t_i¥4

HE ABB
DWE
ANC￿￿
rEMENTS
FOR THE
EN
MBER 2
Report of the Executlve Committee
Lond2
Statement of Executlve Commlttee'8 ResponBlbAlltle8
Independent ExAmlnerS Report
Income and Expendlture Account
Statement of Finan¢lAI Aetlvlue8
Balonee Sheet
Note8 to the FLnanciaL Statement•
8-13
Detaued Hoatel Property Revenue Account
14

E EXECUTIVE COMM
The Exeeutive Commfttee submit their report And the fmancial statements for the year ended
30 September 2024.
The Society 18 registered under the Companies Act 2006 ènd the Jiability of members As Ilmited by
guarnjtee.
The Executive Committee serving durin8 the year or at the date of approv8J of the ftswicial
staten￿ntS are..
Dlrector8
Mr J Howe
Mr S Howe
Mr8 1 MacDonsld
J Slllith
Method of appointment
Comnllttee members are gppointed by election at the amku81
gener81 meetin& One third of member8 are requlred to
retire each year, but niay 8tand for re￿eCtiOn.
Executive Cotrunittee rnay also co.opt &dditional commlttee
member8 between annual general meetings.
Abbeyfield Hou¥e
6 The Avenue
TotlaAd Bay
Isle of Wight
P039 ODH
The Regi8tered Office
and Principal Office of
the Society 1$..
Otlker relevant organi8atsons are a$ fDllow8:
Independent Exthiner8
A H Cr05s & Co Limited
Chartered Certffied Account•nt¥
16 Quay Street
Newport
181e of w￿ht
P030 5BG
National Westminster Bank plc
107 St Jome8' Square
Newport
Isle of Wight
P030 IUR
Sollcitor8
Avet)ue Hou8e
Avenue Road
Fre8hwater
Isle of Wlght
P040 9UU

EYFIE
LIMIT
THE
OM
Icontinuedl
ci
Act£vi
The prlndpal activity of the Sodety continue8 to be the provlslon of accommodatlon. care and
eompBnion8hlp for lonely or frall elderly people in accordance wlth the alm8 and prlnelples ofThe
Abbeyfield Society tllmited. ThIB activity falls wholty within hostel hou8lnB actiVitle8 a8 defjned In
the Hou8lng Act 1996.
The Society was registered under the Co-operative Community Beneflt Sodetles Act 2014. In
2019 thc Soclety re-reglatered a8 a Ilmlted eompAny under the prnvi81oD8 of the Companies Aet
2006. and 18 re&iBtered wlth the Chortty Commlaalon a8 a tharlty.
A deficit ol £IBI4 for the year ari8e•. The detsiled hoatel property revenue account 18 preeented
on page 14.
DEta118 ofco8t and depreeiadon or r￿ed asuet8 are 8et out In notco 8 arkd 10.
The Commlttee i8 ol the opinlon that there t8 no 818nlflcant difference between the b￿k coat and
the market vojue for the exiBtkn¥ u8e of the iAnd and bulldlng8.
From tlme to tlme the Sodety review8 the 8klll• and abflltle8 of the Truateeu to en8ure that there
18 ￿eQuate breadth of experlence. Should thts be lacklng or if add1t10t￿l Trustee• 4r¢ requtred
due to rettrement. pro8pectlve Trn8tee• are Invlted from the Memberahlp to apply.
AJI Trustee8 Are provlded w5th the Abbefftld Executlve Gulde ond Memorandum and Artlcl¢A or
A••ociation. should additlonal 8kill8 be requlred extern81 tralnlng would be aought.
Day to day rurmln8 of the Soeietyi offatr8 are eondueted by the H0u￿keeper. who reports to the
Committee. The Thatees meet forniAJly on a quarterly bA818 and at 8dditlonal time8 A8 required
on Infonnal bA8ia to deal wtth 188ue8 requlrhn8 thelr input.
The Commltt¢¢ confirni th&¢ tn41or rl8k8 klentffted have been a88e•8ed 8nd i￿teMS
Implemented ¢0 Enanage those rl8k8.
The Trustees main concem8 are to provide a good quauty envlronment for resident# to Ilve and
ernployees to work, wh118t b#JAncing the flnancial con8troJnts vAthin budg¢t #nd to eornply wlth
Increa8in81¢8i8lation covering gjl aBpect8 of the 8ocietyS operatlons.
The Commlttee airn8 to have reJerve& of an amount equivalent to one yÉ&V8 re8idential ehargea, to
cover contingencies Includin8 the eo8t ofrepairs and irnprovetnent8 to the property.
On behalf of the Exeeutlve Commlttee
Director
Date.....
7/.<11

