Company number; 10259078 Chailty number: 1168173 Abbe field We Valle Societ Llmited Financial Statements For The Year Ended 30th June 2025
Abbe ield We VallÈ Socle Limlted Flnancial StatemÈnt$ ForThe Year Ended 30th J ne 2025 Contents Page Le8al gnd admlnlstratlve Informatlon Report of the Board of Trustees IndependentAudltors' Report 10-12 statement of Flnanclal Actlvltle5 13 Balon¢e Sheet 14 Statement of Cash Flows Notes to the Flnanclal Statements 16-32
Abbe leld We Valle Soclet Llmited Le I ndAdm ratlve Infor atlon Charity number 1168173 Company number 10259078 Registered Provider number H3294 Princlpal and reglstered office Wey Valley House Mlke Hawthorn Drlve Farnham Surrey GU9 7UQ Audltors Knox Cropper LLP Offlce Sulte I, Ha51emere House Lower Street Haslemere Surrev GU27 2PE Bankers Barclay5 Bank PIC I Churchill Place London E145HP Investment Management Barclays Wealth and Investment Management Barclays Bank PIC I Churchlll Place London E14 5HP Page I I
Abbe leld We Valle Soclet Limlted Re ort of thè Boayd of Trustees ForThe Year Ended 30th June 2025 Chairman: Mr Brian Thomas Vice Chairman: Mrs G Ward Secretary: Mr D Hutchln50n Other members of the Board of Trustees., Mr P Duffy- retlred 2710812025 Mr F P Whitlock Mr T Shepherd Mr N Grealy- resigned 0610112025 Ms E Edgar Mr A DSck- resigned 12106/2025 Mr P Gresham - Treasurer from 1410812024 Ms S Cox- appointed 2810512025 Mr P Davies - appolnted 07111/2024 & reslgned 18/0612025 Ms S Ferguson- appolnted 2610812024 & resigned 05111/2024 Senlor Management The Senlor Management team In place at the date of the signing of these accounts were.. Ms S Tidy Chlef Executlve Officer MrJ Wigmore Chlef Flnance Officer Ms S Hartley Chief Operating Offlcer Ms L Arnold Operations Manager Mr l Loom5 Marketlng & PR Manager The Board of Trustees of the Soclety land Directors of the Company) present thelr Report and audited Flnancial Statements for the year ended 30th June 2025. Status The Soclety is registered as a Charitable Company - Abbeyfield Wey Valley Soclety Limited (Charltable Number: 1168173 and Company Number.. 102590781 and is governed by itsArtlcles ofAssoclation.The Soclety is reglstered with the Regulator of Soclal Housing IHome5 England) (No. H32941 and six of the Society's homes,. Wey Valley House, Hatch Mill, Maltland House, Nower House, David Gresham House and Rldgway Court, together with the CEO, are registered with the Care Quallty Commis51on underthe Care Standards Act 2000, as revised and modified by subsequent le8lslatlon. Purpose & princlpal activity The principal activity of the Society 15 to provlde accommodation for the relief and care of elderly persons suffering from dlsabllltle5 of old age or otherwise belng In need. To thls end, the principal activlties of the company are the operation of residential care, nursing Care, sheltered housingp and domiciliary care servlces. Public Beneflt The primary public benefit offered by the Society is the re15ef of loneliness for the elderly, but more speciflcallyi the benefits provided by the Soclety Include: Provldlng resldential accommodation to elderly people who are unable to look after themselves. Caring for elderly people who are frail and need long term nurslng care. Provldlng sheltered housing to elderly people unable to live on their own. Providing dorniciliary care to the communlty. The Trustees conflrm that they have had regard for the Charity Commission's guldance on public benefit. Page12
Abbe Ield W Valle mlte Re rt of the Board ot Trustees F rThe Year Ended 30th June 2025 strateglc Report,, Objectlves of the Society The long-term objectives of the Soclety are set by Its objert5, as per 3.1 of the Artlcles of Assoclatlon. The Soclety Is established for the relief and care of an increasinE number of elderly persons of all classes, beliefs and nationalitles suffering from the disablllties of old age or otherwise in need by the provision and management of housing including soclal housingi accommodation or asslstance for such persons on 8 not-for- prof it basis. The short-term objective Is to ensure that the company Is viable and to ensure that It can continue to meet its long-term obJectlve. Measurement of success agftlnst alms and objectives The Trustees have referred to the guidance in the Charlty Commlsslon general guldance on publlc beneflt when reviewlng the aims and objectlves of the Society and in plannlng Its artivltles and in measurlng Its success agalnst those aim5 and obJeGtlves. The objects wlll be principally attalned by the provlslon of nursing care, personal care, meals and accommodatlon in the care homes that are run by the Soclety. The Soclety measures Its success against Its long-term oblectives by the level, quality) range of care provided, and consistently high occupancy levels. Short-term success Is measured by achievement of a sustainable net surplus. As well as Its financial posltlon the Society is continually monitoring Its performance by the use of questlonnalres completed by both sponsorslfamllles and resldents. Value for money Through the Trustee structure of the Societyi It is able to malntaln Its fees at a level below that of other providers offering 51mllar levels of care/services In Its geographical locality. The Board is therefore very confident that Its service users are belng offered value for money, The SocietV'5 princlpal funding source is fees pald by our 5ervlce users, and fees paid on behalf of our 5ervlce users by County Counc115 and Care Commissionlng Groups. The Society also has a number of volunteers who provide companionshlp to the Care Home resldents on 4n ad-hoc basls. Volue or Mone metrlcs In response to the Value for Money Standard Issued by the Regulator of social Housing, the Soclety reports the requlred seven Value for Money metrics. The Society has chosen to publlsh comparatlves from The Abbeyfield Society ITASI- Housing Association Number H1046. Metric l - Reinvestment % This metrlc looks at the Investment in properties lexlstlng stock as well as new supplyl as a percentage of the value of total properties held. The only maJor capltal expenditure durlng the year wa5 approximately £126,000 spent on professlonal fees on the proposed Wey Valley.House Extenslon, Metrlcs 2- New su I dellvered % The Soclety dld not deliver any new supply. Metric5 3- Georin The Soclety's sheltered soc[31 housln8 is all freehold and is owned outright. The Soclety has one long term loan a8alnst one of Its care homes, Wey Valley House. Page13
