8
Operations	Manager		1	1
Senior Personnel			6	4
Housekeepers,		Support workers, Carers and Domestic Helpers	59	59
			74	72

ANGIBLE FIXEDASSETS
	Freehold	Fixtures,
	land and	fittings and
	buildings	equipment	Total
	E	8	6
Cost or valuation
At 1 April 2021	23,462,065	755,587	24,217,652
Additions	9,436,092		9,436,092
At 31 March 2022	32,898,157	755,587	33,653,744
Depreciation
At 1 April 2021	2,159,141	722,208	2,881,349
Charge for the year	123,621	7,427	131,048
At 31 March 2022	2,282,762	729,635	3,012,397
Net book values
At 31 March 2022	E30,615,395	825,952	E30,641,347
At 31 March 2021	F21,302,924	E33,379	F21,336,303

	2022	2021
		E
Prepayments	7,885	7,885
Rent debtors	30,751	30,211
Other debtors	7,674	7,939
	646,310	L' 46,035

CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2022	2021
			K	6
Trade creditors			899,076	24,511
Other taxes and social	security costs		44,228	35,572
Accruals and deferred	income		193,243	79,455
Other creditors			29,155	28,078
Loan due to The Abbeyfield		Society		50,000
Bank loan (secured)			8,414,800	9,567,515
			69,580,502	L' 9,785,131

10	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
		2022 8	2021f
	Deferred income	L' 15,644,597	F6,099,223

ANALYSIS OF FUNDS
			(Deficit)l
			surplus
		Balance	for the		Balance
		1.4.21	year	Transfers	31.3.22
			8	8	8
Restricted funds
Polly's Field		985,184	(109,631)		875,553
Designated funds
Polly's Field		1,500,915		(393,966)	1,106,949
Major Repairs - Felsted House		167,742		20,000	187,742
Refurbishment of
Great Bradfords House		434,730			434,730
Refurbishment ofWickham
House		327,960		2O,OOO	347,96O
Upgrade of bathrooms Fixed Asset Fund		250,000 1,865,765		(78,105)	250,000 1,787,660
		4,547,112		(432,071)	4,115,041
Income and expenditure	account
Revenue Reserve			317,929	432,071	750,000
Total reserves		8 5,532,296	8208,298	F -	8 5,740,594

		Unrestricted	Restricted	Total
		2022f	2022f	2022f
Fixed assets		17,457,476	13,183,871	30,641,347
Current	assets	324,346		324,346
Current liabilities Long term liabilities		(1,165,702) (11,751,079)	(8,414,800) (3,893,518)	(9,580,502) (15,644,597)
		f4,865,041	f875,553	f 5,740,594

Social Housing	Social Housing	Grants received	properties	are released	over ths life of
the property, except for Felsted House as this property			is not depreciated:
				2022 f	2021f
Great Bradfords		House		2,036,227	2,082,503
Wickham	House			206,666	213,332
Felsted	House			350,315	350,315
				f.2,593,208	f 2,646,150
Included	within:			2022f	2021f
Deferred	income	within one year		52,945	52,945
Deferred	income	two to five years		211,778	211,778
Deferred	income	after five years		2,328,485	2,381,427
				f2,593,208	f 2,646,150

The Society paid travel expenses in respec	t of the following Trustees:
	2022	2021
A Cramphorn	R264	644
M Quaife	5-	F 152
J Perry		f 82
I Norgett		5 145

ACCOMM	ODATION IN M	ANAGEMENT
			2022	2021
Number	of units of housing	accommodation
At 1 April	2021 and 31 March 2022		66	66

					2022	2021
Financial	assets measured		at the transaction	price	631,001	F 30,461
Financial	liabilities	measured	at the transaction	price	625,177,404	F 15,845,315