HT socIKrY LIMITE
STATEMEwf OF E
COMMFfTEE MEMBERS, RESPONSIBILITI
Company law require8 the Executive Conmiittee member8 to prepare accounts for each fllwicxaj
yw which give a true and fair view of the state of affairs of the Society a8 at the end of that year
nd of the Burplus or deficit of the Soeiety for that yeBr. In preparing those accounts the
Executive Committee member$ 8re required to..
Belect Jultable aecounting policie8, and then apply them con8i8tently'
make judgement8 and e8timates that are reasonable and prudent.
State whether applicable accounting ¥tandard8 have been follow¢d.
state whether appllcabie 8tatsments of recommended practice have been
prepqre the accounts on the going eoncern basis unless it is inapproprlate
to pre$ume that the Society ￿ conttnue in business.
The Executive Committee are responsible for keepin8 pn)per aecounting rttords which di8cio$e
with re￿Onable accuracy At 8ny time the fuJan¢ial position of the &)ciety and which enable them
to enwre that the account8 comply wlth the relevwt legislation. They are 8180 responsible for
$8feguarding the assets of the Society and hence for t&king reasonable 8tep8 for the prevention
&nd detectlon of fraud and other irregularities.

TEES
ABBEYF]ELD WEgf WIGHr socIrrY UMITED
I report on the accounts of The Abbeyfield West Wight Sooety Limit￿1 for the year ended
30 September 2024. which ¢ompri8e the Statement of Financial Activtties, the Balance Sheet and
the Tdated notes.
ective Res
onsibiJitieB of Trustees and
Iner
The Charitys Trustees (who are also the directors of the company for the purp08e8 of company
lawl are responsible for the preparation of the aceouttts. The Trustees conslder that the audlt
requirement of Seetlon J44121 of the Ckwities Act 2011 1.the Act'l does not apply. It 18 my
responslblllty to state, on the basls of procedures specified in the General Directions given by the
Charity Commissioners under section 145151(bl of the Act, whether particular matter8 have come
to my attention.
of Ind endent Exarniner's R
My ex8mination wa8 carried out in accordance with the OeneraE Directions givcn by the Chatity
Commissioner8. An ex8min&tion indudcs a rcvicw of thc accounting records kept by the Trustce8
and a comp8rison ofthe accounts presented with those records. It also includes consideration of
any unusual item8 or di$do$ures in the accounts, and seeking explanations from you as Trustees
eoncernlng any 8uch matter8. The procedures undertaken do not provide Ail the evidence that
would be required in ￿ audit, and conscquently no opit)lon 1$ glvett as to whether the oeeounts
present a *rue 8nd fair Vie￿ and the report 18 Iln)Ited to th08e matters set out In the statement
below.
dent Exa2niner'8 Statement
In connection with nLy examination, no materigj matterts have come to my attentlon whieh give8
e cause to believe that in. any Mat￿la] respect:
accowAting record8 We￿ not kept in accordance with section 386 of the Companies Act 2006.
or
the accounts do not accord with 8uch records. or
the accounts do not comply with relevant accounting requirement8 under sertion 396 of the
Companies Act 2006 other than requircment that the a(Eount8 give a true and view
which is not a rnatter considcred as part of independent ex8rnination" or
the accounts have not been prepared in accordance with the Charities SORP IFRS1021.
I have come &ero8s no otber matters Jn ￿)nneCtIOn with the examination to which attentlon
should be drawn in thi8 report IA order to enable a proper understanding of the accounts to be
reached.
I S HendeTh￿n
Chartered Accountant
A H Cross & Co Limited
16 Quay Street
Neviport
Isle of Wlght
P030 SBG

