Reg. No. 00765860
THE ABBEYFIELD FULWOOD SOCIETY LIMITED
UNAUDITED REPORTS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
CHAMPION
Chartered Accountants
7-9 Station Road
He5keth Bank
Preston
PR4 6SN

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CONTENTS
PAGE
Registered Social Housing Provider Information
Report of the Executive Committee
Statement of Executive Committee r6sponsibilities
Accountants Report to Ihe Board
statement of Comprehensive Income (including Income and Expenditure Account) 6
Balance sheet
Notes to the financial statements
8-13

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
REGISTERED SOCIAL HOUSING PROVIDER INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024
Executlve Committee (Directors):
Mrs K L E Gibson
Mr B Walmsley
Mrs C Lowe
Company Secretayy:
Mrs C Lowe
Establishment:
The Society is governed by its
Memorandum and Articles of Association
and is a company limited by guarantee
Registered Offlce:
Howard House
352 Garstang Road
Fulwood
Preston
Lancashire
PR2 9RY
Bankers:
National Westminster Bank plc
292 Garstang Road
Fulwood
Preston
PR2 4RG
Accountants:
L Panchal FCCA
Champion Chartered Accountants
7-9 Station Road
Hesketh Bank
Preston
PR4 6SN

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
REPORT OF THE EXECUTIVE COMMITTEE
FOR THE YEAR ENDED 31 AUGUST 2024
The Executive Committee present their report, together with the Financial Stalemenl8 of the
Company for the year ended 31 August 2024.
OBJECTIVES AND ACTIVITIES
We have referred to the guidance wntained in the Charily Commission's general guidan￿ on
public benefit when reviewing our aims and objectives and planning for future activilies. In
particular, the Trustees consider how planned activities will Gontribute to the aims and
objectives they have set.
The object of Ihe charity is to provide the elderly with their own hom6 within the security and
companionship of small households which can provide focal points for goodwill and friendly
conlacl within the community.
STATUS AND GOVERNANCE
TheAbbeyfield Fulwood Society Limited is registered under the Companies Act as a Company
Limited by Guarantee (number 007658601 and is also registered under the Housing Act 1974
as being wholly engaged in housing activities as defined by that AGt. {Housing Corporation
registration number H2252). The company is also a registered charity (Number 229830}.
DIRECTORS I EXECUTIVE COMMITTEE
The Exeoulive Committee who served during the year and at the date of issue of this report
were:
Mrs K L E Gibson
Mr B Walmsley
Mrs C Lowe
(appointed Director and Trustee 15 May 2024)
Ms L Vvhitworth (resigned 31 January 2024)
Mrs M V Duckett (resigned 24 March 2024)
Mr J Robertson (appointed Trustee 24 June 2024)
Members of the charitable company guarantee lo contribute an amount not exceeding £110
the assets of the charitable company in event of winding up. The lolal nurllber of Such
guarantees at 31 August 2024 was 4.
RESULTS
The results for the year arising are as set out in the Income and Expenditure Account. The
Executive Commiltee considers that the state of affairs of Ihe SoGiety is satisfactory.

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
REPORT OF THE EXECUTIVE COMMITTEE (Continued)
FOR THE YEAR ENDED 31 AUGUST 2024
REVIEW OF THE YEAR
2023124 has seen some changes at the house in both staffing and committee, but through
these changes we Gontinue to provide excellent support for our residents.
Our housekeeper of many years, Hanora, retired this year. Wewere Sorry to lose her seTvices,
she has been a great support to the house and we offer her our thanks for all she did for us.
We appointed a new housekeeper, Julie and we are delighted in the way she has laken on the
role. Our team al Ihe house now consists of Julie as housekeeper, Julie as relief housekeeper,
Jane as cleaner and Sluart who has taken on Ihe duties of gardenerlhandyman following the
retirement of John - another great servant to the house we were sorry to lose.
During this year we changed our salary calculations. We are now linking all staff lo Ihe "Living
Wage" instead ofthe minimum wage, any changes to the"Living Wage. will be awarded to our
staff.
We offer all our staff our full support and look forward to working with them all as a strong team
led by Julie.
Committee changes have also occurred this year. LiRda, our Treasurer for many years
resigned in January and although we had a replacement for a few weeks, we needed to
restructure and bring in new committee members and trustees. We are grateful to new
committee members who have all joined us to bring their &xpertise, commltment and interest
to our committee.
The changes around the Treasurer role have been helped by our accountants - Champion
and our bank - Nat West, who have supported us. We look forward to the new year and
confirming the roles within our committee.
Within the house, we hava had some changes and in particular mlss Annie and Clifford who
have moved lo settings with more care. For a brief period this year wa did have 3 vacancies,
but since the summer we have been able to welcome new residents and are now in a much
better position. Welcome to our new residents, we hope they have a long and happy lime with
us. We have had some usage of the "short-stay. room which is proving to be a greal asset to
the house.
Residents outings and social evenls have now resumed wlth some excellent visits- St Annes
CaNery, Blackpool Zoo, and 10 pin bowling as well as in house get togelhers
Bingo and
Lancashire evening. All the event8 are well received and enjoyed by all, residents, slaff,
volunteers and family members. Thank you to all who help and organise in particular Julie and
the staff.
Howard House (Abbeyfield Fulwood) has a settled, hardworking slaff, a good team of
enthusiastic committee and a positive, friendly group of residents. Our property is in good
order, our finances are secure and we continue to receive positive reports. We look fomard to
2025 with confidence.

