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2021-05-31-accounts

The Abbeyfield Thirsk & Sowerby Society Limited

Trustees' Report and Financial Statements

For the Year ended 31 May 2021

Charity Number: 259951 Company Number: 953566

Cummins Young

39 Westgate Thirsk North Yorkshire YO7 1QR

The Abbeyfield Thirsk & Sowerby Society Limited

Contents

Contents
Page
Legal and Administrative Information 1
Trustees' Report 2-4
Independent examiners report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8-15

The Abbeyfield Thirsk & Sowerby Society Limited

Legal and Administrative Information

Charity Number 259951
Company Registration Number 953566
Registered Office The Limes
Sowerby
Thirsk
North Yorkshire
YO7 1HX
Trustees AA Bardon Chairman
Mrs A D Turner Treasurer
J Digby resigned 19 June 2021 (deceased)
Mrs S Holt
C Sykes
Mrs J Wilkin
Mrs G R Fox
Mrs S Walker
Company Secretary Mrs A D Turner
Independent examiner Adil Khan ACA
Cummins Young
39 Westgate
THIRSK
North Yorkshire
YO7 1QR
Bankers Yorkshire Bank PLC
116 High Street
Northallerton
North Yorkshire
DL7 8QW

Page 1

The Abbeyfield Thirsk & Sowerby Society Limited

Report of the Trustees (incorporating the Director's Report)

for the year ended 31 May 2021

The trustees, who are also directors of the Society for the purposes of the Companies Act 2006, present their report with the financial statements of the society for the year ended 31 May 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Society is registered with Homes England (number H3470), is a company limited by guarantee (number 953566), having no share capital and with solely charitable objectives, and registered as a charity (number 259951). The liability of the members in the event of a winding up is limited by guarantee to an amount not exceeding £1 per trustee.

The governing document is its memorandum and articles of association dated 1 December 2009.

TRUSTEES

The trustees who served during the year were as follows: AA Bardon Chairman Mrs A D Turner Treasurer and Company Secretary

J Digby Mrs S Holt C Sykes Mrs J Wilkin Mrs G R Fox Mrs S Walker

Mrs G R Fox and Mrs S Walker retire by rotation in accordance with the rules of the Society and being eligible, offer themselves for re-election at the Annual General Meeting.

New trustees are given adequate training in respect of their legal obligations under charity and company law, in particular in relation to the Charity Commission Guidance on Public Benefit, the company memorandum and articles of association dated 1 December 2009, and the trustees decision making processes.

ORGANISATION

A Committee of Directors, who meet quarterly, administers the Society. There are currently eight employees appointed by the Directors.

OBJECTIVES AND ACTIVITIES

The Directors have had regard to the guidance issued by the Charity Commission on public benefit. The principal activity and source of income of the Society is the provision of sheltered accommodation for the elderly in accordance with the aims and principles of the Abbeyfield Society Limited.

REVIEW OF THE ACTIVITIES AND FUTURE DEVELOPMENT

The Society continues to develop and it is pleasing to note that The Limes has

been fully occupied over the last year which is very encouraging. Two of the rental properties have seen changes in tenancy but all Residents and Tenants enjoy living in quality accommodation.

The year from June 2020 to the end of May 2021 has been the most challenging year in all respects due to the Coronavirus pandemic and the unstinting commitment, dedication and sheer determination of every single person has helped to keep the environment at The Limes as safe as possible for residents and staff and is to be commended. The ever changing situation regarding rising infections in the area and nationally resulted in a constant review of the measures we had to put in place and everyone was affected by not being able to physically see and spend time with their friends and family for some considerable time. It is good to report that to date there have been no infections at The Limes and all residents and staff have kept well.

Page 2

The Abbeyfield Thirsk & Sowerby Society Limited

Report of the Trustees (incorporating the Director's Report) - continued

For the Year ended 31 May 2021

REVIEW OF THE ACTIVITIES AND FUTURE DEVELOPMENT - continued

When some restrictions were eventually eased, despite its tired demeanour, the summer house, which was purchased in 1998 in memory of our late first ever Housekeeper Miss Oates, came into its own on numerous occasions by acting as a hair salon and outdoor meeting point allowing some ‘normality’ to be reintroduced and although it will be replaced in the coming year with a new one, the old summer house will be remembered with affection.

