REGISTERED COMPANY NUMBER: 00704595 (EnglaDd and Wale5) REGISTERED CHARITY NUIlBER. 221563 THE ABBEYFIELD WALTHAM ABBEY SOCIETY LIMITED imlted IJ Guaralltee REPORT OF THE TRUSTEES AM) tJNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 AIWYDS LLP Crown House 151 High Road Loughton Essex IG104LG
THE ABBEITIELD WALTHAM ABBEY SOCIETY LIMITFD IMITED BY GUARANfEE CONTENTS OF THE FINANCIAL STATEMENTS for the ear euded 30 Se tomber 2023 Pa8e R4)ort of the Trustees I to3 Independent ExaminePs Report Statement of Financial Activities Ba]ance Sheet Notes to thc Finanual Statem¢rtt$ 7t0 13 Detailed Staiem¢nt of Fillan¢ial Activities 14
THE ABBEYFIELD WALTIIAfvi ABBEY SOCIETY LIMrrED LIMITED BY GUAEL4NTEE REPORT OF THE TRUSTEES for the egr ended 30 Se tember 2023 The trurtces. who aTe also director5 of the chgrity for the purposes of the Companies A¢t 20065 pfc5Ent their report with the rancIal statelnents of the charity for the year ended 30 September 2023. The financial statements have been prepared in accordance with applicable law and the requirements of the AccouDtiog and Reporting by Charities.. Statetnent of Recommended Practice applicable to charities preparing their a¢¢ounlS in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffectiv¢ l January 2019). REFERENCE AND ADMINISTRATJVE DETAILS Reglstered Compally number 00704595 {England and Wales) Registered Charity Jtumber 221563 R¢gl$t¢red offiet Warburton L(yJgc Meadow Cros5 WalthatD Abbcy Essex EN9 3DJ Trustees G Negus V Davis Steed llldep¢vd¢nt Examlller J A Rickler, FCA Alwyiis LLP Crowll House 151 High Road Loughton Essex IGIO 4LG Bankers HSBC 45 High Street Hoddesdon Herts ENII 8TA STRUCTURE, GOVERNANCE AND NIANAGEMEW GoVer1ng document The chgriry is controlled by lis goveming document, a deed of trust. and constitutes a limited company. limited by guarant¢< as defjnrd by the CoTnpanie5 A¢t 2006. Recruitme]Et and appointmellt of nesv trustees Possible eandidales for Trusteeship are usually known and nomin&ted by existing Trustees and appointed by the Trustees as body. In tuture il may be de¢ided 10 advertise vacan¢ies. Risk maDagemeDt The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls arE in place ¢0 provide reasonable assuran¢e against fraud and error. Page I
THE ABBEYFIEI LD WALTHAM ABBEY SOCIETY LIMITED IMITED BY GUA1i4NTEE REPORT OF TRUSTEES for the ear ethded 30 Se tember 2023 OBJECTtVES AND ACTIVITtES Objectives and organisatio Abbeyficld is a countrywide charity, which was ¢r¢2ted by Ri¢hard Carr-Gornm in 1956 witb the ethos of providing hom¢s for'the lonely elderly a principle which is still the mission of oursociety. We offersheltered accommodation inourmodem PU4)ose-built home set in its owll grounds. The object of the charity is to provide supportive bousing for older p¢ople ill need of aCCoD0datIoH. We aim to provide a safe, warm and raring environment whiGh seeks to tneet the individual needs of each r¢sid¢nt. In providÈng this we recoglli5e IhE value and Uque Itfe experience of each person and treat everyone with kinthiess. dignity and respect. Our ho]ne is a happyartd friendly pla¢4 wher¢resident5 havethe opportunity to make new friends, but still livetheirown liv&4, with support. The two houw occupied by the charity are usually staffed by a paid HousB Manager. cooks and home a5Si5t8nts. Ail our staff seek to ensure that our provision of care i5 of the higJ1¢5t quality and meets all the regulatory stardards. The addresses of the two hou5ts are.. WaTburton LodgA Meadowcrosl Waltham Abbey, Essex attd Clarissa Lodg4 Nleadow¢ro$s, Waltham Abbcy, Essex. Due to the nllmber of voids and oonsequent lack of incom4 wc had to re5tru¢ture our workforce. the reilling Trustees are comrnitted to redecorating the va¢3ni rooms and fillittg