099n ID.. 08FFBOM-F8C7498F42C>3SD57F87C1fj0 Company registration number.. 01032349 Charity number.. 263466 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) *A82UXNEY" 2PJ0412022 COMPANIES H(YJSE MENZIES BRIGHTER THINKING
DocuSb3n Envekw¢10.. 08FFB03A-F8C7498F•235OS7F87Cl8o ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) CONTENTS P4e Ref•r•n¢• #nd admlnL8tratl¥• detslls of th• Company. hs Trustees and adTAsers Ind•pendent •xamlngrf$ report Ststsmetrt olfinanelal athlllts Balan¢• she•t to th• flnanclal slalements 8-16
DocuSgTh En¥dope ID.. D8FF803A-FeC7498FA2CWb7F87C1 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Tru$t•8s L•wra Corden. Cha Roger Farrow. Trus Denisè Knight, Tntstee Tsa Rafflsd. Trustee Ni¢hc4as Deakin. Tnjstee Oaniel J¢yttan. Trustee Company r•glst•rtd nUMr 01032349 ¢harfty r*olsteThl nwnber 263466 R•gl$t•r•d office 34 Somers Road Regate Surrey RH2 9DZ Accovntsnts menz LLP Chartered A¢coLWrtwts Centrurn HaSe 36 Ststion Ro&J Egham . Surrey IW20 9LF Page 1
Doujsryn ID.. 08FF8OW8C7498F42C>35D57F87C180 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees present their annual rtwt it#Jethef wilh thè finala1 stslements of the Company for the year 1 January 2021 to 31 December 2021. The Annual report sewes the purposes of both a Tru5tees' report and a diredors, report under o)mpany law. The Trustees confim that the Annual report and ffinancial staternents of the charitaÈ company compty with the current ststutory requirements. the reqUIrnents of charitablè compan$ goveming dement and th& provisions of the Statement of Recomrrende(I Pracb¢e {SORP} apF4icabk to eS prepariTrJ their accounts in accordanee tr Finanaal Reportir¥J Standard appb'cabfe in the UK and Rerthh"c of Ireland IFRS1021 {effvcb"ve 1 January 20191. O¥r¥lew 2021 li has tn an eyots"TrJ year as finalty ts third phase of tyJr de%elopnert plarts ha been actd. having téen significanly delayed by the nece$$ary restsictrjns imposed by the Co¥id paThYemic. The krtchen had been n0Vated in late 2020 but in aulL¥nn 2021 we ware able to cornmerKe works on the (lemdition of the exisbn9 conservatory. vthith was poorty insulatèd, Itaktd and was very limrted in srLe. A muth larger and $ub$tantial garden room has been ¢on$tructed. significanly enhanung the property and the ameoitses for festhnts. In add'on. the dining roorn was enlarged and preparations lor the instsllakn of a lfft to Ihe firsl flw has cornmenttd. This has in Itself resulted tts some remodelling of the first floor of the hottse the dtrwnstairs hN¥ay. The heatirKJ system has been substantialty upgraded and a mo surtab18 palhway has been created in the garden for the reS3ents tcfjelher a laryer swnrnerhouse. Overall. ihe works rop$&nt a mucneede(l modemisalTh to il cLMUnal areas. We began 2021 very relved to have c4Jmmenced the first of the Cowd vacanations lor our residents and maintained caubous arrangements at the house invdviTrJ sanrfizabon and testsrg precautsons anLI wsrtor restricbms. Four SIdents contracted Covhy but fortunately th&"r symptoms were rn. aTrJ all rewered VpI. No other re$ents or Staff were infected ¢Jue to the precauts.ons that We aadY in Kla. In auiumn 2021 in anic¥Jation ol the retirernent of a key membw of OLty Staff, Suc$S1On plars •ffet#ivety put into FAaee Ihertby ènJring a sme4Jlh tra1110 Havin9 Started the year wth fiAI oc4)Jpary by the er#J of the year, vacancies had wi5en as a result of some residents moving to rw homes ilh Ca and Sad the ¢Jeath of ¥Jents (not COVKI related). Wrth