2023-09-30-accounts

Reglstered number. 00632263 Charity number: 206449 THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED (A company limited by guarantee) TRUSTEES. REPOIU AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

THE ABBEYFIELD CANVEY ISLAND SOCIEfY u1￿0 IA company limited by guardntee) CONTENTS Page Roference and administratlve detsils of the Charity. its T￿￿ and alfvise Trustees. report Independent auditOf5' report on the financial slatem 8-11 Slatement of financial activities 12 Balanc• sheet 13-14 Notes to the financial stateM￿ts 15-26

ThE ABBEYFIELD CANVEY ISLAND SOCIEtY UMrtED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Trustee¥ E P Moryan (restgned 29 Septart￿r 2023) M Morgan D Bambridge G Fielthy￿[ M S Hamps TVBOX C A Pitts (atwinted 24 August 2023) number OCE32263 Charity registered number Registered Off￿9 103 L(ry Road Carwey Island Essex SS8 OJB Indopend•nt audito Hasiers Chartered Accountants Charter&J Accwnlants Old Staiion Road Loughton Essex IG104PL Page 1

THE A8BEYFIELD CANVEY ISLAND SOCIEfY UMITED (A G￿nPary limiied by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees present theirannual report togaherwith the audit&1 financial sta￿￿ of the Charity forthe year 1 October 2022 to 30 Septernber 2023. The Annual rewrt serves Ihe purposes of both a Tnjstees. report and a directors, report under company law. The Trustees confim) that the Annual report arKJ financial statements of the charitable Company c￿lpty wtih the cu￿Ent statutory requirements. the requirements of the charitable Company's goveming document arKI the provrstons of the Slath￿t of Recommended Pracbce ISORPI applicable to charities preparing their accourrts in accordance with the Fin8T￿l81 Reporbng Standard applicable in the UK and Republic of I￿land (FRS102) {effective 1 January 20191. &"nce the Charity qualifies as small undw seckn 382 of the Cryanies Ad 2006. the St¥ategic report required of medium and large cornpan￿ under the c(￿re$ Act 2(￿ (strateg￿ Report arKI Directots, Report) Regulations 2013 has been omitted. Ob5ectives and actlvitie5 a. Policies and objectives The principal activity of the charity is manag￿￿ a home for eldety people at 103 Long Road, Canvey Island in accordance with the atms artd princryiles ol the Abbeyfield ScKty knmited. These activities fall wholly within the hostel housing activities defined in the H(#￿Ing Acl and 5th 17{5) ofthe Chatrties Act The Abbeyfjeld Canvey Island s￿ Linited is an Ir￿￿knt S(￿1 under the umbrella of The Abbeyfiekl Sctiety. The trustees have paid due regard to guidan￿ issued by ￿ Clwrity C(ffnmiss¥)n i) deciding what actmlies the charity should undertake. In setting objectives and ptanning for activities. the Trustees have given due consideration to general guidance published by the Charity CommissK)n relating to publ￿ benefiL i￿luding the guidance 'Public benefit: running a charity {P821'. Achievgments and wformance Main achievements of the Charlty The results for the year are set Qui in the inccxne arKI expenditure account and the posit40n at the end of the year is sh¢xin in the bal￿e sheet. The comnitr￿ cbnsiderthat the st*e ￿affai￿ dthe is s8tisfactory. b. Revivw of actlvitles Although the home fulty occupted throughout yearthere ¥ras a Signif￿nt inprovement in occupancy wrth total voids ft>r 2023 at 11.OOA compared to 31.4% in 2022. This level Is significan￿Y better than r￿ent years and demand for our rooms continues at a high level. Thss is partty due to other simiLgr homes in the area closing and the excellent reputat￿￿ of Abbeyfield Canvey. which is dri¥En by the quality of our tean. good social lrfe for our resKtents and our ccffimrtment to erwring are redec￿￿ed fty rwi tenants to the hp3hest qualrty. Page 2