th¢se with oew residents, from advertising and referrals as soon as pOb]e. Trustee5 are also looking for other ways to reach out to our COmTnunity and provide additional service5. The Trustees have met regularly througbout th¢ year and are all very coTn]nitted to tbe welfare of the residcnt5 and th¢ well- being of the staff. In the ¢oming year we will endeavour to continue to provide 8n excellent standard of car4 we will aim to fill our vacancies and look to provsding outreach services to our ¢ornmunity. PUBLIC BENEFIT The TSt¢eS have paid due regard to the Charity Commission's guioance on publiG benefit. The Society provides 8 publi¢ benefit in accordan¢e with its objectives. FThANCL REvw Reserves policy ID the context of the company's relatson5hip with tbe chaTity of Mabel Clarisse Warburton, the directors have establishEd a PDli¢y of nionitoring the levels of funds to ertsre that the cojnpany is able to colltlllllp its current activities. The directors consider that unre5triaed res¢rv¢s of at least £IOO,000 ar¢ required lo rAable the charity to Continue its activities at thc present Icvel. Tbe CUTFent level of free reserves i$ £66.369 wbi¢h isbelow thel¢vel sel by the thjstees. Thehigh level ofvoids and thedramatic increase in repasrs. food, 8a5 And electricity pri¢¢s are causes for concctn and the TStee5 tre closely monitoring the cash reserv¢5 and future operating plans. tNVESTMENT POLICY AND OBJECTIVES The major asset of the Society 15 Its houses. Cash at bank is the Society's liquid a55et and interest bwing bank account is used to gEn¢rate income on surplus fill)ds. COIF ChaTSties Ftxed Interest Fund- Income Units are also beld to maximise income whi]st preserving the capital of the inv&8tment. 60% of the units were cashed in during the year, to provide additional working capital. Page 2
THE ABBEYFtELD WALTHAM ABBEY IMFTED BY GUARANTEE OCIETY LIMITED REPORT OF THE TRUSTEES for the ear ended 30 Se temb¢r 2023 STATEMENT OF TRUSTEES RESPONSIBILITIES The trusttt5 {who are also the director5 of The Abbeyfjeld Wèltham Abbey So¢iety foi the putptsses of cornpally lawl are responsible for preparing the Trustees, annual report and the financial statements in accordance with applicable law and regulations. Cotnpany law rrquires the trustees to prepaTe financia] statements for each financial year. Under that law th¢ tru5tee5 musl preparethe financial statetnents in accordancewith Ullited Kin8dom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trnstees must not approve the financial slatemellts unless they are satisfJedth2t they give a Irueand fair view of the state of affairs of the ¢liaritabletompany and Df the in¢oming resour and appli¢ation of resour¢e4 in¢luding the in¢ome and expenditur4 of the Charitable company for that period. In preparillg thesE fjnancial statEment& th¢ trustees arc required to.. select suitable accounting policie5 and then apply them con515tently,' observe the method5 principles in the Charity SORP., make judgernents and accounting estimates that are reasonable 2nd prudent. state whether applicable UK Accounting Standards have been followed, sUbJt to any material departure5 disclosed ad explained in the financial statements,. alld PTepare the financial slalemtnts on the going ton¢ern basis un1¢5S it 15 inappropTiate to presume that the charitable compally will ¢ontinue in business. The trustees ar¢ re5ponsTbl¢ for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and dis¢lose with r¢asonable ac¢LTTa¢y at any tirne the financial position ofthe charitable company and enable tliern to ensure that the financial 5talement5 comply witb the Companies Act 2006. They are also responsible for safeguarding theassets ofthe coTrpany and hcnce for taking reasonable steps for theprevention and dete¢tion of fraud and other I¢glaritic5. The report has been prepared in accordance with the special provisions of Patt 15 of the Companies Aot 20(K> relating to Small Companies. ON BEHALF OF THE BOARD.. Twstee- Mr B Steed n ¢Jth/ Date.. Page 3