the anticipated develowent works at the house. rocffjs Ere left vacant to ensure 9Wter fieyJ"bilty of arrangements during Ihe works. The fouJ$ now is to fill the vacarK4e5 a5 the building works to an WKI. Anotsr thallenge laring the Abbeyfiel¢Y Rale will be Ihe irw&wng costs ¢Mi 2022 aThJ vrtrèès sem• Costs ean bè managed. many- and in partycular ergY costs- are ¥ery much Yid rts control. Fixed prtt tontracts are in plaee, but this only ternFers the expect8d increases. constitution Abbeyfiehl Reigate Society knmited is registered as a chantsble company b"mrted by guarantee. tt was registered as a charity on 6 January 1971 and 1CpOrated on 24 Nober 1971. The governiry th)oJment is its memorandum and ar$ Of.aSsati. ¢h•rllabl• obl¢¢ts Abbeyfield Reigatss main purp0585 as set in the objects contaiwl in its memornnkni ofassociatv)n a. in summary, thè relief and ¢ar8 oftbjwty pen$ and the prnlon ofvduntrry work. Oble¢tl¥es and activttl In setbng ots'ecty¥es aTrJ planniThJ for a(vLtss. the Trustees 9¥en consK1eratwM to general 9u#Jance published by Iho Chanty Commission relatirb3 to wknh'c benefft. IndEn9 the guJance'Put4i¢ teneft wnnin9 a charity IP821'. The printspal ath.wty ol Atthyfiekl Reigate is the of affordab sheltered acccfnrnodation %%iih a htrfnèly almosphere for independent older people aft(dIrj [df from bneliness and the 5tres5es ol runn0 a home. There is an emphasis on companionship ano Communffjf aCtbeS lor the sidents. MO generally AbbeYj Rewjate seeks to alun itselfwith the aims and prinwles of ts Abbeyfield So¢*ty L471rted. Abbeyfield Reigate is a150 invol¥ed In th• Rew ccfflunty with kKal ¥duntsry organisatjons and wth other ch1t18s affiliated to Ihe Afr&8yfield Socitty Ltd Pag• 2
DoDJSlgrsEn¥eW ITr. DaFFB03A-FBC7498F.A2C&35D57F87C1&) ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2021 Abbeyfiekl House some Ro•J. RevJate. SuThey was owvjirsalty acquired aTrJ c1)nVe ito its wrrent in 1973 wth rno$t of the capilal to finance the onginal project Proded by funds. More renly. th8 capauty of the house Vrn5 ireaSed by tho Conversh of Ihe garage inlo an extra surte of r00rn5 and Jrnfy extensive work5 are underway to enhan the communal laolities of thè house. This work wa5 substantsaW financed by gerOuS grants from thè Bryan and JunE Foundation and Ircffl reseNes of Atjbeyfield Reigate speufically set aside for thi5 woffK. lrnprovements to the communal lacilibes of Abbeyfiekj house will not enhance the IMrvJ experient8 01 tha I11ents bui will also prod• facilities more suitable for involbvnent of othet oJef local people in the life and a¢b"Ve9 of the house. A fvture obje('ve of AbbeyfiehJ RevJ. in addrtKJn to builJin9 on lis wrrent obJ"ecb"ves. is a greater involvement wth the hxal comrnunty. reaching out to dderty an(1 lonety iTrknduak5 vho Uld tenefit frryn Ihe support ofthe Abbefftld Rw9ate community. Reerullment and appolntment 0lTnJstets The directors of the Ccfflpany ate also kno4vn as tharity trustees for Ihe purposes rjf Charity law and under the Company's artides are also knovm as mernbets. They are dected to serve a penod ol Ihree year5 after which thèy rnu$t be r elected at the next Annual General Meeting. AJ diredotsltrustees gNe their tirne Vdurrtarily and reNe no benefits frorn the C¢)mpanylchaiity. Any expenses redaimed by tjirectorthtstees a ¢yJt in note 9 to the ac(xJunts. New trystees are invited enDJwawJ to attervj a Ser of short trainyg sessions to familiarise themselve¥ t•thh the dwrity. All trustees are peri(hJicaly offered