| OBJECTIVES AND ACTIVITIES Objectives and aims |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Society exists to provide | a | happy | environment | within | the community | of | Abbots | Langley | for supported | living | |||
| accommodation for up to 12 |
elderly | residents. | The | Society owns | a property | 'Tannerswood' | at 11 Greenways | in | |||||
| Abbots Langley which it maintains | and | runs for this purpose. | |||||||||||
| KPIs | |||||||||||||
| Metric | 2023 | 2022 | |||||||||||
| Reinvestment | Nil | Nil | |||||||||||
| New Supply Delivered | Nil | Nil | |||||||||||
| Gearing% | 0% | 0% | |||||||||||
| EBITDA | E5,106 | E19,680 | |||||||||||
| Headline Social Housing costs per |
unit | Nil | Nil | ||||||||||
| Operating Margin (letting only) |
-1.1% | -2.7% | |||||||||||
| Operating Margin (overall) |
0.4% | 7.2% | |||||||||||
| ROCE | 0.5% | 8.2% |
| 30.9.23 | 30.9.22 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | fund | funds | funds | |||||
| Notes | E | E | E | E | ||||
| INCOME AND | ENDOWMENTS | FROM | ||||||
| Donations and |
legacies | 3,010 | 3,010 | 20,802 | ||||
| Charitable activities |
||||||||
| Rental income | 213,379 | 213,379 | 194,226 | |||||
| Investment income |
392 | 392 | ||||||
| Total | 216,781 | 216,781 | 215,054 | |||||
| EXPENDITURE | ON | |||||||
| Charitable activities |
||||||||
| Rentalincome | ||||||||
| Other | 215,823 | 215,823 | 199,450 | |||||
| Total | 215,823 | 215,823 | 199,450 | |||||
| NET INCOME | 958 | 958 | 15,604 | |||||
| Other recognised gains/(losses) |
||||||||
| Gains on revaluation | offixed assets | 141,684 | ||||||
| Net movement | in funds | 958 | 958 | 157,288 | ||||
| RECONCILIATION OF FUNDS |
||||||||
| Total funds brought | forward | 188,352 | 188,352 | 31,064 | ||||
| TOTAL FUNDS | CARRIED FORWARD | 189,310 | 189,310 | 188,352 |
| 30.9.23 | 30.9.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | E | E | E | E | |
| FIXEDASSETS | |||||
| Tangible assets | 6 | 372,209 | 372,209 | 376,357 | |
| Social investments | 7 | (279,924) | (279,924) | (279,924) | |
| 92,285 | 92,285 | 96,433 | |||
| CURRENT ASSETS | |||||
| Debtors | 955 | 955 | 955 | ||
| Cash at bank | 101,665 | 101,665 | 102,173 | ||
| 102,620 | 102,620 | 103,128 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
(5,595) | (5,595) | (11,209) | ||
| NET CURRENT ASSETS | 97,025 | 97,025 | 91,919 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 189,310 | 189,310 | 188,352 | ||
| NET ASSETS | 189,310 | 189,310 | 188,352 | ||
| FUNDS | 10 | ||||
| Unrestricted funds |
189,310 | 188,352 | |||
| TOTAL FUNDS | 189,310 | 188,352 |
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 30.9.23 | 30.9.22 | |||
| E | E | |||
| Deposit account interest | 392 | 26 | ||
| NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): |
| 30.9.23 | 30.9.22 | |||
|---|---|---|---|---|
| E | E | |||
| Depreciation | —owned assets | 4,148 | 4,148 | |
| Independent | examination | fees | 1,740 | 1,596 |
| Other accountancy fees |
1,152 | 1,080 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | fund | funds | ||||
| E | E | f | ||||
| INCOME AND | ENDOWMENTS | FROM | ||||
| Donations and |
legacies | 20,802 | 20,802 | |||
| Charitable activities |
||||||
| Rental income | 194,226 | 194,226 | ||||
| Investment income |
26 | 26 | ||||
| Total | 215,054 | 215,054 | ||||
| EXPENDITURE | ON | |||||
| Other | 199,450 | 199,450 | ||||
| NET INCOME | 15,604 | 15,604 | ||||