Abbe leld We Valle So¢let Limlted Re ort of the Board of Trustees For The Year Ended 30th June 2025 Metrlcs 4~ Earnin Interest Cover % sbe ore Interest Tox De reciotion Amortisation Mo orRe oirs Included EBITDA MRI The only Interest pald by the Society relates to the loan identlf led in tvletric 3. Metric S- Headline 50ciGI housin cost erun Metrlc 6~ 0 erotin Mar In% Metrlc 7- Return on ca ital em ROCE This metric compares the operatlng surplu5 to total assets less current liabil ities, Year ended 3010612025 1.04°A o.ooA 139.9)OA 14,686.0% £56,260 Year ended 3010612024 Comparator Metric I Metric 2 Metric 3 Metric4 Metrlc 5 Metrlc 6 Overall Housing Metrlc 7 3.1'A o.ooA 0.00 31.0 15,513.00 £51,336 126.81 / £37.231 7.69OA 7,91°A 3.60°A 1.29% 1.50% 0.61. 5.8OA 18,71)% 2.1°A Results for the year The Flnanclal Statements have been prepared In accordance with the Housing & Regeneration ACE 2008 and The Accountlng Dlrection for Prlvate Règistered Provlders of Social Housing 2022 and the Charities SORP. The care and management artivities of the Society during the year show an operating deflclt of £215,581 12024.. £131,392 surplus) on a turnover of £11,867,18512024: £11,319,264). After adjusting for net investment returns, and Investment and property revaluations, the resulting Net Movement In Funds as identified on the SOFA are a galn of £1,218,12012024'. gain of £576,907). Within this result, the Home Care business generated a turnover of £179,69212024,' £170,031). Donatlon5 received In the year amounted to £11,51012024: £54,922) The excess of Interest recelvable over that payable amounted to £213,530 {2024.' net interest recelvable of £181,1001, The COVID - 19 pandemlcls now firmly behlnd us, However, on the back of the pandemlc, Nower House continues to Struggle to reach acceptable occupancy rates, The Society has Instigated a more in-depth marketing effort in order to reduce the number of voids, Signlficant expendlture has been made and will continue to be made to ensure the home is more appealing not only to the current resldents but to potentlal resldent5 as well. The deflclt for the year for the year was predomlnantly caused by a number of factors; belng the volds at Nower House & David Gresham House together with hlgh levels of agency staff. The lastfartorwas the slze of the increase in the Real Llving Wage Foundation'5 recommended pay, whlch was rather more than what the Society had bltdgeted for. The Soclety alms to match the Real Livln8 Wage Foundatlon's pay rates, Management is actlvely working to reduce both volds and agency cost5. Page | 4
bbe leld We Valle Socié LlmSted Re ort of the Board ofTruste8S ForThe Y Ended 30 h June 2025 Fixed Assets Additlons and disposals of fixed asset5 together with movements in the associated depreclatlon provlslons are set out in Note 11. The Board is satisfied that the value of Its houslng stock Is at least worth the net book value of the underlylng fixed assets. The net book value of the Soclety's land and building assets at the 30th June 2025 wa5 £15.8 milllon. Associated wlth these assets are historic social Houslng Grants which are identified in Note 18 and amount to £3.29 milllon as well a5 £1.49 milllon not recognised which relate to hlstoric grants on propertles transferred to the Society. Kemnal House, the Soclety's former 7 bed sheltered house in Haslemere, was sold in April 2025. Investments The Soclety continues to hold Snvestments managed by Barclays Private Banking in one of thelr Charity Unlt trusts. Details of movements wlthin the investment ran be found In Note 12, The stock markets} partlcularly in the USA, have performed well In the 24/25 flnanclal year. Equallty and Diverslty poIIcy The Society ha5 a robust Equallty and Diversity Pollcy which promotes awareness and defines appropriate tralnlng to enable staff to recognlse and avoid di5crlmination, harassment, victlmlsadon and promote equal opportunities. Job applicants wlll not be asked about health or disability before a job offer Is made, except In the very limited clrcumstances allowed by law, for example, to check that the applicant can perform intrinslc part5 of the role they are applying for, IE.g. heavy lifting taklng account of any reasonable adjustments), or to see i* any reasonable adlU5tments can be made prlor to employment. The Society Is responslve to the needs of its employees and as such wlll always actively seek to make reasonable workplace adjustments Should any employee of the Society become disabled during employrnent. The Soclety appreciates that members of staff may be neurodivergent and wlll endeavour to ensure that neurodivergent employees are not treated unfalrly or suffer any detriment due to their neurodlvergence. Mandatory trainlng on Equallty and Dlversity Is undertaken by all staff annually. Reserves Poll The Charity Commlssion expects that all charlties have plans to spend the money that they receive for charitable purposes. However, they also expect charltles to hold reserves to meet speclflc longer-term charltable purposes, and also to mitl8ate the risks inherent In their businesses. The Trustees believe that the Soclety requires adequate reserves.. l. To address the pos51blllty of a rapld downturn In occupancy level which would adversely affect our income generation. Thus, a reserve would be needed to allow for a restructuring of the Society. 2. To enable an orderly Ilquidatlon in the most unllkely event of the Society needing to cease operation. 3. To ensure Its existing operations remaln fit for purpose, and to ensure the flnancial f lexiblllty to develop new 5ervlces In existlng and potentially new locatlons, 4. The Society, In line wlth its charltable objectives, Intends to ensure that It5 servlces are available to those in need. The Balance Sheet shown In thesefinancial statements, and a150 shown In Note 28, shows the Society to have total funds of £24,789,837 at 30th June 2025. Of this balance, £3,367,165 Is held In restricted funds as identified in Note 21 to the account5. Pagels
Abbe leld We Valle Soclet Llmlted Re ort of the Board ofTrustees For The Year Ended 30th June 2025 A 'Prudential Reserve, is held at £1,000,000 to cover Items l & 2. A'Deslgnated Reserve, Is held at £8,539,803 to cover Item 3. Flnally, In order to adequately perform its charltable purposes, Identlfied In 4 above, the Society holds a 'Revenue Reserve, atthe 30th June 2025 Df £11,882,869. These reserves, togetherwlth those reserves gaine from historlcal mergers are held within the Flxed Assets of the Soclety together with those net current assets not already allocated to the 'Prudentlal Reserve, and the 'De5ignated Reserve,, The Trustees review Reserve balances annually to ensure they are adequate, and that they are held in appropriate a55et type5. Future Plans The Society wlll contlnueto use its cash resources and operatlonal expertlseto make improvementsto Nower House, wlth the alm to increase its occupancy to the level of the Soclety's other homes. The Soclety also plans a significant extenslon to Wey Valley House, to Increase the nurnber of room5, to ensure It remains competitive in today's market and 'f it for the future, The extension wlll provlde new rooms with en-sulte walk-ln showers, an upgraded lift, new seatlng areas and a new halrdressing salon. The Society 55 hopeful thatthe bullders wlll commence thelr work in Sprlng 2026. Page16