Ihe opporiuixty 10 uThJèrta(e frJthr trainiThJ retevant to thè management of 1he house and charrty. Voluntee Abteyfiekd Revjate deri¥es rThJch nefft frryn a wTJ8 of vdunteers $UFwi the house and IhB re$idents throughout the year. Ath'wb"trs of Il voluntew5 Indja petsonal support to re5Klents. resident shopping, resideni outings. day lo day assistsnce about the house and In the garden. Ir has also berfilled from the support of local companies who offer teams to Abbeyfiekj Regate on volunteer days anLI are 9enerany inwlved with specific projec¢s. Abbefftld Reigate is very appreciatNe of th¢ support that it recei%YJ frryn its ¥nIer$ very much part ot the ethos gfthe ¢harity. Financlal R•vlew Th8 rosults the year a set ¢xrt on page 6 to 16. vas operatsd at 82.4% of capacty duriry the year und•r review and voids amwnted to £32.46912020" £11.7581. Golng ¢on¢?rn After rnsking Jprtpriat• •Th]uiries, Ihe Trustee5 • rèasonab •xFrtation that the Company has adèquats resources to conb.nue in operational existence lor the foreseeab frJIu. Fw this asCffl. they continue to adw the going Conrn basis in prèparing Ihe financial statements. Furthor detaiLs fegardir4J the Jopbon of iha going concem bas¢s can b8 fourtd in th• a¢Un1Y4 polio•s. Pbln¢lpal sources ol fundlng The Company is an independent ¢ho(ity and fvnds ils ¢horrtth eXpendthJ mainty through its tharges to widents for accommodation and supwrt SWV7s, but rt also rasses fvndirg Ihrou9h le9acies, donatn$ and other fvjndraising a¢knvstse$. Prfn¢lpal rlsks to the operatlon of the ¢ompanylCh•rlty The Trustees have assessed the rnain risks to its operations as a substantial drw in 0¢panCY levels WIt.n 3 short period,. lo$$ ol income or inrxeased cost ofwothirg as a of tein9 unable to use part or al the house for up to 3 months atMI Page 3
DO$Tr Envekye ID." 08FFBOWBC7498F42C&35057F87C180 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Res•ryes poll Thè Twstees have examined its requirernents for res8rbts in the light of the main risk5 to its operats"ons. They have therelore estsbltsld a Oicy vfvrEby emeryency reserve ol t50.000 shoukl be maintatned from unrestricted lunds not committed or investsd in taNJible fixed assets and thi5 equates to approximatety 4 months of expBnditur•. Charitable support expenditure in 2021 tolaled £127.245. This emepjency reserve is fvtjjed as at 31112r21. The Twstees have also adopted a pc4w thatextept in exptional Ofcumst¢es. expenditure on major projects should bt fijnded only from ex(w net irKxyne lUntriCIyI eartier finanrial years. This poliry has enabled the Company to commit to the Paral fijnding of the impro¥ement works to the house amounts.rg to £31,216 actual paid as at the end of 2021 bui with an existtng commitmenl as at the end of 2021 to a further estimated £101,736. It is esb"mated that 8ft¢r cOrW8tn ofthe improvement Irks, £30,930 11 be in the major prLVt5 rese8. The Trustees have assessed that both reseThes are needed to meet Ihe working wtal requIreTrnts of the Company and that at this level the Company woukj bè abl8 to conlinue its CunI adt¥ibèS In the event of a svJnthcant drop in funding for reAsOnae penod ol b"me. Statement of Trustees. r•8poTrslblllles CL¥npany law ffequi the TnJstees to prepare financi81 Statnts for eath financial year. Under c4)mpany law, th8 Trustees must not approve the finaneial ststwftents unkss they are satisfied that tlw 9tve a true and latr vew of the stste of affairs of the Company and of its incoming resour 3pica.0n ol resour. induding