triDEPENDENT EXAMINER'S REPORT TO THE TRVSTEES OF THE ABBF.YFIELD WAL'fHAM ABBbY.SOCIF.TY LIMITED IMITED BY GUARANTEE Independent Ex#mlner's Report to the Trustees of The Abbeyfield WAltham Abbey Soelety LimÉted I report to th¢ tWStees (who are also Directors for the purpose of company12wl on rny examination of the fth&ncia] siatements of The Abbeyfield Waltham Abb¢y Society Limsted I'the charitable wmpany'l for the year ended 30 S¢plember 2023 which omprise the Statenent of Financial Activities, the Balance Sheet and rEIated note5. This report is made 501ely to th¢ ¢h8rity's trustees, 25 a body1 in accordan¢e with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matter5 1 aTll required to state to them in this Teport and for no other purpose. To the fullest extent pemitled by law, I do not ept or as5LtTre responsibility to anyone other than the ¢harity and the charity's tn]5tees as a body, for my work, for this report. or for the opinions I have formed. Responsibilitie5 and basis of report A5 the trust¢es of th¢ charitable company you aTeresponsible forth¢ preparation of th¢ fatI¢la1 statements in accordance with the requii¢ments of the CompanÈes Act 20061.the 2006 Aet'l. Having satisfied myself that the financial statements of the charitable company t not required to be audited under Part 16 of the Act and are digible for indq)¢ndent examination, I report in respect ofmy examination oftht chAritable conpany's financial statements cattied out under section 145 of the ChaTitie5 A¢t 2011 {'the 20 11 Act'l and in carrying ollt my examination I have followed all the applicable Direetions given by the Charity CoDJmi&sion under 5e¢tion 14515Xb) of tbe 2011 Act. An indcpendent cxaTnination does llot involve gathering all the cvid¢n¢e that would be rcquired in an audit consequently docs not tover all tbe matter5 that an auditor consider5 in giving their opinioD on the fanCIal statements. The planning and conduct of an audit goes beyond the lirnittd assurance that an independent examination can provide. consqUtIY l express no opiniori as to whether the financial 5tatemeots present a'twe and fair, view and my report is limited to those SPeGifi¢ matter5 set out in the indcpendent cxaTniner's stat¢ment. Independent examlller'5 5t8tsment I confimi that l am qualifiedto undertak¢theexamination becaust l am a M¢berof ICAEW, which isone of thelisted bodiG in section 145 of the 2011 A¢1. I have Cop]eted Tny examination. I confirm that no Tllateri matters have come to my attention in connection with the examination giving me causE to believe that in any material respect= accoiiniiJi8 records were llot kept LD r¢spt of the charitable COULpany as required by section 386 of the 2006 A¢u or
tbe financial statements do not a¢¢ord with tho$¢ recora5' or thr financial statements do not co]Dply with the a¢¢ounting requirements OF section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair view whi¢h is not tt matter considered &s part of an independent eKamination,' or ihe financial Statements have not been PTepared in accordance with the methods attd principles of the StatetnEnt of Rtcornrnthded PraGti¢e for accounting and r¢porting by chaTitie5 applicable to ¢h2rities prcparirtg their accoullls in aceordance with the Financial Reporting Standard applicable in the UK and Repu]1¢ of Ireland IFRS 102)- I have TJO concerns and have come across no other matters ill contion with the txatnination to which attention shollld be in this report in order abl¢ a proper understdIng of the financial 5tat¢ment5 to bErea¢heiL A Rickler, FCA Alwyns LLP Crown House 151 High Road Lou8hton Essex IG104LG AEW Date.. Pagc 4
