Company registration number: 679607 Charity registration Dumber: 213120 Housing A&8ociation registrdtion number: H022 The Abbeyfield Colwyn Bay Society Ltd (A company limited by guarantee) Annual Rq)ort and Financial Statements for th¢ Period end 3 l March 2025 Aston Hughes Co Chartered Accountants and Statutory Auditors S¢lby Towers 29 Princes Drive Colwyn Bay North Wales LL29 8PE
The Abbeyfield Colwyn Bay SDtiety Ltd Contents Rcret and Admiwtrative Dctsi]s 2to4 IndependenL alldtio repDrt Statement of Comprthrnsiv¢ Tncon Statement of Financi&l Position 5É07 StaÉunent ot Changes in Reserves C&%h llow stat¢rn¢nt N()trfj to the Financial StateDMts Thc followitigpagcdorsttot fornpartof th¢ sl&tsJtory tla1 statonts. Dctailed Income alld Expenditsr Accou1 Lo 12É019 20
The Abbeyfield Colwyn Bay Soclety Ltd R¢ference and Admlnl8tratlve Details Ch&rlty Dm¢ The Abbfi colryn Bay Society Lrd Ch•]lty r¥gl8trRtJon nURDber 213120 CompAlly re%lstratltsn nMmbEr 00679607 Assodtion regl$tr4tiDn numb H022 Trnstees Mrs B A M W&tsvn MrJNBarry Mr G R tlice MT8 J Pe]ham Mls J R Hough CenerlManxger MrtA H8olett Setret*ry Mrs A Hamblett Reglstered Offie¢ 10-12 Alexandra Road Colwyn Bay Convry North Wdes LL29 7YB BAnlrers BardLyg Bank S4 MaEtyTr Strc Liandudno Conwy North WaL&% LL30 2SH Auditors Aston Hugbes Ltd Sclby Tow 29 Princes Drive Colwyn Bay Conwy North Wales LL29 8PE Pag¢ I
The Abbtyfiejd Colwyn Bay Soclety Ltd Trnstee8' Report Th¢ TNstees, who are diiectors tor tbepurposes of c(fjnpaDy law presents their teport and dIted fllwIBial 5tatenKnLS for the year ende4131 March 2025. Prlnup41 Aedvlll¢8 Th¢ ltiCIpal xtiwity of the ¢ory?any iti theyear of revi¢w wos that of the provision of thelteredhowing fortht eldcTty. Strurthrfy GoYernAn¢e ind Manx%ement Covernlng DL]ent The or8ani8ation is limited by guar4ft¢ee. Tt was incorporated 4th January 1961 and rEgL6rered as a charity 30th November 1962. Th¢ organIll0ll is a150 a rcgisteTd Social Landlord attd is govtzlled by its Mcmotalldum and Articles of Association. Rtlted Pardei Wbiist thc orgonisation 1$ a member of the Abbryfieid Society it operates in an autonomous m•nllU. Orynlsallon Str•rtUTe and Management The Chariry is governed by ivs BoArd of TnJste¢s who monthly, but a nxing b¢ Called at any Sh(Id it be deemed nec&$ary. The Board of TNstees are responsÉble for the leader6hip. streBY and all major decisions of ihe charity, the day to day nuwing of the Charity is ddegated to the the AdllJirÈ depArtst the Gcocral and House MaD88er4 wbo ar¢ all viewed &$ k¢y mana8anent persDnnd. Rt¢rnlbwe•t nd appolntmvnt of trii$t¢es Tntet$ are nomina] by the currellt Board, w0vidl thry me¢t the critrria basd on the needs of the Charity. Job descriptiott at]d handbook. together with relevattt infornMtirnaboutAbbeylield SEllt LL7 the prOsptive TNste< w)d providing they are happy to join the Abb¢yfield family thry invite4110 ameeting to rn¢¢t the BoaTd. Thc Boardwillthe vote in the successful candidate. Trainin£ is providrd to TnISte as and wheh Twuired. Arrangements f(Jr ttlng key perBonne] remuner&do Satary prop)sals are drawn up by th¢ Gurral Manw. based on the UK millin wag4 and presented to thc Board at the Febnmry m¢eting alld wc¢d in MaTcI to be efftctiVB from th¢ 8tart of the next fitt8u¢i#l year. Rfsk Manwgemfnt The Ttustceshavc a duty to identify alld review the risks to which tb¢ organiltt is exposeA (includiog those poÉcd by titwicial instnllnets) and to ensur¢ appTopriate ctr0]S Inp] Lopmvlde rea8(mable &%ywance asaitisi fraud and eiror and safe8uaTd a5set&. Theclwity's. Incon is aEndent ott oc¢upatt¢y Icvel& in (d¢r lonK11$¢ tbe level of ineonye tbe Irustec8 review at n¥)nitOT levels. th¢ ptyaod under Mryew llwgcment haveproved eft¢1ve in m&intaining 4 hlgb leve]. The gelltyyal r¢¥ kn maintaiti¢41 Itt SULh tu ¥nabl¢ work vf tlLC Urll1$d tts uuntinuc in ttlr rvttnl of d lus8 of fimds ¥nd during pulods of low occupancy. Th¢ Trnstees remain hi8bty ioforrncd IA rewds to the fmettcial activities of the charyty through the usc of budm paym¢nts rl¢w, morbthly ¢Thte¢ meetings and bi-monthly tSnance reviews. Appropriate contro16 ahd a tonductive eulture are distilled ithin the dwity to protnote cffective opcration. Page 2