its in¢ome expenditure, foi that period. In preparing these finano81 siatemènts. the TnJstees are re9 to." select sUitae 8¢un.ng pok¢ and then appty Ihem consi5tenlty'. otts8rve the rnethojs princip of the Chant SORP IFRS 1021.. mak# Judgtrnents aTra accounting estirnates Ihat afe TraSOnab a1 prudeni. stale whethef athi¢at4e UKAccounting staThIas IFRS 1021 have been foknJ, subjedto any material departu$ disdose¢l and exptained in Ihe finanoal slatements.. prepare the finanaal 5taternents on the goiThJ concem bas unless it 15 InappPate to presume that the Company will continue in busintts. The Trustees ar8 responsible for keepir¥J Jleqtjak accountww recJrds that a sufficAent to shw and explain the Cornpanls transathons and disclose wth reasonae acojracy at any tirne Ihe financaal p0SOn of the Cornpany and enable them to su that the finanual statements cL¥DY wrth the Ccnpanie5 Ad 20[. They are also sponsible for safeguarding the assets of the cpanY and hence for trng reasonable steps for the preventKJn and ¢ete¢tion of fraud and Otr fftgularities. Small Comp•ny Provlslons This port has been prepared in aordan with to companw enblled to the small ¢PanIeS exemption. roved by order ofthe members ofthe board ofTrustees arKI 5•3ned on tsir behalf ty. Leonora Cord•n Tnthe Date.. 25-Apr-2022 Paga 4
Dwsign Enslf•e10.. 08FFe03A-FPL7498F-A2C&35D57F87C1KI ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) MENZIES RIGHTER THINKINS INDEPENDENT EXAMINERS, REPORT TO THE OF ABBEYFIELD REIGATE SOCIETY LIMITED Ind#p•ndenl examlnerfs reportto the Tru8lees of Ablwfw Relgate Soc•ety Lmnited cOrnpan) I report to tha thanty Twstees on my examinalion ofthe ac£ounts ofth& Company for the year &ThJed 31 Decémbèr 2021. RespOl111t1È# and of report As Trustees ol the Company land its direc ft>rth8 purposes ofwnpany lawl ytyj are re5pon5ible for the prepa'0n olthe atnts in aarKe 4¥rth th¢ requirements ofthe Companies Ac 2W6 (the 2006 ACVI. Having satisfied my5•1f that thè actounts of th• Company are not requirad to bo audrted untler Part 16 of Ihe 20C6 Act and a eligible lor iThJependent examination, I rep(Kt in respect of my examinab.on of the Companys accounts urried out under section 145 of the chanb.es Act 2011 I'the 2011 Arfl. In carryif¥J my examinab.on I ha¥e fo1e the o1c"0nS by the Charity Cunmission under section 149Sllbl ol the 2011 Art Independent •Xm1¢S 8tsto•n•nt Sin¢e the Companls 9ross COme exc£eded £250.c1 yr examiner rnust be a rnember of a body listed sn section 145 01 the 2011 Acl. I confirm that l am qualified to undertake the examinati.on cauSe I a rnernr of the ICAEW. which is one of the listed bodies. I have cornplèted my examinab"on. I confim that no mattets hav• come to my attenthon in conneth"oTr wth th• •xam¢nation 9ivin9 me cause to belie.. accountir4J rerdS were t kgpt rg¥¢cl ofthè C(Anpany as required by wcaion 386 of 2006 A. or the accounts do not attord ith those reeords". or the accounts do Trot o)mpty wkth the accounbrg f•quirements of secb.on 396 of the 2006 Act other than any . reqU1ment that the ?nts give a Iwe aTrJ fairf view i8 not a matter nSKIred as part of an independent èxamination.. or the accounts hav• Th)t beèn Fxepwed in att¢darKe vthh lh• methods and pnniips of tha Ststement of RecornrneTrJed Practth lor accounting and repth.ng by charilies lapplicaNe io charths preparing their accounts in accordance wth the Finawal Reporb"ng Star•Jard app"¢able in UK and Republic of Ireland IFRS 10211. I have no cOnmS and have across no other rnatters tn