THE ABBEYFIELD CANVEY ISLAND SOCIEfY UMITED {A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Flnanclal Tevlew a. Going concern After making approprTrate wuirEs, thg Trustees have a reascfflabl8 expeclabon that the Charity has adequate resources to continue in operational existence for the foreseeabk future. For this reason, they continue to adopt the going concem basis in preparing the flnanc￿l ststements. Further details reg8fdin9 the adoptton of the going COn￿M basis can be fDund in the accounting pdicies. Reserves policy It is the poltcy of the charity that Unrestri￿ funds wlith have not been designabj a speufic use shoLtld be maintained at a level &]ulva￿nt to one yearfs expenditure. The trustees consider that reserves at this beve5 will ensLsre that. in the event of a signifThnl drcy fti funding. they wll be able to continue the charl￿S CLrrrent activitses while consideratK)n is given to ways in whth aJdrtThal funds may te raised. This level of Teserves has been maintained throughout the year. The society needs instanl access to its reserves to meet ry4ng ￿abIlls. Cash b818nces are held in a bank current account and also a deposit account prowding the hhJhest possible rdum based on the funds invested. Some funds are also invested in a bond which gives a higher rate of Inte￿L c. Financial There has been an ￿￿rease in renlal YK¢)nE for the year of £48,860 to £180,745 (2022.. £131.885). This is the result of the reduction in ￿Id$ and an increase in renl for each roc￿ of £1￿ per morrth to cover inliat¢onary cosl pressure. The Trustees are mindful of ￿ need to minnnise the levet of and maintain a full house whenever possible. Thi$ bs to provide the best qualty of social lrfe for the resrdents as much as it 15 for financial reasons. A wailing list is maintsined. and potential resbJents aTrJ their families are erwuraged to vtsit the house a5 5wn as they express an interest in Ip4ing here. Empty rooms are first n￿lfied to pecyle the waiting lisl, atthough on occasions care needs and eireumstances can ehange so they may no kjnger be interested. In which case vacancies are advertised kxalty rf required. It is fvJp¥er that to a certain extent rc4)m vacancies are inevitable and (Atside the chartties controL The increase in rental incC￿￿ alKJr￿d wilh gcxl cost ccth, during a ￿ of hlgh irfflatwjn, ha5 resulted in small SUTplus of £3,489 for 2023 conyared to a defic* of £30.690 in 2022. Page 3

ThE ABBEYFIELD CANVEY ISLAND SOCIETY UMrrED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 d. Valuo For Money kletrks Metric 1- Reinvestsnert % Works to existing propertthousing ai cost LY w4uati 2022 Propety wnprovements in yEar Total property and improvements al c( 442.000.(NJ 442.000.00 Metric 2 . New suppty % New units devebped in yearlexisting units at preThI 2023 No. of rooms devew in year No of rooms at yw end 11.(Kl 11.(10 it 1$ not in the charitrfs plan or capabiltyto increase the number of unrb offered. The house 15 of a fixed svze and expansion is not prdctica or in the besl interests of the resKlents. It is instead the charity's objective to continue to offer ex￿lIent acCommoda￿n and servKe at the oJrrent NrAume. Metric 3- Gearing % (Short and long leThn loans- ￿h) + frnI￿ teaseslprom at (xtst 2(r23 2022 Loans and leases Total property and lmpFovem￿ts at cost 442,(KJO.LKI 442,000.00 The charity maintaNis reserNts in fine wilh tts pubfishejj rL¥fry and has a history of saving fgr fvture investmenwimprovements or uiili%ing aC￿mUla￿￿ reserves for such Purposes. Therefore r( has not been Metrtc 4- Eamnws before Inlerest. tsx. Depreciation. repairs NKluded {EBITDA MRI) Interest cover Operating surplusldeffi¢it + IntereSt+de￿intereSt ptyable This is Im[￿sS￿le to cul as the charity ha5 no ryiterest payknk as nrt in debt Aletric 5. Hea￿￿e S￿14 housiry c(>st per unit 2023 2022 Direcl costs per accounts Support costs per accounts Expenditure on charrtable adivities per aks 161.1(￿.00 18,173.00 179.279.lJO 146.302.55 16,733.24 163,035.79 Less deprec￿tiOn included abobE Capitalised repai￿ in year Total costs (10.502.95) (12,965.00) 168.776.05 150.070.79 Page 4

THE ABBEYFIELD CANVEY ISLAND SOCIETY UIAITED IA company limited by guar4nteg) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Number of units 11 11 Cost per unit 15.343.28 13,842.80 Metric 6- Operating margin % Operating surplus or deficrfnumobEr 2023 21J22 Rental incom￿harlI8ble ¢(￿ts Renlal income 31150.93 131.884.88 -24% 180.745.03 Melric 7- Relum on capital ￿np￿ (ROCEI % Operating Su￿jUS or deficitnotal assets less ￿Trent rthAilie5 21Y23 2022 Rental inCom￿harlIable costs Totsl assets less current IHbilities 1% 31150.93 169.217.50 -16% 172.707.1 Strncture. govern￿¢9 and management . constit￿lon The Abbeyfield Canvey Island Soci LwniEed is registered as a charilable company linite(f by guarantee govemed by rts Memorandum and Art￿leS of Assoc[￿. The Charity was incorporated by guarantee on 9th July 1959. It is a registered charrty with the Charity CommBsw)n. The company is also a registered Housing CO￿)raIton as a Registered &￿la4 Landlord as defined by schedule 1 to the Housing Act 19￿. The society is engaged in housing ￿1Vit￿ as defir￿d in ttpAc The trustees. who are also the di￿10￿ forthe puw of c4Jmpany LThT. and wh) served duriro the yearwere.. E P Morgan {resigned 29 SePtWthr￿2• M Morgan D Bambridge G Fieldwick M S Hampson TVBOX C A Pitts {appotnted 24 ￿U¥l 2023) b. Methods of appolntment or election of Trustees None of the trustees has any benefioal interest in the company. All ofthe trustees are members ofthe company and guarantee to contrbute £1 tn the event of a wiThling up. Page 5