BEYPIELD
ME AND EXPEN
YEAR ENDED
TURNOVER
156.412
127.705
Operatlng co•t8
OPERATtNG DEFicrr
P.5241
117.2201
Intere•t recdvable and similar iticome
DEFICIT ON ORDINARY AcnvmES
11.3141
116.2161
REVENUE RESERVE BRouoFrr FORWARD
REVENUE RESERVE CARRIED FORWARD
The S¢*i¢tyi onty aetlvlty l• the provl•lon of h￿tel aLroM￿tIOn.
No operatlon• been dI8￿ntInUed or wiired durlng the yw. •nd the above Amount• relate
entlrEly to eontlnulng opern¢￿. All a¢tfvitles relat¢ to Unre￿ Income fill￿8.
The Society no reeo8ni8ed gain8 and 1088e• other than tho4e induded iti the 8urplu81 deficit
above. •nd therefore no W>arA￿ •t&tement of total recogni•ed 8ain• lo•*¢• Iw been
presented.
The Cornrnlttee approved the tlngnd•J •tateJDent8 on ...

THE ABBEyF￿LD W
srATEMZ
FOR THE YEAR ENDED 30 S
PTEMBER
INCOMING RESOURCES
Incoming re8ource8 from operatlng activlties In
further8nce of the CharLty8 objects
156.412
127,705
Investment Incorne
Total incoming re8¢)urce$
157 622
RESOURCES EXPENDED
Charitable expenditure in [￿ther￿Mee of the
Charity8 object8
153.122
139.956
Charity
Total re8ources expended
116.2161
Total ￿ndS brought forward
191 345
Total funds caTrled forward

123
CE SHEET
AT 30 SEPTEMBER 2024
2023
TANGIBLE F￿￿D ASS
Housin
tand and Buildin
Housing Association 8cbemes'.
Gro88 C08t
Housing Corporation grant
Abbeyfield Soaety grartt
Depreciation
372.341
1121,1551
iioo.oooi
27
56
372,341
1121,1551
iioo.0001
Net book value
123.230
124,194
41
11yfAL FIXED ASS
12
CURR￿￿ ASSM
Cash at bomk aJ)d hand
Debtor¥ prepwnents
129.811
133.828
131.657
133.828
io
129 $72
Represented by:
li
173.81S
l75.129
The Company is limited by guarantee and has no shareholders. fimd
The Directorn are 8atisfied that the company is entitled to ¢Yemption from the requirement to
obtsin an audit under section 477 of the Comp￿IC¥ Act 21x16 and that members have not
required the company to obtain an audit in aecord8mce with section 476 of the Act.
The Directors Adwowledge their re¥Frf)n¥ibilities for cornptyts￿ with the requirements of the
Compgnics Act 2006 with resFeCt to accounting records kDd thc prepar8tson of aecounts.
The accounts have i*en prepored in accordance the provisi0rt8 in Part 15 of the Companie#
Act 2006 applicable to Comp￿leS 8ubiect to the Small comp￿leS regime.
7]s/.Is-