THE ABBEYFIELD WALTIL4M ABBEY SOCIETY LIMITED I1[TED BY GUARAINTEE STATEMENT OF FINANCIAL ACTIVITIES CORPOIL4TING AN INCOME AND EETr1D1TuRE ACCOUP4T for the ear ended 30 Se tember 2023 Restr5cted fullds IDoDatiolll 30.9.23 Total fuDd5 30.9.22 Total Fund5 Unrestricted fullds Restrietsd futLd5 Note5 COME AND ENDOWMENT FROM: Charitable a¢tivitie$ Supported living Donations Furlough grant receivable Invcstment in¢ome 283,372 389 283,372 389 24Q,594 747 2,3 [7 2.317 2.856 Tot#1 itteome 286,078 286,078 244,197 EXPENDITURE ON: Cbarit•ble gctlvities Supported living GOVernCe costs 311,312 29,793 311.312 29,793 302.028 22,146 Total expellditsre 341,105 341,105 324,174 Net ga2nsl(lo&ses) on investments 3.996 3.996 {16,002) Net {expendlture)fiDtome before ggln$ & losses (51,031} (51.031) {95,979) NET m0vELNT IN FUNDS io (51.0311 (51.031) {95,9791 RECONCILATJON OF Fuf4DS: Total fulld5 brought forward 550,905 575,086 35,000 1.160,991 1.256,970 TOTAL FUNDS CARRIED FORWARD 499074 574 086 35.00 1.109,96 1.160.991 Ail income and expenditure detives from continuing a¢tiwhes. Thc note5 on pages 7- 13 form part of these financial statements Page 5
THE ABBEYFtELD WALTILIM ABBEY SOCIETY LJMITED IMITED BY GUARANTE BALANCE SHEET At30Se t¢mber 2023 Restricted fund$ O)onatlon) 30.9.23 Total ruDd5 30.922 Totsl fitnds Unrestricted funds Restrlcted ds Note5 FIXED ASSETS Tangible assets Investments 435.196 34,419 575.086 1,010,282 34,419 1.029.206 89.058 469,615 575,086 1,044.701 1.118,264 CURREIYT ASSETS Debtors Cash at bank and ID hand 50,987 {5,423) 50.987 29,577 32.438 26.304 35,000 45,564 35,000 80,564 58,742 CIiEDITORS AmotULt fallin8due within on¢ year (15,305) (15.305) (16,015) NET CURREFIT ASSETS 30.259 35.000 05,259 42,727 TOTAL ASSETS LESS CURREFIT LLIBILITIES 499,874 575.Q86 35,000 1,109.960 1,160.991 NET ASSETS 499.874 575,086 35,000 I,IIVJ,960 1,160,991 FUNDS UDrestricted fimds Rcstri¢t¢d fi]nds {don&tion) Restricted fllnds io 499,874 35,000 575,086 550,905 35,000 575,086 TOTAL FUTr4DS 1,109,960 1,160,991 For the Rnancial year Cikd¢d 30 September 2023 the charitable tompany was entitled to exemption from audit Under Sectaon 477 of the Comp2ni£s Act 2006 relating to small companie5 and no notice has been dep08ltcdunder section 476 of the Act. The directors acknowledgc tbeir respon5ibiliti¢% for ensuring that the charitable ¢omyally keeps a¢counting records which cornply with section 386 of th¢ Act and for preparing accounts which Bive a true and fair view of the stat¢ of affair5 of tli¢ cbaTitable ¢ompany as at thE end of the financial year and of its surplu5 or d¢fi¢it for the fmancial ycar ui accordance with the rquiremenls of the Companies Act 2006 relating to accounts, $0 far as applicable to the company. These fmantial statements have been prepared in a¢¢ordaDce with the special provisions for Small COllLpanies under Part IS of the CoTrpanies Act 2006. The fanCIal statements were approved by the Board of Trustee5 and authorised for issue on sied on its bEh8lf by.. 2024 and were Trustee- Mr B Steed Company registration no: 00704595 The note5 on page5 7- 13 fom part of thes¢ fmallcial stalEmeots Page 6