Tbe Abbeyfield Colwyn Bay Soclety Ltd Trustees, Report PllbNe B¢hell( Th¢Cl)ry 18 apublic benefit tity, it's primary activiry,the provAsion of ear¢ ad shdttr for tbe eldalyy asw¢ll as it& supponing arlivities Ilave a dIrt link ro public benefiL Through its furtlwrthce of Aciivities it has also been able to offer local aTryloyment and voluntcu opportyDiti¢S. ThE ttvstecs ctbnfinnthat tbey havr refeiToJtothc guidancc cthinal The Conullission traI guidance on public beDefitwtL¢tt rwiewing the Fund's aims and obj[v and1nplalLllg the future activities. Objtttlves Alms - Mis51on Statement ThE S1&Y ain)s to providc a peacefvl gnd ltiedIY lite stylcwherc re5tdfflts catt rnaintsin their independatcewhi18t livitig A¢hltvemeDts perfrAnce The cjjartty continuG% to be dTcCtl in nw)awng their 27 rejIt housiogunits FNell as iti the PTOViSirn of siipport and security to irsidents. Thetprnnvtt of rrsidEnts was fairly low th]ring this P¢TiTrJ ftwing The SOCI maintaitied the hi occupaucy ofthe previous ye4r. The Societywel¢omEd 6 new rEsident4 4 residents JN)v¢d into care attd 2 sadly pawd away. One Kgident who was slayiDg in th¢ guestroom Iwig tem? decided to become a prnetttT&5id¢nt at Rhos Road theretw¢the Slety no l(Mgtrhas asuest room. A (iecision w2É fj]adc to 8ccomo(latea pcmurt re8idellt as this Wollld lurr6C ther¢Velle forth Thehthws have be£n Th]n]ned to & high standrf all vacatyl rcrt)m5 decorated and new earpets fitt¢dwh¢re rffjlllrI but because ofthe high o¢oupcY there Iw not b¢ett a lot ofrefutbisbmettt ulld¢rtak in the rooms.. l. Stairlift removed aTrd a brand-new pa56en8er lift installed at Alexan(kr Ro1 2. The publi¢ areas were decorated after the inslallation ofthe lift ot Alexander Road 3. New lumble dryerpurchased for Rhos Rcd 4. New intercom purchased for Rhos Road 5. New garden furniiurepurchased forwhitehall Road 6. The dining room e84Jei w8A replaced in Whitehall Road 7. Rooms were miinrained to a high 6thrtdard by Gmynne Williams 8. The Society are ttow plytng for the residents, Lifelineunits and pendants. This will cost approximaly l 0.6k ¢xtraper dqdIng on the pancy. The UK art migratin8 from &naloEUC Wire ts) diwt&l and new rethdents have not ber ablcto gct analogue td¢phvnE Iin¢s. This i8 a bett¢r system forthe S£1¢ty Is th¢ullits are OA rtal from Telccare al are covrted for all 22jaintatt£C c(Ksts. A higher occupancy level for thc peritxl has resulted in t high sluS forthis twelveryrnonth period. Thr rcnl IncSe redectul the ioflation I'atE and with fromthc W£]sb GovCrnnllt tbc ttustw to krcp th¢ Thr tnwee& are vY pled with the financial pNfornwice ofthc charity as wdl a5 tILC Icvel of siCC provided to residellts fortb¢ twdve months wi(Nl widcr r¢view. P14wfor the Futyrt The Soclety will continue to proth a bigkn levd ot accoDxJation aJMI 3ervice t(Ir Its residents and adbere to quaiiry statthr&. The 5 ywplan will ¢ontinuc tobc illylenmt¢d duritig thc forthcoming fittancial yeaT. Pa88 3
The Abbeyneld ColwyA Bay Sotlety Ltd Trnstees, Report Reservts poll¢y Th¢ tsusttts d)jective is to mailltain suffici¢ rrVeS to ellknl¢ theproprytie5 to be tnjitttained to d high staudor¢ 8T to tund Capital investm¢nts. The casb rave represents 15 months OP¢XiorLai costs. The charity has sufticientreset At year end (utJr#trictol re8Erves of £2,O38295. of which c&sh £729,141) to service the oll-goingrequirottcots for thE re8eeable fiitsye. Slattment of Trwtees ReonsIbltIeS ThetruSt5 (who are also the ditorS of Th¢Abbeyfidd Colwyn Bay &iety Ltd for the purposE5 of wnpany law) are re&rKM]siblc foTprewing thc Report of thr Tft28 and th¢ finanrial 8tatew¢nts in accordance with Unife41 Kingdom Accounting Sthndatds ( Unit¢d Kingdom (len¢rally Accerrted Accounting Practsce) and applicable law and teEulation& C(ryany law ro4uitr8 the trustces to prepar¢fr1 sf&ments forcacb fitsattciai yw. Undrr corroany18w thc ttts must not approve the financial star¢ments unle68 they ar¢ wisfied that they give a true and fair vi¢w of the state of affairs of e charitable company alld of its incomin8r¢sources alld application of r¢sowc4 tticluding its iticome And ¢Ypodittwfy for that period. In preparittg thc8c fanCial statemEuts, the tr¢6 arer4uired to: - select itsbk accountin8 policies alld thsn apply them consistently; - observe the thodS aTLd prittopl¢s in the Cbatity SORP,. - judgenThts ¢stUllates that 4trC Twonablc and Prudenl the financial statemEnts on tht goittg conc¢rn basis uttless it Is ill4ppr(tyeto prcxume that thB chaTitable ThettUStee8 