2022-05-31-accounts - The Abbeyfield Thirsk And Sowerby Society Limited

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

Money	M	etrics in accordance with the Technical note	guidance.
Metric	1	Reinvestment N		2396
Metric	2	a) New supply delivered social housing		OSo
		b) New supply delivered non social housing		67%
Metrics	3	and 4are Zero on the basis that the Society	has no debt or loan finance.
Metric	5	Headline social housing cost per unit		E7,273
Metric	6	Operating Margin (Social housing lettings	only)	19.596
		Operating Margin (Overall)		21.816
Metric	7	Return on Capital Employed		3.516

						Unrestricted	Restricted	2022	2021
					Notes	Funds	Funds	Total	Total
						E	E	E	E
Income from:
Fundraising
Charitable	activities
	Residents charges					266,497		266,497	269,819
	Sundry income					160		160	6,377
Investment	Income				2	21,345		21,345	22,337
Total income						288,002		288,002	298,533
Expenditure
Charitable	activities
	Direct charitable			costs		149,118		149,118	141,914
	Support costs					63,169		63,169	69,418
Investment	Income costs
	Investment	property costs				10,631		10,631	705
Governance	costs					2,385		2,385	2,401
Total expenditure						225,303		225,303	214,437
Net incoming resources for the year
Net Income	forthe year				6	62,699		62,699	84,094
Other recognised gains/losses
Transfer to/(from) revaluation				reserve	16
Transfer to/(from) restricted			reserve		17
Net movement in funds						62,699	0	62,699	84,094
Total funds	brought forward					1,728,116		1,728,116	1,644,021
Total funds	carried forward					1,790,815		1,790,815	1,728,116

2	Investment Income	Investment Income				Unrestricted	Restricted	2022	2021
						funds	funds	Total	Total
						E	E	f	E
	Investment income
	Rental income					21,337		21,337	22,315
	Bank interest					8		8	22
						21,345		21,345	22,337
3	Charitable Activities		Expenditure			Unrestricted	Restricted	2022	2021
						funds	funds	Total	Total
						E	E	E	f
	Direct charitable	costs
	Staff costs					45,152		45,152	46,708
	Food and provisions		including	cleaning materials		21,151		21,151	23,176
	General and water rates					3,260		3,260	2,610
	Repairs and maintenance					23,201		23,201	21,226
	Garden maintenance		and window		cleaning	8,133		8,133	5,810
	Heating and lighting					15,458		15,458	12,136
	Miscellaneous expenses					1,864		1,864	1,962
	Staff training					360		360	556
	Lifeline					2,705		2,705	2,662
	Advertising					2,262		2,262	0
	Depreciation					25,572		25,572	25,068
						149,118		149,118	141,914
	Support costs
	Staff costs					51,401		51,401	54,953
	Affiliation Fee:The Abbeyfield			Society		2,428		2,428	3,840
	Insurance					3,284		3,284	3,400
	Bookkeeping and	payroll costs				1,770		1,770	1,585
	Miscellaneous expenses					215		215	270
	Telephone					2,934		2,934	2,637
	Legal and professional		fees			1,136		1,136	2,732
						63,169		63,169	69,418
	Total Charitable	activities expenditure				212,287		212,287	211,332
4	Investment income costs					Unrestricted	Restricted	2022	2021
						funds	funds	Total	Total
						E	E	E	E
	Investment property		expenses
	Insurance					696		696	435
	Professional fees					3,613		3,613
	Gas certificates					74		74	190
	Cleaning					58		58
	Repairs and renewals					6,190		6,190	80
						10,631		10,631	705

2022	2021
Number	Number
15	19

The Com	pany o	per	ates	a defined contribution	pension scheme in respect ofem	ployees.
					2022	2021
					E	E
Pension	charge	for	the	year	4,227	4,183

Tangible Fixed Assets
		Fixtures
	Housing	Fittings &
	Property	Equipment	Total
	E	E	E
Cost or Valuation
At 1June 2021	1,898,636	134,482	2,033,118
Less:Social Housing grants to date	(824,888)	(17,132)	(842,020)
Net purchase cost	1,073,748	117,350	1,191,098
Additions		6,953	6,953
Less:Social housing grants during the year
At 31May 2022	1,073,748	124,303	1,198,051
Depreciation
At 1June 2021	350,383	96,987	447,370
Charge for the year	21,475	4,097	25,572
At 31May 2022	371,858	101,084	472,942
Net BookValues
At 31May 2022	701,890	23,219	725,109
At31May 2021	723,365	20,363	743,728

			Housing
			Property
			E
Cost or Valuation
At 1June 2021			545,000
Additions			409,995
Net Book Value
At 31May 2022			954,995
At 31May 2021			545,000
Comparable historical cost for the land and buildings	included	at valuation
Cost or Valuation
At 1June 2021			433,257
Additions			409995
At 31May 2022			843,252
Depreciation
At 1June 2021			119,295
Charge for the year			16,865
At 31May 2022			136,160
Net Book Values
At 31May 2022			707,092
At 31May 2021			313,962

Debtors	2022	2021
	E	E
Rent debtors
Other debtors	6,399	4,664
	6,399	4,664

within one year									2022	2022				2021
										f				f
Trade Creditors										3,490				2,502
Rent received in advance
Accruals and deferred	income									3,679				3,768
PAVE account
										7,169				6,270
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 tofnil as at	31May		2022 (2021-	6nil).
Analysis of Net Assets	between		funds				Unrestricted		Restricted					Total
								funds	funds					funds
								f		f				f
Fund balances at 31May		2022	as represented		by:
Tangible fixed assets								725,109						725,109
Investment properties								954995						954,995
Current assets								117,880						117,880
Current liabilities								(7,169)						(7,169)
								1,790,815						1,790,815
Movement in funds					At									At
				01-Jun			Incoming		Outgoing					31-May
					2021		resources		resources		Transfer			2022
Unrestricted Funds
Unrestricted Funds					1,468,524			288,002	(225,303)			(8,187)		1,523,036
Designated reserve —Major repairs					81,866							8,187		90,053
Total unrestricted funds					1,550,390			288,002	(225,303)					1,613,089

At				At
01-Jun	Incoming	Outgoing		31-May
2021	resources	resources	Transfer	2022
E	E	E		E