Charity Regl8tr•llon No. 21W49 Company Reglstration No. 00632263 IEngland and W•le81 THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 MAYNARD HEADY LLP CHARTERED ACCOUNTANTS
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION TN$tees CAPitts M Morgan D 8ambridge G Fieldwick M S Hampson TVBOX Country of in¢orpor•tk United lQngdom (England and Wales) 00632263 Charlty Ygglstrallon England and Wales 208449 Ro9lstsred office 103 Long Road Canvey Island Essex SS8 OJB Audltor Maynard Heady LLP Matrix HoLEse 12-16 Lionel Road Canvey Island Essex SS8 9DE
THE AB8EYFIELD CANVEY ISLAND SOCIETY LIMITED CONTENTS Pagp Tr(sstses' report IndeFendent auditorfs report statement of financial acliwlies 10 Balance sheet Notes to tho finartl81 staternents
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present their annual report and financial stalements for the yaar eThJed 30 Septber 202S. The financial statements have been prepared in accoanCe with the a¢xounting )Ill)eS sel out in note 1 lo the rinaneial statements and comply with the charity's goveming document, the Companies Act 2006, FRS 102 'The Financjal Reporting Standard applicable in the UK and Republic of Iland, and the Charities SORP "Accounling and Reporting by Charitie8= Ststement of Recommended Practicti applicable lo chariles preparing their accotsnts in ac£Ordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Obje¢tlvos and activlties Poli¢les and objgctlves The principal adivity ol the Charity is managing a hom? for elderfy people at 103 Long Road, Canvoy Island in accordance with Ihè aims and principles of The Abbeyfpld Sodety Limitgd. These actovities fall wholty within Ihe hostel housing activf(ies dgfined in th8 Housing Act 19% and sadion17(5) of Ihe Chaiiti8s Act. The Abbefftl¢J. Canvèy Island Sooety Limited is an indeperHlgnt society operating under the umbrella of Th8 Abbgyfield So¢iety. The trustees have paid due r8gard lo guklance issued by tho Charity CofflmissvJn in deciding what 80trvitles the ch8rity shoukl undertake. in settiftg objeG*bv&s 2nd planning lor athitsès. th¢ Twst&es have gNen cgnsideration to gener guidanr published by the Chaiity Commission relating to public benefil. Iuding the guidwcè 'wbltc benefrt.. running a Gharity IPB21'. Achlevemonts and perfornlonce Main a¢hlev8ments ofthe charlty The results of the year are set out in the income and expefidrtu aLYounl and the ptssitson at the end of the year is shown in the balance sheat. The commttlee consider that the stale of affairs ofthe society is satisfactory. Revlew of actlvlllgs 0panCY levels reduced slighuy in the year. wf(h total voids lor 25 al 5.4% compared to 4.7% in 2024. This level is signifficanwy better than rernt years and demand for our rooms ¢onb"nues at a high1evel. This is partly due to other sifflilar houses in the area dosing and Ihe excellent reputation of Abbeield Canvey, which is drwen by the quality of our team. gwd social life for our resklents an¢J our cnmmltrneni to erbsurlng rooms are red8corate¢ for new t¢nants lo the highesl quality.
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Flnan¢ial rview Flnanclal There h85 begn an in¢Te8s8 in rental income fw the year of £10.645 to £212.479 12024". £201.8341. This is the resuFt of an increase in rent for each room of £100 per month to cover inflatiClary Cost pressure. The Trustees are mindfiil of the need to minimise the level of voids and maintain a full IKuse whenever possible. This is to prowde the best qLNlity of swal life for the Tesidents as much as il is for finan¢i41 re8sons. Awaiting list is maintained, and potential Tesidents and their famtlies ar¢ encouraged to wsrt the house as som Os they expre55 an nterest in living here. Empty rooms are fitst nolrfied to people on the wai.ng list. atthough on certain occasions care needs and arcutarS In change so they may no longeT ba interested, in which case va¢an¢ies are advertised locally if r8quired. It is however knOwle(1ged that lo B certain exlenl Toom vacanciès are ineilabl? and outside the ¢haIrt control. During the year, the charity invested £33,000 in the installation of a new fire alarrn system wlhin its KKemis8s. This fomied part of the tNstees' on90ing rmmItMent to maintaining and improking he81th and safety standards within the ch8rrty's faUleS. The increase in rental income aligned 7Mih good ¢ost control, during a year of eonlinued inllall¢)n, has resuhed in a sm811 surplus of £16,435 for 2025 compa to a surplus of £13,610 in 2024. Our ongoing CmmitMent lo maintaining a high-qualty of envTrronmenl and 3ervKes foi our residents induded investing= £13,3CQ on rgsurfa¢ing parts of the car park and a new fire escape rarnp. £8.4CX) on fire doors. Value for money The Sodety is affiliated lo The Abbeyfield Livlng sClety and operates within th& guidelines and prinuples. The value foi money sialement Con viewed at w1.abbe eld.com. The Soryety sbives lo deliver value for money throwJhout 811 of its acbvibes. The Value for Money Metrics are." 2025 2024 Metr1¢ I: Relnvestsnenl lÈtric 2: New supply (Social Hous•ng Un6ts1 During the year the Society did not develop nor aUle any socMI hSIng unils <l&asehold or other) PAetrfc 3: Gearlng letts 4: Earnlngs Bèfore Interes( Tax. DepTrciatlon, Amortlsation. Major Repalys Includ0d IEBITDA PARI lTrtsr•$t Cover Dtsrtng the year the Society did not capitalise nor pay any interest ¢y olhgr financing costs. Motrlc 5: Headllne Soclal Hou81ng C(t (per Unll Illetrl¢ 6: Operating Maryln loverdll) Metrlc 7: Retslrn on Capltal Employed 0% 0% NIA NIA £16.730 £15,343 7% 6%
