2022-03-31-accounts - The Abbeyfield Uxbridge Society Limited

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		Pages
Legal and Administrative	Information
Report ofthe Trustees		2-5
Report ofthe Auditors
Income and Expenditure	Account	10
Balance Sheet
Cash Flow Statement		12
Notes to the Cash Flow	Statement
Notes to the Financial Statements		14-20

Secretary:	Secretary:		S.Harris	S.Harris	S.Harris
The trustees		serving	during the year and since the year end are			as follows:
Directors and Members				ofthe Board
Treasurer:					A.J.Sansom
Members:					V. Rigby
					A. E.Valentine
					S.Trimby
					D. Martin (Appointed 24 August 2021)
No members		ofthe Board		have any contractual	ties with the Society
Administrative		Nlanager:			Mrs S.Harris
Finance Manager:					Ms S.M. Kelly
Registered	Office:				2-6 Marshall Drive
					Hayes
					Middlesex
					UB4 OSW
Architects	and Quantity			Surveyors	RJA Partnership
					1/3 High Brooms	Road
					Tunbridge Wells
					Kent TN4 9DA
					Hazle McCormack Young LLP
					Leap House, Frog Lane
					Tunbridge Wells
					Kent TN1 1YT
Auditors					Moore Kingston	Smith LLP
					The Shipping Building
					The Old Vinyl Factory
					Blyth Road
					Hayes, London
					UB3 1HA
Bankers					Barclays Bank pic
					High Street
					Hounslow
					Middlesex
					TW3 1DL
					Metro Bank
					The Pavilions
					50 High Street
					Uxbridge
					UB8 1JP

to residents. The Society's metrics f	or the year are as follows:
Reinvestment	1 8%
New supply delivered	None
Gearing %is not applicable since there is no debt finance.
EBITDA MRI interest cover measure	is not applicable since there is no interest payable.
Headline social housing cost per unit	F14,167
Operating margin	-28.9%
Return on capital employed

		Notes	2022	2021
			6
Turnover			329,694	316,204
Operating costs			(425,020)	(404,714)
Operating Surplus/(Deficit)			(95,326)	(88,510)
Interest receivable and similar	income		77	1,498
(Deficit)/Surplus on ordinary and deficit forthe year	activities before and after taxation		~$$$$$	~i$$,$1$
Reserves at 1 April 2021		14	2,557,632	2,644,644
Surplus/(Deficit) for the year		14	(95,249)	(87,012)
Reserves at 31March 2022		14	2,462,383	2,557,632

		Notes		2022		2021
				6		6
Fixed Assets
Tangible assets				2,235,788		2,302,859
				2,235,788		2,302,859
Current Assets
Debtors		10	33,327		32,035
Investments		11	198,500		327,305
Cash at bank and in hand			449,241		364,638
			681,068		723,978
Creditors: Amounts	falling due
within one year		12	(69,093)		(61,442
Net current assets				611,975		662,536
Total assets less current liabilities				2,847,763		2,965,395
Creditors: Amounts after one year	falling due	13		(385,380)		(407,763)
Net assets				2,462,383		2,557,632
Represented by:
Capital and Reserves Revenue reserves		14		374,358		424,917
Designated reserves Restricted reserves		14 14		2,078,025 10,000		2,122,715 10,000
				2,462,383		2,552,532

(a)	Reconciliation ofdeficit activities	Reconciliation ofdeficit activities	for the year to net cash inflow from operating	for the year to net cash inflow from operating	for the year to net cash inflow from operating	2022 6	2021 6
	Deficit for the year					(95,249)	(87,012)
	Depreciation					67,071	67,749
	Interest receivable					(77)	(1,498)
	(Increase)/Decrease in	debtors				(1,292)	18,052
	Decrease in creditors					(14,732)	(41,355)
	Net cash outflow from operating			activities		~44,278)	)44,00 )
(b)	Gross Cash flows					2022	2021
	Returns on investment		and servicing offinance			6	6
	Interest received					77	1,498
(c)	Reconciliation ofnet funds (note (d))	cash flow to movements			in net	2022	2021 6
	Decrease in net funds	in	the year			(44,202)	(42,566)
	Net funds at 1 April 2021					691.943	734,509
	Net funds at 31 March	2022				647,741	691,943
(d)	Analysis ofchanges in		net funds		Balance at 1	Cash flows	Balance at 31
					April 2021		March 2022
					6	6	6
	Cash at bank Current asset investments				364,638 327,305	84,603 ~128,805	449,241 198,500
					691,943	(44,202)	647,741

Turnover
							2022	2021
							6
Income from lettings:	(supported		sheltered		accommodation)
-Gross rents receivable							417,769	404,190
-Less rent losses from	voids and		rebates				(112,022)	(110,641)
Net rentals receivable							305,747	293,549
Other income:
-Capital grant income - Miscellaneous income							22,382 1,565	22,381 274
							329,694	316,204
The turnover arose from activities			wholly	in	the United	Kingdom.
Units in management							2022	2021
Supported housing and	housing	for older		people			30	30
Operating Deficit
Operating deficit forthe year is stated after					charging/(crediting):		2022	2021
							6	6
This is stated after charging;
Depreciation ofowned	tangible fixed assets						67,071	67,749
Auditors remuneration	- Audit						7,380	6,900
Auditors remuneration	-Other services						4,271	3,480

Employees
The average monthly number of persons (excluding	members	ofthe Board) employed	during the pediod was: 2022 2021
Office staff
Housekeepers, caretakers and cleaners
Their aggregate remuneration for the above persons	comprised:		2022 6	2021 5
Wages and salaries Social security costs			141,990 6,185	156,103 7,838
Pension costs - defined contribution			3,183	4,585
			151,358	68,526

9	Tangible Fixed Assets	Freehold	Furniture,
		housing	fixtures,
		properties-	fittings and	Total
		6		6
	Cost
	At 1 April 2021	3,516,269	149,041	3,665,310
	Additions
	At 31 March 2022	3,516,269	149,041	3,665,310
	Depreciation
	At 1 April 2021	1,251,367	111,084	1,362,451
	Charge forthe year	62,326	4,745	67,071
	At 31 March 2022	1,313,693	115,829	1,429,522
	Net Book Value
	At 31 March 2022	2,202,576	33,212	2,235,788
	At 31 March 2021	2,264,902	37,957	2,302,859
10	Debtors
			2022	2021
			6
	Amounts falling due within one year:
	Residential debtors		7,426	7,605
	Prepayments Other debtors		16,389 9,512	15,066 9,364
			33,327	32,035
11	Investments
			2022	2021
	Shorttermdeposits		198,500	327,305

Creditors: Amounts	falling due within one year
		2022	2021
			8
Trade creditors		20,566	12,124
Residential creditors		1,188	2,078
Taxation and social security		1,685	1,619
Pension creditor		1,123	1,091
Accruals and deferred	income	22,149	22,149
Government grants		22,382	22,381
		69,693	61.442

Creditors: Amounts falling	due after more than one year	2022	2021
Government grants Social Housing Grant Department of Environment	grant	154,919 230,461 385,380	159,572 248,191 407,763
Movement on government	grants:
Opening balance Amortisation to be recognised as turnover		430,144 (22,382)	452,525 (22,381)
Closing balance		407,762	430,144
This balance will be released as follows:
Within one year After one year		22,382 385,380	22,381 407,763
		407,762	430,144

Financial	instruments
				2022	2021
Carrying amount offinancial Debt instrument measured at		assets amortised	cost	16,938	16,969
				16,938	16,969
Carrying Measured	amount offinancial at amortised cost	liabilities		45,026	37,442
				45,026	37,442