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
REPORT OF THE EXECUTIVE COMwfiTTEE (Contlnued)
FOR THE YEAR ENDED 31 AUGUST 2024
RISK REVIEW
The executive Gommitlee is continuing to review major risks to which the society might be
exposed and systems are in place to mitigate such ri8k8.
RESERVES POLICY
The society holds sufficient reserves to cover any normal liabilities and the policy 18 to keep
such reserves at an adequate level
STATEMENT OF THE EXECUTIVE COMMITTEE RESPONSIBILITIES
The committee is responsible for preparing the report and financial statements in accordance
with applicable law and regulations.
The Co-operative and Community Benefit Societies Act 2014 and registered social housing
legislation require the committee to prepare financial statements for each financial year which
give a true and fair view of the stale of affairs of the association and of ils income and
expenditure for that period.
In preparing these financial statements, the committee is required lo..
select Suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent.
stale whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the finanGial statements- and
prepare the financial statements on the going ¢onrErn basis unless il is inappropriate to
presume that the as8OGiation will Gontinue in busin8SS.
The committee is responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the association and enable il to ensure
thal the financial statoments comply with Co-operative and Community Benefit Societies Act
2014, the Housing and Regeneration Act 2008, the Accounting Direction for private registered
providers of social housing in England 2012, Charities Act 2011 and Companies Act 2006. It
has general responsibility for taking reasonable steps lo safeguard the assets of the
association and to prevent and detect fraud and other irregularities.
By Order of the Board
Mr B Walmsley
Mr J Robertson

INDEPENDENT REPORTING ACCOUNTANTS REPORT TO THE BOARD OF
THE ABBEYFIELD FULWOOD SOCIETY LIMITED
Independent rèportlng accountants, report to the members on the unaudited accounts
of Thè Abbeyfield Fulwood Society Limlled
We repott on the accounts for the year ended 31 August 2024 set out on pages 6 to 13.
Respecllve responslbllltles of the Board and reporting accountants
The Board of the Registered Social Housing Provider is responsible for the preparation of the
accounts, and they consider that Ihe Registered Social Housing Provider Is exernpt from an
audit. It is our responsibility to Carry out prO￿dureS designed to enable us to report our
opinion.
Basls of opinion
Our procedures consisted of comparing the a¢counls with Ihe aGcounling records kept by the
Registered Social Housing Provider and making such enquiries of the officers of the
Registered Social Housing Provider as we considered necessary for the purpose of this report.
These procedures provide the only assurance exprossed in our opinion.
Opinion
In our opinion..
the accounts for year ended 31 August 2024 are in accordance wilh the accounting
records kept by the Registered Social Housing Provider under paragraph 135(2)(a} of
the Housing and Regeneration Act 2008.,
having regard only to, and on the basis of the information contained in the accounting
records:
th8 accounts comply with the requirements of the Charities Act 2011;
the Registered Social Housing Provider has satisfied the conditions for exemption
from an audit of the accounts for the year ended 31 August 2020 specified in
section 136(3} of the Housing and Regeneration Act 2008.,
the Registered Social Housing Provider met the financial criteria enabling il to disapply
the requirement to have an audit of th6 accounts for the year specified in section 84 of
the Co-operative and Communily Benefit Societies Act 2014,. and
the accounts comply with the requirements of the Housing and Regen8ration AGt 2008
and the Accounting Direction for private registered providers of social housing in
England 2019.
Lucy Panchal FCCA
Reporting Accountant
7-9 station Road
Hesketh Bank
Preston
PR4 6SN
Dated..