3fcT&StM)n5ible for keeping ad&4u#tr accountits8 rccords that sufficient to AFAOW aud explain the charitabl¢ compangs transaction5 &lld disclose with reasonabl¢ accwacy 4¢ any tiTr the fjnancial position of the Chanb]e Company and enable tht0 eAJsure that the Fancial sl&t¢DMts con¥ly witb the Componies Act 2006. Th¢y are also Twnsible for 8at¢guardin8 the assets of thc thiitable compAtty and bcefor takIn8roabIe stEPS for theprevaltirn and detcctton of Itaud and oth¢r irregulgritics. Diid09ure of Infurmatlon to Audltors Each truse has rLk¢tt &r¢ps that they oughL to have thk¢n asa tnw¢e ID order to make themsefves aware of any relevant 8udii information and to &stab]ith that thc charity's auditoris awaTe of th2tinfonQll. The Inutea CODfjrni thatth¢r¢ is no relevant infrtion that tèL¢y know of and of which they kn¢)w the auditor is unaware. Audjtors The auditor4 AstLM Hwes Lt4 will be proposed forre-appointnl the forthcoming Annual General meetin Small Company prtiTrision¥ This rep(xthas beth pryared in CoTdaDCewIth the srdl cc•llpau]&sTegio under the Companies Act 2006. Approvuj bythc Board and 5i8llEd on its beEIrbY.. (hlr8 B A M Watson) Tntr¢ lo Pag¢ 4
Independant Audltor5' Report to the Trnstee4 of The Abbeylleld ColJryR B8y Socltty Ltd Opin We hmve audited the fimancial sthr¢mcmts of The Abkyfidd Colwyn Bay Socicty Ltsl (thc charitablc cornpan) for the year 31 March 2025. whith compriscthe Statement of CompreknsiveJnccth4 Stawrtettt of FJtnttCiAi Positioty Stettut of Changes in Re8eN&s, of Cash Flows, oJh1 Notes to th¢ Finallcial S¢atKnent4 includiug a 5umtw of sigDifi¢ant a¢¢owitiDg po]Kies. The t"thanci#l reportitig Iram¢work tha¢ bas applied in their prepgrdtM)n is applicJble Jaw aod Uniwi Ktnadom ACCO]1&D9 StandArds. including FRS 102 The Financial RertIn¥ Stsndard appli¢able in th¢ UK and Republic of Ireland (United Kingdom Gen¢xally ACC Accowitin8 Practice). Jn opini¢)ll th¢ finawial st4trmEI. give &ttue and tairNiewot"the statrot'the charitable cl[11y,s affairs at 31)Aarch 2025 Hnd ofits resthtorthe ye4r have been propertyprepared in a¢¢ordan¢¢ wth Unid Kingkn Generally Accepted ActtIng Pra¢ri¢e' and hve beeo prepwed in otanCe wilh the requirements ot th¢ Comparties A¢t 2006. Bg11s for opitilon We conductrd audit accordallcev1Trth]DtennaI Statsd8rd5 onAuditiDg (UK) (ISAs {UK)) applicable Our responsibilitie5 undw those sndardS Are ftthcr dcstsrikd irh th¢ Audrtor'$ responsibilities for the atoethe fin#rKial 51attyn¢ttts section of owrewrt. We are independeni of ih¢ ¢haritablc ¢ornpany in a¢wthn¢¢ with th¢ ¢thi¢al rcquiremenrs tha¢ art r¢kvant to ow audit of th¢ fiaancial stat¢ments inth¢UK includingthc FRC'S Ethiclll Standard, and we hav¢ fi1]fill ow other ethical rwoDsibi]Ètscs IR acconlanc¢with th&g¢ requirenM)ts. We belieV¢ththe &udit IdenCe w¢ h&v¢ (&taIn is suffJGietttand approFrtiatr to provide a buis tor our opilltotL o¢htr IDfDrfflatlon 8tatanettts our audiwr'5WOrt thereoL Th¢ uwste¢J are wponsible for the rtherinf(miion ClIaled within th¢ anttuai repotL 1knopini) on th¢ fiJancial stst¢nwity doBgnoteoverthe otts infoatiOnall(l, ¢xcept to the ¢xt¢n¢otberw&se explic1Y itated in our repor( we do noteKpre8s anyform of k86wattce cott¢hl0 d*reoo. r<sponsibibty is to tead the th iotornxuiui ant£ in dottigbo, ¢L)A%ider wheth¢r th¢othe¥ ititomlation is malerthjty irtGonsisten¢ with th¢ financial statem¢nts orourknowledg¢ obtained in the audit l0th¢ThV1e app¢ws io be maE¢rially mi$sts¢¢d Tf w¢ identify w¢b mit¢rial in¢ODgi5ta1CS or apporcDt material misstsretue¥Lt4 we tsre TequiTed to detcnDsne whethcrthis 8tv¢s ris¢ to ll mataial missttttan¢nt itt tbe ftsthn¢ial st&tethents th¢m8¢lves. l( based on the Wi)rk w¢ have p¢rfomKrtwe coucludc is a rt)#trriil missrÈrEm•r ot'this ots informfttiofy we are rquired to reportthatfact. We h&ve nothing w rgY)rt tti this Opinioa other matters pres¢rffibed by the CompaDles Ad 2•06 Tn our opinioffj bas¢d on th¢workwidert4kenin the courseof the audir the informa¢iott giv¢n in th¢ Inte¢s, r¢poE¢whi¢h in¢lud¢s ¢h¢ dirKtors r¢por¢pr¢pared for thepurpLWS of compwry IAW, for th¢ finan¢ial y¢srfor whlch the f]nancial Étlltemcnts arcprcpartd is Consisttwith thcfit statem and th¢ dirccm, rcpcrt Ild¢dthill th¢tsuMe¢5' rq)ort bas bnprepAred in accordanccwith wroli¢abk Ic8al requlrcmts. M#tttn ott we are requtrt41 to rert b). VAeePtlon YnthE Jight of th¢ knDwIEdg¢ arKI understatidingof th¢ cDmwryartd its ¢llv£rortD)riht obraitiryj itt th¢ cowse ofthe BudiLwe havr not Identit- matrrial misst&tements in the direLtors' rert inchmiedwithin thetntt8, reixrt WE bav¢ notknngth wiort in of thefollowing trters where Ihe Cort4)ant¢& A¢t 2006 r¢quir¢s usto rEPOrttoyou if, itt (A]r deqllBÈe accounttugrecordshave ttotbeett kep4 orretthns ad4uate forour audithove ttot been Te¢eiV frtsm btsnebes tt visited by or the financial statememts are not in agreementwith the aceixjnting rttords and retyrn6' or certain Ili¥closur¢¥ oftnb¥ts remtneration 5peLified by laware mad¢; or we haVenOteved all the ALJtornJation and exp]anatio werequire fw OUralIL Pa8e 5
JndepEhdant Audltors, Report to ¢he Trustees of TheAbbeyfieM Colwyn Bay Sodety Ltd ReTronslbJlltle8 of trustee5 As explain¢dtnor¢ fuilyiti thc Statcweut of TrSteeS, Res1] )iliii&% [SLd QUL oupage 31, th¢ twstecs (WI are also the directors of the cbaritable cornpw for thepwposes of ¢ompauylaw) arettsponsible fLK thepteparntion of the finallcial 5taterAents and for beffiti8 sEtisfjed thatth¥y ¥iv¢ a tn fairview. for Such internal ciwtrol as the ttwtees det¢ille is ttcrrssaryto eDabletFÉ¢ preparation of financial statsm<nts that arts frce fmm mati%ial mlsslateffl4 wh#th¢i ID frdud OT emv. In preparing thc findncial statementy th¢ uu5rcrs are r¢SpSl Ic for as5ts6ing thr companyB ability to coMtinu¢as a goinB concern, disG105iDg. gppJi¢abk, mattcrs related to goit]g cothcern and the going Co¢¢rts ba515 of ac¢ouLtin8 uni¢ss the ¢ilher Authtor's reOlIbIlIe5 for the audft of tht IID#ncl#l ¥t8tenlts objcctives are to obt&in rcasonablE assurunce abNt whethet the fJuancio16ta(etneots as a whole are lieefrom rnr£Jial mis8thtemenL wheiher duE to fraud or error. and kn issue an audilorfs rqjtsrt tha( inGludc6 ow opinion. ReL%onable assurance 18 high Icvel of &ssuron¢E but is not a gu2rant¢r that an audit condll¢ted in ac¢ordaftce with TSAS (Ufj wll lllways ddeetlteal isststemffitwh¢nit ¢xists. Mi5StatcmtLts c8n atis¢ frorn fraudw err ar¢ ¢onsidercdnutcrixl if. illdividualtyor iti the aggree. they could reasouably be pte41 to the ecojww dE¢lSiO of usets t8kEn on th¢basis ot the5¢ finan¢ial ItteitieS, includitig fraud, are in$rGE ofnoDw¢omplian¢ewith laws atslregulations. Wc desigtLproCetheS In line with our T¢sponsibilitiu, outliti¢d above. to det¢ot tlaInl5$tlt¢D1ets kn rtsp¢dofiYrcgularitie5, inEludin8 fraud The {entt0V1blc ovt pr(pxdurtg are capable ol"dttectin8 trre8ulariti¢s, iticludin8 traud is dEttiled klow.. We Collsidertd th¢ Dawre of the of the ¢haTitsble company's industy and cmtrol euvIru] and reviewpolIC1es and procedtsres rElatin8 io lTrathl COAwllat)¢¢ with laws reatIons. WB aiso ettquiml with Igetent about their Qwll tdettrlti¢atlott and ass&%SD( ol therisk ot.1eBUr1t1cs. idtntltyor recogttise #-COMplianCeWlth applicabl¢ laws and reglatIoNs. Th¢ awlii am discugsed areas that may cxistw&thin the orgatiisation fwfraud or non<ompliance and re8ulatiotu a1 r¢vE¥W any Lorrespond¥nL¥ fn)m the ftl¢vanL regulators. we t$Jdered the risks id¢ntifit(L may hdve a directiiuterial eifecl on thc financidl &14lements or operuliiJn$ ofthr clwrithk compdny'& 4udit procedllTe& wnr Out. To addr% the risk5 identifiEd di5CU8StAmalttss withkeymwnagrntand Intre JTrrnrt¢s and undertakett fEttth¢r Itt CMnEnlWlthll audits underlSA's (UK) wc arc alsoreqllited topof(Arll spccific procedur¢s to respond to th¢ riyk of fraud attd etTorthrouBb I[M[geD]ent ovcrride ol'controls aDd in responsewe ioEporattd tf6tstt8 adjuslmellts Ithe Glwitablc companys financial 1¢pting systcm. Thcr¢ #rc inh1 lirnitations in our auditproccdurts dcrib Abo The nwe r<movEd that laws and r110$ are from rinancial tronsactions, Ihe Icss lik¢ly it is that wewoldbC£OrneaWr¢ oFnm-compliancc. Auditing stamdards also limil thcaudit prO¢edW required tu idrlltifynon.cotsplianGC with jaws 3ttd rcgulatioDb to fllquiry of the tru6t¢u and oth¢r mana8cmull and the in5P¢Ction of r¢8ulatory and IcgaL corr4yoNiEtsGfj ifally. Materi8imi$4atements tbat *TiS¢ ¢ to traud can beharderto detwtthan those aris¢ trortl an)ras they n)By IVly¢ dehlJ¢rat¢ AttirtE thcriptiO of ourrt8pDllsibiiitiu is ivailabk ¢)rÉ thePinanriaJ Repoitiog CouDciI's website ar. wvnV.trc.orUk1aud1lorSraSpQ5ibLlL1LCs. This d1ption fDrny part vf our Buditor'5 ffport. Page 6