THEABBEYFIELD CANVEY ISLAND SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Going nCern In the yeai lo the 30th September 2026. signfficant eXndtbjre in the region of £21.700 will be required to rf the car park and improve tha qualty of the Fire Doors. How&vgr, wtth cash al bank balance of £127.828 Ihère are adequate reserves to cover this. Taking the abov8 into account and after making appropfiate enquiiies, the Trustees have a r8sponsible expectation that the charity has adequate resources to continue in operalional existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in pParIng the finanGial statements. Further detsils regarding the adoption of the going concern basis can be ft)und in the acoourting polic4es. Rosgrngs policy It is Ihe ry)licie5 of th& charlty that unrestricted funds whlGh h8ve not been designate¢J for 8 specific use should be maintsined 8t a level equivalent lo one year's expendilurg. The Irust$es nSIder that reserves al this level will ensure Ihat, in the event of a signrficanl drop in funding, they will bo able to continue the charity's currènt aBtivilie5 while consider8tion is given to ways in which additional funds may be iaised. This level of reseNes has been mainlained throughout the year, ahhou9h given the Gommenls in If Going Goncem section above this is unlikely to bu the case in the year 30 September 2026. The soCty tW8ds instant artsss to its reserves lo meet ongoing Ilabilities. Cash balances are held in a bank current account ar)d also a savings account providing the highest possible return based on the funds invested. Some lunds are olso invested in 8 bond whlch gives a higher rate of interest Strncturn, govwnanGg and mangement consti1¥¢n The Abbèyfietd Canvey Island Sooety Limited is registered as a charitable company limited by guarantee governed by ils Memiwandum and Artid8s ofASsoatiOn. The ¢harty w8s incorporated by guarantee on 9th July 1959. 11 is registered tharity with the charify commission. The company is also a registe Housing Corporation 8S Registered Soci81 Landlord as defined by schedule 1 to the Housing Act 1.the SOcty is wholy eThJaged in using activities as defined in this Act. The lrnstees, who are also the éire¢tors for the purpose of company law. and who sewvod during the year and up lo the date of slgnature the financ181 statemen15 werè: C A Pilt5 M Morgan D Bambridge G Fieldwlck M S Harnpson TVBOX
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Re¢ilment 8nd apptment oltfuslees All new trustees arè appoinled by exisbng committee members aftw CDnsuR8tion and deliberation. None of the trustees have any benefick91 inleresl in tho company. AJI of the Iruslees are m8mbers of the c))mpany and guaranleg to contrib9 £1 in event of a winding up. New trustees undergi) an induction session. The existing c£Jmmitttre brief them on their responsibiliti¢s and the philosophy of the chair. New trustees are glven an introductory Pack containing pIeS of key policles and procedures. Tha board of trustee$. which can have up lo 50 members. administer the d)arty. The committee meets regulaTly to disDJ$ matte. The officers ofthe ¢hartty for th8 year ended 30th Sept9mber 2025 wew as follows.. Chair. Mr M S Hampson Treasurer.. MrCAPitts F&ililie8 manager.. Ms D Bambridge Secretary: Ms M Morgan Health and Safety thisor. Mf T Box othermattèrs F6nanclal risk management The Trustees that hav8 assigned the malor risks lo which the tharity is exposed. in particutar those Telaled to the operations and finances of the Charity. 8nd are satisfied thal Systems and procedures ore in place to mtyate exposur¢ to the major risks. The Iruslees have a risk management $tr8tegy which compromiw". An annual review of the risks th thè thaity rnay face: The estsblishment of sys18ms and PcedureS to mitigate those risks identified in ptan.. The implementation of prO&UTeS designed lo minimise any potential irnpact on the ¢hwity shoufd those risk materialiso. ststtment of trust•os' rnspongibllltio The trustees. who are also the directors of The Abbeyfield Canvey Island sIety Limited for Ihe purpos& of company law, are responsible for prepatsng tho Twstees. Report and the financial statements in awdance wilh applicab19 law and United Kingdom AccJunling Standards (United lQngdom Generally Aept8d Accxwnlwig PractiC81. Company law requires the trustees to prepare financial stalefflents for e8¢h fin8ncial year whi¢h give 8 tiue anfj fair view of the slate of affoirs of the charity and of the incoming resources and application of rewrces, including the Incorne and expenditure. ofthe charitable company for that year. In preparing these fin8ndal statements. the truste8s are rued lo: - ecl suitsble accounting policAes and then apply them consislenUy.- - obsgrve the methods and principles in the Charities SORP- - make jbjdgemenls and estim8tes that ale reasonable and prudenL and . prep8re the financial statements on the going b8sis unless It k8 Inappropriate to presume that the ¢hlty will continue in operation.