THE ABBEYFIELD CANVEY ISLAND SCKIETY UMITED IA company limitad by guarant8e) TRUSTEES. REpoiYf (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Structure. governance and managemert Iconttnued) Pollcles adopted for the Inducllon and training of Tn￿t￿S New tTUStees undergo an ir)ductil￿ session. The existing committee brief them on their responsibilities and the philosophy of the ¢haiity. tnths are gi￿ wi intrcJuctory pacJ( containing co￿e3 of key polici￿ and procedures. The board of trustees. whth ￿ h••e ￿ to SO munbers. kntinislers ts d18rity. The committee meets regularly to discuss matteT5. The offKer5 of the charityforthe yw ended 3(Mh Sqxanber 2tr23 as folk7dth' Chair. Mr M S HampsL Treasurer. Ms PA Morgan Facilities manager. Ms D BartirxJe d. Financial risk managefflent The Trustees have assessed the major risks to w￿h the Charity is ex￿sed. wi particular those related to the operations and finances of the Charity. and 8re $8ltsfied that systems and procedures are in place to mitigate exposure to the major risks. The trustees have a risk man4￿nent sttaiegy whth ¢l￿pr￿eS. An annual revi￿ ofthe risks that the chaTty may face". The estsblishment of systems and pr￿edureS to mitigate those r*s identif￿1 in the ￿an. The irnplemenlat￿ of proedures desiTrJ to minimise any P￿ti￿ #npact on the chafity should those risks materialise. Page 6

THE ABBEYFIELD CANVEY ISLAND SOCIETY UMrrED (A clxnpany limited by guarantw TRUSTEES. REPORT (COtUlNUED) FOR THE YEAR ENI)ED 30 SEPTEMBER 20rJ The Truslees {who are atso the directo￿ of the Charity for the Purposes of company law) are responsibte for preparing the Trustees. report and the ffinancial stslements in accordance with applicable 18rf and United Kingdom Accounting Standards (United lQryJom Generalty Accepted Aectsunting Practice). Company requires the Trustees to prepare stst￿n￿ ts eath ffinan￿1 JEar. Under wmpany I￿, the Trustees must approve the fin8rKial statements unless they a￿ satiS￿d tI￿t they give a twe and fair view of the state of affairs of the Chartty and of incoming resources and application of resources. including ils income and expenditure. for that peiicld. In pre￿Ing these firrancial statements. the Trustees are required to.. sekd suitable accountsng policies aTrJ then appty them consistent￿. bserve the metheds and principles ofthe Chanties SORP (FRS 102)., make judgments and a￿Unting estimales that are reasona)le and prudent state whether applicable UK Accounting Stsndards (FRS 11r2) have foN￿l￿￿. subject to any malerfal departures disdosed and eWain&l in the financial st8tements.' prepare the financial statements on the going concem basis unless li 15 inappropriate to presume that the Charity will continue in bUs1r￿ The Tn￿teeS are rwonsiNe for keeping ajequate accountwig records that are sufficient to show and explain the Chartys transactions aThJ disclose wrth [eaSc￿ab1e accurdcy at any time the ffi￿an￿al positi.on of the Charity and enable them to ensure that the finarwl statements compty with the Companies Act 20[￿. They are also responsible for safegLFaFding the assets of the Charity hence for taking rea$￿ab]e steps for the prevention and deteclion of fraud and other Èrrngul*itie& Dlsc105ure of Informati￿ to audknrs Each ofthe persons who are Tr￿￿teeS at the time when this Trustees, ￿ort is approved has confirmed that.. so far as that TTUStee 15 ￿are, there is no relvAni aLKlil infonTOt¥)n of which the charivs auditOTS are unaware. and that Trustee has taken au the steps that ought to have been tthen as a Trustee in order to be aware of Auditors The auditQTS. Haslers Chartered Accounta￿. ha¥E indKaed their ￿￿ryIngness to continue in office. The desrgnaled Trustees will proposfra mo11￿ reappohiting Ihe auditors 8t a nwting ofthe Trustees. Approved by order ofthe member5 ofthe l)oard of Trustees on 10 May 2024 WKI signed on their behall by.. M S Hampson (Chair of Trustees) M Morgan (Trustse) Page 7

THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED (A company limited ty guarantee) INDEPENDENT AuD￿oR5. REPORT TO THE MEMBERS OF THE ABBEYFIELD CANVEY ISLAND SOCIETY UMtfED Opinion We have audited the financial statements of The Abbe￿ Canvey Island Sc¢iety Limled (the'charityl for the year ended 30 septernb￿ 2023 cC￿Prise the Statement of financial ath"¥it￿s. the Balan￿ sheet, the SlateTnent of cash ftry4¥S and the related ncrtes. i￿luding a summary of svJn¢ficant accounbng policies. The financral reporting fran￿v￿rk that has been appid Fn their preparatK)n is applicab￿ and United Kingdom Accounting Standards. including Financial RepoTknng Standard 102 The Financial Reporting Standard applicabte in the UK and Republ￿ d Ireland. (United KiThJ(kn Generalty Accepted Acc(wntsng Practrel. In our opinK)n the financkql statements: a true and fair vi&¥ of the slale of the ctrdrilable compaWs affairs as at 30 Seplember 2023 and of its incoming resources and ￿l￿10n of resourcs. indudrrKJ ts in(xime and expenditure for the year then ended: have been pTop prepared in ax1ydan￿ wilh Untw lfjngdom Generalty Accept& Acwunting practi￿.. and have been prepared in &￿[dan￿￿7th the reqUIren￿ of ts Cunpanies Act 20(￿. Basis for opinion We conducted our audit ￿ accordance with Intemat#)nal Standards on Audibng IUKI (ISAS IUIQI and applicable law. Our responsil)ilibes underthose slandards are further descnbed in the Audilcrfs. responsibilttigs for the audit of the financial statements section of our reFQFt We are independent of the chaTitable company in accordance Wtth the ethical reqUIre￿￿￿ts that are relevant to our audit of the financial ststemerts in the Unrted Kingdom, includin9 the Financial Repoiknng ￿n¢11,$ Eth¥21 Standa￿. and we Iwe fvlfiued our other ethical responsibilitres in accordance with these requirements. We that the axfit ev1j￿ we have obtained is sufticienl and appropnate to pmvxle 8 basis for crttrcpN)io Conclusions relating to going concern In auditing the financial statenrt ¥B the conduded that Trustees. use of the 9Jng concem basi5 of accounting in the preparation ofthe ffinancial statern￿ is 8PPfDrKi. Based on the work Ve have perf0m￿, ￿ 1&4ve nat jentI￿ any Mat&￿[ ur￿rtaintles ￿lating to events or conditions that, individualty or coHectivdy. may casl signifjcant doubt on the charitable ￿mPan￿$ ability to continue as a going concem for a of at least Iwdve months from Wh￿ the financk31 statements are authorised for issue. Our ￿e¥￿n$￿IlitIeS and the resp(Thibilit*s of the Tntstees resp￿1 to concem are described in the relewant sections of thts reporL Page 8

THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED IA company Ilmlted by guarantee INDEPENDEKfAUDITORS' REPORT TO THE MEIJIBERS OF THE ABBEYFIELD CANVEY ISLAND SOCIETY UMtTED (coKnNUED) Other inft•rmation The other information comprise5 the irrfDrrrHtion induded in Annual wort other tllan the financtal statements and our Auditots, report thereon. The Trustees are reSF￿nSIble for the other information contained wlhin the Annual report. Our opinion on the f￿￿)e1￿ statements does not cover the txher infomption and, except to the exfrnt othenvise expliciuy stated in our re￿N￿. we do not expre55 any form of8ssuTrnce condusion thereon. Our responsibility is to read the other inforThotion and. in doing so. consider whether the other infomation is materially inconsistent with the statements or our kThWe cotained in the course of the audit, or othefwlse appears to be mateiialfy mi5Stated. If Klenbfy such material inconsistencies or apparent material misstatements. we are required to dete￿ine whether thi5 gives iise to a ffl8teTial mss51atemenl in the financial statements themselves. If. based on the woth VR have perf￿rned. we conclude that there is a material misstalement ofthis other inf0M￿tion. are required tr) rep(Kt tha fa We have nothing to re￿1 in this rega￿. Opinion on other mattus prewibed by the Companies Act 2006 In our opinion, based on the woth UrKlerta￿ in the &￿Tse ofthe wjditr. the infonnation given In Ihe Trustees. RerAIrt fLY the financial Ythich the financBI statements are prepared is consistent with the financtal staternents. Matters on which we are required to report by excepti￿) In the light of tyjr kncwledge and urvjersknling of the ¢harrt ccryany and erNironment obtained in the We have rKJthing to report in re¥ed Lf foll¢fi￿"rWj rnatte￿ in felthn to which Cwpanies Act 2006 requires us to report to you rf, in our ¢yinK)n: adequate accounting fecords have n(rt been retums adequ tr our audit have not been received from branches not visited by us" or the financial statements e not in agreemertwith the accounling records WKI retum4 or certain disclosures of Trustees, ￿MuneratiOn specified by law are n(rt made; or we have not recerved all the information explanations we requffe for our audit or the Trustees were noi entitled to prepare the fina￿la1 statements in accordance with the small companies regime and take advantsge of Ihe small compantes. ex￿n5 in pwring the Trustees, Report and from the requirement to prepare a Strategc Report. Responsibilities of trustees As explained n)re fuly in the Trn$t￿5. reSp￿tsibili￿eS statem￿. the Tnjstees (Twho are also the direLiors of the ¢harbtable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they gi￿ a true aTrJ fair ¥iew, and for such intemal control as the Trustees detennine is necessary to enabte the prwknn of finwKial slatemwts that are free from material misstatement. whether due to fraud or error. In preparing Ihe financial statements. the Trustees are responsible kn assessing the charitable company's ability to continue as a goirwJ concem. di￿￿￿"r￿a. as appficable. matt￿5 related to going concern and using the going Page 9

THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED IA compary limited by guarante8) INDEPENDEKt AUDrroRS' REPORT TO THE MEMBERS OF THE ABBEYFIELD CANVEY ISLAND SOCIEfY UMftED (CONTINUED) concem basis of ar￿￿￿nting uths Trustees oiher inleThJ to SwhJate the Charl￿[e company or to cease operations. or have no realith altemal￿ but to ¢) so. Auditors. responsibilitie5 for the audit of the financial statements Our ofyectives 8Te to obtain reasonable assurance aiM)ut whelhw the financial statements as a whole are free from material misststement. whether due to fra￿j or error. and to issue an Auditots, report that includes our opinion. Reasonable assurance is a hNJh of assurance. but not a guarantee that an audit conducted in accordance wilh ISAS IUKI wll deteci a matertal misstatement when it exists. Misstalemenls can arise from fraud or error and are considered material rf. 1ndivtdt￿I￿Y or in the aggwte. they could reasonably be Irregularibes. including fraud, are instan￿$ of nor￿Compli￿￿ with l•vs and regulations. We design procedures in line swth our responsibiliknes. o￿tin￿ above. to detect material misstalements in ￿$p￿t of irregularities. including fraud. The exterrt to whKh our procedures are capable of detsctirNJ irregularities. including fraud is detailed We obtained an understanding of the legal arKI regulatory that afe icabFe to the entity and delennined that the most $ignifKant are those that. . had a direct effect on the dete￿nination of material amounts and disclosures in the financial sLments. These included the UK Companies Acl. CharitEs Act. CharilEs SORP {FRS102); and . do not have a direct effert on the fina￿181 ststements trAI r)Yylierth wtih whKh may be ful￿￿nental to the haritys ability to operate or to avcid a mat&ial p￿. We obtained an understanding of the company a￿ complwng with those legal and regLklatory frameworks by inquiring with management Thv&e inquiries were corrcthrated by 8 review of documentation issued by the Trustees and used to assess the exlent of C￿lanCe with the rele￿t laws arKI regulations. We discuss&J among the aKlit er￿￿ent t&qm rgJarrthng the L7)po￿JnrtIes and incentives. including management override ofcontrots, that may exist T*thhin the QryanL&i￿n fDrfraud and and where fraud mrghl occur in the financial statements. As a resuft of perfo￿ning the above. VE Identified the greatest Fthrthl ts fra￿j in the folknV￿￿g areas, and our The princÉpal risks Fdated to inapprrpiiate journ4 ent￿ impxt manwent bias in ￿oUnting estimates and that of income rwnit#)n.. . Walkthrough testing was canied oul to and assess the desijn effectiv￿ of controls management have in place to prevent and detect fraud. . Substantive teslrng arbj anatytics were cwrigj to that income was ￿cO￿led in the correct pwtod. conlroLs or other inappropriate inffluen￿ 04erthe financial rep￿"n9 pIC￿S. . Assessing the appr(pr￿ter￿ of &xounting eslimts ￿ chaI￿nging any swJnifKant assumptions or judgements made by managemenL Page 10

THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED (CONTINUED)

• Incorporating testing of manual journal entries that were posted throughout the year. In particular we focused on material journal entries, journal entries posted with unusual account combinations, journal entries crediting income or cash, and journal entries with specific defined descriptions. These were scrutinised for evidence of unusual entries.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Haslers

Chartered Accountants Statutory Auditors

Old Station Road

Loughton Essex

IG10 4PL

10 May 2024

Haslers are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED IA company limited by guarantee) STATEMENT OF FINANCLAL AcllvmES (INCORPORATING INCOME AND EXPENtThJRE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Toial fvnds 2023 Total funds 2022 funds 2023 Income fr(Mn- Donations and legacies Charitable ¥tMties Investments Other income 1J21 180.745 1.321 180.745 131.885 461 142 142 Total Income 182,768 182,768 132,346 Expenditure on: charitab￿ activilies 179279 179.279 163.036 Total expenditure 179.279 179379 163,036 Net movement in funds {30,690) Reconciliation ol fvnds: Total funds brought foThYdrd Nel movement in funds 169218 169.218 199,908 (30,690) Total funds caftied fonvard 172.707 172.707 169.218 The Stat&nent ol Financial A(vits all gains and losses reccwJnised in the ￿r. The notes on pages 15 to 26 forni part ofthese finanoal statem￿. Page 12

THE ABBEYFIELD CANVEY ISLAND SOCIEfY UIAITED {A company limited by guarantee) REGISTERED NUMBER: I)0632263 BALANCE SHEET AS AT 30 SEPTEMBER 2023 2023 2022 Flxed assets Tangible assets Investsnents 11 12 59N75 69,978 59N76 69,979 Qebt¢xs C8sh al bank arKI in hand 13 7,941 124.983 4.847 111,542 131924 116.389 Creditors: amounts falling duewtthin one 14 (19.692) (17, 149} Net current assets 113232 99,240 Total assets less current liabilities 171708 169.219 Creditots." amounts falling due after mLYe than one year 15 {1) Net assets excludlng penslon asset 171707 169,218 Total net assets 172,707 169.218 Charity funds UnTestri¢ted fvnds 16 171707 169.218 Total fund5 171707 169.218 The members have not required the entty to an aud￿ fcK the year in quest#)n in &cordance with section 476 ofthe Companies Act 20[￿. Hchyever, an audit ts iequired in XcCrfrlan￿ ith S&￿￿)n 14S ofthe Chariltes Act 2011. The Trustees arno their responsiililies kn c(xnplwng with the requiwRnts of the Act with respect lo counting records 8fKI pwratim offmancial sLements. The ffnancial stements have been in a￿￿rd￿ wrfh the pruli￿OnS ￿plICable to entitie5 subject lo the small eompanw regirne. Poge 13

