Cpmp•ny Ilo. 00737334 Re9[sler Charfty No. 230899 H(thos England N3Z95 THE ABBEYFIELD LANCASTER SOCIEfY LIMITED FINANCIAL STATEMENTS For the yKr ondgd 31 March 2024
THE ABBEYFIELD LANCASTER SOCIETY LIMITED FINANCIAL STATEMENTS For the year •ndod 31 March 2024 CONTENTS Pa9e Trustseg, •nMMI rnport Ind•p•nd•nt audlt r8PJrt 8-10 stat•m¢nt of Flnanci•lActlvi1105 11 BaFane• gh8•t 12 13 A¢¢ountlng pollct•• 14-18 Notm to lh&fln¢18I siatements 17-23
THE ABBEYFIELD LANCASTER SOCIETY LIMITED Trusteeg. annual report for the purposes of Part 8 of the Charitles Act 2011 and Directors. report for tho purposes of section 417 of the Companies Act 2006 For the ear gnded 31 March 2024 Tlje trustees present their anmal report on tha affairs of the uociety. together wilh the fir4n¢to1 Statents for the year ended 31 March 2024. The knjstees. report olso repfesents th8 rfirector& report as required by Company Law. R•feren and Admln1stral D•tsll$ The fvll name of the charity 1$ Th• Abteyfiekl Lancastsr Soaaty Llmlted. Th• socig1I8 charity wstration number is 230899 and hs rogistr8tion number is W737334. It 18 8L80 a registered 80clal hou&ng prowder under Ihe Hou81ng Acl 19 Ino. H3295). The trustees who 5eNed durirvJ the yearwer•". Exocutiva wrnThNttee.' Mr B P Threlfall Mrs A K Howson MrCPWhy MrJ8 MrNGH811 Mr M C Clarke Mr R N Kiikman Mr A B Macker&th Miss J M Simpson Mrs J E Threwall M& H Wlles Chairrnan Secretsry Treasu Re8lgno(J 23 May 2024 Appointed 1 Junè 2¢T23 The directors of the MY during the year were.. Mrs A K Howson Mr B P Threlfall MrCPWock The soc4ells seory 1$ Mrs A K How8on The registered office of the so Lg.. Chimside House Abbeyfield Close Lancaster LA14NL Tha websita athIr of the chaiity is: httyi.lfvh.0bb¥yfft91dkgn¢aSIel.cfj.k. Day lo day managgment of t society is ddegated to A K Howson. the Society s&7etary and Mrg B A Gordner. the L¥Jrsar. Bankers HS6C, 35 Markd Stree( Lanc4Ster. LA1 1JQ. Indep8ndent Auditor Azets Audrt S8rvlces. Fleet House. New Road, Laastf, LA1 1EZ. Solldlo BSG Solicttors. 3 & 4 Aalborg Place. Lancaster, LA11BJ Architects Harrison & Pitt ArChitts mId, 29 Casue Hill. LanStar. L41 1YN. Inv•sth)ènt advi8er8 Investec Wealth & Investment Limited. 5 George Square, Glaw¢)w. G2 1DY. Structur•, Govwwnce & h1nagement Govemln D0ment Thg swety 18 8 company limlt8d by guarantee Lmder the Companles Act 20C6, vAthrt shore capital. Its opÈralK)n ra gov¥mBd by its Merrorandum & Artides of Asscthllon dated 8 October 1*2 and amendgd on 31 October 20C6.