THEABBEYFIELD CANVEY ISLAND SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The ttusle8s are responsible for keeping Bdequalg accounting records that disdose vjith reasonable 8ccuTacy al any lime the financial posthon of the challty and enable them lo ensure that the finanrAal statements (omply wrth the Companies Act 20ffi. They are also responsible for safeguarding the assets of the charity and hert8 for taking reasonab steps for the prevention and dglection of fraud and other ligUlarItIes. Audltor ID aldance with the cornpany's 8rtides, a resolution proposing that Maynard HeY LLP be reappoinled as auditor of thg cornpany will be pul al a General Meeting. The trustèe rt was appwved by the Board of Trustees. CA CAPittS Tntsts& M S Hampson Trn$te• 2 April 2026
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED Opinion We have audited the finanGial statemarts of The Abbgrfield Canvey Island Swety Limited lthè'thadly,) for the year ended 30 September 2025 which comprise the ststem&nt of financial 8¢t¢vitses. the balance sh8el and notes to the financial statements. induding signficant aco)unting polirAe$. Thè financial reporting framework th81 has been applied in their preparation is applicable law and United Kingdom A¢tIng Standards, induding FinanGal Reporting Standard 102 Finan1 Reporting St8ndaKI applioabl& in fhe UK and R8pubhG of lTrland (United Kingdom Generally Accepted AoUnting Pctice). In our opinlon. the financi81 $t¥lemenl$-. give a true and fair view of the state of the charitable company's affairs 8$ al 30 September 2025 and of irKoming resourGes 8nd 8pplThlion of resouTC&S. for the yoar thon en¢Jed- have been PTopedy prepared in accordance with United lQngdom Generally AGcept8d Accounting Practlce: and have been prep8ied kn acurdance with the reqLsirements of the Compani&sAct 2C#]6. Ba¥l# lor oplnion We conducted our audit in ac£ord8nce wilh Intemational Slandards on Auditing IUKI {ISAs (UK)) and applble law_ Our SponsIbl1FeS under those standards are lurther deStbed in the Auditorfs responsibilit19s lor th8 oudil or lh8 fin8ncio18tst8menls seclion ol ¢r report. We are indepen(Jent of th8 tharity in accordanc£ with the èlhi¢81 requirements that afo leVant to our authl of the finan(y81 sts'iomènts in the UK. Induding the FRC'S Ethical Standard. and we have fulfilled our other ett)ical rgsponsibiliti8s in ac¢¢Ydan vAth thw requirements. We believe that the audit evidence w8 have obtained is sufficAent and appropria19 to provide a basis for our opinlon. Con¢lusion$ relatlng lo going ¢oncern In auditing the financial statements, we have concluded that the tru8lees' use of the going con¢efn basis of acc¥)unting in the preparation of the financAal statements is appfopriale. Based on the work we have p8rfomied, we have not identified any matefial uncertainties relating to events or ctsftditions that. 1ndldalfy or ts)Ilectively. may cast significant doubt on th8 charitys abilty lo conlinue as a going concem for a pèriod of at least twelve months from when the finanri81 slaternenls are authorised for Issue. Our re8pon8ibilities and the responsibilllies of the trlthes with re5PeCt to going concem are deSbed in the relovanl sections of this reFrfJrt. othor Inforniatjon The other inf(mation ¢omprises the inf0mli0n included in the annual report other th8n the finanial statements and our auditols report thereon. The trustees are responsible for the other inforrnalion contained within the annual Teport. Our opinion on the financial statements does not cover the othef infofmation and we do not expross any form of assurance conclusion tre0ft. Our responsibility is to read the other infomiation and, in doing so. u)nsider whether the olher information is materially inconsislent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be malèrialty misstated. If we identfy such materi31 inconsislenoes or apparent m8lerial misstatements, we are requiretl to detemine whelher this gives rise to a materlal misstaiement in the financial sialomenls themsefves. If, based on the work we have parformed. we condvde that there is a material misstatement of thi$ othèr infrjmiation. we are quired to report Ihat fa¢t. We have noth9 to report in this regard. Mattels on whl¢h we are Thiuirnd to report by 9X¢ePtion We have nOthIr lo report in respect of the following matters in relalion lo whith the CharWes (Ac£ounts and Reports) Regulalions 2008 requires us lo report to you if. in our OniOn- the infwmallw giv8n in the fin8na81 statements is inconsistent in any materi81 respect with th8 trustees, r8POrt.' or sthficioni accounting records have not been kept.. or the ffinanclal 3tstaments are r1 in agreement vmth the acuunllng re¢ords', or we have not rKeived all the inform8tion and explanations we requlre for our audit.