Abbe Valle So¢le Llmlted ort of the Soard of Trustees ForThe Year Ended 30 h June 2025 Organisatlon Structure The members of the Board of Trustees have overall responslbillty for ensuring thatthe Soclety has approprlate systems of control, care, financial and otherwise, The systems of financial control are designed to provide reasonable, but not absolute, assurance against any material financlal misstatement, especially of loss. They include an annual budget, approved by the Board of Trustees, regular revlew of artual results and variances from budget, and delegation of authorlty and segregatlon of duties as far as possible given staffing levels. The Board meets fourtimes a year. The Soclety operatestwo separate sub-committee5 corresponding to the core areas of the Society's business,. namelycare and Finance. Eachls headed by a trustee and reports directly to the Board of Trustees, These 5ub- commlttees meet at leastfourtimes a year. The Chair of each sub-commttee and the Board Chair form the Remuneration Committee which lusuallyl meets once a year to agree pay Increases for the annual staff pay rlse. No Trustees are paid for thelr servlces although expense5 Incurred In the Course of thelr duties are encouraged to be clalmed. The Soclety has a very strong and effective Board of Trustees, We maintaln a matrix of people against needed skills and experfence. The Tru5tee5 are thus able to conslder all i55ues coming beforethem in a proper manner, but consultants are used where particular speclalist advlce is requlred, Trustees are usually recommended to us or come forward as volunteers, though It is becomlng increasingly dlfficult to find suitable individuals who are prepared to take on the responsiblllty Involved. We would welcome trustees of any gender, sexual orlentatlon, or ethnlc background but sadly at the prèsent tlme we have no-one from one of the mlnority communltles, Thlsls probably due to the demographlc makeup of the local area. All new trustees are Intervlewed by the Chalrman, Vlce-chairman and Chlef Executlve prlor to appointment. They then have an Inductlon programme of at least a day. The aforementloned three people monitor the performance of the Board on a continuous basis and equallythe trustees are encouraged to provlde feedback to the Chairman and Vice Chalrman on their performance. Rlsk management The Board of Trustees formally monitors r15ks annually and sets up pollcle5 to mitigate them. The members ofthe Board of Trustees are committed to en5urlngthatthe Soclety's system of Internal controls is adequate and effective. A number of steps have been taken to enhance further the exlsting systems of Internal control. These Include., a) A progres51ve revislon and upgrade of rlsk management arrangement5,' and bl A review of the cperational Risk Assessment programme to Incorporate both qualitative and compliance review of all of the Soclety's activlties. The Society rnaintain5 an Assets & Llabllitles reglster and perlodically reviews the financial strengths and weaknesses of the Society. These have given f urther conf Idence to the Trustees that the Soclety is In a strong posltlon to continue Its servlce and meet its publlc benefit for the foreseeable future. Health and safety The Soclety is aware of Its responslblllties on matters relatlng to health and safety. The So¢lety has prepared detalled health and safety pollcles and provlde5 regular tralnlng and educatlon on health and safety matters. Page | 7
Abbe ield We Valle Socle Limlted Re ort of hÉ Board otTrustee5 ForThe Year Ended 30th Jijne 2025 Statement of the Board of Trustees Responsibllitles The Charities Act 2011 and Companies Act 2006 and Registered Social Housing leglslatlon require5 the Board to prepare f inancial statements for each financial period which glve a true and fair view Df the State of affairs of the Society a5 at the end of that flnancial period and of the surplu5 or deflcit of the Society for the period ended on that date. In preparing these financial statements suitable accountlng pollcle5 have been used, framed to the best of the Board's knowledge and bellef, by reference to reasonable and prudent judgment5 and estimate5 and applied consistently. Applicable U K accoLJnting standards and statements of recommended prartice have been followed. The Board is also required to Indicate where the financial statements are prepared other than on the basls that the Socletv Is a Eolng concern. The Board of Trustees Is responslble for ensuring the keeping of propèr books of account which dlsclose with reasonable accuracy at any time the f inancial posltion of the Society and which enable them to ensure that the accounts comply with the Charitles Act 2011, the Companies Act 2006, the Housing & Regeneration Act 2008 and The Accounting Direction for Prlvate Reglstered Providers of Social Housing 2022, They are responsible for safeguarding the assets of the Soclety and hence for taking reasonable 5tep5 for the prevention and detectlon of fraud and other irregularltles. Page18
Abbe leld We Socie Llmlted Re of the Board of Trustees ForThe Year Ended 30th June 2025 Provlslon of infom)atlon to Auditors So far a5 each Member of the Board Is aware at the tlme the report is approved.. There Is no relevant audlt Information of whlch the rompany'5 auditors are unaware, and The Board members have taken all step5 thatthey ought to have taken to make themselves aware of any relevant audit Informatlon and to establlsh that the audltors are aware of that information. Slgned on behalf of the Board Mr 8rlan Thomas: Chalrman Dated: 3 December 2025 Page | 9
