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 R￿cret￿ 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 ￿t￿￿la1 staton￿ts. Dctailed Income alld Expendits￿r Accou￿1 Lo 12É019 20 The Abbeyfield Colwyn Bay Soclety Ltd R¢ference and Admlnl8tratlve Details Ch&rlty D*m¢ The Abb￿fi￿￿ col￿ryn Bay Society Lrd Ch•]lty r¥gl8trRtJon nURDber 213120 CompAlly re%lstratltsn nMmbEr 00679607 Assod*tion regl$tr4tiDn numb H022 Trnstees Mrs B A M W&tsvn MrJNBarry Mr G R tlice MT8 J Pe]ham Mls J R Hough Cener*lManxger Mrt*A H8o￿lett Setret*ry Mrs A Hamblett Reglstered Offie¢ 10-12 Alexandra Road Colwyn Bay Convry North Wdes LL29 7YB BAnlrers BardLyg Bank S4 MaEtyTr Strc Liandudno Conwy North WaL&% LL30 2SH Auditors Aston Hugbes Ltd Sclby Tow 29 Princes Drive Colwyn Bay Conwy North Wales LL29 8PE Pag¢ I The Abbtyfiejd Colwyn Bay Soclety Ltd Trnstee8' Report Th¢ TNstees, who are diiectors tor tbepurposes of c(fjnpaDy law* presents their teport and ￿dIted fllwIBial 5tatenKnLS for the year ende4131 March 2025. Prlnup41 Aedvlll¢8 Th¢ ￿ltiCIpal xtiwity of the ¢ory?any iti theyear of revi¢w wos that of the provision of thelteredhowing fortht eldcTty. Strurthrfy GoYernAn¢e ind Manx%ement Covernlng D￿L￿]￿ent The or8ani8ation is limited by guar4ft¢ee. Tt was incorporated 4th January 1961 and rEgL6rered as a charity 30th November 1962. Th¢ organI￿ll0ll is a150 a rcgisteTd Social Landlord attd is govtzlled by its Mcmotalldum and Articles of Association. Rtl*ted Pardei Wbiist thc orgonisation 1$ a member of the Abbryfieid Society it operates in an autonomous m•nllU. Ory*nlsallon 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&$ary. The Board of TNstees are responsÉble for the leader6hip. str￿eBY and all major decisions of ihe charity, the day to day nuwing of the Charity is ddegated to the the AdllJirÈ depArts￿t the Gcocral and House MaD88er4 wbo ar¢ all viewed &$ k¢y mana8anent persDnnd. Rt¢rnlbwe•t *nd appolntmvnt of trii$t¢es Tn￿tet$ are nomina￿] by the currellt Board, w0vid￿l thry me¢t the critrria basd on the needs of the Charity. Job descriptiott at]d handbook. together with relevattt infornMtirnaboutAbbeylield SEllt LL7 the prOsp￿tive 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¢ organi￿l￿tt is exposeA (includiog those poÉcd by titwicial instnllne￿ts) and to ensur¢ appTopriate c￿tr0]S Inp]￿ Lopmvlde rea8(mable &%ywance asaitisi fraud and eiror and safe8uaTd a5set&. Theclwity's. Incon￿ is a￿Endent ott oc¢upatt¢y Icvel& in (*d¢r lon￿K1￿1$¢ tbe level of ineonye tbe Irustec8 review at n¥)nitOT levels. ￿ th¢ ptyaod under Mryew llwgcment haveproved eft¢￿1ve in m&intaining 4 hlgb leve]. The gelltyyal r￿¢￿¥ kn maintaiti¢41 Itt SULh tu ¥nabl¢ work vf tlLC Ur￿ll1$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 r￿l¢w, morbthly ¢Th￿te¢ 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¢ a￿d shdttr for tbe eldalyy asw¢ll as it& supponing arlivities Ilave a dIr￿t 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￿ and1npla￿lLllg the future activities. Objtttlves Alms - Mis51on Statement ThE S￿1&Y ain)s to providc a peacefvl gnd ltie￿dIY lite stylcwherc re5tdfflts catt rnaintsin their independatcewhi18t livitig A¢hltvemeDts perf￿r￿Ance 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 S￿lety no l(Mgtrhas asuest room. A (iecision w2É fj]adc to 8ccomo(latea pcmurt re8idellt as this Wollld lurr￿6C ther¢Ve￿lle forth Thehthws have be£n Th￿]n￿]ned to & high standrf all vacatyl rcrt)m5 decorated and new earpets fitt¢dwh¢re rffjlllr￿I but because ofthe high o¢oup￿cY 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 Ro*1 2. The publi¢ areas were decorated after the inslallation ofthe lift ot Alexander Road 3. New lumble dryerpurchased for Rhos Rc*d 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 approxima*ly l 0.6k ¢xtraper dq￿dIng 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 r￿tal from Telccare al￿ are covrted for all 22jaint￿att£C c(Ksts. A higher occupancy level for thc peritxl has resulted in t high s￿￿luS forthis twelveryrnonth period. Thr rcnl Inc￿Se redectul the ioflation I'atE and with fromthc W£]sb