connethn wAth the éxarninAti¢)n to vthich attenti should dfawn in Ihis repjrt in order kn enabfe a prcpef uTraèrstaThJiThJ olthe arUnts lo rèachèd. This ptsrt Is made selely to the CmpanY$ Trustees. as a btrjy. in accordance with Part 4 of the CharitKs {Attounts aThJ Reports) Regulations 2008. P•ty work has been uThJertaken so that l rnht state to the Companys Twstees those matters I am required to state to them in an Independent exorninefs report anLI rKJ other purpose. To the fvlle$t extent pemiitted by law, I Ilo not atxept or a$$Lrne SponS.1 to any¢ other than the Cwwny Company's Trtee$ as a body, my work or for thi5 pOrt. Si9ned.' Dated.. 25-Apr-2022 Janiet Matthews FCA Menzies LLP Centrum House 36 Stalj'on Road Egham Surrny TW20 9LF Pagè 5
Doc8 En%lcpe ID.. D8FF8oFC74g8Fth2C57F87c11 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021 Total funds 2021 T(Xal lun(ls 2021 funds 2021 2020 In¢ome from: Donatio and legacaes Chaittable actswties Investments 227.846 227,846 152,353 17 62,564 170,243 225 151353 15 Total Incoffle 162.368 227.848 2.216 233.032 Expenditure on: Charitat4? athrbe5 127.246 127.246 204.427 Totsl expendltuye 127.246 127.246 204,427 Net In¢om• Tran5fer5 betsn tunds 25.122 194.622 227,848 {194.6221 252.970 28,605 13 N•t mov•m•nt in fvnd 219.744 33,226 252,970 28,605 R•¢onciliafion of funds- Total fvnds broht foTh¥ard Nèt movernent in Its 369.019 219.744 16.698 33.226 385,717 251970 357,112 28.605 Total funds carrled forward 588.763 49.924 638,687 385, 717 . Statement offinarKial.actyMbes Ind all gains and losses re0)gned in the year. Th& Thjtes on wjgs 8 to 16 foffli part ofthese n?l91 statwnents. Page 6
Do¢u&gn En¥elope ID." 08FFBOW8C7498F-A2CMSD57F87C180 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) REGISTERED NUMBER: 01032349 BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Flxed assets Tarwjible assets 10 406.098 193, 136 406.098 193, 136 Current I•ts Otc9 Ca¥h at bank and in haTrJ 1170 241,004 2&949 172.181 243.174 201, 130 Creditors." amounts fallir4 due th"n ar 12 (10.$85} {a549J Net current •ssets 232.58Y 192,581 Toial assets kss current liabilities 385.717 Toial net assets $38.687 385.717 Ch•rlty fund$ Restricted fvnds Unrestrrcted fiJnds 13 13 49,924 588.763 16,698 369.019 Total funds 638.687 385.717 Thè Cornpany was ènmtd to •x8nyts)n from VA•Jit urthrsttdion 477 01 Ihè Aet 2006. The mèmbers have not Ihe company to obtsii an audrt (or the year qLsts"on in c£ordan tmth sedion 476 Of ' Companies Act 20C6. The Trustees acknoAedge their pOnsibIlitieS IOT cunptyirg ith tIKg reqUirnents of the Act iih respect to acCnI6rJ records and preparaty.on of financial statements. Th ffinanual ststements ha¥p been in accordwKe with the provisions ak¥JlicJle to entsties SL>jecl to the small eèrnpanies regime. Tho financial statwnents were wFYo¥ed aryj auttKMi5ed ts i55ue by the Tntstees s9wJ on their behalf by.. L•onora Corden Tmstee Dat•. 25-Apr-2022 The notes on pwes 8 to 16 fonn part of il*se fin]4 statwnents. Page 7