Inde endent Audltorg Re ortto the Members of Abbe fleld WÉ Valle Societ LSmited Oplnion We have avdlted the financlal statements of Abbeyfield Wey Valley Society Llmlted (the 'Society'l for the year ended 30th June 2025 which comprise the Statement of Financlal Attivitles, the Balance Sheet, the Statement of Cash Flows and the related notes. The flnancial reporting frarnework that has been applled in their preparation is applicable Saw and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practice). In our oplnlon the flnanclal statements: give a true and fair view of the state of the Saciety's affairs as at 30th June 2025 and of Its Income and expenditure, Incl uding Its result, for the year then ended. have been properly prepared In accordance wlth United Kingdom Generally Accepted Accountlng Practice,. and have been prepared In accordance with the requlrements of the Companies Act 2006, the Housin8 and ReEeneratSon Act 2008 and the Accountlng Dlrectlon for Prlvate Registered Providers of Soclal Housing 2022. Basls for opinion We conducted our audit in accordance wlth Internatlonal Standards on Auditing {UKI IISAS IUKII and applicable law. Our responslbllltles under those standards are further described in the Auditors responsibilities for the audit of the flnoncial statements sectlon of our report. We are Independent of the So¢lety In accordance with the ethlcal requlrements that are relevant to our audlt of the financlal statements In the UK, includlng the FRC'S Ethical Standard, and we have fulfllled our other ethlcal responslbllltle5 in accordance wlth these requlrements. We belleve that the audit evidence we have obtalned is suff icient and approprlate to provlde a basls for our oplnlon. Conclusions relating to going concern In auditing the financial statement5, we have concluded that the dlrectors, use of the golng concern basis of accounti ng In the preparation of the financlal statements 15 appropriate. Based on the work we have performed, we have not Identlfled any rnaterlal uncertalntle5 relatlng to events or conditions that, individually or collectively, may cast significant doubt on the company'5 ability to contlnue as a goln8 concern for a period of at least twelve month5 from when the financlal statements are authorised for Issue. Our re5ponslbilitles and the respon51billtles of the directors with respect to going concern are descrlbed in the relevant Sections of this report. Other Information The trustees are responsible f or the other information, The other information cornprise5 the information Included in the annual report, other than the financial statements ?nd our Report of the Independent Audltors thereon, Our oplnion on the financlal statements does not cover the other information and, except to the extent expllcltly stated In our report, we do not express any form of assurance concluslon thereon. In connection with our audit of the flnancial statements, our re5pon5ibility Is to read the other information and, In dolng so, consider whether the other informatlon Is materially Inconsistent wlth the financial statements or our knowledge obtained In the audit or otherwlse appears to be materlally misstated. If we Identlfy such material incon51stencles or apparent mlsStatement5, we Ire required to determine whether there is a material mls5tatement in the flnanclal statements or a materlal misstatement of the other information, Page | 10
Inde dent Auditors, Re ortto the Members of Abbe fleld We Valle Socle Llmited If, based on the work we have performed, we conclude that there 15 a materlal misstatement of this other Information, we are requlred to reportthat fact. We have nothing to report in thls regard, Opinlon on other matters prescrlbed by the Companies Act 2006 In our oplnion, based on the work undertaken in the course of the audit: the Information given in the Report of the Trustees for the financial year for which the financlal statements are prepared Is consistent with the flnanclal statement5,' and the Report of the Trustees has been prepared in accordance with appllcable legal requirements, Matters on whlch we are requlred to report by exception In the118ht of the knowledge and understanding of the Soclety and its environment obtalned In the course of the audlt, we have not identlfled material mlsstatement5 in the Report of the Trustees. We have nothing to report In respect of the following matters where the Companles Act 2006 require5 US to report to you If, In our oplnlon: adequate accounting records have not been kept or returns adequate for ourgudit have not been recelved from branches not vislted by us,. or the financial statements are not in agreement with the accountlng records and returns,. or certain disclosures of trustees, remuneratlon specified by law are not made,. or we have not recelved all the informstlon and explanatlons we requlre for our audlt; or the trustees were not entltled to take advantage of the small companles, exemptlon from the requlrementto prepare a Strateglc Report or in preparlng the Report of the Trustee5. Responsibilities of trustees As explalned more fully In the Statement of Trustees RespDnslbilitles set out on page seven, the trustees Iwho are also the directors of the Society for the purposes of company law} are responslble for the preparatlon of the flnanclal statements and for being satlsfled thatthey 8ive a true and falr vlew, and for such internal control as the trustees determine is necessary to enable the preparation of financlal Statements that are free from material m155tatement, whether due to fraud or error. In preparlng the financial statements, the trustees are re5ponslble for a55esslng the Soclety's ablllty to continue as a golng concern, disclosingi as applicable, matters related to going concern and uslng the golng concern basis of accountlng unless the trustees either intend to Ilquidate the Society or to cease operatlon5, or have no realistic alternatlve but to do 50. Our resportslbilities for the audlt of the financial statements Our obJectlves are to obtain reasonable assurance about whether the f Inanclal statements as a whole are free from material m155tatement, whetherduetofraud or error, andto15sue a Report of the Independent Audltors that Includes our oplnion. Reasonable assurancels a hlgh level of assurance, but is not a guarantee that an audit condurted in accordance wlth ISAS IUKI will always detect a material misstatement when It exist5. Misstatement5 can arise from fraud or error and are considered material if, Individually or in the aggregate, they CL)uld reasonably be expected to influence the economic decisions of users taken on the bssls of these flnanclal statements, Irregularities, Including fraud, are Instances of non-compllance wlth laws and regulations. We deslgn procedures in Ilne wlth our responsibillties, outllned above, to detect material mi5Statements in respert of irregularlties, Includlng fraud. The extent to whlch our procedures are capable of detecting Irregularltles, includlng fraud Is detalled below: We obtalned an understandlng of the legal and regulatory frameworks that are appllcable to the Society which have 4 dlrett Impact on the financlal statements and determlned that the most Sl8nif i¢ant are the Page | 11