THE ABBEYFIELD LANCASTER SOCIEfY LIMITED Trustees. annual reF>Ort for the purposes of Part 8 of th• Charltleg Act 2011 and Dlrector5' report for the purposes of section 417 of the Companies Act 2006 For the ar ended 31 March 2024 StrUGre. Gov•rron¢g & Manag•m•nl {contlnued) "ntmenl of Irusteos The app)intrnent of trustees Is govemed by provi8ions contslned wrthin the soaety's Arbd?B of A88wialion. These are as follows.. At each AGM on8 third of the members of the Executnle Commlttee must rgtir8 and, if de8ired, 8tsnd for te- dertion. The truslges to retire are those longest In office sints their last elo¢bon. The soclety, at tha AGM, rnay the posillons vac£l8¢J by the retiring trustees by eknting any person5 Ihereto, or by re-&18¢knng the retiring members. Th8 Executive Committee has thè F4Jwer to appoint any person to be a trust80 0h¢r to fill a casual vacanc or in order to Increase tha number of Iruslees. Any trustee appclnted in this way mSt rr8 at the following AGM and stsnd for reelechon. rf de3ired, al that me8ting. Any m8mbtsr of the sooety, qualffled to atteThJ and vote at lh& AGM, is entitt&J to Ffc¥Jose th6 8nTren1 of a por3on to act as a trustaa. Appryntsnenls to th8 sociatys committees we made ty ExaoJii4re Committee. Trust indudion and Irainin Trustees arg gNen induction and traIrng by lh8 80uety 8ttretsry. Ilc for nIOr staff Total runeratIOn of £10,08S12023: £9.6051 was paid to IrU$18 during the year. Tha r&mLTrneralron paid to trustees and olher 8enior staff as th8 housè m8nager is reviewed rewlarty by thè executive aderShiP. The rates crf remunerat)n are set in line with the roles ¢wried ¢)ut the organisalion. Or nis8tiLV) The society is g)vgmed by its Execlrtlve Commtttee, eon8istsng of r)t legs than Ihree nor more than eighteen members, wthSch meats times per year. Certain detsiled worf( is delegated 88 foll3.. A budget meetlng prepares the annual trwjdget for approval by the Executrve Commiltee. The Chlmsida Housa Committee fflonitors the day-to-day operalion of ihe regiStW8d redtial care home. The committee meets on a monthly basis. The committees are 888t81ed in theii work by serior mBnagemenl, nety Iho bursgr Wbj the manager of the residentlal ¢arg home. Connortod charflie8 The soc•ety Is ce of around 2(K) similar 80oetle8. vthlch exist Ihrwghout the unl Kingdom to prowdo assistsd living for older peopl8. Cwperation been kn¢al souet69$ is nSiderable alth)ugtt 98¢h retains its autonorny. Therelg also an Ltmbrella Cals0cn. The Abbeyfield Sc¢W. of whi¢h thi8 8orAety is a m8mb8r. The Abbeyfield Socyety is dlvldgj into six adminlstralvg regn$. Each has its own rgglon81 council composed of volunteers from souebes in the region. The gIonal officers hav¢ règular meetings each oth&r, so that they ran r8pres$nt the wews of their wion through natial ¢¢ynmittees. The c8rth31 Of of the Abb•yfièPd Sooety is 17-19 Hampton L8no, Solihull. We& Midlands, Bgl 2QJ. The stsff at Central Office prowde support for member 80¢ieties. Ouring year the society irKurred f88s of £7,73912023- £9,874 r8sp8L of its membership of. affillab.on to The AbbeYrd Scthty. Risk mana ment The trustees havo 888e8sed th8 major risks to which the 8oc4&ty 18 expoJ. in wbujlar Ihtsstr rebted to the operations And finances of the sociaty. and are satY8fied that systfyns arg in pL%e to mibgate exposure to the Ma)1 risks. Finanoal risk mana 5 and liaes The $rKlety has various finar4a1 a$5918 and IlabllTti88 8uth as trade deLtrs trade txedilors aiising diredty from the souetys oper8tions. Transactions in instwmerts re$uM In Ihg soclety as¥umiTrJ or transfrrring to another party one or more of the nCial derfbed below.