Tndependant ABdlt•rs' Report to th¢ TStee¥ of The Abbeyfleld Colwyn Bay So¢lety Ltd C•nelusfion5 relathig to ¥0kn8 Mncern In auditing the ficlaI w¢ hav¢ con¢Juded thatthc tru5teC8' use of gotttg ¢otscern basis of acc(wtiin8 in the pitparatioo of th¢ fmancial Ststenots is 8ppropriate. Basedon work we have pNforAned wehave t)ot idelfIed w1]ntle5 relatingio ¢v¥lls or ri)nditioD5 th8L indiNudtlly . couectiyety. may cast Si8UiticaDt di)llbt Dn the cjwitsble com*5 ahiliryto coDtittue as d fora p¢riod ufat I¢ tW61vc from when the orig& fJ]]auFio1 state4tKllts wtteauthorisedtori&gu 0res[M)nSI1)JIIUes and thereswi&ibiJitic8 ot thetrusttts withrspcctto goiDg coDttrn are dcscnlKd tnthe rdcvant 8ectioDs of Ux oforyr reyt Thi5 rryorl i¥ made solety ty thE £haritablc ¢OrnPAtys te4. a b(MJy. ill acr4)rdance with Chapter 3 ot"Part 16 ol'th¢ Conwi¢8 Aci 2006. Our 4udi¢ work kn been Underthk so that wr might State io the chariÈable comparry's ¢nlee$ rhose matters 4r¢ Tequired to state in an auditOE'8 report for no its purpo$¢ To the fullc5t cxteDt pcrniitted ty law, we not acccpt or asSe re5pollsibiltty fv) #we other than the chwitsblt conjpany atK] its tlet5 as a body, for our audit for this rep(¢ or ve fonnEd. II IA)w¢ BSL" ACA (Senior Statiitory Auditor) for4 n ltr of: Aston Hughes timitol SEknyTowa5 29 PiiriLtx Driv¢ Bay L129 8PE 11-lo-I PAg¢ 7
The Abbeyfleld Colwyn Bay Soclety Ltd Ststement of CompTehen8lv¢ Ih¢ome for the Perlod Ended 31 March 2025 2112S Notr Turnover Lcss.. OpeTrtins co5 6l&714 513,047 533.392 511.089 certIng sllrylus 103.666 22J03 Other iucom¢ Intet receivabl¢ GaiDI(Los8) on ittvcstments 50,871 17,355 4.849 73.074 16@788 6275 li 173.063 Swplu5 on ordinary activiti¢s b¢[ t(1¢) Tax on 6JJrplus on ordinary a¢tivities 176,741 195,366 Surplu4 for theperlod 17&741 195J66 Reserves brodgh( rorward 54 1.666.Ixx Re8erYeJ eanlEd fDnv4rd 16 1038J95 I06154 Th¢ r¢spJlts relate whollv its c11ving acliviiies and all Unrtricd and resrrictal fid$. Thtre is no mawial diffuemcebetween Èh¢ rdaild surplus for the year on ordinary activtti&s stated above and its historical ¢ost equivalt. Theni*es ott pages 12 to 19 fonn an inrwlpar¢ of th&8e fUnCIal statem¢nts. Pabf 8
The Abbcyfield Collryn Bay Soclety Ltd Statement of Financial Poslilon gt 31 Marrh 2025 2023 2024 Ftsed •sset• Housitig propcrti¢s- dcprcciatcd C(t less SHG .023,692 994,617 43.736 979.956 950.881 Investments 304,849 CMrr¥ftt #ssets Debtors 12 44,091 729.677 773.769 35,154 895,353 930,507 Cash at bank alld io halld Creditors: AEnounts fallin8 due WAthin c 13 QO279 N¢t ¢t a16 753.489 910,673 Net assets 2.038.295 1.861.554 The fwids of the tharlty: Capitsl amd reserves 16 16 16 2.038.295 1,861.554 Designated re5ervey RwtrA¢t¢d R¢s#ve Total chrlty funds 1038295 1861554 These accOllts hllvebt pr¢paY¢d in x4)nknwith ¢b¢ provisions appjicabk to companies sUbJt0 the 5zuall c(MnpaDies rewm6. Ap01 by the Board on..........._. .......... ....... and si8ned on its behalf ty. Mrs B A M Watson Mrj Trus¢ The notes on peges 12 19 foml an iot¢wl part i)f th&%E fjnancial *Jtc]llts.
The Abbeyfleld Cohvyn Bay Soclety Ltd St•temen¢ of Changes ID Rejerves for the Perfod Ended 31 March 2025 Cytllcl Revrnut Reserves Restslcted Reserve Total Reser4es At A Aprll 2D24 1.861554 1.861,554 Swplu8 f the year 176741 176.741 A131 March 21125 2 038295 2.038295 Dtslgnated Cyclleal M•tnt¢nan¢e Reserye REvenue Restrtded Re¥erv¢s Totthl Rtselv At l 21111 1.645.289 20,900 1,666.189 for th¢ yeRr 216.265 120.900) 195,366 Trdnsfer At 31 2024 1.861.554 1,861.554 Thc Dos orÉ pages 12 to 19 fffln inte1 pBrt of thcs¢ flnancial statctnthts. Pag¢lO
The Abbeyfield Colwyn Bay Soclety Ltd Cash flow for the year cnded 31 MJrch 2025 2025 2024 Nots Free cash flows from operatlng 2ethRtitx Net Cash ()tscd illVprovidEd by owating a¢tivifie8 19 155,944 178.113 ffrorn invtthg aetlwttl Inthst income Capital expenth'wr¢ on tahgible fixed assets Acqui8iiioll of itiv¢stw¢nrs 17,355 138,974) (3£1.000) 6.275 Change in fieecA8h and cash equivalents in the year 1165.676 184.388 Cash and casb a]uivalfflts bmugbt furward 895J54 710.966 Cash and ¢•ih equlvalents CArrled fonY•rd 729,678 Th¢note6 on pages 12 to 19 1(&m¥n iDt¢gral partot ttL¢S¢ litianciai Statents. Pag¢ll