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED Responslbllltie8 of truste As explained more fully in the statement of trustees. responsibilities. the Iruslees. who are also the directors of the charity for the purpose of company law, aio responsible for the preparation of the financial statements and for being satisfied th81 they give 8 true and fdir view. and for such internal control as Ihe trustees d8le¥mine is necessary to enable the preparation of financial slalements that are free from material rnisslalemgnt. whether due to fraud or error. In preparing the financial ststernenls, the trustees are rgsponsible for assessing the charity's abilty lo ¢onlinue as a goiThJ concem, disclosing. as applicable, matters related lo going concem arld using the going ¢oncern t)asis of aw)unling unless the trusleps ether intend to liquidate the charilabk Company or lo cease opeRtions. or have rn realistic allernalive but to do so. Audltofs r•spon$lbllib•s for the audlt ofthg flnanclal $tments We have been appointed as auditor under section 144 of the Ch8rilies Act 2011 8nd rpFth In accordance with th$ Act and relevant regulatitins made or having effect thereunder. Our obiectNg6 a to obtain raasorwble a$srarKe aut wh•thÈr th8 financial stslaments as a Who are froe from material misslalement. whether due to fraud or error. and to issue an auditor's report th81 includes our opinion. Rgasonable assurance is a high level of assuran bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS detect 8 material misslalement when it exists. Misslements can arise from fraud or error and are nsIdered mateiial rf. ir11dVIY or in the aggregate. they coutd reasonably be expeded lo influence the economic decisions of users taken on basis of these finanrA¥I statsments The extent to whth our procedures are capable of deteciing irregularities. uicluding fraud, Is delaikd below. Enquiry of Committee of monagemenL those charged Mth go¥ernance around actual and potential lrtiqotion and daims. - Rgviewing minthes of rneotings of those charged with govemance. - Assessing the extent of Complian with the laws and regulations considered to have a direct material effect on the rmancial statement or the operations ofthe charity through enquiry and inspÈth'on. Re¥Aewing fancal ststement disdosures and tesllng lo supporting documentation to assess ccfflpllance wllh aFvlicable law5 and regulations. Perfomiir¥J audit work over the risk of management bias and override of rnntrols. induding testing of iourn#l entn"8s and other adjuslmonts for approprialeness. evaluating the business ratsonaie of SignifinI Iransadions OLrtsrd¢ the normal Coue of business and reviewing aGcx)unting estimes for indicators of wtenlial bias. Because of the inherent limitatKns of an audil. there is a risk Ih8t we will not delect all irregularities, including those ading lo a matèrial mis5talemenl in Ihg financial statements or non-¢omplIan with regulalKJn. This ris increases the more thal (y)mpliance wilh a law or regulation is Temoved from the events and transactions reflected in the financial stalemenls. as we will be less likely to become aware of instances of nofvc0Mian¢e. The sk is also urealèr regarding irrÈgularthes or£urring due to fraud rather than error. as fraud involves intentitinal conwlment. forgery, collusion, omission or mi$reprgsentstion A furthei descrspti'on of our respon5ibilbties is wailable on the Finan¢ial Reporting Council's websrte atr. https'.11 vwM.frc.org.ukJauditorsresponsibiliMes. This description fonTrs part of our auditovs ieport. Us• ol our rèport This report is m8de solely to the tharity's trustees. as a bocly. in accorfane£ with Part 4 01 the Charities {AOUnts and Reports) Regul8ti)ns 2008. Our audit work has been und9rt8ken so that we might stste to the charity's trustee8 those matters we are required to state to them in an auditor's repori and for no olh8r purpose. To thg fullesl extent pgmitted by law. we do not aept or assumg responsibility to anyon8 other than the charity and the charty's trustèes as a body, for our audit work. forthis Teport. or for the opinions we havo fomed.