In the midst of all the ups and downs The Limes celebrated two birthdays of 101 and residents have enjoyed ‘socially distanced’ gatherings by way of quizzes and talks and enjoyed joining together for lunch on a daily basis when it was safe to do so.

There has been one change of occupancy in the rental properties and one change of occupancy in The Limes which is very encouraging.

Executive meetings took place online using ‘Zoom’ as face to face meetings were not allowed and this was a new opportunity which allowed Trustees to ‘meet’ and The Society’s business to continue.

Despite the anxious nature of the past year it has been rewarding and successful at the same time and special thanks go to the staff and friends of The Limes for their dedication and to the Trustees for their unstinting commitment and devotion to the ongoing success and sustainability of The Society.

FINANCIAL RESULTS

Occupancy levels during the year were approximately 99% (2020 - 99%). The results for the year are as set out in the income and expenditure account and the surplus on ordinary activities of £84,094 (2020 - £91,256) will be transferred to the income and expenditure accumulated surplus. In addition the Major repairs reserve has increased by £7,422 (2020 - £6,766) in the event of the need for major refurbishments.

The financial position at the end of the year is shown on page 7. The Directors consider the results for the year and the state of affairs of the Society to be satisfactory.

RESERVES POLICY AND RISK MANAGEMENT

The Directors aim to keep cash reserves equivalent to three months running costs (approximately £60,000). Any surplus funds will be retained and used to assist in the purchase of future housing properties and to ensure the properties are maintained to a high standard.

The Directors monitor the financial position of the Society at each committee meeting and also examine other operational and business risks. The Directors are satisfied that systems are in place to mitigate the exposure to the major risks by following the relevant Abbeyfield Standards procedures

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees (who are also directors of Abbeyfield Thirsk and Sowerby Limited for the purpose of Company law) are responsible for preparing the Trustees' Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and applications of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

Page 3

The Abbeyfield Thirsk & Sowerby Society Limited

Report of the Trustees (incorporating the Director's Report) - continued

For the Year ended 31 May 2021

STATEMENT OF TRUSTEES RESPONSIBILITIES - continued

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PUBLIC BENEFIT

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Society's aims and objectives and in planning its future activities. In particular the Trustees consider how planned activities will contribute to the Society's aims and objectives which they have set.

The Trustees are committed to furthering the Society's objectives primarily by providing high quality care and support to elderly users of the Society's facilities. It is the objective of the trustees each year to maximise the public benefit of the society in providing high quality care and support, having regard to the extent of the Society's income and reserves, the cost of the facilities and the ability of residents to make payments from their own resources

In accordance with the requirements of the Regulator of Social Housing the Society sets out below the Value for Money Metrics in accordance with the Technical note guidance dated June 2021.

Metrics 1 and 2 are Zero on the basis that there has been no increase in housing units during the year.

Metrics 3 and 4 are Zero on the basis that the Society has no debt or loan finance.

Metric 5 Headline social housing cost per unit £8,984
Metric 6 Operating Margin (Social housing lettings only) 22.6%
Operating Margin (Overall) 28.2%
Metric 7 Return on Capital Employed 4.6%

Signed on behalf of the Board

A A Bardon Chairman

Date 08 November 2021

Page 4

The Abbeyfield Thirsk & Sowerby Society Limited

Independent Examiners Report to the Trustees of The Abbeyfield Thirsk & Sowerby Society Limited

I report to the charity trustees on my examination of the financial statements of the company for the year ended 31 May 2021, which are set out on pages 6 to 15.

Responsibilities and basis of report

As the charity's trustees of the company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ("the 2006 Act").

Having satisfied myself that the financial statements are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act .