The Ablyfleld Colwyft Bay Socfety Ltd Notrs to the Flnanel81 Ststcments for the Peyiod End¢d 31 March 2025 Accountlng pDMcle8 (a) GetterAI The Abbeyfi¢kl colvryn Bay Society is a company limited by guarantee having Tro shar¢ capiial and with 501ely charitable objMive& R¢8iStu¢d ID England aud wales No 00679607. R¢sistwed as a charity No 213120. registqd as a 11 lan(UoTd iti WatesNo H022. Ib) CIE4rlty Stxtus The eh4rity 18 R charity limilbY guarante¢ incotporated in England an Wales and consequetttly does noth&v¢ share Cgpital. Each of the Inte¢S is liable to Gonttibute an omowitrtot ¢¢¢dIng £1 towards the ¢ts of the cbarity iti th¢ evo of liquid10. The registernl office adts is providal on in tke ¢on¥)any itifornjation page.even of liquidati(L (c) ACCO11(1¥ convendon The fmancial sttttatmts bavebe£x prcpaT¢d undrrthe histori¢at cost CQJmtion (uttlcs$ othenvAsr stated) and in acco with the ed Kingdcln and in accordance with the Accounting Rowirem¢nts for Registered Social Landlords (General D¢temJination) Wates 2015, th¢ Housin8 SORP: 2018 updatr (Statctnthtof R¢¢omtne Practiceforrc8ISt¢r social housing providet3). th¢FInanCi Rewtin8 Stsndard appli¢able in the UK and Republic of Ir¢laDd IFRS102) Rnd Companies Act 2006. (d) FunctIoD ¢urreney The filncIAl sratements are prattd in srerlin& which is th¢ nctIOnal currency of the ecffipany. Monelary amounts in th¢s¢ fjnaDcial statttnthts ar¢ roundcd to the ne4Test £. (e) Gothg tonte The tiwBttts eonsid¢r that nv m&tiMI uMcertAintie8 about tlie chariWs ability to Comtinuo as a 80ihg coricetn nor any Si8Difiwit grus ofuncertainty thai affrftthe canyitig value of &8sets held by the £hatity. lfj ReveDue TuJnoverconyri8¢8 the fail. value of the Considerntion r¢Val or 1Vable for the pnwision of services in the ordinary )ursc of the cknity's 8rtivttie4. Turnover is shovm tt¢t of bC8 and discounts. Thc tharity rtto8tiiscs reveDUC who: The ¢Anbe rtliobly Me8w. li is probable that tUre ttonomic¢benefiL will tlow to rhe thLity' and spe¢ifJc criteria have been met for ea¢h of the cknitys 1VItIes. (¥) Hxed 98sets- Houslnz Properdes in¢iuded in bousingpropenies stal at COSt less d•iation. Th¢ ¢08t of SlldLpfDpertI includes the folloWity.- i) cost of acquiring land and builibti84" iii) IntSt cbw on mortgage lotttts rai8¢d to fll]attce thes¢hane up to thedate of ¢oJllpletion: iv) amounts wual to qUisition and developmtht allowattc&4 1vable. AU iovokes aDd 8rehlte¢Vs certificates rdating to capitsi expmditureareitiduded7Tr th¢ ac¢ounts atthé grs Y8tueprovided that the eXP¢Dditrmr was ittcurr¢d or the archit&8 c¢rttficatr was completed by the cJLd of th¢ 8ccountigyy. Page 12
The Abbeyfidd Colwyn Bay Soclety Ltd Not¢1 to the Fin4ncial Statements for the Period Ended 31 Marth 2025 (b) Depredarf• Housitigproperties are depreciated on hithic cost deductinggrant& Depreciation is providcd on hon8 properties so as to wiite oft the or valuation,1th8 any estinYd¢ed res1thl valu4 ovtt thesr LKpeUUsel economt¢ lit¢ as follows". Housing propetties 10/0 Tedu£ing balan¢e basis Frcthold land No depreciation Th¢ cost of fixtllres, fittings and equipo]ent is writt¢n off throuBh the income and eXpdi1 accountas ittcurred. Assets donated the chtttity arenot inchuled in th¢ba1ce 8heet. (i) DondoD$ grants Income fiDm dOnl0S and . includitig ¢apitsl grants, is Includ iti itt¢0mingreKC wheL thcse arereceivablA except &$ follows.. * Wh¢n donor5 Spify that don108 and w4nts given to the charity must be u8¢d in fijlure ac¢x)unlingwiods, thE irncome is d¢ferred until those pttiods. wh donors impiKconditions thai have ts) be fiilfilledbefore the charity bDIr entitled to e such the incorne is defffr¢d attd jwtitichthd in incomitigreaou&s unlÉi th¢pre4onditions ar¢ m¢L Wben dOr8 specify thatdouations and 8faJLts. Iluding capitid srants, are forparticular restricted putposts. which do not amount ro pre-conditions regarding entillemu)t, this is included in incomingresour¢es of regtricted fimds when re<eAvabl (J) LegAdes Legacies received fora sp¢¢ifi¢ purpose inLluded in restricted 5¢twe5. a reL'ord of expenditure allocated a8llin81 this re6uve is 1tained by The Socidy. A dEsignated reserve has been establi8h¢d to ettabk ihe Society to meet the c05( of ryir and replement li4bilitic8. The anyx]ni of d¢5igoated resctve is to k revitwed eathy¢arFith tefcrfwc to th¢plan. (kj kntErTst rtteivable tllterest is inc]nd¢d when recelvablc by the charity o) InvtttDts lftvestm¢nts h¢ld as tixed assets Are revaEtted ba1 their market Yalueasat rhe bAlan¢e $h¢et date