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED Mr Davld Smlth FCA Isenlor SttArtoryAudltorl For and on behalf of Maynard Haady LLP. StatutoryAuditor CharteredAccountsnts Matrix House 12-16 Lionel Road Canvey Island Essex SS8 9DE 2 April 2026 MaynaTd Heady LLP is eligl)le for appoirrtment as audttor of the charlty by Virtu8 of its eligibillty for apwntmenl as auditor of a wmpany under se("on 1212 of the Companies A¢t 20[6.
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrnstrictsd Unrestrlcted fund$ fvnds 2025 2024 Note8 Income frun: Donations arKI legaues Charitable aklIeS Investments 831 212,479 2.042 201,834 1,817 Totsl Income 215,152 203,651 Expendlturg on: Charitsblo actIlIeS 198,716 190.041 Totsl expenditurg 198,716 190,041 Net gainslllosses) on investments 11 {1) Mot in¢om• 16.435 13,610 Other r8cognlsed ylns and losses: Revaluatwjn oftsngible fixed assets 1.5(),000 Net movement in fund& 1.516,435 13,610 Rocon¢iliatlon of funds: Fund balances al 1 Ociober 2024 186,317 172,707 Fund b•lances at 30 Sepl•mber 2025 1.702.752 186,317 The statement offinandal artiwties indud•s all 98ins and losses regnised in the year. All incom6 and expendllure derive from cntinUing activities.
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED BALANCE SHEET AS Af 30 SEPTEMBER 2025 2025 2024 Notss Fixed assets Tangible assets Investrnenls 61,507 13 14 1.582.691 1.582,691 61,508 CurrEnt assets Debtors Cash at bank and in hand 1$ 17.112 127.827 14,502 128,543 138,939 143,045 Credltors: amounts falllng due withln one year 18 118,23SI {18.878) 120.CE1 124.810 Net currnnl ass•ts Totsl •8s•ts le8¥ cunEnt liabilllles 1,702,752 186.318 clitOrS. amounts falling due •fter moro thaTr ono yr 17 186,317 Not as8•ts 1.702.752 The funds ofthe charlty Unrestricted funds 186,317 18 1,702.752 1.702,752 186,317 The company is enlrtkd to the exemption from the audit reouiiement contained in seCtn 477 of th8 Companies Ad 2006, for the year ended 30 September 2025. The Trusteès acknowledge ffjsponslbilities for comptylng wlh the requirements of Ihp Companies Act 2006 with respect lo accounting records and the prep8ralion offinan¢ial statements. The Members have not requlred the ccrfnpany lo obtsln an audit of its financial stalemenls und$r the requirem&nts o*the Companies Act 2(K6, for the year in qLtestion in accor<lance with section 476. However. an audil Is requbred in accordan with sedKJn 145 of the Charilies Act 2011. These financial ststemenls have been preparad in a0coldan wllh the provisions appIlble to mpanIeS subject lo Ihe small cx)mpanies regime. The financial stst wwe appToved by the trustges (M) 2 Aptil 2026 CAPI Truste• M S H8mpson Thi$te• 10-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcie• Charity Fnft+rntion The Abbeyfield C8nvey Island Society Limited is 8 private company limited by guayantee in0)orated in England 8nd Wales. The règisl8red office Is 103 Long Road, Canvey l$land. Ess8x, SS8 OJB. 1.1 8481$ of pr•paratlon The finan¢lal statements have boen prepared in aCcordae with the d)aTity's governing dowmenl, the Companies Act 20C6. FRS 102 'The Finanual Reptriting Stand8rd applicable in the UK and Republi¢ of Ireland. and the Charities SORP "Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable lo ¢haritie$ Pfeparing their aoUnt$ in ardance with the Financial Reporting Standard applicable in th& UK and Rapublic of Ireland IFRS 102)" The ¢aTty is a Public Benefft Entity as defined ty FRS 102. The finanry81 ststemenls are prepBrwJ in 310rting, whth is the functional tsjrrenoy of the charity, Morary amounts in these financial 8t8tem¢nts are roundod to the £. The finanoal statements have been prepared under the historical cost convention. Imodffied to include the revaluatiorTr of freehokl properti85 and lo indude investment properttes and certain financial instruments at fair ¥alyel. prinrypal accL)iinliro 1¢5 asJopied are set b8 1,2 Going concorn Al the time of 8pprovlng the finanaal statemènts. the Iruslee5 have a reas¢)nable expectation Ih8t the charity has adequate resourcs to lInUe in operational existence for the foreseeable fvlure. Thus Ihe trustees conts.nue lo adoptthe going ¢oncem basbs of accounting in preparing the ffinancial statements. 1.3 Charityble lund8 Unrestrided funds are avaiiabk for use at fv dbryetion of the trusts¢S in furtherance of thelr charllable objectives. Restricted fvnds ore subject to specific conditiLX)s by donors or grantors as to how they may be used. The purposes and uses of the restrkted funds are set out in the notes to the financral stslernants. Endowment funds aTe subjecl to spedfic dillonS by dtsns that the capital must be maintsined by the charity. 1A In¢ome Inm& is recognlsed when Ihe Charity is legalty entllled to It after any perfomiarKo condibons have been mel, the amounts t>n be measured reliably. and il is probablg that irKome wll be received. Cash donations are iecognised on rnceipt. Othar donations are rgnised on¢e the tharity h8s been rKJtified of the donation, unless perf0mlan conditions requi deferyal of the amount. Incomè ts¥ recDvgrablè in Teialion to donBtions received L¢nder G Aid Of deeds of covenant Is re¢o9nised at the lime of the donation. LegBaes ar8 rewgnised on receipt or otherwise if the charity has bgen notified of an impending distribution, the amount is known, ar¥J 18LlPt is exp8cied. If the amount 1$ not known, Ihe legacy is treated as a o)ntingenl a5t.