THE ABBEYIIIELD WALTIL4M ABBEY SOCIETY LIMITED IMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS for tILe vtar ended 30 Se te¥nbtr 2023 ACCOUNTING POLICIES Accouutillg Convention The financial statements of the Charitable Co]npany* which is a public entity under FRS 102. have beell prcpared in accordance with the Charities SOtiP IFRS 102)'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chaTities preparing their accounts in accordan¢e with the Finanetal Reporting Standard applicable in the UK and Rq)ublic of Ireland IFRS 102) {effective l January 20191., the Charities Act 2011 and the COpanIeS Act 2006. The accounts have been prepared under the bi5torical cost ¢onv¢Diion as modified foT the valuation of tnveslmenl and on the basis it will conltnue as a going concern. There arc sufficient ree$ tts enable the charity to continuc to achieve its objectives for the foreseeable future. The financial statements are pre5¢nted in sterling and rounded to the nearest £1. Reduced disclosure ex¢mption Thc Charitable Company ha5 takcn advantage of the disclosure exemption in respect of the requirements of Section 7 "Statement of Cash Flow5" in preparing these accounts as perniitted by YRS 102 and the Charities SORP (FRS IQ21 Update Bull¢tin l. Income 15 recognised when the charity has entitleTn¢nt to the funds, any perforn)2nce conditions attathed to the item(s) of income have been met. it 15 probable that the income will be r¢¢eived and the amount can be eaSured reliably. Income from charitable a¢tivilie$ arise mainly from residents fees for aCCoOdatIon and food and accounted for on a re¢¢ivable basi5. Income from investments 15 in¢luded in the year wh2ch it is receivable. Eipendlture Liabilities are recognised as expellditure as sooll as there is a lega] or constructive obligation coinmitting tbc charity to that expEnditur< il is probable that a transfer of economi¢ benefits wtll be required ID settlement and the amount of the obligation Can be measured reliably. Expenditure is aGwUnt for on an accruals basis and has been cla5sifi¢d under headings that aggregate all co relgted lo the category. wh.re costs cannot be directly attributed to particular ELeading$ they have b allocated lo activities on a ba515 con51Stent with the use of resources. Governanee ¢05ts These rtpiesent those costs attributable to the managemeni of rhe charity's assets. organisational administration and compliance with ¢onsEilutlODal and statutory requiretnents. Tangible fixed assets Tangible fjxed zssets are initially measured ai CO and subsequently measured at C05t or Valuatio net of depreciation &nd any impaiment losse5. DepTe¢ialion is recognised so as to write off the cost or valuation of assets le5S their residual values over tbeir usefvl lives on the following base5'. Freehold property Freehold land Fixtures and fittings ?% Dn cosl -NIL - 20°h on cost The gain or loss arising on the disposal of an asset 15 deteTtninrd as the differen¢e between the sale pro¢Eed5 and the carrying value of the asset, and is credited or charged to profit or Ios5. Page 7
THE ABBEYFIELD WALTHAM ABBEY SOCIETY LITED IMITED BY GUARANTEE NOTES TO THF. FINANCIAL STATEMENTS for the ear ended 30 Se tember 2023 At Vdch reporting period end dat< the chuTity reviews the earrying amouttls of its tangible assets to deternjine whethcr there is any indication that those as5et5 have suffwed aD irnpairnent1055. If any surh indication cxists. th¢ recoverable aOunt of the as5el is e5timal¢d in order to dEtEtmin¢ the exlenl of the impair[nt loss lif anyl- Where it is not possiblc to ¢stimate the reroverable amount of an individual asset, tbe cotnpany e5tirnates th¢ recoverable atDount of the ca5h-g¢nerdting unit to whi¢h the asset belong5. IDvesttnents ]nve5tments aTe measured initially at cost and subsequ¢ntly at fair value (their market value) at thr balance sheet date. The SOFA iDGludes the net gain5 and105ses arising on revAluations and disposals throughout the year. Cash at bank Ind In hand Cash at bank and lli hand includes,. bank Current accounts alld bank deposit accounts with DO Wlthdrawal lirnttations. Creditors Creditors are recogni5cd where the charity has a prtscnt obligation resulting from a past event that will result in the transfer