Inde endentAudltors' Re ortto the Members of Abbe Fleld We Valle Soclet Llmlted Financlal Reporting Standard 102 'The Financlal Reporting Standard appllcable In the U K and Republic of Ireland, (United Kingdom Generally Accepted Accou ntlng Practice), the Companles Act 2006 and Standards Issued by the Regulator of Soclal Housing. We understood how the Soclety is complying with those frameworks via communlcation with those charged with governance, together with the review of the Soclety's documented polities and procedures. We assessed the susceptibility of the Society's f inancial statements to material mi55tatement, including how fraud mlght occur by conslderlng the key risks impacting the f Inancial statements. These included r15ks associated wlth revenue recognition and management override of controls, whlch were discussed and agreed by the audit team. Our approach Included agreelng the Society's recognition of income to the terms of the underlying contract, the review of journal entries processed in the accountlng records and the investigation of significant and unusual transactions Identified from our review of the accounting records. Based on thls understanding we designed our audit procedures to Identlfy non-compliance with such laws and regulations. Our procedures involved review of the reporting to the director5 wlth respect to the applicatlon of the docurnented policies and procedures and review of the flnancial statements to ensure compllance wlth the reportlng requlrements of the Soclety. There are inherent limitations in the audit procedures descrlbed above and, the further removed non- compllance wlth laws and regulations is from the events and transactlons reflerted in the financial statements, the less likely we would become aware of it. The risk of not detecting a materlal misstatement due to fraud Ss hlgher than the risk of not detecting one re5ultlng from error, as fraud may involve dellberate concealment by, for example, forgery or Intentlonal mi5repre5entations, or through collusion. A further de5crlptlon of our respon51bilities for the audit of the financial statement5 is located on the Financial Reporting Council's website at www.frc.org.uvauditorsre5pon51blllties. Thls descrlption forms part of our Report of the IndependentAuditors, Use of our report Thls report is made solelyto the Society's members, a5 a body, in accordance wlth Chapter 3 of Part 16 of the Companle5 Act 2006. Our audlt work has been undertaken sothat we might state to the charltable company's Members those matters we are requlred to state to them in an auditors, report and for no other purpose. To thef ullest extent permltted by law, we do not accept or assume responsibillty to anyone other than the Society and the Society's members as a body, for our audlt work, for this report, or for the oplnlons we haveformed. NJU4LJ &1 k Matthew Elklns FCA (Senior statutory Audltorl Knox Cropper LLP Chartered Arcountants and Statutory Auditors Office Sulte I, Haslemere House Lower Street Haslemere Surrey GU27 2PE Dated: l D December 2025 Page | 12
intr m LO rl ff> Ln rn
Abbe fleld We Valle Socle Llmlted Balance Sheet At 30th June 2025 Notes 2025 £'ooo 2024 £'ooo Tangible Flxed Assets Housing Properties at Depreciated Cost Vehlcles Fixtures, fittings and equipment Investments li li li 12 15,824 18 627 2,921 16,090 12 406 2,829 19,390 19,337 Current Assets Stocks Trade and Other Debtors Cash and Cash Equivalents 13 14 15 477 6,351 408 5,017 6,836 Current Llabilities Creditors., amounts falllng due within one year 5,433 16 898 839 Net Current Assets 5,938 4,594 Total Assets less Current Llablllties 25,328 23,931 Long Term Llabllities Creditors: amounts falllng due after one year 17 538 359 Total Net Assets £24,790 £23,572 Funds Unrestricted Fund5 Restritted Funds 20 21 21,423 3,367 19,844 3,728 Total Funds £24,790 £23,572 The Flnanclal Statements were approved at the Board of Trustees meetlng on $18ned on its behalf by,, .December 2025, and Mr B Thomas- Chairman Mr P Gresha - Treasurer Page | 14
Abbe leld We Valle Soc Llmlted ement of Cash Flo ForThe Year E ded 30th June 2025 Notes 2025 £'ooo 2024 E'OOO Net Cash Generated From Operatln8 Actlvities Cash Flows From InvestlnE Activities Purchase of property component5 Purchase of other fixed assets Purchase of fixed a55et Investments Proceeds from sale of flxed asset5 Dlsposal of Investments (Note 111 Investment income Investment managementfees Movement in cash held in investments Total Cashflows From Investlng Actlvitles 212 608 11651 1383) 1623} {253 15571 1,429 1,612 133 1141 113 411 245 191 1,125 Cash Flows From Flnancing Actlvltles Interest pald Repayment of Loans Total Cashflows From Flnanclng Activities 131 131 131 Net Change In C95h And Cash Equivglents Cash And Cash E4uivalent5 At BeginnihB Of Theyear Cash And Cash Equlvalents At End Of The Year 1,334 1,016 4,001 £5,017 £6,351 Cash Flows From Operatlng Actlvities Net income for the year Depreciatlon Investment Income and Interest Recelvable Interest Payable Ilncreasel/de¢rease Sn Stock Ilncreaselldecrease In Debtors Increaselldecreasel In Creditors IGalnl/loss on sale of assets (Gainsl on investments Investment management fees 1,218 406 1305) 577 357 {2741 1971 238 11,2481 1121 91 1341 45 {1751 14 £608 £212 Cash and Cash EqulvalentS Bank Balances 6,351 5,017 £6,351 £5,017 Ih Analysis Of Changes In Net Debt At I" July 2024 £'ooo 5,017 At 30 June 2025 £'ooo 6,351 Cash Flows £'ooo 1,334 Cash Loans falling due wlthln one year Loans falling due In more than one year 134) £4,983 134 £6,317 1,334 Page | 15
Abbe leld We Valle Socl Llmlted Notesto the Flnanclal Statements ForThÈ Year Ended 30th June 2025 Status of the Soclety The Society is a private company limited by guarantee reglstered under the Companies Act 2006 IRegistered Number 102590781 in England & Wales and the Charities Act 2011 (Registered Number 11681731. The Society is also reglstered under the Houslng & Regeneration Act 2008 IRegulator of Social Housing number H32941. The Society's reglstered offlce address and a descrlption of the nature of the SocietV'5 operations can be found In the Report of the Trustees. The following accountlng pollcles have been used consistently in dealing wlth Items whlch are consldered material in relation to the Society's accounts. Basls of Accounting and Assessment of Going Concern; The financial statements have been prepared in accordance with the Statement of Recommended Practice Accountlng and Reporting by Charlties preparing their account5 in accordance with the Financial Reportlng Standards appllcable in the U K and Republic of Ireland IFRS 1021 Second Edltlon, the Flnanclal Reporting Standards appllcable in the U K and Republic of Ireland IFRS 1021 and the Companles Act 2006. Abbeyfield Wey Valley Society Llmited Is a public benefit entity and applie5 FRS 102 accordlngly, The accounts comply with the Companie5 Act 2006, the Houslng and Regeneratlon Act 2008, the Accountlng Directlon for Private Reglstered Providers of Social14ousln8 In England 2022. The accounts have been prepared In £GBP sterllngi whlch is the functional currency of the Society. Monetary amounts In these financlal statement5 are rounded to the nearest thousand £. The Trustees consider there are no material uncertainties about the Society's ability