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aecounting poll¢le8 Iconlinuedl 1.5 Exp•ndlture Expendrture is recognised onrE there is a legal or nStrlIVe obligatlon to transfer e¢x)nornic benefft to third party. it is probable th8t a transfer of economic benefits will be required in sgttlem8nt. and the amount of the obligation can be me8sure(I reliabty. Expenditure is classified by 8¢tivty- costs of each acliwty are made up of the lolal of L1irecl $ts and shared costs. induding support costs invclved in undertaking each athtty- Direct C£bSts attributable lo a single activity are allocated directty to th8t athty. Sh8red costs which eontribyte to more than one activty and support CsIS which are not attribuiable to a single atvty are apportioned betv4een thosè activtties on 8 basis )nsislent with the use of resources. Central staff c051s are allocated on the basis of tirne spent, and deprea81ion charges are allocated on the POTtson of th& asseys use. 1.6 Tangible fixod a•sets Tangible fixed assets are initially measured at cost and subsequenly measured at Cost or valuation. nel of depw8ts.on and any ImpalmnI losses. Depieuation is recognised so as to wille off the cost or ValUatn of 8ssels less thelr residual values over their b'seful lives te following bases. Freehold land and buildings Freehold improvemènts Fixtures and fittings Office equipment 2% straight line 15% reducing bakn 15% reducing balance 25% reducing balance Freehold land is rK)t depr¢ci8ted. Th8 gain OT108s arisiro on the disposal of an asset detemiined as the difference beh¥een the $al• proceeds and the carrying value of the asset. 8nd is regnISed in Ihe stslement of finandal acb"vities. 1.7 Flx•d asset Invegtronth Fixed asset investments are inibally measured al tranS810n price exduding Iransadion Sts, and a subsequentty measurfftl at fair value al each reporting dale. Changes in fair value are recognised in nel incomellexp8rKliture) for the year. Transathon sts are expensed as inrred. 1.8 Impalrmnt olllxed assets At each reporting end dal¢. the chanty reviews tho carrying amounts of its tangible a55els to detennine whether there is any indication ihat thosg assets have suffered an impairmtrnt loss. If any suth indication exists. the recoverable amount of the asset is estimated in order to deteIfie Ihe extenl of the impaimient loss (rf any). 1.9 Cash and cash equivalents Cash and sh equivalents Inctude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturitie$ of thfee fflonths or less, and b8nk overdrafts. 8ank overdrafts are sh(pwn withln borrowings in current IBbilits. 12-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Ac¢ountlng polklos IContinu•dl 1.10 Fln•n¢lal imtruments The charity has elected 10 8pply the prowsions of Section 11 'Baslc Financial Instruments. and Sedicfi 12 'Other Finanual Instruments Issu8s' of FRS 102 10 811 of its financial inslrum8nt$. Financial instruments are r•eognised in thg chantys balanc8 sheet when tho ¢h81ity baeomes party to Iho contractual prowsions of thg instTumenl. Financial assets and liabilib'es are offseL with the n81 amounts presented in the financial statements, when there is a legally enforceable right lo set off the recognised amotjnts and there is an intentlon to seltle on a net basis oito realise the assel and seltle Ihe li¥bilty simullarteousty. Bas1¢ ancIal assets 88sic financial 8s$ets, whith indudo d8btors and cash 8nd bank balances, are initAIty measured at transaction price induding transaction u)sts and are sub$equèntly carried at arnoTlised )5 using the effedive InteSt method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discoulrted * a mathet rate of intere81. Financlal a8$ets dassif as receNatle witlin one year are not amortised. 