2021-09-30-accounts - The Abbeyfield Worcester And Hereford Society Limited

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Reference and Administrative	Reference and Administrative
Trustees' Report		2to 5
Independent Auditors'	Report	6to 8
Statement ofFinancial	Activities
Balance Sheet		10to 11
Statement ofCash Flows		12
Notes to the Financial	Statements	13to23

			Unrestricted	Restricted	Total
			funds	funds	2021
		Note	K	6	6
Income and Endowments	from:
Donations and legacies Charitable activities Investment income			7,404 499,643 4	3,562	10,966 499,643 4
Total Income			507,051	3,562	510,613
Expenditure on:
Charitable activities		6	(594,556)	(2,337)	(596,893)
Total Expenditure Gains/losses on investment	assets		(594,556) 300,633	(2,337)	(596,893) 300,633
Net income			213,128	1,225	214,353
Net movement in funds			213,128	1,225	214,353
Reconciliation offunds
Total funds brought forward			2,191,885	8,430	2,200,315
Total funds carried forward		20	2,405,013	9,655	2,414,668
			Unrestricted	Restricted	Total
			funds	funds	2020
		Note	6	6
Income and Endowments	from:
Donations and legacies Chadtable activities			12,455 697,087	4,278	16,733 697,087
Total Income			709,542	4,278	713,820
Expenditure on:
Raising funds Charitable activities			(129,287) (568,779)	(284)	(129,287) (569,063)
Total Expenditure Gains/losses on investment	assets		(698,066) 21,599	(284)	(698,350) 21,599
Net income			33,075	3,994	37,069
Net movement in funds			33,075	3,994	37,069
Reconciliation offunds
Total funds brought forward			2,158,810	4,436	2,163,246
Total funds carried forward		20	2,191,885	8,430	2,200,315

								2021	2020
							Note	6
Fixed assets
Tangible assets Investments							12 13	615,141 3,400,577	646,383 3,099,944
								4,015,718	3,746,327
Current assets
Debtors Cash at bank	and	in hand					14	7,033 194,069	13,084 263,932
								201,102	277,016
Creditors: Amounts			falling due	within one year			15	(97,046)	(89,399)
Net current assets								104,056	187,617
Total assets 0 6)t:0	less	current liabilities 0 I I~ 0 0 It			tt	7	16	4,119,774 ~),700,)00)	3,933,944 11,733,620)
Net assets								2,414,668	2,200,315
Funds ofthe	charity:
Restricted funds								9,655	8,430
Unrestricted	income		funds
Unrestricted funds								2,405,013	2,191,885
Total funds							20	2,414,668	2,200,315

				2021	2020
			Note	6	6
Cash flows from operating	activities
Net cash income				214,353	37,069
Adjustments to cash flows	from noncash	items
Depreciation interest received				38,184	39,011
Interest payable Revaluation ofinvestments				(4) 65,978 (300,633)	69,599 (21,599)
				17,878	124,080
Working capital adjustments
Decrease in stocks Decrease/(increase) in debtors Increase in creditors Decrease in deferred income			14 15 16	6,051 6,488	129,287 (966) 16,780 (8,415)
Net cash flows from operating	activities			30,417	260,766
Cash flows from investing activities
Interest receivable and similar	income			4
Interest payable Purchase oftangible fixed assets			12	(65,978) (6,942(	(69,599) ~(36.473
Net cash flows from investing	activities			(72,916)	(106,072)
Cash flows from financing activities
Repayment ofloans and borrowings			16	~27.394	~((6,279
Net (decrease)/increase in cash and cash equivalents				(69,863)	38,415
Cash and cash equivalents at	1 October			263,932	225,517
Cash and cash equivalents at	30September			194,069	263,932

Governance costs
		Unrestricted
		funds
Staff costs		General E	Restricted funds E	Total 2021 E	Total 2020 E
Wages and salaries Social security costs Pension costs Audit fees		226,242 5,933 9,354		226,242 5,933 9,354	224,094 11,565 9,106
Audit ofthe financial statements Staff and trustee expenses Legal and professional fees Estate agent fees		7,850 5,963 7,798		7,850 5,963 7,798	7,850 2,914 6,194
Marketing and publicity Depreciation, amortisation	and	26,404		26,404	6,558 645
other similar costs Other governance costs		37,597 267,415	588 1,749	38,185 269,164	39,011 261,126
		594,556	2,337	596,893	569,063

Net income/(	expenditure) for the year is stated afier	charging/(crediting):
Audit fees		2021f	2020 8
Depreciation	offixed assets	7,850 38,185	11,590 39,011