DovJSkJTh En¥thpe ID.. 08FF803A-F8C7498F.A2CM5D57F87C180 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 General inftnnatlon Abbeyfiahy Rei9ate Sf)ciety Limited is a wvate Charitab c(Mnpany limrted by gUate8 incOlated in England and Wales. The address of the registeth offi¢e is disc40 on the cMpanY infomiation page. The members ol the company ar8 th8 Tru5tee5 named on page 1. In the event ofthe thanty beirfj wound up. the l¢abilty in respect ofthe gU8raTrteg is k"mited to £1 per memberof the charity. The fijnctional and prvJentstion currency of Ihe charity is GBP. A¢¢ountlng poli¢i95 11 Basls of preparntlon of financl•l slatemenls The fintial statements ha be•n wepared in accordan wilh Ihe Chanbes SORP IFRS 1021- Aecounting and RepO"rj by Chantss." Statement ol Recommended PvaetitE aFFlicable to charities preparing their accounts In accld?n¢e tth the FinanL?al Repth"ng Stsndard appliCae in thè UK anol Republic of Ireland IFRS 1021 l8ffeth'¥e 1 January 20191. the Finan Reptylirs stalarI a[rab in th? UK and Republic of Irelan(I IFRS 1021 aTrJ Ihe Cornpan AL 2. Abbèfvld Revjats Socty mrted Dts the ¢f4) of a bènèfit •rtw urnjw FRS 102. Assets and liabilths are inrtsalty reo)gnised at hBtoril cost or tranSaCon value unless otrrwise stated in the relevant ac¢ounts'ng pjlicy. 2.2 Going ¢on¢vn After rnaking approwiate enquirie5. the Trustees have a reasonable expectstion that lh8 Company has adequate rrtourees to tontsnuts in operational eXnCe for the foreseeablg fijiure. For this rtrason, they continue to adopt Ihe goiNJ ¢onc*m W"s in prwriNJ th• finantyal statemnts. details re9aIng th adopti ofthe 90irg concem basis can be found in the ac£tyJnb"r@ pOl¥e$. 2.3 Incom• Incc¥ne represents WKlenbal wges I1¥ n8t of loss•$ d$. All income is re¢ognised onc• the Cornpany has entitkment to the income. it is prob4)le that the wll be received and Ihe amount of Inne receivable can be measured few. 2.4 ExndIt¢ ExpenditurB È5 recognised once there is a legal or construcve lgatiOn to transfer ecorffiiic ben8ffit lo a third party. rt is probablè that a transfer of econornK benefft5 v+ill be required in setvement and thè amount of the oblyaoon can be Measu lIablY. Eypenditure is dassrfd by actsvty. The Costs of each actiwty are ma¢J up of the totsl of direct costs arvJ shared o)sts. iNjj1ng support Costs invtlved in undertakiryJ each ath"wty. Direcl costs attrthtabk to a sirvjle aCtity all¢xated direcy to that actmty. Shared Costs which contn'bute to rnore than one activty and SUPFQrt ojsts a not ailn'butatrAe to a SIThJ aclivty are apporty'oned b8hen those admbes on a basis consistent vnth use of resources. Central staff costs are allLxat8d on the basis ol b.me spent. and ¢JepreoTron chawes all¢Jcated on Ihe portion of the asset's use. Expendiwre C chari9 is on direcuy underta1¥1 the a¢bwtie8 whi¢h fvther the Companls ot¥e¢thes, as 11 as any a5swiated support wsts. AU èxpenditure ts Inclusi olirNuMrth VAT. Page 8
Docuslgn En%lw8 ID.. D8FF8OW8C7496F-A2C>3%)$7F87C1XI ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting pollcl•s (¢ontlnued> 2.$ T•n9lble flxed assets and depreclatlon Tangib fixed assets eosting £10 or more are capitah'sthy aTrJ regjgnised flrtwe econcfflic tenafits are wobable ojst or ¥3 ofthe asset cw be rneasured reh'awy. Tangibl8 fixed assels a inib.ally rwnised at Cost. After r?cogn"on, under the $1 model, tangible fixed assets a measured at cost less acujmulated dewecob.on and any attumulated ImpalmTrt losses. All costs incurred to bn.rrfj a tangib TY asset t0 rts intended coThaitw shoukj be indudeLI in the rneasufement of cost Dapreaation i5 chw so as to allocate the c05t of taThJit49 a558ts lèss th•w residual value thr their esmad userul INes. on a rethjts.ng balance basis. DeP0atiOn is the fonothrg Fr85 fftbngs 2.6 Llabllliis and provlslons LiabAities are recojnised ¥hn there VJ an oblpjation at thB Balance slwt date as a of a past evgnl it is pr¢babl8 Ihat a trarnsfer of economK benefft wll f4red in 5etdemen( Ihe arnount ol tho Settment can te esiated relk4bly. Liabilib"es are recognised at Ihe amount that fv C¢ynpany anbrypates it %MI1 pay to ¥eth the debt orthe amount r( has received 3$ advanced payments for the go$ or Serv tt mustprovide. 