8a$ic fin•n¢lalll8blllJ•s Basic finanaal liabililies. including creditors and bank108ns initially re¢ognise<l at transadlon price u0$8 the 3rr8ngement constiiules a financing transaction. where th8 debt instrument 18 measured at the present V81ue of the fulura paymen15 dFscountsd at a mathet rate of tereSt. Finaftc liabilrties classffied as payable within one yeBT 8r8 not amorttsed. Debt insinJm8nts are subsequenuy carried at ¥mortised cost. using the effective interest iale method. Trade creditors are obligations to pay frjr gixth or serS that have been acquired In thè ordinary wirse of op¢talions from suppliers. Am¢)unts payable are dassified as CLbrrenl liabilities rf payment Tr¥ due wilhin on& year or less. If not. tl)ey are presented as non•current liabililies. Trade creditors are recognised initsally at t[$¥Cl10n pric and sub$8quenYy measure(J at amortis8d cost uslng the effectlve interest method. D•re¢0gn1th offlnan¢W fobilitses Financial liabilllie5 are derecognised when the ¢arity's eot)tractual obligations explre or are disthargéd or canlled. 1.11 Employ99 bongfits The cy)sl of any unLd IlidaY enlitlement Is rewised in the period whlch the employ•e's seNces are r8r2ived. Termination ben8fits are reojgnised immedia14y as an expense when the charity is demonstrably IMItted to lermiftate the empbyfflenl of an empknyee or to promde temiinalion ben8fft8. Crltical K¢ountin9 Mttmtss and judgem•nts In the appIltiOn of the Charis acLounling PDlicies, the trustees gre required to make judgements, eth'mates and assurnptions about the carying amount of assets and liabilitiès th81 are not readily apparenl from other sources. The estim*es and assooated assumptions 8re ba$ed on histori1 experiencg and other fact(Ks th81 are COndered to be relevant. ArtU81 iesulls may differ from these eslimalos. The estimates and urnletying assumptions are rèviewed on an ongoing basis. Remsrons to 8ccounling estimates afe eniSed in tho period in which the estimate is revised where the revision affects only that pedod. OT in Ihe period of the revision and future periods where the rewsion affects both current 8nd fubjre periods. 13-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from donatiom and kgacie8 Unrestrlcted Unregtrfctsd funds fvnds 2025 2024 Donations and gifts 631 Income from Gharftable a¢tlvitios Unrnstrl¢tsd Unrnstiictsd fund fund8 202S 2024 Charltable Incom• Rentsl Inme 212.479 201,834 InGome from Investments Unrestrlctod Unrestri¢tsd funds funds 2025 2024 Interest receivable 2,042 1.817 14-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ExpgDdlturo ¢Jn charilabh a¢tivitle• Charllabl• èxpon$8s 2025 Charftable gxpqn8e8 2024 Dlrgct Costs Staff costs Depreciation 8nd impa1ent Food and housèhojd sundries Telephone charges 96.239 14,682 20,088 89.251 11.125 21.104 1.537 t li House Gleaning and maintanance Heating and lights.ng Repairs and mairitenancg Insur8nee Rates and water Care line fees Olher costs Legal and professronal Reuurtment axpenses Loss on disposal of fixe(l asset 4,520 11.110 12,871 3.503 8,986 2,759 4,168 1.407 4,499 10,257 12,822 4,819 6,252 815 3,479 1.511 670 2,144 184,031 170285 Shorg of$tspport and govemance costs {see notr 7) Support 14,685 19,756 198,716 190,041 Analy81$ by fund Unre81ried fijnds 198.716 1.041 Support ¢osts a110t to actlvltles 2025 2024 Staff costs Printing, postage and stslion8ry Legal 8nd professi¢Jn81 Sundry expenses Bank durges Audit fees 4,292 2,395 1,750 1.028 60 5,160 11.019 1.158 1,750 789 14,685 19.756 Analy$8d between: Charitable expenses 14,685 19.756 15-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Auditorfs remumration Fees payable lo th8 chaiity's auditor and assoa8les'. 2025 2024 For audltseThic Audit of the finarKil stslemgnls of the Gharity 5,160 4,980 Trustees None of the truslees I1Ve any rwnuneratiwi or benefits frorn the tharty during the year. 10 Employ088 The average moftthly numter of employges during thg y9ar was.. 2025 Number 2024 Numbgr tiouse staff Office staff Total Employmen¢ Costs 2025 2024 Wages and $alari¢s 100.531 1C(),270 There were no employees whose annual ramuneratn was more than £60.1)JO. 11 Gains and lojw on Invtmnts ilnrnstricted Unrestricted funds funds 202S 2024 Gainslllossesl arising on= Sale of investments (1) 12 Taxalion The charity is exempt from taxatY)n on its actNlties because all its income is appli8d for tharitable purposes. 