| Other recognised gains/(losses) |
||||||
| Gains on revaluation | offixed assets | 141,684 | 141,684 | |||
| Net movement | in funds | 157,288 | 157,288 | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought | forward | 31,064 | 31,064 | |||
| TOTAL FUNDS | CARRIED FORWARD | 188,352 | 188,352 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures | |||
| Freehold | and | ||
| property | fittings | Totals | |
| E | E | f | |
| COST | |||
| At 1October 2022 and 30September 2023 | 487,340 | 48,023 | 535,363 |
| DEPRECIATION | |||
| At 1October 2022 | 110,983 | 48,023 | 159,006 |
| Charge for year | 4,148 | 4,148 | |
| At 30September 2023 | 115,131 | 48,023 | 163,154 |
| NET BOOK VALUE | |||
| At 30September 2023 | 372,209 | 372,209 | |
| At 30September 2022 | 376,357 | 376,357 | |
| SOCIAL INVESTMENTS | |||
| Other | |||
| investments | |||
| E | |||
| MARKET VALUE | |||
| At 1October 2022 and 30September 2023 | (279,924) | ||
| NET BOOK VALUE | |||
| At 30September 2023 | (279,924) | ||
| At 30September 2022 | (279,924) |
| D | EBTORS:AMOUNTS FALLING DUE WITHIN ON |
E YEAR | |
|---|---|---|---|
| 30.9.23 | 30.9.22 | ||
| E | E | ||
| P | repayments | 955 | 955 |
| 9. | CREDITORS: | AM | OUNTS | FALLING | DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|
| 30.9.23 | 30.9.22 | |||||||
| f | f | |||||||
| Accruals and | deferred | income | 5,595 | 11,209 | ||||
| 10. | MOVEMENT | IN | FUNDS | |||||
| Net | ||||||||
| At | movement | At | ||||||
| 1.10.22 | in funds | 30.9.23 | ||||||
| f | f | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 188,352 | 958 | 189,310 | |||||
| TOTAL FUNDS | 188,352 | 958 | 189,310 | |||||
| Net movement | in funds, included | in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| f | f | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 216,781 | (215,823) | 958 | |||||
| TOTAL FUNDS | 216,781 | (215,823) | 958 |
| Net | ||||||
|---|---|---|---|---|---|---|
| At | movement | At | ||||
| 1.10.21 | in funds | 30.9.22 | ||||
| f | f | f | ||||
| Unrestricted | funds | |||||
| General fund | 31,064 | 157,288 | 188,352 | |||
| TOTAL FUNDS | 31,064 | 157,288 | 188,352 | |||
| Comparative | net movement | in funds, included | in the above are | as follows: | ||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| f | f | f | f | |||
| Unrestricted | funds | |||||
| General fund | 215,054 | (199,450) | 141,684 | 157,288 | ||
| TOTAL FUNDS | 215,054 | (199,450) | 141,684 | 157,288 |
| Detailed Statement of Financial Activities | ||||
|---|---|---|---|---|
| for the Year Ended 30September 2023 | ||||
| 30.9.23 | 30.9.22 | |||
| E | E | |||
| INCOME AND | ENDOWMENTS | |||
| Donations and |
legacies | |||
| Donations | 3,010 | 20,802 | ||
| Investment income |
||||
| Deposit account interest | 392 | 26 | ||
| Charitable activities |
||||
| Grants | 213,379 | 194,226 | ||
| Total incoming | resources | 216,781 | 215,054 | |
| EXPENDITURE | ||||
| Support costs | ||||
| Finance | ||||
| Wages | 109,175 | 88,571 | ||
| General Administration | 6,128 | 1,951 | ||
| Pensions | 6,440 | 3,990 | ||
| Rates and water | 26,418 | 14,146 | ||
| Insurance | 5,631 | 3,631 | ||
| Repairs and renewals | 32,588 | 59,241 | ||
| Housekeeping | 21,743 | 20,613 | ||
| Freehold property |
4,148 | 4,148 | ||
| 212,271 | 196,291 | |||
| Governance | costs | |||
| Accountancy | and legal fees | 3,552 | 3,159 | |
| Total resources | expended | 215,823 | 199,450 | |
| Net income | 958 | 15,604 |