THE ABBEYFIELD CANVEY ISLAND SOCIEfY UIAITED IA company limited by guaraTrtee) REGISTERED NUMBER: 00632263 BALANCE SHEET (COPrnNUED) AS AT 30 SEPTEMBER 2023 The financial statements were a￿lOv&s arKI issue by the Trustees C￿ 10 May 2024 and signed on their behaw by. S Hampson {Choir of Trustee9) •Aorgan ITrustee) The notes on pages 15 to 26 fonyb Pat ofthese finartial Slatem￿ts. Page 14

THE ABBEYFIELD CANVEY ISLAND SOCIEtY UPthTED IA company limited by guarn￿￿) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 General inforniation The Abbeyfield Canvey Isfand Soc Limted is a prlvate incorporated charity. limited by guaranlee. registered in Engl￿d and Wes. a company registration number of 00632263. The registered address is 103 Roal. Canvey IslKI. Es8eK SS8 WB. Accounting policies 2.1 Basis of preparatlon of financial slatements The financial statements have pwred in acLrdance with the Chariti25 SORP {FRS 102} - AcCoUntw￿ and Replxtry by c￿￿Tiles.. Statement of ReCOm￿nded Practice applicable to ¢harities preparing their accounts in cOrdan￿ with the Financial Reporltng Standard applicable in the UK and Republic of IrelarKI {FRS 1021 {effective 1 JanLWy 20191. the Financral Rewrting Standard applicable in the UK and RepublK of Iretand (FRS 102> WKI the Companies Act 2006. The Abbeyfield Canvey Island Srnety Limited meels the definiti(￿ of a public benefft entity urKler FRS 102. Assets and liabilitw are inrt4qHy recognised at hi5tortsl Cost or transaction value unless otherwise stated in the re￿ftt actounling pjlry. 2.2 Incoffle l income is recognised 0[￿ the Chaidy has tr) the inc¢￿. it is probable that the income will be re¢￿￿Ed and anv)unt of Ir￿ome Tec￿VatIe can be M￿uled reliabty. Income tax recoverydble n relalion to In%Esl￿￿nt is r￿nISed ai the time the investment income is receivabfe. 22 ExpendI￿re Expendrture IS Tec(MJnised once Itwe is a193al or Constructi￿ obligth to transfer eciJnomi¢ benefit to a third party. it is probable that a transfer of economK beneffts will be required in settlement and the amount of the obligation can be measured reliab￿. Expenditure is classified by 8Ctwity. The costs of each activity are made up of the total of dwect costs and shared costs. including support costs inNvlved Fn undertaking e&h acbvity. Direct Costs attributable to a single activty are allocated directly to thal aciivity. Stwed costs which ￿ntrIbUte to more than one ￿bvity and support costs which are not attn"butable to a single athity are apportioned bet%￿n those activrties on a basis consistent wf(h the use of res(NJrees. Central staff costs we aifocated on the basis of time spen( and deprecialfvjn charges alktated on the wrbon ofthe assefs use. Expen(titure on charilable ￿liVi11e3 15 rKurred on dir• UrhJertak¥￿ the actsvitw vthich further Ihe All expenditure i8 indusr¥E of VAT. Interest on funds t￿1 ￿ de￿$it is i￿l￿ded Wh￿ r￿e1able and the amount can be measured relTrabty by the Chariiy. this is normalty Upc￿ nOt￿￿tKIn of the interest paid or payable by the institution with Ydhryn the fvnts are deF¥?￿d. Page15