E ABBR
FIRLD W
WIQHT
30SE
STATUS OP SOCI￿¢
The Society wapj re•registetEd under the Comp&nle8 Aet on 7 November 2019, previously
belng regletered under the Co-operative ond Communlty Benellt Societies Aet 20L4. The
Society 18 a ReO8tered Hou8lng A880clatioD under the Hou81ng A88oclatlon8 Act 1996.
The Scdety l• wholly engaged In hostel activlti¢s aa denned In the Hou8ing Act 1996.
ACCOUNTINO POUCIES
Theue Ilnanclaj Statement? arc prepared under the hlBtorical cost ￿nventiOn, in accordance
wlth appiacable accounting •tandArd8 In the United Kingdom and In ￿£ordance ￿th the
Statement of Recommended Practjce (the SORPI 188ued by the Natiort￿ FederAtlon of
Hou8lng A880cAation8, the Wel8h Federatlon of Hou8lrtg Assoclatlon¥ and the Scottl$h
Federatlon of Housing A¥soci&tionJ, and wlth the Hou8ing Act l 996 and the Accounting
ReqUireM￿t$ for Registered Soelal L4ndlord4 General Detern￿￿tIon 1997 to 2000.
Tumover eomprlBes rentsl and aervlce income rec£lvable.
Hou81n8 land and buildin88 are $tated at cMt. The colt of propertle8 18 thelr purchA8e price
together with inc5dents] co8t8 of acquiaition includAng Interttt pay*ble. Interest pqyable '
capitaii8ed by fypplylng the Soclety'8 coat of bornwing to expendlture durln8 the
con8tructlon of the property up to the date of practieal completlon.
Hou81ng properties in the eour8e of con8trpaetion Are 8t&ted at ets8t and are tranjferred into
hou81ng propertles wh¢n ￿MpICtrd,
Hou8lng l¥md And buildin8a SHG ￿1￿￿ted •eheme8
lil Depreclation. a• defined 5n1111 below, 18 provlded on the colt o(freehold building81
lill Depreciation lo not charged on that portlon of the coat whlch ha8 quBllfled. or whleh
ll quajlfy for SHO;
liiil For that portion of the eoat financtsl by borrtiwings or from the Soclety8 own or other
eharitable resources. a char8e is made to the hostel property revenue account for
depreciation on building8 at 1% per 8nnum on 8uch cost.

EABB
J>
TO THE
CEAL
YEAR ENDED 30
BER 202410)nt1m￿dJ
AccoufrnG POLICIES lumtinuedl
Deprcdation 18 charged on the reducing b￿rtee bui8 at 20% PEr annum on net book value.
except for computern. on whfith depreciadgn il cbarged at 33% per annum on a Jtralsht line
ba¥i•.
A full depreciAtlon ch•4¢ l• nwde oo rued a•xt$ in the Jw that the auet i• broWt Anto
u•e and no charge i• rrtade lrt the year of di•po•al.
Where development8 have been tlnAncd who]ly. or p8rtty. by SocÉal Houalng Grant ISHQI,
the net boolE value of thoae developments has been reduced by the Amount of the grant
receivY4ble which ia •hown 8eparnt¢ly in the b•Jantt aheet. Provl•ion 1$ made for repayment
of SHG where the property IB exF¢¢ted to b¢ 8old in the foreseeable future. SHG in respect
of houjing propertie• in the cY)ur¢e of con•truction rteelved In ￿vInCe of tYpendSture 18
Shown a8 a eutrent Ilabllity.
A88et8 donated to the Sodety 4r¢ not lftdlld￿ In the bajance ¥h¢et: other a8oet8
included at co8t.
Expenses are &Uoeated to man•gement. re￿rI and •ervi¢% ryMt• on the ba•t• of the
proportlon ofthne cr other rele¥•nt f•etor• attrlbutAble to theK acti￿￿tle8.
The So(2ety is uempt from producin8 a ea4h tlow $tstement under FR8 I by vlrtue of It•
qu•Jlfying u a Jmall company.
Monetary donadom to the •odety *re credAted to the Income •nd expEnditure acLX¥UAt on a
recexpt8 ba81¥.
The Society has charitable •tatu8 and l• exmm frDm Corporation Thx on the income It h
reeelved.
The Society 18 not regi8tered for VAT. Aco)rdin8ly no VAT l• char8ed to re81dents. and
expenditure in the income and expenditure I￿Ount include• the relevant VAT.
The Society opernt¢• • deflzjed o7ntributlort pen•ioD Kheme under its automatic enrolment
Obli￿tiomi.

