2021-05-31-accounts - The Abbeyfield (Maidenhead) Society Limited

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Directors			Mr D M Cager (Chairman)	Mr D M Cager (Chairman)
			Mr A RJesseman
			Mr YP Maudgil (Treasurer)
			Mr H J McBrien
			MrC J I Chugg
Secretary			Mr A RJesseman
Charity number			267984
Company	number		01051354
Homes and communities		agency number	H0062
Principal address			Winton House
			51/53 Dedworth	Road
			WINDSOR
			SL4 5AZ
Registered	office		Winton House
			51/53 Dedworth	Road
			WINDSOR
			SL4 5AZ
Auditor			Craufurd Hale Audit Services Limited
			Ground Floor, Belmont Place
			Belmont Road
			MAIDENHEAD
			SL66TB
Bankers			Lloyds Bank Pic
			45 High Street
			MAIDENHEAD
			SL6 1JS
Investment	advisors		Charles Stanley	&Co. Limited
			55 Bishopsgate
			LONDON
			EC2N 3AS

		Page
Directors report		1-4
Statement of Directors	responsibilities
Independent auditor's	report
Statement offinancial	activities	10
Balance sheet		11-12
Statement ofcash flows		13
Notes to the financial	statements	14-27

The board meets bi-monthly to review the The figures for this year and last are:	position and re	view Key
	2021	2020
	0/
Operating (deficit) as a percentage of income Overall occupancy rate Lost income through voids as a percentage ofincome	(24) 64 36	(10) 76 24
Total staff costs as a percentage ofincome Food costs as a percentage ofincome	94 5	81 6

			Unrestricted	Restricted	Total	Total
			funds	funds
		Notes	2021 6	2021	2021f	2020 6
ndowments	fr
Donations and legacies			3,451		3,451	5,210
Charitable activities			2,056,669		2,056,669	2,337,283
Other trading activities						2,422
Investments			36,474		36,474	48,986
Social housing grant amortisation			35,653		35,653	35,653
Coronavirus job retention control grants	scheme and infection		233,725		233,725	84,747
Total income			2,365,972		2,365,972	2,514,301
ExgantftItnum. Charitable activities		6	2,939,828	1,400	2,941,228	2,737,439
Net gains/(losses) on investments		10	395,010		395,010	381,640
Net movement in funds			(178,846)	(1,400)	(180,246)	158,502
Fund balances at 1 June	2020		9,823,982	69,635	9,893,617	9,735,114
Fund balances at 31 May 2021			9,645,136	68,235	9,713,371	9,893,616

					2021	2020
				Notes	f
Fixed assets
Tangible assets				12	5,926,961	6,113,119
Investments				13	3,726,151	3,317,358
					9,653,112	9,430,477
Current assets
Debtors				15	159,850	147,402
Cash at bank and	in	hand			1,093,864	1,564,460
					1,253,714	1,711,862
Creditors: amounts		falling	due within
one year				16	(190,800)	(210,415)
Net current assets					1,062,914	1,501,447
Total assets less	current		liabilities		10,716,026	10,931,924
Creditors: amounts		falling	due after
more than one year				17	(1,002,655)	(1,038,308)
Net assets					9,713,371	9,893,616
Income funds
Restdicted funds
Specific donations	and legacies				27,635	27,635
Occupational therapy		unit			40,600	42,000
				19	68,235	69,635
Ila ted dt d
Designated funds:
Capital renewal fund					320,000	320,000
Contingency fund					250,000	250,000
				20	570,000	570,000
General unrestricted		funds			7,784,034	8,346,598
Revaluation reserve					1,291,102	907,383
					9,645,136	9,823,981
					9,713,371	9,893,616

				2021		2020
			Notes			6
Cash flows from operating	activities
Cash absorbed by operations			26		(452,118)		(56,803)
Investing activities
Purchase oftangible fixed assets				(41,170)		(31,655)
Accumulation dividends and	other
adjustments						283
Purchase of investments				(436,143)		(450,505)
Proceeds on disposal of investments				251,753		563,396
Dividends and interest received				36,474		48,986
Net cash (used in)/generated investing activities		from			(189,086)		130,505
Net (decrease)lincrease in	cash and		cash
equivalents					(641,204)		73,702
Cash and cash equivalents	at beginning		ofyear		1,792,516		1,718,814
Cash and cash equivalents	at	end of	year		1,151,312		1,792,516
Relating to:
Cash at bank and in hand					1,093,864		1,564,460
Short term deposits included investments	in				57,448		228,056

4	Other trading activities
		Total	Unrestricted
			funds
		2021	2020
	Day care and visitor's fees		2,422
5	Investments
		Unrestricted	Total
		funds
		2021	2020
		6
	Income from investments	35,826	40,929
	interest receivable	648	8,057
		36,474	48,986

				2021	2020
Accommodation,	care	and companionship	for the elderly	6	8
Staff costs				1,927,242	1,895,899
Depreciation and impairment				227,328	220,989
Insurance				37,550	33,916
Telephone				18,524	18,055
Agency staff				131,637	34,364
Food and provisions				112,939	129,454
Household sundries				46,079	56,910
Cleaning materials				43,885	44,379
Rates, water and waste				40,196	33,835
Heating and lighting				56,857	53,007
Minor equipment				18,710	9,562
Fixtures and fittings				2,964	2,745
CQC Levy				10,044	10,234
Drugs and medical	costs			76,186	30,808
Repairs and maintenance				87,161	71,846
Postage and stationery				4,071	4,379
Affiliation fees				18,332	17,987
Legal and professional		fees		42,959	32,407
Audit and accountancy		fees		9,850	10,670
Payroll fees				3,607	3,423
Other management	costs			3,064	1,305
Investment management		fees		22,043	21,265
				2,941,228	2,737,439
				2,941,228	2,737,439
Analysis by fund Unrestricted funds				2,939,828	2,736,039
Restricted funds				1,400	1,400
				2,941,228	2,737,439

