| Year ended | 30th Septem | ber 2021 | ||||
|---|---|---|---|---|---|---|
| Notes | 2021 | 2020 | ||||
| Turnover | 156,389 | 131,398 | ||||
| Operating expenditure |
(130,797) | (127,063) | ||||
| Operating | Surplus | 25,592 | 4,335 | |||
| Finance income | 24 | 243 | ||||
| Government | funds receivable | 487 | ||||
| Finance costs | (5,693) | (5,890) | ||||
| Surplus/(deficit) before and after taxation being the |
total | |||||
| comprehensive income |
for the year | 20,410 | (1,312) | |||
| Statement | ofchanges in Reserves | Income and | Resn icted | Total | ||
| Expenditure | Reserve | |||||
| Reserve | ||||||
| Balance | ofReserves | at 30th September 2020 | 518,544 | 31,044 | 549,588 | |
| Surplus | for the year | 20,410 | 20,410 | |||
| Reserve | transfer on surrender oflease | 8,102 | (8,102) | |||
| Transfer | ofrestricted | income to Restricted Reserve | (5,154) | 5,154 | ||
| Balance | ofReserves | at 30th September 2021 | 541,902 | 28,096 | 569,998 |
| The Abbeyfield Buckland Monachor Statement ofcash flow Year ended 30th September 2021 |
um | Society L | imited | ||
|---|---|---|---|---|---|
| Notes | 2021 | 2020 | |||
| Statement ofcash flows | |||||
| Cash flows from operating activities |
|||||
| Surplus/ (Deficit) for the financial year |
20,410 | (1,312) | |||
| Adjustments for: |
|||||
| Depreciation offixed assets | 18,063 | 14,417 | |||
| Amortisation ofgrant |
(380) | (380) | |||
| Interest payable and financing costs |
5,693 | 5,890 | |||
| Interest received | (24) | (243) | |||
| Government funds receivable |
(487) | ||||
| Decrease in trade debtors | 9,910 | 2,969 | |||
| Increase/ (Decrease) in trade creditors | 2,625 | (1,870) | |||
| Net cash generated from operating |
activites | 55,810 | 19,471 | ||
| Cash flows from investing activities |
|||||
| Expenditure on fixed assets - housing |
property | (133,592) | (399) | ||
| Expenditure re potential extension |
(8,899) | (8,753) | |||
| Interest received | 24 | 243 | |||
| Net cash used in investing activities |
(142,467) | (8,909) | |||
| Cash (inflows)/ outflows from financing |
activites | ||||
| Interest paid | 5,206 | 5,890 | |||
| Net bank loans (granted)/ repaid |
(29,918) | 5,609 | |||
| Net cash cost from financing activities |
(24,712) | 11,499 | |||
| Net (decrease) in cash and cash equivalents | (61,945) | (937) | |||
| Cash and cash equivalents at beginning |
ofyear | 75,436 | 76,373 | ||
| Cash and cash equivalents at end ofyear |
13,491 | 75,436 |
| 2 | Operating Surplus |
2021 | 2020 | |
|---|---|---|---|---|
| This is stated after charging: | ||||
| Depreciation ofowned fixed assets | 18,063 | 14,417 | ||
| 3 | Residential Charges |
2021 | 2020 | |
| Nominal total charges |
receivable | 165,670 | 156,392 | |
| Losses from vacancies | 5.6/o (2020 16.4/o) | (9,341) | (25,664) | |
| Net receipts from charges 94.4'/o (2020 83.6/o) | 156,329 | 130,728 | ||
| 4 | Staff Costs | 2021 | 2020 | |
| Wages and salaries Pension contributions |
55,321 1,680 |
50,568 1,640 |
||
| 57,001 | 52,208 | |||
| Average number of employees | ||||
| Full time | ||||
| Part time (equivalent | full time) | |||
| 5 | Finance costs | 2021 | 2020 | |
| Interest payable to Lloyds Bank pic | 5 693 | 5 890 |
| 6 | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Land | Freehold | Furniture | ||||
| property | and | |||||
| Cost | Kquipmeni | Total | ||||
| 1stOctober 2020 | 35,000 | 692,784 | 74,003 | 801,787 | ||
| Additions | 132,469 | 1,123 | 133,592 | |||
| 30th September 2021 | 35,000 | 825,253 | 75,126 | 935,379 | ||
| Depreciation | ||||||
| 1stOctober 2020 | 158,735 | 59,256 | 217,991 | |||
| Charge for year | 14,023 | 4,040 | 18,063 | |||
| 30th September 2021 | 172,758 | 63,296 | 236,054 | |||
| Net book value | ||||||
| 30th September 2021 | 35,000 | 652,495 | 11,830 | 699,325 | ||
| 30th September 2020 | 35,000 | 534,049 | 14,747 | 583,796 | ||
| 7 | Trade receivables | 2021 | 2020 | |||
| Trade debtors and prepayments | 1,100 | 11,010 | ||||
| Expenditure on proposed |
extension | 41,752 | 32,853 | |||
| 42,852 | 43,863 |
| The expenditure | on the proposed extension | includes | legal charges, planning and building |
legal charges, planning and building |
control | |
|---|---|---|---|---|---|---|
| fees, supporting | reports, architects fees and | initial works to commence | the development. | The | ||
| directors believe | the market value ofthe site is significantly in excess |
ofthe land and above costs. | ||||
| 8 | Trade payables | 2021 | 2020 | |||
| Amounts falling |
due within one year | |||||
| Lloyds Bank pic | - term loan | 11,364 | 11,364 | |||
| Lloyds Bank pic | -bounceback loan |
3,600 | ||||
| Accruals and other liabilities |
5,579 | 2,954 | ||||
| 20,543 | 14,318 | |||||
| Amounts falling due in more than one year 20year term loan -Lloyds Bank pic |
106,127 | 112,209 | ||||
| 6year term bounceback loan -Lloyds Bank |
pic | 32,400 | ||||
| Deferred capital | grant (see note 9) | 26,600 | 26,980 | |||
| 165,127 | 139,189 |
| Deferred capital grant | ||
|---|---|---|
| 2021 | 2020 | |
| At 30th September 2020 | 26,980 | 27,360 |
| Released to income during the year | 380 | 380 |
| At 30th September 2021 | 26,600 | 26,980 |
| 11 | Accommodation | in management | in management | 2021 | 2020 |
|---|---|---|---|---|---|
| Number ofbeds | for full time | residents | 10 | 10 | |
| Number ofbeds | for residents' | guests | 1 | 1 |