2021-03-31-accounts - The Abbeyfield (Camborne) Society Limited

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		Page
Report ofthe Trustees	1	to	2
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	5	to	6
Notes to the Financial Statements	7	to	13
Detailed Statement ofFinancial Activities	14	to	15

	for the	Year E	nded 31 March	2021
					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			700		700
Charitable activities
Housing			90,675		90,675	83,672
Investment income		2	783		783	1,341
Total			92,158		92,158	85,013
EXPENDITURE ON
Charitable activities
Housing			94,686		94,686	89,463
NET INCOME/(EXPENDITURE)			(2,528)		(2,528)	(4,450)
Other recognised gains/(tosses)
Gains on revaluation	offixed assets		50,000		50,000	25,000
Net movement in funds			47,472		47,472	20,550
RECONCILIATION	OF FUNDS
Total funds brought	forward		460,742	118,872	579,614	559,064
TOTAL FUNDS CARRIED FORWARD			508,214	118,872	627,086	579,614

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	f.
FIXEDASSETS
Tangible assets	7	365,264	118,872	484,136	435,559
CURRENT ASSETS
Debtors	8	2, 142		2, 142	1,459
Cash at bank and in hand		148,733		148,733	152,346
		150,875		150,875	153,805
CREDITORS
Amounts fatling due within one year	9	(7,925)		(7,925)	(9,750)
NKT CURRENT ASSETS		142,950		142,950	144,055
TOTAL ASSETSLESSCURRENT
LIABILITIES		508,214	118,872	627,086	579,614
NET ASSETS		508,214	118,872	627,086	579,614
FUNDS	10
Unrestricted funds				508,214	460,742
Restricted funds				118,872	118,872
TOTAL FUNDS				627,086	579,614

2.	INVESTMENT INCOM	E
			2021	2020
				f.
	Deposit account interest		783	1,341
3.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
			2021	2020
	Accountancy		1,914	1,946
	Depreciation - owned assets		2,313	2,135

			2021	2020
Employees			5	4
No employees received emoluments		in excess off60,000.
COMPARATIVES FORTBKSTATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME	AND ENDOWMENTS	FROM
Charitable	activities
Housing		83,672		83,672
Investment	income	1,341		1,341
Total		85,013		85,013
EXPENDITURE ON
Charitable	activities
Housing		89,463		89,463

			Notes to the Financial Statements - continued for the Year Ended 31March 2021	Notes to the Financial Statements - continued for the Year Ended 31March 2021	Notes to the Financial Statements - continued for the Year Ended 31March 2021	Notes to the Financial Statements - continued for the Year Ended 31March 2021
	COMPARATIVES		FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund	fund	funds
	NET INCOME/(EXPENDITURE)			(4,450)		(4,450)
	Other recognised	gaias/(losses)
	Gains on revaluation		offixed assets	25,000		25,000
	Net movement in	funds		20,550		20,550
	RECONCILIATION		OF FUNDS
	Total funds brought		forward	440,192	118,872	559,064
	TOTAL FUNDS	CARRIED
	FORWARD			460,742	118,872	579,614
7.	TANGIBLE FIXEDASSETS
					Fixtures
				Freehold	aud
				property	fittings	Totals
	COST ORVALUATION
	At 1 April 2020			425,000	22,208	447,208
	Additions				890	890
	Revaluations			50,000		50,000
	At 31 March 2021			475,000	23,098	498,098
	DEPRECIATION
	At 1 April 2020				11,649	11,649
	Charge for yern				2,3]3	2,313
	At 31March 2021				13,962	13,962
	NET BOOKVALUE
	At 31March 2021			475,000	9,136	484,136
	At 31 March 2020			425,000	10,559	435,559

lftreehold property had not been revalued	it would have been included at the following his	torical cost
	2021	2020
Cost	133,231	133,231

	The directors March 2021.	have indicated that the value of the property is to be inc	luded at f475,0	00 as at 3
8.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
				f.
	Other debtors		223
	Prepayments	and accrued income	507
	Prepayments		1,412	1,459
			2,142	1,459

CREDITORS: AMOUNTS FALLING DUE WITH	IN ONE YEAR
	2021	2020
Trade creditors	1,270	3,118
Accmals and defened income	2,317	2,675
Accmed expenses	4,338	3,957
	7,925	9,750

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
					f,
Unrestricted	funds
General fund		92,158	(94,686)	50,000	47,472
TOTAL FUNDS		92,158	(94,686)	50,000	47,472

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
					f,
Unrestricted		funds
General	fund		85,013	(89,463)	25,000	20,550
TOTAL	FUNDS		85,013	(89,463)	25,000	20,550

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		177,171	(184,149)	75,000	68,022
TOTAL FUNDS		177,171	(184,149)	75,000	68,022

	Detailed Statement ofFinancial Activities
	for the Year Ended 31March 2021
		2021	2020
INCOME AND	ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account	interest	783	1,341
Charitable activities
Residential Charges		90,675	83,672
Total incoming	resources	92,158	85,013
EXPENDITURE
Charitable activities
Wages		45,169	37,599
Social security		4,976	5,109
Pensions		1,865	1,857
Rates and water		3,995	11,988
Insurance		1,930	1,898
Telephone		1,091	1,338
Postage and stationery		109	41
Sundries		282	1,705
Food &Cleaning		10,434	10,164
Property repairs		16,676	10,206
Computer Costs		202	202
Depn offixtures	6t fittings	2,313	2,135
		89,042	84,242
Support costs
Finance
Bank charges		75	75
Other
AAiliation fee		2,235	2,202
Governance costs
Accountancy		1,914	1,946
Bookkeeping		1,420	998
		3,334	2,944

2021	2020
94,686	89,463
(2,528)	(4,450)