of fimd5 to a third party and the amount due lo settle the obligatTOn tan be measured or e5timatcd reliably. Cre(titors are recogllised at their settlement amollttt. Financial IDstrumelltg Financtal as5et5 and financial liabilitie5 aT¢ rttognjsed in the stenLt of financi21 position when the charity be¢umes a paty to the contractal provisions of tbe instrnment. TTad¢ (including residents, fees} aDd other debtor5 and ¢redilors are cla55ificd as basi¢ firtanciaI instruments and tneasured at initial recognition at transaction price. Debtors and creditors are 5ubs¢qu¢ntly measured at amortised cost using the effective interest rate method. A proM5ion is established when therE is objective evidcnce that the charity VAII not be able to collect all amounts du& Cash and cash equivalents are cl8S5ified a5 b35io financial instruments and COpriSe ¢ash ID hand 2nd at bk. short- tem bank deposit5 Wlth an original EDatUTity of three months or Ics5 and bauk overdrafts which are an integral part of the charity'5 cash management. Tatits The chaTity is exew.pt from COTporation tax on its charikblc a¢tiYities. Pa8e 8
THE ABBEYFJELD IVALTHAM ABBEY SOCIETY LIMITED IMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS- coffflNUED for the tar ¢nd¢d 30 Se tember 2023 ACCOiINTING POLICIES (continued) Bire purchase and le9siDg commitsnents Rentals pzid under operating leases arc charged to the Stal¢ma)t of Fittonci81 Activit5&% on a straight line basis over the period of the lease. PeD$LOD ¢O$ts other p05t-retiremellt benefits The charitable company operates a dered tonlnbution pension scheme. Contrtbuhons payable to the charitable company's pension scheme are charged to the StateTnent of Financial Activities in the period to which they relate. Fund aceountillg Unrestricted funds can be vsed in accordance with the charitable objectives at the discretion of the trustees. Resth¢ted funds can only be used for particular restricted puJpose5 within tbe objects of the charity. Restiiction5 arise when Specified by the donor or whell fi]nds are raisEd for particular restricted purposes. Further explanation of the nztllrc and purpose of each fund is included in the notes to the fmancial statements. VAT VAT is not recoverable by the Charity and a5 such is in¢ludal in the relevant cost in these finan¢ial statements. Guarllltee stgtus The tompany is limild by guaralltee whereby each metnb¢T of the company undertakes to contribute to the c()mpany, in the event of a winding up. while they are a member QT Wlthin one year after thcy cease to be a tnember. such asnount as maybe rquired llot exceeding on¢ pound. At 30 September 2023 there were 3 member5 {2022 - 3 rnernbersl. INvTMENT INCOME 30.9.23 30.9.22 Deposit account interast 2.3 17 2,856 NET lOtrrGOtNG) RESOURCKS Net rt50urces ar¢ statd after charging.. 30.923 30.9.22 Independent examiner'5 fee Depreciation- owncd assets 4,192 19,474 4,415 20,645 TRUSTEES, RELWUN£RATION AND BErFITs There was no truslee5' remuneration or other benefits for the year ended 30 Septetnber 2023 nor for the year ended 30 September 20?2. Trustees, Expell5es There were no Irustecs, expenses paid ft)r the year ended 30 SepieTnbcr 2023, nor for the year ended 30 September 2022. Pag¢ 9
THF. ABBEYFtELD WALTEIAM ABBEY SOCIETY LIMITED IF+qETED BY GUARANTEE NOTES TO THE FtNANCTAL STATEMENTS- CONTINUED for the tar ended 30 Se tember 2023 STAFF COSTS 30.9.23 30.9.22 Wages and Salaries Employer's NIC Employer's pensioD contributions 158.186 4.578 2,444 206,425 1,915 1,654 165.208 209,994 No employee earned rnore than £60.000 per snnum (2022-nont . The average MOntY llumber ofemployees during theyear was as follow5: 30.9.23 No. 30.9.22 Charitable activities AdministratlOD 15 14 16 Thcre are no key employees. TANGIBLE FIXED ASSETS Fiitures. fittiDg5 & equipn]ellt Freehold property Totsl$ COST At l O¢tober 2022 Additions 1,184.649 190,939 550 1,375.588 550 At 30 September 2023 1,184,649 191,489 lJ76,138 DEPRECIATION At l OctobEr 2022 Charge for the year 176.823 8.693 169.559 10.781 346,382 19,474 At 30 September 2023 l85J16 180.340 365.856 NET BOOK VALUE At 30 Srptejnber 2023 999,133 11,L49 1,010,282 At 30 September 2022 1,007.826 21,380 1.029,206 Included in c05t or va]uatioD of land and building is freehold land of £749,990. PaBe 10