Independent examiner's statement

The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

the financial statements have not been prepared in accordance with the Charities SORP

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Adil Khan ACA

Date: 08 November 2021

Independent Examiner

Cummins Young Ltd 39 Westgate Thirsk North Yorkshire YO7 1QR

Page 5

The Abbeyfield Thirsk & Sowerby Society Limited

Statement of Financial Activities

(incorporating an income and expenditure account)

for the year ended 31 May 2021

Unrestricted
Notes
Funds
£
Income from:
Fundraising
-
Charitable activities
Residents charges
269,819
Sundry income
6,377
Investment Income
2
22,337
Total income
298,533
Expenditure
Charitable activities
Direct charitable costs
3
141,914
Support costs
3
69,418
Investment Income costs
Investment property costs
4
705
Governance costs
5
2,402
Total expenditure
214,439
Net Incoming resources for the year
Net Income for the year
6
84,094
Other recognised gains/losses
Transfer to/(from) revaluation reserve
16
-
Transfer to/(from) restricted reserve
17
3,053
Net movement in funds
87,147
Total funds brought forward
1,640,968
Total funds carried forward
1,728,115		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
(3,053)
(3,053)
3,053
-		 2021
Total
£
-
269,819
6,377
22,337
298,533
141,914
69,418
705
-
2,402
214,439
84,094
-
-
84,094
1,644,021
1,728,115		 2020
Total
£
-
265,481
95
22,242
287,818
134,650
59,629
647
-
1,637
196,563
91,256
-
-
91,256
1,552,765
1,644,021

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities

The notes on pages 8- 15 form an integral part of these Financial Statements

Page 6

The Abbeyfield Thirsk & Sowerby Society Limited

Balance Sheet

As at 31 May 2021

Notes
Fixed Assets
Tangible Fixed Assets
10
Investment properties
11
Current Assets
Debtors
12
Cash at Bank and in hand
Creditors: amounts falling
due within one year
13
Net Current Liabilities
Net assets
Funds
Unrestricted Income Fund
15
Designated reserve
15
Revaluation Reserve
16
Restricted legacy reserve
17
Total Funds		 £
4,662
440,994		 £
743,728
545,000
1,288,728
439,386
1,728,114
1,468,524
81,866
177,726
-
1,728,116
2021		 £
£
760,947
545,000
1,305,947
3,686
339,941
343,627
5,553
338,074
1,644,021
1,388,818
74,424
177,726
3,053
1,644,021
2020		 £
£
760,947
545,000
1,305,947
3,686
339,941
343,627
5,553
338,074
1,644,021
1,388,818
74,424
177,726
3,053
1,644,021
2020
1,305,947
338,074
445,656
6,270		 343,627
5,553
1,644,021
1,388,818
74,424
177,726
3,053
1,644,021

The charitable company is entitled to exemption from audit under S477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not deposited a notice pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the Board of Trustees on 8 November 2021 and signed on its behalf by:

A A Bardon Chairman

Mrs A Turner Treasurer

The notes of pages 8 - 15 form an integral part of these Financial Statements

Page 7

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements

For the Year ended 31 May 2021

1. Accounting policies

Company information

The Society is registered within the Homes England (number H3470), is a company limited by guarantee (number 953566), having no share capital and with solely charitable objectives, and registered as a charity (number 259951). The liability of the trustees in the event of a winding up is limited by guarantee to an amount not exceeding £1 per member. The registered address is The Limes, Sowerby Road, Sowerby, Thirsk, North Yorkshire, YO7 1HX.

Basis of preparing financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102), Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

As per paragraph 1.4 of the Housing SORP 2014, the Society has adopted the Charities SORP for its accounting periods from 1 June 2015.

Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The society is not registered for VAT. Expenditure, where applicable, includes irrecoverable VAT.

Support costs are those functions that assist the work of the Society but do not relate directly undertake the charitable activity. These costs include management, finance, payroll and governance costs which support the Social Housing.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Housing properties 2% reducing balance Fixtures, fittings and equipment 15% reducing balance

Housing land and properties are stated at cost. The cost of the properties is their purchase price together with incidental costs of acquisition.

