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|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%|||||
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##
||||||||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|
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|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|
##
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##
##
|||||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|
##
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##
|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|