10Staff costs The aggregate payroll costs were as follows:
	2021	2020
	5
Staff costs during the year were:
Wages and salaries Social security costs Pension costs	226,242 5,933 9,354	224,094 11,565 9,106
	241,529	244,765

chad	ity during the year expressed as full ti	me equivalents was as follows:	emp	oye by	th
		2021		2020
Full	time	No		No
Part	time		1		1
			14		14
			15		15

12Tangible fixed assets		Furniture
	Land and	and
	buildings f	equipment E	Total 6
Cost
At 1 October 2020 Additions	523,840	382,911 6,942	906,751 6,942
At 30September 2021	523,840	389,853	913,693
Depreciation
At 1 October 2020 Charge for the year	47,250 10,500	213,118 27,684	260,368 38,184
At 30September 2021	57,750	240,802	298,552
Net book value
At 30September 2021	466,090	149,051	615,141
At 30 September 2020	476590	169,793	646 383
13Fixed asset investments
Investment properties		2021f 3,400,577	2020 6 3,099,944

Investment properties
			Investment
			properties f
Cost or Valuation
At 1 October 2020 Revaluation			3,099,944 300,633
At 30September 2021			3,400,577
Provision
At 30September 2021
Net book value
At 30September 2021			3,400,577
At 30September 2020			3,099.044
14Debtors
		2021	2020
Trade debtors Prepayments		E 5,497 1,536	E 5,321 7,763
		7,033	13,084
15Creditors: amounts	falling due within one year
		2021	2020
Bank loans Trade creditors Other taxation and social Security deposits Accruals	security	E 28,523 3,228 34,541 11,755 18,999	K 27,364 4,276 33,219 12,180 12,360
		97,046	89,399

20 Funds
		Balance at 1October 2020 6	Incoming resources 8	Resources expended E	Other recognised gains/(losses) 6	Balance at 30 September 2021 6
Unrestricted	funds
General		(2,191,885)	(507,051)	594,556	(300,633)	(2,405,013)
Restricted funds		(8,430)	(3,562)	2,337		(9,655)
Total funds		~2,200,375	~570673	596.893	~300633	~2.414.668
		Balance at 1October 2019	Incoming resources 6	Resources expended E	Other recognised gains/(losses)	Balance at 30 September 2020 6
Unrestricted	funds
General Restricted funds		(2,158,810) ~4,430)	(709,542) ~4,278)	698,066 284	(21,599)	(2,191,885) ~8,430)
Total funds		~2, 763.246	~773,820	698.35D	~27,599	~2,200.375

		Unrestricted
		funds
			Restricted
Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year		General f 613,267 3,400,577 201,102 (97,046) (1,705,106)	funds E 1,874	Total funds 6 615,141 3,400,577 201,102 (97,046) (1,705,106)
Total net	assets	2,412,794	1,874	2,414,668

			Total	Total
			2021	2020
		Note	6	6
Income and Endowments	from:
Donations
Other income Income from lettings Service charge income Apartment sales Interest on cash deposits			3,562 7,404 164,257 335,386	4,278 12,455 184,238 347,324 165,525
Total Income			510,613	713,820
Expenditure on:
Cost ofapartments sold Wages and salaries Staff NIC (Employers) Staff pensions (Defined contribution) Staff and trustee expenses Rates			(226,242) (5,933) (9,354) (5,963)	(129,287) (224,094) (11,565) (9,106) (2,914)
Water rates			(7,785)	(4,200)
Light, heat and power Insurance			(7,874) (49,351)	(10,211) (47,366)
Repairs and maintenance Telephone and broadband Membership fee Sundry expenses Sundry expenses Catering and cleaning Marketing and publicity The audit ofthe charity's annual accounts Legal and professional fees Estate agent fees Irrecoverable VAT Bank charges Interest payable Depreciation offreehold property Depreciation of plant and machinery Depreciation offixtures and fittings Depreciation offixtures and fittings Total Expenditure Realised gains/losses on investment assets			(15,570) (38,227) (3,753) (13,212) (4,707) (1,749) (46,687) (26,404) (7,850) (7,798) (13,969) (302) (65,978) (10,500) (10,975) (16,122) ~588 (596,893) 300,633	(14,048) (26,957) (3,764) (14,344) (3,374) (48,938) (645) (7,850) (6,194) (6,558) (18,087) (238) (69,599) (10,500) (11,260) (16,967) ~(284 (698,350) 21,599
Net income			214,353	37,069
Net movement in funds			214,353	37,069