17 P•nsk>ns 2.8 Fund a¢countln9 Gèneral fijnds are unrestrictéd I15 are avarfab tr use at the d10n of the Trustees in fijrlheranee ol the general Otlete$ of Company aTrJ vthich habt not teen desvJnated fc¢ other purposes. Restricted fuThJs are 8e io be in Ayan wilh speafK Strb.0nS imposed by donors or vdhich have been raised by the C¢Jnpany lor parbujlar purpw)ses. The costs of raising and administering such fvnds are charged against the spectfc fund. The aim aTrJ us• of each fund Is s•t ¢xrt in the Ite$ tg the financial stathents. Investrnent income. 99in5 ar¥J kwes allocated to apprcyriate Ineom• frorn donatiorA aTrd legaele¥ Restrl¢tsd Total funds 2021 Total lunds 2020 2021 Donat¢on$ 227.846 227.846 62.564 T¢al 2020 62,564 62.564 Pagè g
DOsan En1¢F¢ ID.. D8FFBO34-FBC749JF42C$35D57F87C180 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Income from charitable acti¥itie8 Unrestrl¢ted funds 2021 Totsi fund8 2021 Total lunds 2020 Redenlia charges recvab 152,353 1S2.353 170,243 Total 2020 170.243 170,243 Analys1$ of expendliur• on ¢harttabl• •dlvl¢les Summary by nd type Total fund$ 2021 Total fvnds 2020 funds 2021 2021 Support c)$ 127,246 127.246 204,427 Total 2020 134.087 70.340 204,427 Anal1& of •xpndllurTr by *cfi¥its¥ Swpport ¢osts Tolal fvnds 2021 Total lunds 2020 2021 Support $ts 127,246 127.246 204,427 Total 2020 204.427 204,427 Pag• 10
l)ouJSiyn EnW ID.. D8FFB0Fc749F-A2c>3SDs1F87C18O ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 AnalyJls ol expenditure by aefivlll•• {¢onllnuedl Analyal$ of supporteosts Totsl funds 2021 Totol funds 2020 Activities 2021 Slaff costs Depreaab"on Independent ewninefs fees Adrs¥j Bank chaf Cleanin9 ComF4i?nc Counul tsx wat*1 fatss Gas and eleancty Housekeeping Insuran Maintenance Office and olher9eneral expen Professional fees Residents care Residents sorial eApen585 Affiliation and subscription fees 54.857 2.541 3.180 202 210 5.417 101 64.867 2,541 3.180 202 54.230 502 125 3,683 1,1fj9 3,270 6.494 75.8T3 3,191 105,412 1.074 300 3.702 470 5A17 101 8,572 12.863 8,572 12,863 15.451 2.259 3,816 4.412 1.042 3,939 15,451 2.2S9 216 4.412 1,042 3.939 3.6T4 127,246 127.246 204,427 Total 2020. 21M,427 204.427 P911
oc4yJSn En¥doFe ID.. D8FFBo3Fsc749$F-A2CSo57F87Cl80 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Independent exarnlnerfs wnun•ralion The Inndent exarnir¢s rèrnuneraiNJn amounts to an wwJepeThJent examinèr fèè of £2,040 (2020- £800), 8Th countancy and other Servi5 of£1.14012020- £21M. Stsff e08ts 2021 2020 Wagès and salaiies $4,067 790 53,621 54,857 54.230 The average numbor ol F•fson5 npbyed by the Ccffipany duriNJ yw was as follrw.' 2021 2020 No. Employees No ernployee reCeId remunerati rn0 trwi t60.0(M) in eilher year. Trustees. remunoration and ¢xpens management pe(sl a Constd to be" the Tntstses. [ANj thè" year, nts Trustees reIVed any rernuneralion or olher benefits (2020- £NIL). Durir¥J the year ended 31 De1[ 2021. expen5e5 totalling £548 Teimbued cf paid diredty to 4 Trustees 12020.. S Trustees, £21571. The e4)en5es reinburwj L?) to e4uipmenL $ent S31 eypens¢s, maintenane expere$ anol staff 9rfts purchaswj on behawoflhg Chanty. Pa9e 12