and the 8ain Dr lo txketL to the Ststanent ot'Fiti8n¢ial kniviti¢s. (m) Corporathin Tai aDd VAT Th¢ so¢iety has charitable status and is ex¢mp¢ from c.0qti0n Tax on the income ir receives. The Society is nL registcted forVAT. Accordingly no VAT is charged to residtS. and upendits¢In the in¢ome 4lld expenditiwe 0Dt includes thcrdevaDtVAT. {D) R¢80uYces t¥ed Resources expended 4r¢ inCh¢d in the Statement of Finl¢la1 Activ&ties on an accnmls basis. Ccrtairt cxp¢nditutt is ltlY atrributsble to splfIC activiti¢s and has beets incluJ in those categori. (o) PeDglons The company (4)tyates a ddine4J Colltiibutith P¢DS1(l schem& contrib105 payable io this sch¢m¢ #r¢ charge to the Income olld eXpdI aCCOUDt in thep2rTodwhich they rc]at& ThG8¢ c(otributions are itiveSt saratlY frorn the conwallys (p) Dtbtors Trade d¢btr are 8mollllts dur from cUSton or fimdax A provisioll fot imp&itEtknt of debtors As made when there is Lje¢iiv¢ evidl that the charity may not be able to collect all the amounts thi Page 13
The Abbeyficld ColTvyn Bay Soclety Ltd Notes to the Flnancial Statements for the PeTiod Ended 31 March 2025 (q) Cih It bfflnk IN hoDd Cash artd L&sb c11valcUlS comprise cash on hand call deposits. {r) bllrestrlctrd FundA UnrekntriLtcd fimds donations and othcr incomin¥ rysowces re£eivablt iy g¢ner&te¢J fvr th¢ L7bjecrs of the Charity v41th1t turthcr sp111¢dpVryose and are ayai18ble @s gtaeral fimds. RrstrictrA arc thosc donatcd for in a particulararca of sprgific putposc. thcLse of which 15 Testricted to that arca or PUtpoAe. Tnrnoier Yer erjded 2025 Year ended 2024 Rent rtceivable from sUppty housing Guest ittcome and resid¢ttt ¢xtra8 611.719 4995 527.486 5,906 616.714 533.392 All incoDK includ¢d ill ¢urnov¢rwas wJrcstrict&l fcKboth 2025 and 2024. Operadng CDSts Unr¢8ts*ted RestrlrtEd YeAr ended 2025 11.863 450,892 40.393 9.899 11.863 45092 40,393 9,899 Suvi¢e cbarge costs Miintenance Depreciation 513.047 513,047 Uirertrftted Restrictrd Yew ended 2024 costs 12298 420.758 47.528 12,298 420.758 68,428 9.605 Sekvice charyr costs Maintenattce 20,900 Depreciation 9,605 490.189 20,900 511,089 Page 14
The Abbeyfield Colivyn Bay Society Ltd NoteB to the Flnanclal Statements for the Perlod Ended 31 March 202S Opttarfng Swrylu8 2112S 2b24 Owating SU10S is stated aft¢rehaTging: Auditors, remuna3tion (inc VAT): In their capaciry as audiwrs nl YÈspedof other wvlces 1.934 1,864 9.899 9.605 Otber Income Ye•r ended 2025 Unrestrlld Legac1 and bequ¢sts Job retention 8cheme Appeals and donations 871 87k 50,000 50,871 50,871 Ye¥r ended 21124 UDTestiicted Restricted Le8acies al b4ucsts Job retetttion scheme Appeals and donatsons 16@548 166,548 240 166.788 166.788 Trn8ttes' rmunerth)i and penS No tt118trcs rcceivcd 8tLy Temurteration orjtimbursEmts durAng thr period. Page IS
The Abbeyfield Colwyn Bay Soclety Ltd Nolcs ts lh¢ Fknanclal Statemenls fvr thc P¢rhJd Ended 31 March 2025 Kmpknyee4' remuneratlon Thc aggwlc payroll COSLS uf thcsc pcr%)DS wuc as follows: 2025 2024 The avwage number of persons employed during the year (fiill ttme ffjulva1tsj W.. House MaDag¢rs Houseknw¢r. a55i$tant$ alld cleallffis 15 14 21 20 28&900 15.558 4.717 307,175 268,698 13.680 4,180 286.558 Social swity Other pension Costs Thtte are n(T empluyecs with emolumEats above £50,000. Rarnmeration ld to key malla¥cKLent lnut1 tOled £118,564.00 {2024'. £104,366'.10 l Admini81Tation House Managu8 are c]asy1 as key Inanage¢ pttsonttd. Tbe COll]Y 15 a[cered charity alld is, thaEfot4 exell4)t fromtaMtion. TRBElbRe aÉsets. Hollsfing properttes Fptthold land Ind blllldIhgs CoBt s at l Apr&1 2024 Addition5 As at.11 March 2025 1201.329 38,974 1.240.303 l>epre£fatlon AS l April 2024 Cbarge for thewiod As 8t31 March 2025 206.712 9,899 216,611 Net book value AS at31 March 2025 1,023,692 994.617 As al l April 2024 Pa8e 16
The Abbeyfidd Colwyn Bay Society Ltd Nots tv th¢ Flnnelal Statements forthe Pthod Ended 31 Mareh 2025 10 TaDtlbl¢ Ilxed sets- SDdal Houslmg Grants Freeh•ld l¥•d xDd bulldlDES Cost As Qt l April 2024 and 31 March 2025 43,736 InY¢sments 2025 2024 Enve$ted Ihmg y GaiThl{Loss) on iUVEStrllellts 3(K).000 4.849 Debtors 2025 2024 Rcntsl debtors Otber debtors 11290 25,354 9.800 32.801 44,091 13 Crcdltors: AmoumtsfAlllni due withln offje year 2025 2024 Acttuals 20279 19,814 14 MtmbErs' ll*blllty The Chlty is aprivate company limited by guaTattte¢ attd consequently does nothave slwe capitsl. Eath of theme4llbers is liable to contsibllte an amountllot ¢xceedin8 £1 towaTds the as ofthe ¢harity in the event of liquidation. 15 P¢Mlon scheme Th¢ thlty OPBrates a defjlled CODtributioll pension 8th¢m& The pension co8t charge for the period represL% contnThuiions payabl¢bythe ¢barity to th¢ and arnouttt¢d to £4,717.36 (31 Marth 2024. £4.180.22). Unpaid pension Ctri1tiC atthc year end DUlEted to £968.38 (31 March 2024- £828.38). Pa8¢ 17