to continue as a golng concern. Notwithstandlng the operatinE deflclt made In the year the Society has net assets of over £24.8m Includlng Investments, deposlts and cash of over £9.2m. Flxed Assets- Houslng Land and Bulldings Housing land and bulldings are stated at cost. The c05t of properties is their purchase prlce together with incidental costs of acquisltion Including interest payable, Interest payable Is capitallsed by applying the Soclety's cost of borrowlng to expendlture during the construction or refurblshment of any property up to the date of practltal completion. Additlonally, any professlonal fees incurred in the construction or refurbishment of any property are also capltallsed cost, In accordance wlth paragraph 17,16 of FRS 102, propertles are accountedfor on a component Cost basi5. In the absence of more precise Informatlon, the value of each component has been established using a matrlx agreed between the National Housing Federation and the Institute of Chartered Accountants of England & Wales, wlth the exception of the Hatch Mill redevelopment of 2012 for which component infcrmatlon was available. Soclal Houslng Grant Where developments have been financed wholly or partially by Soclal Housing Grant, the grant is recogn15ed a5 income when recelved or receivable In accordance with the performance model. Social Housing Grant may be repayable In certaln clrcumstances Including the sale of the property or a change in Its Use. Fixed As5ets'. Fixtures, Fittlngs and Equlpment Assets donated to the Soclety are not included In the balance sheet. Other assets are Included at cost. Only a55et5 purchased with a cost greater than £1,000 are capitalised. Page | 16
Abbe leld We Valle Soclet Llmlted Notes o the Flnan¢i Statements ForThe Year ed 30th June 2025 Loan Flnance Costs Costs incurred In the securing and ralslng of loan flnance are amort15ed over the perlod of the loan. Income All Income Is recognised once the Society has entltlementto the Income, It Is probable that the Income will be recelved and the amount of Income can be measured reliably. Turnover represent5 fee5 recelvable, and Income from care at home services which are recognlsed in the period to whlch they relate. Monetary donatlons to the Society are credited to the Statem2nt of Flnanclal Actlvities when it Is probable that they will be receSved. Grants, Including government grants, are measured uslng the performance model and are credlted to the Statement of Flnanclal Activltles when it is probable that they will be recelved and any condltlons have been satisf led. Expendlture Liabllltles are recogni5ed as expenditure as soon as there Is a legal or constructlve obligation committing the Society to that expendlture, It Is probable that settlement will be requlred and the amount of the obll8Stlon can be measured reliably. All expenditure Is accounted for on an accruals bas15 and has been classlfled under headlngs that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activltles on a basls consistent wlth use of the resources. Resource5 expended Includes Irrecoverable VAT. Depreclation The £ost of completed Housing Properties (net of the cost of landl15 depreciated over the Ilfe of the propertles. Propertles are accounted for on a component cost basls with each component being depreclated over Its estimated useful Ilfe. The prlnclpal component5 and the depreclatlon rate applled to each component are set out below: Years nla loo 70 30 15 15 Years 20 30 30 40 20 20 Land Maln Structure & Fabric Roof & Covering Wlndows and External Doors Ga5 Bollers Grounds and gardens Kitchen BathroomlW.C. Heatlnglventllatlon/plumblng Electrlcs Llft Internal structures Leasehold Land15 amortised overthe term of the 125 year lease which began In 1983. Flxtures, fittings & equlpment are depreciated over a 5 year Ilfe on a stralght line basis. Computer equipment is depreciated over a 3 year Ilfe on a stralght Ilne basls. Vehlcles are depreclated on a 25'A reducing balance basls. A full year's depreclatlon Is charged on fixed assets In the year of purchase, with no charge applied in the year of disposal. Assets In the course of construrtlon are not depreclated until they are brought into use. Page117
Abbe leld We Valle Socle Llmlted Notes to the Flnanclal Statements ForThe Year Ended 30th June 2025 Stocks Stocks are valued at the lower of cost or net reali5able value and primarlly comprise of food stocks and cleaning materials. 2.10 Investments Over 990A of the Soclettys Investments are In unit trusts. Initially they are recognised at their transartion value and subsequently measured at thelr fair value as at the balance sheet date using the closing market price. The Statement of f inancial activlties includes the net galns and losses arlsin8 on the revaluations and disp05als throughout the year. Rea115ed gains and losses on investments are calculated as the difference between sales proceeds and their openlng carrying value or thelr purchase value if acquired subsequent to the first day of the flnanclal year. Unrea115ed gains and105ses are calculated as the difference between the fair value at the year end and thelr carrying value. 2.11 Debtors and creditors Trade and Other Debtors are classlfled a5 basic financial Instruments and are measured and recorded in the accou nts at the initlal transaction price. Debtors and Creditors are subsequently measured at amort15ed cost Using the effectlve Interest rate method. Financlal assets classified as re¢eivable wlthln one year and financlal liabilities classlfied as payable wlthin one year are not amortlsed. 2,12 Corporation Tax and VAT The Society has charitable status and is exempt from Corporation Tax. The Society Is not registered for VAT. No VAT is charged to resldents and expenditure In the Statement of Financlal Activltie5 Includes the relevant VAT. 2.13 Pensions The Society used to operate a penslon scheme for employees which meets the requirements of belng a Qualifying Workplace Pension Scheme. The schemewas administered ar)d operated bystandard Life A55urance Company which holds the assets of the scheme. It was a voluntary defined contributlon scheme which Is closed to new members. The Society additionally operates an auto-enrolment pension scheme which is operated through the National Employment Savings Trust INEST} with both employees and the Soclety paying contrlbutions monthly to NEST on a percentage of 'Qualifying Earnlngs, basls. Following tFie two most recent mergers, the Soclety also hzs schemes wlth NOW.. Pensions and The People's Penslon. These two schemes operate in a Similar fashion to N EST. 2.14 Significant Managementjudgements and Estimatlon Uncertalnties airment: Properties are assessed for Impalrment when there is an indication that the property has been Impaired. This includes propertles In the course of development. The assessment 15 carried out bv comparing the carrying value of the property with its recoverable amou nt (taking into account service potentlall, and, where appllcable, the property 15 written down to its recoverable amount. De raclatlon: The depreciatlon of property components is based on management'5 estimate of their u5efvl lives which is kept under review. oubttul Debts rovlslon: The provision for doubtful debts Is based on management's e5tlmate of the recoverabllity of residents, arrears. No provlsion for doubtful debts IS thought to be needed at 30th June 2025. Page | 18