Dou6¥n ETr¥dr•e ID.. DBFFBOI¥FBC7498F42C&35D57F87C1 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 10. Tangiblg fixed ass•ts Freehold Flxtures and property 1Sttlng$ Total Cost Of valuatlon At 1 January 2021 Additions 188,621 194.622 36,795 20.880 225A16 21502 At 31 Dècembèr 2021 383,243 57.67$ 440,918 DtpR¢latlon At 1 January 2021 Charg• for Ihè yéar 32.280 2.S40 32,280 2,$40 At 31 Dec*rnl>ef 2021 34,820 34.820 At 31 Decemter 2021 383.243 21865 406,098 At31 Decembgr2020 188.621 4.575 193, 136 11. Debtors 20 2020 Due within one yaar Trade debto 1S2 23, T92 4157 Pr•payTrents aNI acrJue¢J w4ye 1.953 2.170 28,949 Page 13
DSh EnlOpe ID.. t)8FF803A-FBC7490F-NX>W7F87C110 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 12. Cr•ditots: Amounts falling due withth on yar 2021 2020 Trade 4Th1itors Other taxation aThJ social security Other credit5 Accwals and ¢Jeferred inrth 3,360 167 1.949 5.109 887 6.262 10,585 8,549 ststement of fund• stst•m•nt of fvnds • ¢UIT•nty•ar Balan¢e at 31 December Balance al 1 January 2021 Trnnsfers inlout Intorne Expenlrrtvre 2021 Unrnstrlcted lunds General Funds 369,019 152.368 1127246) 194.622 58B.763 ReStr1¢t lund$ Restrthd Funds 16,698 227.848 {194.622} 49,924 Total lundS 36S,717 380,216 1127,2461 638,687 FuThts transfer from re$tnCted to stftded lthjs rewesent $tricted tXFenditurÈ on eapital items during the Current restricted fijnds teen wmarily rawl tr Ihe rJJrrent aleratyons of Abbeyfiekd Hous9 and garden to improva its laulth"85 for tjjrrent and hjlure residents other local eltsrty residents to 4thom wtr hope to offer ath.vths at the Hous•. There is also a smaller Restred fvn(l of £2.5C(s fdlw.ng a hek1 wrthin the total restricted fvjnd. which lates to lundiThJ ofnew fumiture for the c¥)mrnun areas. Pag• 14
OocuSwJn Ert¥dor¢ ID". OeFF8Ou8¢74jsF-3sDs7FeTCI ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 stat•m•nt Of funds (¢ontlnuedl Statement ollund¥- prloryear 8alance 81 31 D8c8mber 2020 l January 2020 Inconts Enthtur• Unr•stri¢t•d funds General FuTrJ$ ITO.468 (134,088) 369,019 R•stri¢tsd fund$ Res¢rthd Funds 24.474 62.564 (70.340) 16.698 Total of funds 35T.113 233,032 (204,428) 385.717 14. SMary ol lunds Summary of fvnds- cyrr•nl y4ar Balance at 31 D¢mber 2021 B•l•n¢• •t 1 Jafftry 2•21 Tran•1$ Snlout Gera1 Restricted fijnds 369.019 16.698 161368 227.848 {127.246) 194.622 (194.6221 688.763 49.924 385.717 380,216 1127,246) 638.687 Surnrnary oflund¥- prlor T Balance al 31 Detsmber 2020 t January 2020 Expènditurè Gera1 fuThJs Restrided lunds 332.639 24.474 170,468 62,564 (134,088) (TO,340) 369,019 16,698 357.113 233,032 (204.428) 385717 Page 15
DowSHJn En¥kye ID.. D8FFBOWBC7498F-A2C$35D57F87C180 ABBEYFIELD REIGATE SOCIETY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 15. Ana1# ofnet •ets b•twrt•n funds AnoWl$ ¢fn•t assets botwn fvnds- ¢yrTnty Unvestrfct•d funds 2021 R•8trict•d funds 2021 Total funds 2021 Tar¥Jit48 fixgd ass•ts Cuffent assets Cre(Itors due within one year 406,098 243,174 110.5851 193.250 110.585) 49.924 Total 588.763 49.924 638,687 Anafysls of n•tawts belween fvrth. wlor >ar Tgt fvnds 2020 2020 2020 TangbK• fix assets Curlenl assets Cr8ditNs du8 With year 193, 136 184.432 {8.549) 193.136 201. 130 (8,549) 16,698 Total 369,019 16,698 385, Tl T 16. Conlln9entll•bllltle¥ At th• year end date. the chanty was eommthd tts èxpèThJrt on the building works to a value of £386,150. Th• weths a elwied to be c(mJete(J by the end of the 2022 fiftanc1 year. 17. Rel•ted party tsansa¢lons The Company hss not entered into any related party Iransathon during the year, nor art there any outstaThYing balanwJ gwir¥J bets¥een related parfles the Company at 31 December 2021. Pa9e 16