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-comm￿ttee 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

in￿tr 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

0￿1n
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 ne￿SsarY 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