		Balance at		Other	Balance at
		1 April		non-cash	31 March
		2021f	Cash flows	changes E	2022
Cash		34,312	243,724		278,036
Cash	equivalents
Cash	and cash equivalents	34,312	243,724		278,036
Loans		(9,617,515)	1,203,355		(8,414,160)
		F(9,583,203)	1,447,079	6 -	6 (8,136,124)

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
			6	E	6
Turnover			1,525,862		1,525,862
Operating expenditure			(1,304,267)	(45,976)	(1,350,243)
Operating surplus			221,595	(45,976)	175,619
Other income
Other interest receivable		and
similar income			14,204		14,204
Donations			35,241		35,241
Sundry income			3,947		3,947
Total comprehensive	income		274,987	(45,976)	229,011
for the year
Net transfer to designated			(638,251)		(638,251)
reserves
Total comprehensive	income
for the year after	transfers		(363,264)	(45,976)	(409,240)

		Great
		Bradfords	Wickham	Felsted	Total
		House	House	House	2022	2021
		f	f	f	f	f
Income
Rent/service charges to	residents	611,497	371,644	314,225	1,297,366	1,246,394
Voids		(12,096)	(82,530)	(8,256)	(102,882)	(49,283)
Social Housing Grant Release		46,278	6,667		52,945	52,945
		645,679	295,781	305,969	1,247,429	1,250,056
Care package fees					287,180	275,806
Polly's Field income					137,697
Total income					1,672,306	1,525,862
Expenditure
Management and administration		59,106	28,231	20,965	108,302	107,944
Depreciation		87,835	24,200	19,013	131,048	131,103
Repairs and maintenance		43,966	15,093	16,707	75,766	65,594
Service costs		761,148	210,637	119,489	1,091,274	999,815
Guest Suite income		(1,222)			(1,222)	(189)
		950,833	278,161	176,174	1,405,168	1,304,267
Polly's Field development	costs
(restricted)					109,631	45,976
Total expenditure					1,514,799	1,350,243
Surplus for the year before
additional Society income					157,507	175,619
Additional Society income
Bank deposit interest received						14,204
Sundry income					2,814	3,947
Other donations					47,977	35,241
Total additional net income					50,791	53,392
Surplus for the year (before transfers)					f208,298	f 229,011

			Great
			Bradfords	Wickham	Felsted	Total
			House	House	House	2022	2021
			8	f		8	8
Management and
administration
Rates and water			8,482	4,435	4,456	17,373	17,089
Property insurance			10,768	6,730	4,038	21,536	19,998
Audit and accountancy			2,904	1,815	1,090	5,809	5,994
Affiliation fes			9,178	5,507	3,671	18,356	18,173
Telephone			2,152	1,090	955	4,197	4,372
Advertising			770	2,258	940	3,968	1,551
Travel			110	86	42	238	534
Printing, postage and
stationery			930	1,693	404	3,027	1,079
Legal and professional		fees	744			744	6,053
General			3,057	590	815	4,462	3,137
Bank charges			748	446	302	1,496	1,704
Garden upkeep			4,904	2,400	3,415	10,719	8,543
Training			293	71	144	508	144
Bookkeeping			1,777	1,110	693	3,580	4,332
Care costs
(excluding staff costs)			12,289			12,289	15,241
			59,106	28,231	20,965	108,302	107,944
Depreciation			87,835	24,200	19,013	131,048	131,103
Repairs and maintenance			43,966	15,093	16,707	75,766	65,594
Service costs
Wages and national	insurance		202,893	170,754	68,113	441,760	490,073
Wages and national	insurance
- care staff			381,240			381,240	357,952
Recruitment expenses			168	96	86	350	2,616
Housekeeping and	catering		138,345	16,748	21,312	176,405	72,123
Tunstall
Light and heat			31,850	13171	9,695	54,716	51,966
Cleaning			4,120	2313	14,065	20,498	9,479
Support costs			2,532	7,555	6,218	16,305	15,606
			761,148	210,637	119,489	1,091,274	999,815