GovCrnn￿llt tbc ttustw to krcp th¢ Thr tnwee& are v￿Y pl￿ed with the financial pNfornwice ofthc charity as wdl a5 tILC Icvel of s￿iCC provided to residellts fortb¢ twdve months wi(Nl widcr r¢view. P14wfor the Futyrt The Soclety will continue to pro￿th a bigkn levd ot accoDx*Jation 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￿¢ r￿rVeS to ellknl¢ theproprytie5 to be tnjitttained to d high staudor¢ 8T￿ to tund Capital investm¢nts. The casb ra￿ve 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 Re￿onsIbl￿tIeS ThetruSt￿5 (who are also the di￿torS of Th¢Abbeyfidd Colwyn Bay &￿iety Ltd for the purposE5 of wnpany law) are re&rKM]siblc foTprewing thc Report of thr Tft￿28 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¢fr￿￿1 sf&*ments forcacb fitsattciai yw. Undrr corroany18w thc t￿￿tts 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 f￿anCial 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 Chan￿b]e Company and enable th￿t0 eAJsure that the F￿ancial 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 b￿cefor takIn8r￿o￿abIe stEPS for theprevaltirn and detcctton of Itaud and oth¢r irregulgritics. Diid09ure of Infurmatlon to Audltors Each trus*e 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 th2tinfon￿Qll. 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-appointn￿l ￿ 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 beE￿IrbY.. (hlr8 B A M Watson) Tn￿tr¢ 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 St*ett*ut 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 Re￿rtIn¥ 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￿[1￿1y,s affairs ￿ at 31)Aarch 2025 Hnd ofits resthtorthe ye4r have been propertyprepared in a¢¢ordan¢¢ wth Uni*d Kingkn Generally Accepted Act￿￿tIng Pra¢ri¢e' and h￿ve beeo prepwed in ￿o￿tanCe wilh the requirements ot th¢ Comparties A¢t 2006. Bg11s for opitilon We conductrd audit accordallcev1Trth]Dten￿￿naI Statsd8rd5 onAuditiDg (UK) (ISAs {UK)) applicable Our responsibilitie5 undw those s￿ndardS Are ftthcr dcstsrikd irh th¢ Audrtor'$ responsibilities for the a￿￿toethe 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¢th￿the &udit ￿IdenCe w¢ h&v¢ (&taIn￿ is suffJGietttand approFrtiatr to provide a buis tor our opilltotL o¢htr IDfDrfflatlon 8tatanettts our audiwr'5W*Ort thereoL Th¢ uwste¢J are wponsible for the rtherinf(miion C￿lIal￿ed within th¢ anttuai repotL 1knopini￿) on th¢ fiJancial stst¢nwity doBgnoteoverthe otts￿ info￿atiOnall(l, ¢xcept to the ¢xt¢n¢otberw&se explic1￿Y itated in our repor( we do noteKpre8s anyform of k86wattce cott¢h￿l0￿ d*reoo. repre£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¢ Fln*nelal 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¢s*ments 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 Ch￿lty 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¢ th￿lty OPBrates a defjlled CODtributioll pension 8th¢m& The pension co8t charge for the period repres￿L% contnThuiions payabl¢bythe ¢barity to th¢ and arnouttt¢d to £4,717.36 (31 Marth 2024. £4.180.22). Unpaid pension C￿tri1￿tiC 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 R￿e￿￿e Ruerve Rutrfcted R¢s¢rves DeslgnAted Cydk*l Rtservts R￿erVe 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 C￿wY 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 m￿gagE 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 ReCOn￿liatIOn ofllet movement ID tuDIi8 ts net C*sh 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 D￿r(￿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 sU￿lUS {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[￿4￿￿8 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 attn1￿1 aeewntA Auditors, ￿m￿nC￿tion - t)on audi¢work 714 219 9.899 chargex Depreciation Df frdold prDp 177 9.605 513.047 511.089 Operatkng $urpl 103,666 22.303 Iprttest retelv*ble and oiher In¢ome L¢ga¢ics and bcqu¢s App¢ais and donations Job ret47tti￿ sctKm¢ Profi¢ on inve6iment revah￿tIon Tnterest on cash deposits 871 50,000 16&548 240 4,.849 17.355 6,275 173,063 Surp￿$ forthepeTlod 176,741 195,366 This pag¢ do¢snotf(Thpart of th¢ ststutory fiuaDGial statana Pag¢20