THE ABBEYFI
THE FINANCI
TATE
YEAR ENDKD 30 S
PTEMBER 202
Icontlnuedl
TURNOVER
1iwnover comprixB:
m￿lmum reJldentlal eh8rge8 receivable
LoB8ea by vaeandes
189,180
166,800
156.014
115.574
Other Income
OPERATINO cosrs
Operatln8 Coats Inelude..
Independent exarnlneV8 remuneratlon
Ilncludes bookkeeping and payroll workl
INfEREST RECEIVABLE AND SIMIU4R INCOME
Bank and Jhort-terni deP￿lt Intere•t (8ro881
KMPLOY8ES
Employee eo8t#:
Salarfe8 and w88e#
Employer'8 national In8ur8rtce contrlbution•
Employers peD8ion contsibution8
81,030
74,289
Avera8e I￿ll-tIrne equlvalent number of per8on8
employed during the year..
Hostel staff
io-

FIN
ctAL
FOR
ED
BER
24 Icontinuojl
PAYMEN13 TO MEMBERS, COMMrrrEE MEMBERS. OFFICERS. ETC
Fe¢•. remunerntion or exFYn4e• payable to member8 Ot the
Society who were neither member¥ of the Commlttee of
MAr4ement, nor employtt8 of the ￿ety
Fe¢•. remunerntion or expen8e8 payable to memlxr8 of the
Commlttee of mAn￿eMent of the Society who were neither
offieern nor employee• of the Scaety
Fee•. remuneration or e%pui8e* paid to officer8 of the Society
who were no¢ employee8
Payments or ￿[ts made. or benefltB ￿anted. to the per8on•
referred to An lectlon 13 arld IS 0( the Houiin8 Associations
Act 1996
HOUSINO IAND AT4D BUILDIN¢38
At l October 2023 And 30 September 2024
At l October 2¢f23
ChAr8e for the y
26.992
26.028
At 30 September 2024
Housif40 CORPORATION GiIAFrr
121,155
12J,LS5
At 30 September 2¢Y24

ABBEY
TO THE
THE YKAR ENDE
SEpfEMBE
FURNISHINGS AND EQUIPMEP
At l October 2￿23
Addition8
26,186
26.186
At 30 September 2024
Ats
At l October 2023
Charg¢ for the year
20.771
20,149
At 30 September 2024
At 30 September 2024
10. CREDITORS
Amounts falllng due wlthln one year.
I I. RESERVES
TotAI at l October 2023
Deficit for the year
175.129
84,052
Ttst￿ at 30 September 2024
12-

EL
WEST
TH
NANC
EME
FOR
END
R 202410)ntlnuedi
12. coKfINGEKf UABILMES
There were no contingent Ilabilitle8 at 30 September 202412023 - Nill.
13. CAP￿AL COMMMAENTS
There vrre no capital coznmitments at 30 September 202412023- NIII.
14. HOUSINQ STOCK
Hou8(ng •tock o)mwi8eo:
UnltB In ￿￿98eMent
Unlta under development
io
io
13-

THE ABB
soc
LED
PRopEi¥rY
YEAR E
ED
R202
RESIDEKfL4L CHARGES RECEIVABLE
156.014
115,574
OTHER INCOME
Gue8t room 8nd •widry Inixsme
Donations recelved
Bgnk and buildin8 8oclety intere8t
398
2,131
10,000
TOTAL INCOME
EXPENDITURE- MANAGEMENT EXPENSES
Affiilation fee
xominer'a remutseratlon and payrnll co8t
Prtnting. 8t&tlonery and postage
Advert18ing
Bank charge•
4,426
709
383
54
3,225
1,131
243
128
E>TrENDrruRE- SERVICE cosrs
Staff wages and natlonal in8urAnee
Fo¢)d 8nd household eo8t8
HeAt ond Jlght
InBurance
W&ter and dewerage
Council
Telephone
82,529
19,672
14.543
2,148
1.123
1,961
1,371
75.526
17,856
16.663
2,118
2,460
1.842
1.244
F 11
Wight Care eajl 8y8tem c08t8
Q8rden malntenan¢¢
Travel
CleAning and reeu8e
Depreciallon
Miaeellaneou•
3,775
2,305
360
3,953
1,633
4.757
3.258
532
4,147
1,586
MA￿ENANCE OF PREMISES AND EQUIPMENT
DEFICIT ON ORDINARY AcfDnTIES
14