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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|
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|||||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|
##
##
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|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|
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|||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|
##
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|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|
|9|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|
##
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|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|
##
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|||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|in respect of completed|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|
##
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|ACCOMM|ODATION
IN M|ANAGEMENT|||
|---|---|---|---|---|
||||2022|2021|
|Number|of units of housing|accommodation|||
|At 1 April|2021 and 31 March 2022||66|66|
##
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||||||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|
##
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##
|||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)|
##
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##
||||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)|
#
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|||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|
##
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##
||||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|