Page 8

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements - continued

For the Year ended 31 May 2021

1. Accounting policies (continued)

Investment Properties

Investment properties are included in the balance sheet at their open market value. No depreciation is provided on investment properties.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectivities at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Explanations regarding these funds are included in the notes to the financial statements.

Pensions

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period in which they relate.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for ant trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Cash flow statement

The company has taken advantage of the disclosure exemption not to prepare a cash flow statement in preparing these financial statements as permitted by Section 7 of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Page 9

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements - continued

For the Year ended 31 May 2021

2
Investment Income
Investment income
Rental income
Bank interest		 Unrestricted
Restricted
2021
funds
funds
Total
£
£
£
22,315
-
22,315
22
-
22
22,337
-
22,337		 2020
Total
£
22,062
180
22,242
3
Charitable Activities Expenditure
Direct charitable costs
Staff costs
Food and provisions including cleaning materials
General and water rates
Repairs and maintenance
Garden maintenance and window cleaning
Heating and lighting
Miscellaneous expenses
Staff training
Lifeline
Advertising
Depreciation
Support costs
Staff costs
Affiliation Fee: The Abbeyfield Society
Insurance
Bookkeeping and payroll costs
Miscellaneous expenses
Telephone
Legal and professional fees
Total Charitable activities expenditure
4
Investment income costs
Investment property expenses
Insurance
Gas certificates
Repairs and renewals		 Unrestricted
Restricted
2021
funds
funds
Total
£
£
£
46,708
-
46,708
23,176
-
23,176
2,610
-
2,610
21,226
-
21,226
5,810
-
5,810
12,136
-
12,136
1,962
-
1,962
556
-
556
2,662
-
2,662
0
-
0
25,068
-
25,068
141,914
-
141,914
54,953
-
54,953
3,840
-
3,840
3,400
-
3,400
1,585
-
1,585
270
-
270
2,637
-
2,637
2,732
-
2,732
69,418
-
69,418
211,332
-
211,332
Unrestricted
Restricted
2021
funds
funds
Total
£
£
£
435
-
435
190
-
190
80
-
80
705
-
705
.		 2020
Total
£
43,128
24,814
2,461
16,424
4,799
13,044
2,198
1,485
1,979
0
24,318
134,650
44,057
1,229
8,367
1,349
248
2,048
2,331
59,629
194,279
2020
Total
£
429
-
218
647

Page 10

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements - continued

For the Year ended 31 May 2021

5 Governance costs Unrestricted Restricted 2021 2020 funds funds Total Total £ £ £ £ Independent examination fees 2,402 - 2,402 1,637

6 Net incoming/(outgoing) resources for the year

2021 2020 £ £ Net income/(outgoing) resources is stated after charging: Depreciation 25,068 24,318

7
Employees
Employment Costs
Wages and salaries
Social security costs
Pension Costs		 2021
£
96,048
1,350
4,183
101,581		 2020
£
73,631
1,298
4,895
79,824

Number of employees

The average monthly number of employees (including the Trustees) during the year, calculated on the basis of full time equivalents was as follows:

Hostel Staff
Management
Volunteers		 2021
Number
9
1
9
19		 2020
Number
7
1
9
17

There were no employees who received total emoluments of more than £60,000.

No trustees received any expenses during the year (2020 - £nil).

8 Pension Costs

The Company operates a defined contribution pension scheme in respect of employees. Contributions

2021 2020
£ £
Pension charge for the year 4,183 4,895

9 Taxation

The Charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these financial statements.

Page 11

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements - continued

For the Year ended 31 May 2021

10 Tangible Fixed Assets

Cost or Valuation
At 1 June 2020
Less: Social Housing grants to date
Net purchase cost
Additions
Less : Social housing grants during the year
At 31 May 2021
Depreciation
At 1 June 2020
Charge for the year
At 31 May 2021
Net Book Values
At 31 May 2021
At 31 May 2020		 Housing
Property
£
1,898,636
(824,888)
1,073,748
-
1,073,748
328,908
21,475
350,383
723,365
744,840		 Fixtures
Fittings &
Equipment
£
126,633
(17,132)
109,501
7,849
117,350
93,394
3,593
96,987
20,363
16,107		 Total
£
2,025,269
(842,020)
1,183,249
7,849
-
1,191,098
422,302
25,068
447,370
743,728
760,947