THE ABBEYRELD CANVEY ISLAND SOCIEfY UMITED (A company l#nited by guarantee} NOTES TO THE FINANCIAL STATEMEPnS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng policies (contlDue(l} 2.5 Tangible fixed assets and deprnciation Tangible fixed assets o)stiry £1,LKKI (ff more are capitaltsed and recognised when future economic benefits are p￿bth arml the Ix)st orvdue ofthe asset can be Measu￿ ￿1[ably. Tangible fixed assets are initk4ty recognised at rJ)st. After r￿nit￿n, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation a￿1 any accumuLgted impairment losses. All costs incurred to bring a tangib￿ r￿ed asset into its Èntended working condrtion should be included tn the MeasUrer￿ of cosL DepreciatKm is charpl so ag to the cost of tswble assets less their residual value over their estimated useful Ir4v. . Deprecialton is provNSgJ on the folhmry basis: 25% Straight Li 15% Reducing Balan 25% Redwng Batance 15% Reducing Batance Fixtures and fitt￿￿S Office eqUIp￿Ent Other fixed assets 2.6 Investments Fixed asset InvestN￿ are a form of fmanc4al instrument and are inilialty recognised at their transaction cosl and subsequently measured at fair value at the Balance sheet date. unless the value cannot be measurgj reliabty in whKh case it ss measured at cost less impairmenL Investment gains and losses. whether realised or unrealised. are combined and presented as 'GainsllLossesl on investments, in the Statement of ￿anCIal aJNrties. 17 Debtors Trade and cther debtors are recogniwl at the settlement am¢)unt after any tr di￿O￿nt offeied. Prepwents are Yalued at th8 affKJurt prepaKI n81 ofany trade discounts due. 18 Cash at bank and in hand Cash at bank and in hand irtludes cash and short-tam highly I￿Uld invesknents with a short maturity of three rnonths cf less frcrfn the (late clacquisitw or opening of the dep￿lt or similar account. 19 Liabilities and provisions Liabiltties are Tecry3nised there is an obligat¥)n a the Bala￿e sheet date as a result of a past event. it is probable that a transfer of econc¥n￿ benefit ￿11 be required in sduement. and the amount ofthe setttement can be esfimated relthty. Liabilities are recogn￿￿1 at the amount that the Charity anticrpates it WHI pay to settle the debt or the amount it has receiwJ as •J¥arKed paymeftts trthe g￿￿5 or Se￿i¢8S it must provid9. Provi51c￿5 are measured at the best estirn* ofthe wnwnis required to settle the obligat"ton. Where the effect ol the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre48x discount rate that refiects the risks specific to the Itabilty. The unwinding of the discount is recognised In the Statement of financtal aclivitie5 as a finance cost. Page 16

THE ABBEIRELD CAN￿ ISLAND SOCIETY UMITED (A coM￿nY limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 AGGountlng polldes {continued 2.10 Financial inslruments The Charity onty has fin￿claI assets and financial ￿&￿ItieS of a kind that quakfy as basic financial inst¥uments. Basic finar￿la1 instnmRnts are initsalty rwnised at transaclion value and subsequently measured at their settlement vatve wilh the exception of bank k)ans which are subsequently M￿asUred al amortised cost USKYJ the effective interest rnethc￿. 2.11 Fund ac￿unting Gene￿1 funds are unrestritt￿ furKls whhth are aval&)le for use at the discretion of the Tnjstees in furtheran￿ of the general obie¢tsves of the Charty and vthich have not been deswn8ted for other Designated funds comprise unresthcted funds that have been set aside by the Trustees for particular Pu￿oSes. The aim and use of each designated fuThl is set out in the notes to thfy financial statements. Invest￿ ir￿(Kne. gains and Icssses are alth8ted to the appropriate fund. Income from donations and legacigs UDre*ricted funds 2023 Total funds 2023 Total funds 2022 1.321 1.321 Total 2022 Total funds 2023 fund5 2023 R￿tal IrKome Lo55es through Volts 203.2(K) 122.4551 203.200 122,4551 Totsl 2023 180.745 180,745 Page 17

THE ABBEYFIELD CANVEY ISLAND SOCIEtY UMITED (A ¢(￿panY limited by guarantee) NOTES TO THE FINANCIAL STATEME1￿s FOR THE YEAR ENDED 30 SEPTEMBER 2023 Income from charitable athitie5 Icontinued Tolal funds 2022 funds 2022 Rental Income Losses through Vokds 192,2Ckl (60.315) 192.200 {60.315) Tota12022 731.885 137.885 Investment inwne Unrestrfcted funds 2023 Totsl funds 2023 Interest R￿Nable 560 Unrestricted fu 2022 Total lunds 2022 Interest ReceNable 461 461 Other incoming re￿)urCeS Unrestricted funds 2023 Total funds 2023 Total funds 2022 Bank cOMk￿bsatiOft 142 142 Page 18

THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED (A ￿￿panY limited ty guardntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Anatysis of expenditure ty activiti undertaken directy 2023 Support Costs 2023 Total funds 2023 Charitable Activiltes 161.1C 18.173 179.279 und8rtaken directy Support Total funds 2ff22 2022 CharIta￿e AL#ivittes 14&812 17.224 163.036 Page 19

THE ABBFfflELD CANVEY ISLAND SOCIEtY UMTfED IA company Ilmited by guardntee) NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 30 SEiYfEMBER 2023 Analysis of expendItU￿ by actl¥ltles Icontlnued) Analysi5 of direct costs Total nds 2023 Total funds 2022 Staff costs Dep￿latiOn F¢)Jd and househdd sundries Telephone chwges Ho¥Jse ¢￿aning and ￿￿inten￿ Heating and Irghling Repairs and maintenan Insurydn Rates and ￿￿ter Care line fees Advertising Other wsts Legal and professi￿1 81.386 10.503 22,536 2.168 3.997 77,034 t2.965 12.174 2,657 4. 164 8.251 11,955 4.058 5,365 15,138 4.625 6,806 - ij 1,505 2,295 876 3,632 386 513 161.106 145.812 Anatysis of SUp￿rt Costs Totsl fvnds 2023 Total funds 2022 Staff costs Staff training Printing. pctstage aThl sL81￿)nery Legal and professional Sundry expenses Bank charges Audit fee5 10,071 192 8,397 979 1,749 1,375 170 2.018 381 4.740 1&173 17,224 Page 20

THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED IA company limited by guarnntoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Audilors. remuneratlon 2023 2022 Fees payable to the Charitys auditorforthe audit ofthe Charitys annual 4.740 staff costs 2023 Wages and 5alaiies 91A57 431 91.457 85,431 The average number of pe￿an$ empw bythe Charity durirKJ the yparwas as tllry•VS: 2023 No. 2022 No. House Staff Office Staff No emplojee recet¥td anounting to rtxe than £60.0(N) in either yBar. 10. Trustees. remuneratlon and expens During the year, rto Trustees recep￿1 any remunwion orcther benefils (2022. £NIU. Durtng the year ended 30 Septemter2023, no Tnth expense5 ha%* been incurred (2022. £NIU. Page 21

THE ABBEYFIELD CANVEY ISLAND SOCIETY LlhlTED IA company limited guarankn) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 20fJ 11. Tangible fixed assets Freehold Fixtures and Office Other fixed property fftlings 8quipm8nt assets Total Cost or valuation At 1 October 2022 395.493 232A29 3TI 46.507 674.706 At 30 September 21y23 395.493 231329 3TI 46.507 674.706 Depreclatlon At 1 October 2022 Charge forthe year 181970 370 25A95 10,503 At 30 September 2(r23 190,374 377 28.987 615,231 Net book value At 30 September2 41,955 17.$20 59.476 At 30 S8Ptember2022 49.359 20,612 69,978 Unlistod investments Cost or valu*ion At 1 October 2022 At 30 September 2023 Net book value At 30 September 2023 At 1 October 21J22 and 30 sept￿nbu 2023 the Charity held a £1 uweS1n￿ in At4)efftld Deben Extra Care s(￿ Limited whKh relates to one share. Page 22

THE ABBEYFIELD CANVEY ISLAND SOCIEfY UIATED company limited by guaAnte8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 13. Debtors 2023 2022 Due wAthln one year other debt(vs Prepayments and acuued income 7.641 4,847 7,941 4,847 14. Creditors: Amounts falllng due ithin one year 2023 2022 Trade creditors Other creditors Accruals and deferred uicome 1722 10.187 6.783 3.930 6,041 7.178 19,692 17.149 15. Creditors: Amounts falling after more than one year 2023 2022 Other kwis The creditor relates to an ¢xrtstaNJing balance ￿ the ge with Sanlander Bank PIC and is held to faciliLite retertt￿. Page 23

THE ABBEYFIELD CANVEY ISLAND SOCIEfY UMITED (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 16. Ststement of fvnds Statsment of funds- cuyrpnt y￿r Balance at 30 Transfer5 September inlout 2023 Bajance at I October 2022 Incon￿ Expenditure Unrestricted fvnds Designated fvnds Des1gna￿ Funds- Sctbal Fund 81)0 Generdl funds General Funds- all lurKIs 169218 181768 (179,279) (800 171.907 Totsl Unrestrfcted funds 169218 181768 (179.279) 172,707 S¢xial Fund (Designated>- This relates to fvrKls set a5Kle to fund scK¥al events and ￿ting$ held for the residents. ststement of fvndg- prioryear Balance al 30 Septembe 2022 1 October IrtL¥ne Experndilure Unreslrlcted funds Gene￿ Funds- all funds 199.908 132346 (163.036) 169,218 Page 24

THE ABBEYFIELD CANVEY ISLAND SOCIErY uMtfED IA ￿rnPany limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 17. Summary of funds Summary of funds-uffrent year Balance at 30 Transfers September iDlout 2023 Ba￿￿¢• * i October 2022 Income Exwidilu Designated fund5 ernl funts 81JO 171,9D7 169.218 182.76 1179279) l8r￿) 169218 182.768 11792791 172.707 Summary of fvnds- prioryear B818nce 8t 30 September 2022 I cktobeK 2021 General funds 199,908 132.346 (163.036) 169,218 Page 25

THE ABBEYFIELD CANVEY ISLAND SOCIETY UMITED (A ¢ompany limlted ty guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPYEIABER 2023 18. Anatysis of net assets between funts Analysis of net assets bet￿n fund5- cuffent year Unrestricted fi•nds 2023 Total funds 2023 Tangible fixed assets Fixed a￿et investments Current assets Creditors due within Or￿ year Creditors due in rn0￿ than one 59.475 59N75 132.924 {19.692) (1) 132.924 (19.692) (1) Total 172.707 172,707 Analysis of ngt assets bol￿￿n fvnd5. prior year funds 2022 funds 2022 Tangible fixed assels 69,978 69,978 Current assets 116.389 (17, 149) (1) 116.389 (17, 149) (i) Cred[lo￿ due within one year credit¢￿ due ￿ more than one sear Totsl 169,218 169.218 19. Related party transactlons Dury the year, no related party tranwa*Jn$ ￿r[ed(2022. £Nll). Page 26