THE A88EYFIELD LANCASTER SOCIEfY LIMITED Trustse$' annual rnport for the purposes of Part 8 of the Charltles Act 2011 and Dlrectors. report for the purposes of section 417 of the Companies Act 2006 For the ear ended 31 March 2024 structure. GovorThqnco & Management (¢onVnl Fin8nry risk mana ive8 and Idgs continu8<1 Pri¢e risk Thè sc¢lety has bought investnts whth comwl$wl of B(# and Equltle$ durfng t and prior year. Irrterest rate risk The society is not exposed lo tslr value interest rate risk as it hokls no bank ov8rdrafts or b8n$. Credil rl$k hjl $tomerS who wth to trade on credit tsrms are 6ubJe( lo credm verffication ryre$. Trddt dsbtorn are rEview&J on 8 wuL4r basis and provision is m¥de for doubthjl deb1$ ¥thonever con&dered rcessary. Liqwdty and ¢xsh flow risk The Sty ha3 positive ca$h flows and thtr 1¥sh al bank and in 1$ rne than to sufficiarrt lo cover thè nJs of the Society. Object1 & Actlvltle8 The soo8tls priwpal obithes as set the Memr8ndum ofAssociation arg.. The reliefof aged, impotent and 0P1¥ of all dasses The advancement of reINJiC and &ducali The purwit ofcharilable actwthes beneficial to the ojmmunty The 80cW was estsl$hed in I and has pursued Ihe fwirvj objects by 8stabll$hlrrfJ, managing and devdoplng homes in the L8ncastor disbict that cateT for the needs of the elderfy. Two types of hom have been devebped- the sported sheh&r81I home and the registered resKl¢nti¥l care home. The socyety cJJrTantty has on• ragiStWgd lden1181 care hwe. Chlmside Htyjse, erirg thity reddwts. hcffi8 provldo8 tsventy four hour care for the fr811 dderty. Chlrnde House is registered to catsr fty pernons wilh dem8ntia as wdl as the frail ethty. The souety rHts consÉderably on tha commitnI and enthu$ia$m of Its volunteern. The day to day management of Chimgide Hou88 is undertaken by 8 m8nager empfoyed by the society. The m¥n8ger reports to 8 Housa Commttt4è of voluntè8rs afKI lo the trustees. VoluntOWS also provide significant tsme and effort in 8SSiSting with the day to day operation of the home. Residents at)d staff have undertaken LFT tests rf shtivAng sign8 and symptom$ of covld and feel generally unwel. The Sooety is extremdy gratefvl IOT the efforts mJe by the Manager and all the staff in en¥uriNJ th8t all possle prerauthJn8 have been taken to saf8guard the residents. Achlevements and Porfomiance The (xcwncy level. a key IrxlicOr. averaged 82.wh P023- 7&5%} at Chimside House. All staff, induding caterin9 & dom¢stlc staff, have been tralned to al 1&8St NVQ level 2 and most have been Irabned lo NVQ level 3 whilstthe remainder gre recelmng training for NVQ 3. All staff undergo regular training updat6S. All residènts and 8t8ff conlinue to be vauind •JBin8t the Covid virus.
THE ABBEYFIELD LANCASTER socIErY LIMITED Trustees. annual report for the purposes of Part 8 of the CharFtie$ Act 2011 and Dir6ctor8' report for the purposes of section 417 of the Companles Act 2006 For the ear ended 31 March 2024 Valu• ft4r klorw mfrtrl In response lo the Regulator of Soaal HoLssirwJ Tethnical note of ri12018 lety n(yw reports ¢)n the Valuo for Money metrks. There are 7 metrics covered by this technical note. M•trl¢ 1- Rolnve8lment % This metric looks at the investment In propertlo$ lexSstirvJ stock a8 well as &Jpp} as A per¢tag@ of thg va8 of l¢lal propertles held. The SocAaty metric fijr r8investment is 0.0%. Mgtr1¢ 2- N•w Supply deliverod % The new suppty metrc 8ets out the number of new soaal housing arKI nwocid housing units that have been wuired or developed In the year a8 a proporti of trAal social hou8irvJ unlts and tYJn-SW81 hsIng un6t8 0ed al period end. No n8w $uOy has been ddivored in the year ofeither sodol hwsing or non-soclal h(MF81ng. M•tric 3- G•aring % Th18 metrtc