Page 12

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements - continued

For the Year ended 31 May 2021

11 Investment properties

Cost or Valuation
At 1 June 2020 and 31 May 2021
Net Book Value
At 31 May 2021
At 31 May 2020
Comparable historical cost for the land and buildings included at valuation
Cost or Valuation
At 1 June 2020 and 31 May 2021
Depreciation
At 1 June 2020
Charge for the year
At 31 May 2021
Net Book Values
At 31 May 2021
At 31 May 2020		 Housing
Property
£
545,000
545,000
545,000
£
433,257
110,630
8,665
119,295
313,962
322,627

The valuation of the investment property was made as at 31 May 2021 by the trustees, on an open market value basis. No depreciation is provided in respect of these properties.

The investment properties are let.

12
Debtors
Rent debtors
Other debtors		 2021
£
-
4,662
4,662		 2020
£
-
3,686
3,686

Page 13

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements - continued

For the Year ended 31 May 2021

13
Creditors: amounts falling due
within one year
Trade Creditors
Rent received in advance
Accruals and deferred income
PAYE account		 2021
£
2,502
-
3,768
-
6,270		 2020
£
2,095
-
3,868
(410)
5,553

The Housing Association Grant (HAG) was originally received in respect of Mitchell House, a property which was sold in 2015 and the balance was designated as Recycled Capital Grant Fund. The Recycled Capital Grant fund amounted to £nil as at 31 May 2021 (2020 - £nil).

14
Analysis of Net Assets between funds
Fund balances at 31 May 2021 as represented by:
Tangible fixed assets
Investment properties
Current assets
Current liabilities		 Unrestricted
Restricted
funds
funds
£
£
743,728
-
545,000
-
445,656
0
(6,270)
-
1,728,114
-		 Total
funds
£
743,728
545,000
445,656
(6,270)
1,728,114
15
Movement in funds
Unrestricted Funds
Unrestricted Funds
Designated reserve - Major repairs
Total unrestricted funds		 At
At
01-Jun
Incoming
Outgoing
31-May
2020
resources
resources
Transfer
2021
1,388,818
298,533
214,439
(4,389)
1,468,523
74,424
-
-
7,442
81,866
1,463,242
298,533
214,439
3,053
1,550,389

Purposes of unrestricted funds

The unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Amounts have been set aside for future major repairs that may be incurred in the medium to long term. The society is obliged to carry out works on a continuing basis on the properties to ensure that they are kept in good condition.

16 Revaluation reserve At At
01-Jun Incoming Outgoing 31-May
2020 resources resources Transfer 2021
£ £ £ £
Investment property revaluation reserve 177,726 - - - 177,726

Page 14

The Abbeyfield Thirsk & Sowerby Society Limited

Notes to the Financial Statements - continued

For the Year ended 31 May 2021

17 Restricted Funds
Restricted Funds At At
01-Jun Incoming Outgoing 31-May
2020 resources resources Transfer 2021
£ £ £ £
Restricted legacy reserve 3,053 - - (3,053) -

Purpose of restricted funds

The restricted legacy reserve relate to a legacy from Mrs C Collingwood, which can only be used for the benefit of The Limes.

18 Contingent liabilities and Capital Commitments

There were no contingent liabilities nor capital commitments at 31 May 2021 (2020 - Nil)

19 Ultimate Controlling Party

The Executive Committee has ultimate control over the Society.

20 Statutory information

Abbeyfield Thirsk and Sowerby is a company limited by guarantee and has no share capital. The number of trustees, whose liability is limited to £1 in the event of winding up.

2021 2020
Total Total
No of trustees 8 10

21 Housing Stock

Housing Stock
Units in management
2021 2020
Hostel accommodation
Number of bed spaces 12 12
Non Hostel accommodation
Bungalows 11 11
Flat 1 1

Page 15