THE ABBEITIELD WALTHAM ABBEY SOCIETY LIMtTED IMITF.D B Y GUAtL4NTEE r40TES TO THE FIP4ANCIAL STATEMENTS - CONTINUED for tbe ear ellded 30 Se tember 2023 ¥VESTMENTS 30.9.23 30.9.22 Value at 30 Sq)tember 2022 Di5P05al Net Unrcalised gainsl(losses) 89.058 158.635) 3,996 105.060 (16,002) Value at 30 Sept¢tnb¢r 2023 34,419 89.058 The book ¢ost of the investment at 30 Septctnber 2023 is £60.000 (2022: £110.000). DEBTORS: 30.923 30.9.22 ReSdentS fees due Other debtors and pTep2yments 28.498 22.489 16,624 15.814 50,987 32,438 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.23 30.9.22 Trade creditors other ¢r&litors Accrucd expense5 2,996 1,516 10.793 3,49 2,391 9.875 15,305 16.015 io. MOVEMENT IN FUNDS Net movejnent in fullds, included in the above are as follows.. (IKJs8) illvestn)ent MovemeDt in funds lllcome Expendithre 2021122 Unrestricted fullds General fund 244,197 {324.1741 (16,0021 195,9791 TOTAL FUNDS 244.197 (324,1741 (16,0021 {95,979) Gai investmetlt Movement ID fulld5 Illcome Expeudlthre 2022123 Unrestritted fund$ General fvnd 286,078 {341,1051 3.996 {51.031) TOTAL Fuf4DS 286.078 (341.1051 3,996 (51.031} Pagell
TUE ABBETrTIELD WALTIIAM ABBEY SOCIETY LIMITED LIMITED BY GUARANTEE IYOTES TO THE FINANCIAL STATEMENTS- CONTINUED lor the 'ear ended 30 Se tember 2023 io. MOVEMEf4T IN FUNDS Net movement io fllnds At 30.9.21 At 30.9.22 Unrestricted fuDds G¢neral fund 646.884 {95,9791 550,905 Restrleted fullds Mabel Clari5se Warburton general fi]nd Mabel Clari5se Warburton TCSttiGl¢d fid Miss Durell Leg3¢y 556,186 18,900 35,0(10 556,186 18,900 35,000 TOTAL FUNDS 1256,970 (95.979) L.160.991 f4et ovement At 30.9.22 At 30.923 UDre5tricted funds General fund 550,905 (51.031) 499,874 Restricted fund5 Mabel Clorisse Warburton general fvnd M8b¢l Clarisse Warburton restricted fuDd Miss Durell Legacy 556.186 18,900 35,000 556.186 18.900 35.000 TOTAL FUP4DS 1,160,991 (48,452) 1,109.960 ii. BELATED PARTY DISCLOSURES On the 12th August 2003 the thaTiti£s of the Abbeyfirld Waltharn Abbey Society Lirnited (by guaTalltee) and The Charity of Mabel Claris5e Warburton weF¢ givu pBrmission by the Charitie$ CoDllDissioners to act alld rq)ort as olle entity through a uniting direction. Pag¢ 12
THE ABBEYFIELD WALTHAM ABBEY SOCIETY LIMITED IMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMELYfs- CONTINUED for the eAr ended 30 Se tember 2023 12. PRIOR YIiAR STATEMENT OF FINANCIAL ACTtvtTIES Restrlcted fuDds (Donation) 30.9.22 Total funds 30.9.21 Total Funds Unrestricted funds Restricted funds No¢e5 NCOME AND ENDOWMENT FROM: ChRritable aetivlti¢s Supported living Donètion5 Furlough grant receivable Inve5thent illeome 240.594 747 240.594 747 266.527 2,856 1,465 3,189 2,856 Total iTkcome 244.197 244.197 271,181 EXPENDuRE ON: Charitable activities Supported livillg Governance costs 302,028 22,146 302.028 22,146 296,094 15,979 Total expendithre 324,174 324,174 312,073 NEt 005sesl oll investmcnts {16.0021 (16,002) (6,2011 Net (expenditurellincome before gains & losses (95,979) (95,979) (47,093) NET MOVEMEF4T IN FUNDS io {95,979) (95979) {47,0931 RECONCILATION OF FUFqDS: Total fund5 brought forward 646.884 575.086 35,000 1.256,970 1.304,063 TOTAL FUNDS CARRIED FORWABD 550.905 575,086 35,000 1,160,991 1,256,970 Page 13