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
STATEMENT OF COMPREHENSIVE INCOME {INCLUDING INCOME AND EXPENDITURE
ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Turnover
126,901
139,302
1143,261) (119,684)
{16,360)
19,618
(5)
16,813
Less.. Operating Costs
Operating Surplusl(Déficit}
Interest payable
Interesl receivable and sirnilar income
10,154
Surplu81{D6ficit) for the year
11
448
29,772
On behalf of the Executive Committee
Mr B Walmsley
b4LLB
Mr J Robertson

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
BALANCE SHEET- Reg No 00765860
AS AT 31 AUGUST 2024
2024
2023
Notes
Flxed Asgets
Housing properties - depreciated cost
Other tangible fixed assels
104,465
3,546
108,596
2,819
108,01q
111,415
Current assets
Debtors and prepayments
Cash at bank and in hand
4,516
499,245
503,761
2,775
498,193
500,968
Crèdltors: Amounts falllng due
withln one year
(3,742)
(4,801)
Net current assets
500,019
496,167
Total assets less current liabilities
608,030
607,582
Capital and reserves
Revenue and r8s8rves
11
608,030
607,582
For the year ending 31 August 2024 Ihe company was entitled to exemption from audit under section
477 of th6 Companies Act 2C(16 relating lo small companies.
These accounts have been prepared in accordance with the provisions applicable to companies
subject to small companies, regime.
Directors, responsibllltlès..
The members have not required the company to obtain an audit of ils accounts for the year
in question in accordance with section 478;
.The directors acknowledge their responsibilities for complying wllh the requirèmonts of the
Aot with respect to accounting records and the preparation of accounts.
These financial slalements W8r8 approved by the Executive Committeè on .
On behalf of the Executive Committee
Mr B Walmsley
Mr J Robertson
The anne
d nolos form part of these financial statements.

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PRINCIPAL ACCOUNTING POLICIES
General information and basi5 of preparation
The RSHP is incorporated in England and Wales under the Companies Act 2006 and is
registered with the Housing Corporation as a Registered Social Housing Provider (RSHP).
The address of the registered office is given on page 1 of these financial stalemenls.
The RP constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared in accordance with applicable accounting
standards including Financial Reporting Standard 102 The Financial R8POrting Standard
Applicable in lh6 UK and Republic of Ireland (FRS 102), the Statemenl of Recommended
Practice for Social Housing Providers 2014, and with the Accounting Direction for private
registered providers of social housing in England 2015. The financial statements are also
prepared under the requirements of the Housing and Regeneration Act 2008 and the
Companies Act 2006. The financial slalements have been prepared on a going concern
basis under the historical cost convention. The financial statements are pr8pared in sterling,
which is the functional currency of the RP. and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements
are set out below. These policies hav8 been ¢onsi$tently applied to all years presented
unless othe￿ise stated.
Turnover
Turnover reprèsents rental income and se￿1￿ charges r8c&ivable net of rent and servi
charge losses from voids, revenue grants from local authorities and the Housing Corporation,
and the disposal proceeds from current asset property disposals.
Flxed Assets and Deprèciation
Tangible fixed assets (including social housing properties) are stated at cost, less
accumulated depreciation and Social Housing Grant. Cost includes costs directly allribulable
to making the asset capable of operating as intended such as the cost of acquiring land and
buildings, development costs, interest charges on loans during the development period and
expenditure on improvements. Expenditure on irnprovemenls will only be capitalised when it
results in incremental future benefits such as increasing rental income, reducing
maintenance costs or resulting in a significant extension of the useful economic life of the
property.
Depreciation is provided on all tangible fixed assets charged over the expected economic
useful lives of the assets at the following annual rates..
Housing properties, houses
Fixtures & fittings
20h slraighl line
150/0 reducing balance
Major Gomponents of housing properties, such as lifts and warden alarm systems, have been
accounted for and depreciated separately from the connected housing property.
The useful economic lives of all tangible assets are reviewed annually.