16-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 Tan9lble fld a¥80ts Frwhohj I Fm•hoYd FlxturnB and and bulldlngs knpTQMo1l fittlnq5 •qulpmont Co8t or v•luadon Al 1 October 2024 Additions Revaluation 395.493 49,891 224.004 35.886 1.370 670,7S8 35,866 1.104.507 1,104,507 At 30 September 2025 1.500.ot)D 49.891 259,870 1.370 1,811,131 Dopr•¢latlon and impalmiént Al 1 October 2024 Depciall0n charge¢J in the year Revaluation 395.493 32,123 181.010 11,830 625 609,2S1 14.682 1395,493) {395.493) AI 30 Septemb8r 2025 34.789 192,840 811 228,440 Carrying amounl At 30 September 2025 1,5CII.O 15.102 67,030 559 1.582.691 At 30 Septernbd 2024 17.768 42,994 745 61,507 The chai1$ freefttild property is 3tstod at Valuation in a¢x0rd3re wlh FRS 1 Q2 and th8 Chafthes SORP (FRS 1021. The prop8rty was revalued dumg the year bythe trustees lo refle¢t ils current fair value. The valuation was based on open maikel value lor exi$*'ng use. as d8tennined by the Iruslees at the baEance sheet date. The propgrty comprises land a¢xl building, with the land valued al £1.C4]O.000 and the building at £SCK),CW]O. The valUation resulted in a surplus which has boen récognised in other comprèhenslve irmmg and accumulated in the revaluatKJn resglve. Land is not dèpw8te(J. Depreciation is charged on the building element of th8 property Dver Ils estimated usefvl economic lrfe, which is reviwled annually. The ctri8rity has adopted a policy of peTiodic revaluatton and the trustees rewew the carrying value of th8 pri)perty regularfy to er15ure that it Is not m81erially drffeient from its fair value 81 the reporting date. AI 30 September 2025, the valued assèts been c4rrled at historic c)Jst le53 accumulated depreciation and awumulated impairment los. their carrying amount have been 8pproxirnately £-12024- £.1. The fevaluallon surplus is disdosed in t)ote 18 of the accounts. 17-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2025 14 Fixed •¥¥et invÈslm8nts Instent Cost or valuation Al 1 Octobei 2024 Oispos8ls {1) At 30 September 2025 Carrying amount At 30 Sgplember 2025 AI 30 September 2024 The charity held ong £1 share in Abbeyloeld Deben Extra Care Soryety Limited. During Iho ye&1, thi5 sharehol was Gaticeith1 and aOrdInglY inv&strInI has beèn (Trf&pd oi. No (x)nSiderat)n was received on disposal, and a loss of £1 h88 beer) ro9n159d in Ihg Statemenl of Financial Activities. Given the immatetlal value ofthis investment. no furth8r dlsdosures are considered necessary. 15 O•bto 21125 2024 Amounts tslllng du¢ within one year. 488 Tr8de debtors Other debtors Prepayments and acwed incxime 5,216 5,896 14.014 11.112 14,502 16 Credltorn: amounts lalllng duo Tmthin on• year 2025 2024 Other taxalK)n and socAal 8eoJrty Trade creditors Other creditors A¢cruals and def8Ned inCMe 1,039 9,360 8,479 1,884 8,722 7,269 18,878 18,235 17 Cr8ditors: amounts l•lllng dug after more than on• year 2025 2024 Notes Other loans 18-
THE ABBEYFIELD CANVEY ISLAND SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 17 Cr•dltorn: •mounts fallthg aft•r mor• Ihan on• year (Continued) The uedilor relaled lo an outsl8nding bojance on the charity's mortgage with Sanlander Bank PIC to faolitate deed retsntion whith is no longer required. 18 UnrestrFcted funds The unreslricled funils ofthe charity comprlse the unexpended balances of donions 8nd grdnts whith are not subje¢t lo specific condiiions by don and grantors as to how they may be usod. Thes8 incltsde designated lun(ts whi( have been sel aside out of unrestricted funds by the trustees for specific purposes. Gains and At30 losses Soptembor 2025 At l Octobgv 2024 In¢omlng R•oourco6 oxpend8d General fund5- all funds Designated funds- sctial fund 185,517 214,S21 631 {197,826} 18901 202,211 541 186,317 21 5.152 1198.7161 202,752 1,500,0(KI Rèvaluation resenje 1,5,Or%) Prgvlous ygar: At l Octobgr 2023 Incomlng R•sources our¢•8 •XPoDded Galns and At30 logse? September 2024 General Dèsignated 171.907 BOO 203.651 1190,0411 185.517 800 172,707 203,651 1190,041) 186,317 19 Related party tran¢tIOnS There were disclosabfe related paty lrnns&t1LS during thg ye8r12024- none}. 19-