The Abbeyncld Colwyn Bay Sodety Ltd Notes to the Thnanclal St&tsments for the Period Ended 31 M&reh 2025 16 Reserv¢4 Rev¢nu¢ R&qerv¢ D¢slgnated Cycmtal Malntfflanee Rese¢ Totsl RuerYe8 Ruerv Ai i April 2024 Incow Expenthtstye 1.861554 689,788 (513.047) 1,861,554 689,788 (513.047) At 31 Marth 2025 2,038.295 2.038.295 Ree Ruerve Rutrfcted R¢s¢rves DeslgnAted Cydkl Rtservts RerVe At l April 2023 Incom¢ Exp¢ndiiure TraD8ter6 At 31 Marctri 2U24 1.645.289 706,456 (490.190) 2Q.(KMI 1,666.189 706.456 (511,090) (20,900) 1.861. Rwtrlcted Reserves Three restricred reserves were held at the year end. TheJ Craven legacy whi¢h was received for the benefit of Whitehail Road Ibalallce at Y end £35.085) alld The Glan CwY Gralltwhich wag received for property imwoverlleniworks on all three woperties tbalance ar year end £41,454). the remainin8 £832 whi¢h wa8 iran8fere41 oul back out of revenue reserves this year relates to Co4)p Community 17 So¢ialHousitig Grattts and Outstat]ttg mgagE tharges may becomerepayable wben changes in thBU5e of the prqjety rneatt thcprapffj eitber no lon8erbEillgugcd by a RSL or in 8ccordan¢ewith tlL¢ tajus ofthe ori&llal agreements. 18 AeeommDdxtloD Unlts Yesr ended 2025 YeAr ended 2024 Support¢d housitig lts 27 27 ReCOnliatIOn ofllet movement ID tuDIi8 ts net Csh liow from opersthig *ctlvltie8 Yeor ended 2025 Year ended 2014 Nei (exp¢ndiwreyin¢ome fot th¢ y¢4r Adiustmehts for. IDve8tment Incl)¢ 176,741 195,366 (4.849) 9.899 (8,937) 445 (17,355) 9.605 (26298) 5.715 (6275) (JnL¥easey Dr(r iti dtbt(Ks Finance incoms Nerca8b {u5ed inyprovided by opetating activities 155,944 178 113 Page 18
The Abbeyfjeld Colwyn Bay Sv¢icty Ltd Note8 to the Mnancial St&tements for the Pttiod Ended 31 Marth 2025 20 AnatyH$ of n¢t 258ets betwevn funds Revenue Re¥erYe Restth¢ed Rest¢1 Total Reserve6 21125 Tattwljle f&1&&eL 979.956 773.769 (20.279) 979.956 773.769 (20.279) CuTrent liabili¢ie8 .73 R¢v¢mocReserye Rejtrleted Re8erve• Total Reservts 21124 Tangiblc fred ass¢ts 950.881 93Q507 (iJ.834) 950.881 930507 (19,834) CUTh£[ liabilitics 1.861,554 1.861.554 21 Analysts of net fwnds Al 1 April 2U24 Fhandng cas hoivs As 31 Marth 202S Cash at bank aDd in halld 895.353 (165.67*5) 729,677 Nei sUlUS {deb¢) 895,353 1165.6761 729 677 At l Aprli 2023 FknanelDg eash As 31 Marth 21124 C&th at battk and itt hand 710.965 184.388 895.353 Ndswplus (Ikbt) 710,965 184J88 895,353 12 Relatsd tiarty transadioms Th¢rchav¢bEen no rdatrd p4rty tra[48 ill thr orprcviow reporting petiod. Page 19
Tbe Abbeytldd Colwyn Bay Sotlety Ltd Detalled Ineome and E%pendltUTe Account for th¢ P¢rlod Ended 31 Morch 2025 ye ended 2•2S Year ended 2024 Turnover ShdtLThI housÉn8Tentsl In¢{¢ 611.719 527,486 5,906 616,714 533J92 Operathig Costs FoLxI Housthold purdias Wag¢g #lld salarics Staff MC (Employ) Staff pensions Statrknining and recrnitment Ratrs al water Heating ¢08fs Electricity Ill8ur8mce Cardtoe alarm 8¢rvice General maintellat Upkttp of groullds Pla1]n mainwiance Contract and service costs Td¢phorte fa Printin& poslage and ationery Affiliation feeA Suttthy expthse8 Ttwe¢ n)eetiDg and tsavel Travel and subsistcll 46.547 5.986 286.900 15,558 4.717 854 20.161 14,375 43,625 12.168 4.179 10,736 5.852 EO,675 8.951 6.223 704 72 1.823 43.186 7,250 268,698 1300 4.180 219 18,195 12.471 39.952 12928 1,319 16,585 3.670 38.097 8,757 6,421 792 1,126 13 160 1..934 38 1.880 The audii of the ehttritys attn11 aeewntA Auditors, mnCtion - t)on audi¢work 714 219 9.899 chargex Depreciation Df frdold prDp 177 9.605 513.047 511.089 Operatkng $urpl 103,666 22.303 Iprttest retelv*ble and oiher In¢ome L¢ga¢ics and bcqu¢s App¢ais and donations Job ret47tti sctKm¢ Profi¢ on inve6iment revahtIon Tnterest on cash deposits 871 50,000 16&548 240 4,.849 17.355 6,275 173,063 Surp$ forthepeTlod 176,741 195,366 This pag¢ do¢snotf(Thpart of th¢ ststutory fiuaDGial statana Pag¢20