			2021	2020
			Number	Number
General, central company
Nicholas House - Care, activity, housekeeping,	kitchen, maintenance	and
management			45
Winton House - Care, activity, housekeeping,	kitchen, maintenance	and
management			41	42
			90	91
Employment costs			2021	2020
			6
Wages and saladies			1,743,617	1,723,334
Social security costs			138,972	129,176
Other pension costs			44,653	43,388
			1 927 242	1 895899

570,000 was	:
2021	2020
Number	Number
1

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			8
Revaluation	of	investments	393,961	419,726
Gain/(loss)	on	sale of investments	1,049	(38,086)
			395,010	381,640

Tangible	fixed asset	s
			Freehold land	Leasehold	Fixtures and Motor vehicles		' Total
			and buildings	land and	fittings
				buildings
				8
Cost
At 1 June	2020		3,483,092	3,975,500	766,424	76,104	8,301,120
Additions					41,170		41,170
At 31 May	2021		3,483,092	3,975,500	807,594	76,104	8,342,290
Depreciation and impairment
At 1 June	2020		587,171	1,198,981	380,017	21,832	2,188,001
Depreciation charged		in the year	69,660	75,800	74,256	7,612	227,328
At 31 May	2021		656,831	1,274,781	454,273	29,444	2,415,329
Carrying	amount
At 31 May	2021		2,826,261	2,700,719	353,321	46,660	5,926,961
At 31 May	2020		2,895,921	2,776,519	386,407	54,272	6,113,119

In the opinion ofthe directors the market value ofland and buildings
	2021	2020
	6	8
Freehold and long leasehold properties	10,000,000	10,000,000

Fixed asset investments
	Listed
	investmentsf
Valuation
At 1 June 2020	3,317,358
Additions	436,143
Valuation changes	396,028
Movement in cash balances	(170,608)
Other movements	(2,066)
Disposals	(250,704)
At 31 May 2021	3,726,151
Carrying amount
At 31 May 2021	3,726,151
At 31 May 2020	3,317,358
Made up of:
Listed investments	3,668,702
Cash balances	57,449
	3,726,151
Historic cost
At 1 June 2020	2,409,974
Additions	436,143
Movement in cash balances	(170,608)
Other movements	(2,066)
Disposals	(238,394)
At 31 May 2021	2,435,049

14	Financial instruments	Financial instruments				2021	2020
	Carrying amount	of	financial	assets
	Debt instruments	measured at		cost		114,461	49,562
	instruments measured		at fair value through		profit and loss	3,726,151	3,317,358
	Carrying amount	of	financial	liabilities
	Measured at cost					1,165,247	1,221,241
15	Debtors
						2021	2020
	Amounts falling	due	within one year:
	Trade debtors					114,401	49,502
	Other debtors					60	60
	Prepayments and	accrued income				45,389	97,840
						159,850	147,402
16	Creditors: amounts		falling due within one year
						2021 6	2020f
	Other taxation and social secudity					28,208	27,482
	Trade creditors					34,041	41,809
	Other creditors					35,829	51,054
	Accruals and deferred		income			92,722	90,070
						190,800	210,415

Creditors:	amounts	amounts
			2021	2020
			6
Other creditors			1,002,655	1,038,308
Social Housing		Grants
			2021	2020
			8	6
Amounts	received		1,856,768	1,856,768
Amortisation
At 1 June	2020		818,460	782,807
Released	in the	year	35,653	35,653
At 31 May	2021		854,113	818,460
Carrying	value
At 31 May	2021		1,002,655	1,038,308

							Movement
							in funds
				Balance at	Resources	Balance at	Incoming	Balance at
				1June 2019 8	expended	1June 2020f	resources	31 May 2021
Specific donations		and	legacies	30,873	(3,238)	27,635		27,635
Occupational	therapy		unit	43,400	(1,400)	42,000	(1,400)	40,600
				74,273	(4,638)	69,635	(1,400)	68,235

				Movement		Movement
				in funds		In funds
			Balance at	Incoming	Balance at	Incoming	Balance at
			1 June 2019	resources	1June 2020	resources	31 May 2021
			8		f.	6	6
Capital renewal		fund	320,000		320,000		320,000
Contingency	fund		250,000		250,000		250,000
			570,000		570,000		570,000

The remun as follows.	eration of key management personnel inclu	ding salaries and employers pension cont	ributions is
		2021	2020
		6
Aggregate	compensation	232,624	229,040

26	Cash generated from	operations	operations			2021	2020
							6
	(Deficit)/surpus for the	year				(180,246)	158,502
	Adjustments for:
	Investment income recognised		in statement	offinancial	activities	(36,474)	(48,986)
	(Gain)/loss on disposal	of investments				(1,049)	38,086
	Fair value gains and losses on		investments			(393,961)	(419,726)
	Depreciation and impairment oftangible fixed assets					227,328	220,989
	Movements in working	capital:
	(Increase) in debtors					(12,448)	(45,531)
	(Decrease)/increase in	creditors				(55,268)	39,863
	Cash absorbed by operations					(452,118)	(56,803)
27	Analysis ofchanges	in net funds
	The Society had no debt during		the year.