Abbe leld We Valle Sotle Llmlted Notes to the Flnanclal Statements For he Year Ended 30th June 2025 Incomefrom donatlons and grants 2025 £'ooo 2024 £'ooo Donatlons and bequests li 55 Total income from donations and grants £11 £55 Income from charltable actlvltie5 Gross fees from accommodation servlces Less volds 13,754 12,0811 12,993 11,902) Netfees recelvable from 8ccommodation services Home Care actlvitles 11,673 11,091 170 180 Net fees from all aetlvltles £11,853 £11,261 Investment Income Interest on funds on call and short notice Accumulated Income Portfollo dividends and interest 217 88 184 71 19 Total investment Income £305 £274 Inrome from OtherTradlng Actlvities Fundralsing events Total Income from OtherTf8ding Actlvitles £3 £3 Page | 19
Abbe leld We Valle Societ Llmlted Notes to the Flnancialstatements ForThe Year Ended 30th June 2025 Expendlture on charitable activities 2025 £'ooo 2024 £'ooo Employee cost5, agency staff and training Caterlng other care expenses Establishment expense5 Repairs and malntenance Vehlcle costs Depreciation and amortisatlon Residents, amenities Interest payable Debt provlslon and write-offs Disposal of assets Development costs General management expense5 Support costs (Note 81 8,581 527 283 560 542 io 407 72 8,060 572 296 493 371 14 357 70 144 18 89 45 379 549 318 486 Total expenditure on charitable activltles £12,075 £11,174 Support Costs 2025 £'ooo 2024 £'ooo Employee costs Administration costs Payroll fees Professional fees Audltors, remuneratlon 265 246 12 li 15 235 197 12 32 io Total 5UPPOrt COStS £549 £486 Remuneratlon payable to the audltors for the audltlng of the accounts, excl udlng VAT, amounted to £11,72512024.' £11,800). Raising Fund5 2025 £'ooo 2024 £'ooo Investment management fees C05t5 of fundraising event5 14 Total Raislng Funds £11 £17 Page | 20
li J
01n LLI tn Lg > z o
Abbe seld We Valle Socle Llmlted Notes to the Flnancial Statements ForThe Year Ended 30th June 2025 2025 £'ooo 2024 £'ooo 12, Investment5 Balance broughtforward Additlons Accumulated income Dlsposals Unrealised gains/llossesl Movement In cash 2,829 3,751 557 71 11,6671 230 11131 88 181 12 £2,921 £2,829 Wlthin the above are: Investments at falr value through net income Cash held by investment managers 2,915 2,823 £2,921 £2,829 The Soclety dlsposed of Investments with a carrylng value of £8k for proceed5 of £8k, reallsing gains of £Nil 12024.. carrylng value of £1,667k sold for proceeds of £1,612k rea1151ng losses of £55kl. 13. Stocks Household supplie5 £8 £8 14, Trade and Other Debtors Re51dents' fees Less provision for doubtful debts 244 121 144 242 144 other debtors Prepayments and accrued Income 230 263 £477 £408 15. Cash 4nd Cash Equlvalents Bank accounts Flxed term deposits Cash in hand 244 6,100 763 4,250 £6,351 £5,017 Page | 24
Abbe ield We Valle Societ Limlted Notes t the Flnanc al Statements ForThe Year Ended 30th June 2025 16. Creditors: Amounts falllng due withln oneyear 2025 £'ooo 2024 £'ooo Amount due on Orchardbrook Limited Loan (Note 171 Trade creditor5 Social Securlty and PAYE other credltors Accruals and deferred Income 172 213 143 370 194 154 95 396 £898 £839 17. Credltors: amounts falllng due after one year Recycled Capltal Grant Fund Note 19 Loan from Orchardbrook Llmlted Note lal Accruals and deferral Income 470 34 34 325 34 £538 £359 Note lal A 60 year loan taken out in 1986 to help fund the development of Wey Valley House. Interest is flxed at 9.50A and 15 secured by a legal charge over Wey Valley House. 18. Soclal Houslng Grant 2025 £'ooo 2024 £'ooo Aggregate amount received At 1st July 2024 Grant recytled to RCGF 3,428 11461 3,428 At 30th June 2025 £3,282 £3,428 Réleased to SOFA At 1st July 2024 Grant recycled to RCGF 3,428 (1461 3,428 At 30th June 2025 £3,282 £3,428 Net BookAmount At 30th June 2024 At 30th June 2025 In addltlon to the above grants recelved by the Socletyi a total of £1,490,'603 social houslng grants have been assumed bythe Society on transfer of properties from other Abbeyfleld socleties. Page | 25
Abbe leld We Valle Socle Llmlted Notes to the Flnanclal Statements ForThe Year Ended 30th June 2025 19. Recycled Capltal Grant Fund 2025 £'ooo 2024 £'ooo Balance brought forward Grants recycled Interest accrued 325 145 325 Balance carried forward £470 £325 The entlre balance of the RCGF relates to Homes England. 20. Reserves: Movement Durlng Theyear Opening Balance 0110712024 £'ooo Total Transfers Comprehenslve Tollfrom) Income Reserves £'ooo £'ooo Closing Balance 30106/2025 £'ooo Unrestricted Reserves Designated Reserves Revenue Reserve Prudentlal Re5eNe 8,540 10,304 1,000 8,540 11,883 1,000 1,553 26 Total Unrestrlcted Funds 19,844 1,553 26 21,423 Restrlcted Funds (Note 211 3,728 13351 126) 3,367 £23,572 £1,218 £24,790 The De51gnated Reserve represents those reserves allocated by the Soclety to ensure its exlsting operatlons remain f it for purpose, and to develop new services. The Prudential Reserve represents the funds neSsarY to cope with a downturn In the economic environment In whlch the Society operates, or In a wor5t-case 5cenarlo to allow an orderlv liquldatlon of the Charity. Page | 26
bbe leld We Valle Soclet Llmiied No es to the Flnanclal Statements ForThe Year Ended 30th June 2025 21. Restricted Funds openlng Balance Closlng Balance 0110712024 £'oou Income £'ooo Expendlture £'ooo Transfers £'ooo 3010612025 £'ooo Roundhav Guildford House Fund Disabled Vehlcle Fund Maltland House Resident FlnanclaS Support David Gresham House Premlses Fund Gresham Fund Fixed Assets Fund Wey Valley House Staff io 61 io 61 41 {ii 40 817 218 2,502 78 (1721 io} (1521 1261 619 208 2,350 78 £3,728 £13351 £1261 £3,367 Restrlcted Funds The Roundhay fund was establlshed to support resldent5 who mlght require additional financlal support, and the Guildford House fund was to make Ilfe easlerfor resldents who are hard of hearlng and forthelrgeneral comfort In the Gulldford Home. The David Gresham House Premlses Fund and Gresham Fund wereestablished as part oftheTransfer of Engagements with Abbeyfield North Downs Soclety. The Premlses Fund Is to be applled on capltal or revenue expenditure whlle the Gresham Fund is to be applled in supporting resldents wlth payment of thelr fees. The Flxed Assets Fund represents that element of the fixed assets of the Society whlch ha5 been funded by social houslng grants received from the 8overnment. The Wey Valley House Staff fund represents a donation receivedforthe beneflt of Wey Valley House staff, Page127