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PRINCIPAL ACCOUNTING POLICIES (Cont'dl
Provlslons
Provlsions for cyclical maintenance or major works to existing stock are not made unless
Ihey represent commitments or obligations at the Balance Sheet date where there is no
discretion lo avoid or delay the expenditure.
Receipts in advance in respect of agreements to carry out improvement works on properties
on behalf of third parties are recognised in creditors unless it is appropriate lo offset such
balances with other balances relating to Ihe same third part in accordance with Financial
Reporting Standard (FRS) 5.. Reporting Financial Performance.
Housing Properties
Housing properties are principally available for rent and are stated al cost less any provision
for impairment (representing a diminution in the recoverable service potential of the assel
below ils carrying value in the balance sheet) less depreciation. Cost includes the cosl of
acquiring land and buildings, development costs, interest charges incurred during th8
development and 8xpenditure incurred in respect of improvements.
Works to Existing Housing Properties
Expenditure on exisling housing properties is capilalised when il is either capable of
generating increased future renls, extends their useful economic lives or significantly
reduces fulure maintenance costs.
All other expenditure in respect of general repairs to the housing stock is charged to the
income and expenditure accounls as it is incurred.
Property Dlsposals
Properties available for sale or Iransfer are Included in current assels. The disposal
proceeds from properties owned outright are included in turnover and the surplus or deficit
is accounted for in the income and expenditure account of the period in which the disposal
occurs as the difference between the nel sale proGeeds and the net carrying value.

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
io.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
TURNOVER
2024
2023
Residential Char
es
Rents receivable
126,901
139,302
Net surplus from social housing actlvities
126,901
139,302
Void losses
other Income
Interest receivable
Income from solar pan81s
Rent re￿1vable
11,359
1,479
3,841
1,400
16,813
10,154
OPERATING SURPLUS1 DEFICIT
Operating Surplusl Deficit is stated after charging:
2024
2023
Depreciation and amortisation of owned assels
No emoluments have been paid to the directors during the year.

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
11.
NOTES TO THE DETAILED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
OPERATING COSTS
2024
2023
Employee costs
Food and household costs
Rates, insurance and licences
Healing, light and cleaning
Repairs and maintenan
Office and sundry expanses
Residents Christmas party and outings
Helpline costs
Affiliation fees
Accountancy
Depreciation of property
Depreciation of fixtures and fittings
55,661
23,025
9,255
13,876
22,121
4,472
1,009
1,289
2,667
5,098
4,131
657
143,261
48,114
26,985
9,062
6,356
14,648
2,986
1,685
2,902
2,317
4,131
498
119,684
EMPLOYEE INFORPJIATION
2024
2023
The average monthly number of employees, including
part time employees
The average numb8r of persons employed
during the year (expressed in full tlme equivalents) was:
Office staff
Wardens, caretakers and cleaners
2024
2023
Staff c08ts (including members of the Board)
Wages and salaries
SoGial Security costs
55,661
48,114
55,661
48,114

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
q2.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
TANGIBLE FIXED ASSETS
Freehold
Land and
Bulldlngs
Fixtures
and
Flttings
Total
Cost:
At I September 2023
Additions
196,237
71,461
1,384
72,845
267,698
1,384
269,082
At 31 August 2024
196,237
Depreclation:
At 1 Septamber 2023
Charge for year
At 31 August 2024
87,641
4,131
91,772
68.642
657
156,283
4,788
161,071
69,299
Net Book Value:
At 31 August 2024
At 31 August 2023
104,465
108,596
3,546
2,819
108.011
111.415
All fixed assets are used for direct charitable purposes.
DEBTORS
2024
2023
Amounts falling due within one year.
Other debtors
4,516
4,516
2,775
2,775

THE ABBEYFIELD FULWOOD SOCIETY LIMITED
13.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Taxation and social security payable
Accruals and deferred income
872
1,319
3,482
4,801
2,870
3,742
The charity aims to pay purchase invoices within 30 days of receipt.
RELATED PARTIES
No related party transactions have taken place during the year.
10
COMPANY STATUS
The company is limited by guarantee and as such has no share capital.
11
UNRESTRICTED INCOME & EXPENDITURE RESERVE
2024
2023
Retained surplus brought forward
at 1 September 2023
Retained surplusl(deficil) for the year
Retained surplus trarried forward
at 31 August 2024
607,582
448
577,810
29.772
608,030
607,582
The company has no restrictions on the use of retained surplus.
UNITS
Unlts at
Start
Units at
End
Social housing for older people owned