Abbe ield We Valle Sotle Llmlted Notes to the Financial Statements ForThe Year Ended 30th June 2025 22. ContillEent Liabilitles As part of the transfer of assets by Dorkino Resldential Care Home5 on 30, August 2022, Abbeyfield Wev Valley Society, I'AWVS'I, agreed that should it declde to sell the property that had been transferred across, before 30, August 2027, or close down the home or effectively cease to operate it as a care home, then it would have to pay a Compensation Payment calculated as below. Net sales proceeds of any sale following the sale less deduction of: Reasonable & proper costs of sale, Reasonable and proper closlng down costs, Any proper costs of Investments made by AWVSfor Improvements to the prernlses & grounds, Any properly incurred operational losses In respect the provlsion of Care home services at the premlses, Any other proper costs incurred by AWVS in respect of the building & grounds whlch are not ncluded within point Ill above. The net sales proceeds from the above should be divlded equally between the Soclety and such charltable organlsation or organlsations in the Oorking area to be nomlnated by Central Surrey Voluntary Action, The Point, Lions Court, RH4 IAB or any succe550r body or, In the absence of either, Community Foundation foi Surrey, charlty number 1111600, Company number 5442921. As part of the transfer of assets by Abbeyfleld North Downs Society Limited on 28, Aprll 2023, Abbeyfield Wey Valley Society, I'AWVS'I, agreed that should it decide to transfer thè premlses or any interest In the prem15es before 28, April 2028 without the prlor written consent of the Abbeyfield So¢lety and consent may not be withheld in the case of a sale of the freehold on AWVS ceasing to provide services at the premi5e5 If the Abbeyfield Society is satisfied that arrangernents have been made such that,. The net sale proceeds of any sale that occurs wlthin 5 years of 28th Aprll 2023, as c8l¢ulated after the deduction of.. Costs of sale, Closlng down costs Any investments made by AWVS for improvements to the bulldlng & grounds not pald for out of the Premise5 Fund, Isee Note 211, Any operatlonal losses not paid for out of the Premlses Fund, The cost of the repayment of the So¢l?l Houslng Grant5, If required Any other costs Incurred by AWVS related to the Premises not paid for out of the Premises Fund wlll be transferred to the Abbeylleld Society. Iv, 23. Capltal Commltmehts At 30th June 2025 and 30th June 2024 the Society had no capltal commitments. The 8oard has approved the budget for the year ended 30th June 2026 which Includes Capital costs of £565,00012024.' £655,0001. 24. Employees 2025 £'ooo 7,170 686 320 2024 £'ooo 6,674 557 306 65 Salaries and wages Ernployers, Soclal Securlty costs Pensions Terminatlon payments £8,184 £7,602 The average number of employee5 in the perlod was 33612024: 3331, whlch equated to approxlmately 250 full tirne equlvqlent heads12024'. 2501. Page | 28
Abbe leld We Vall Soclet Llml Notes o the Fin nclal S ements ForTheYear End 30thJ ne 2025 25. Payments to Members, Trustees and Offlcers No fee5 or remuneratlon were paid durlng thls year or last to any of the Members or Trustees. Expenses relmbursed to Trustees in the current flnanclal year amounted to £469 for travel and subsistence expenses12024., £583 for travel and subsistence expensesl. The aggregate amount of emoluments, includlng pen51on contributlons, payable to the Key M8na8ement Personnel In the year were £504,08112024: £509,846), The full-time equlvalent number of staff whose remuneration payable was more than £60,000 Is.. 2025 2024 £120,000- £130,000 £110,000- £120,000 £ioo,000- £iio,000 £90,000- £100,000 £80,000- £90,000 £70,000- £80,000 £60,000-£70,000 13 Included w5thln the above were payments to the CEO, belng the highest pald employee amountlng to £115,188 for the year excl udlng pension contrlbutlons12024., £120,558). The CEO Is a memberof the Soclety's employee defined contrlbution scheme.The Society contribute5 to the CEO'S penslon at 7/0 of salary with the CEO contrlbutlng IOOA of her salary. No speclal or enhanced terms apply. 26. Controlllng Party The Board of Trustee5 are the ultlmate controlllng party of the Society. 27, Unlts In Management 2025 2024 Residential Nursing Sheltered 162 27 15 162 27 22 204 211 One property comprislng 7 sheltered units was sold during the year. There were no acqulsltions of any properties, Page129
Abbe leld We Valle Socle Llmited Notes to the Flnancial Statements ForThe Year Ended 30th June 2025 28. Net Assets by fund Unrestricted É'ooo Restrlcted £'ooo 2025 Total £'ooo Flxed Asset5 Curret)t Assets Current LlabiSities Long Term Llablllties 17,040 5,819 18981 15381 2,350 1,017 19,390 6,836 18981 15381 Total £21,423 £3,367 £24,790 Unrestricted £'ooo Restrlcted £'ooo 2024 Total £'ooo Fixed As5etS Current Assets Current Llabilities Long Term Llabilitles 16,835 4,207 1839) 13591 2,502 1,226 19,337 5,433 18391 13591 Total £19,844 £3,728 £23,572 Page | 30
Ab leld We Vall Socie Llmlted No es to the Flnanclal St tementS F rTheYearEnd d3 hj ne2025 29. ReseNes', Prlor Year Movement Openlng B814nce 0110712023 £'ooo Tot?1 Transfers Comprehensive To/{from} Income Reserves £'ooo £'ooo Closing Balance 3010612024 £'ooo Unre5trlcted Funds De51gnated Reserves Revenue Reserve Prudential Reserve 8,540 9,557 850 8,540 10,304 1,000 797 150) 150 Total Unrestrlcted Funds 18,947 797 loo 19,844 Restricted Funds 4,048 12201 iioo) 3,728 £22,995 £557 £23,572 openlng Balance 0110712023 £'ooo Closing Balance 30106IZ024 £'ooo Restrlcted Funds Income £'ooo Expenditure £'ooo Transfers £'ooo Hatch Mlll Garden Fund Roundhay Guildford House Fund Dlsabled Vehicle Fund Maltland House Llft Fund Maitland House Resident Flnanclal Support Fund David Gresham House Premises Fund Gresham Fund Flxed Assets Fund Wey Valley House Staff 17 io 61 {17} io 61 24 47 1241 {61 41 1,000 273 2,537 78 11621 1211 1551 817 218 2,502 78 1351 £4,048 £12201 £iiooi £3,728 30. Related PartyTransactlons There were no related party transactlons durlng the year, other than those disclosed in note 25. PaEe131
Abbe leld We Valle Socle Llmlted Notes to the Flnanclal Statements ForTheYear Ended 30th June 2025 31. Opeyating Lease Commltments The 5oclety has the followlng non-cancellable operatlng lease commltments: 2025 £'ooo 2024 eooo Due wlthln one year Due In between one and flve years Due In more than five years 50 173 £223 The Soclety recognlsed an expense of £29k In relatlon to operatlng leases In the year. Page132