assesses how much of the adju8t8d a88ets are made up of debt and the dJe of depeth¢e on dobt finan¢¥. Th¢ Swety hcAds net rash and cash equi1nIS th8rolore the rnetric is negative al.13.5% Metr1¢ 4- Eamlngs 8efore Intere¥( Tax, D•yocl•tl¢)n. AmortiB•tion. Major Ryirg Includ•d (EBITDA MRI) Interest Cover % The EBITDA MRI interest cover measure is 8 key indi¢thrfor IKwidity and investment (apacity. The Sctiety paiil no intere8t in the yearand therefore the metric for interest Ver 18 not appl1£. M•trlc S- He•dlirp ¢141 houBing cost pBr unlt The unit cost motr¢ asxèsses the headline soThal housing CLisI pgr unh as defined by Regulator. The headlino Sc¢1 houwng ts)81 per unit is £40.500. Metrlc 6- Operntlng Maryln % The OperabThJ Margin damonstrates the profftability of operat¢ThJ assets teforn 8xcept81 ¥xp&n$•$ #rv lthen Thrto account. Th• SOcty does not Operate social ho1 1ottlng$ thofyf0 the operatirwj margin 1$ not apFllcable. The op8raliThJ m8rgln ofth8 Socty as 8 vthde rs 0.03%. M•trlc 7- Rthm M capltal employod IROCE) % This rnetric CoMre$ the operating surplus to total assats lass rront li¥bblibe& For the Society as 4 whole th(818 0.%. Publlc Bgn•fit Adm188k)n lo Chimstde House is assessed aeeording to need. Equ81 & fair acces8 is offernd to all eligibl8 older cl8 rggafdless of gender, famity. rac£. cobur, r&lkdlon. sexual orientst or finanaal cirojmstances - some sIdentS are self-frjnded whereas others afe slate fiJnd•d. Th• Sticièty's polrw is to provide all residenis with support, stimulauon and encouragement to an appropiiate levd for their individual nBeds. Residents are ertcouragtd to folknw their indwhlual religS tdi8ts. should tw wish lo do so. Clergy frcffi varKJu8 donomln8thJ)s VWI Chimsrd& House to offer a thrt service for SIdents to attend rf they ¥h. VarioLL8 actNthes a orrnnged in CA)n$ultatim wilh the residerth However. pathpation is a mattar of indivFdual thoice. Residents raise money fci tharltablo causos. The thoKe of chaiibes to benefft from those mon9y raisSng ?dlvll¢$18 deoaded by the residents. Chiinwde Hou8e has 8n adive Residents. Cirde vthkh meets on a rwar tQS16. The TN$t$ of The Abbeyfkl Lancaster Society Limited bg1iw4e they have ¢c*nplled lh& diity In tIC 17 of th& Charities A¢t 2011 lo hav# due regar¢1 to the public benefit guidance publishad by thè Charity C¢xnmi$sitsn.
THE ABBEYFIELD LANCASTER SOCIETY LIMITED Trustees. annual roport for the purposos of Part 8 of the Charltles Act 2011 and Dlrectors. report for the purposes of sectlon 417 of the Companies A¢t 2006 For tho r end 31 Mar¢h 2024 Financial Reviow The financial r¢8ulls for the year ara 8$ set out in the stalement of financaal adivbtsos on wJe I l aThJ the pDsilion at thg ènd of the y&ar L shown in bol&nce sheet on page 12. The defitit forthe yaar and 118 are as folbws: 2024 2023 Unro8tri¢a oFeratiig surplus I (dcIt) (93.9831 Investment Ino)m¢, legaThes. donOtb and sundry income InvÉstr)ent manag•ment costs Incraw I IdeL¥ea8el in market value of investments 20,206 {3.1981 16.346 12,809 13.2151 (25.583) Unrestricled 8urphJs l (deltcltl forthe ffinaThial year 72.202 {109.9521 Allocaticffl.. Transfer to l (knl Charltae cawl expendlture reseNe Transter lo Swairwn Bursary FLFnd Tran8fertol {froml rovenue reseFve 16,029) 1.476 76.7S5 3,414 532 {113,8981 72,202 (109.952) The main poirts ariwng from th9s0 amints are as fc41#9.' An unrestrithd 0rating 8urplus of £38,84812023.' dekn of £93,983) arose in the frcxn th8 operation of Chimsidts Hou8Q. Residential ch8rge8 Teceived rose to £1224,023 (2023. £984.99O). an Incre88e 0124.3%. Covid related Govemrnent grants recoiv¢d of £Nil121723'. £8311. Unrestricted house operating CAists, exduding wopeTty depreciation. rose to £1,119.IY2112023: £1,016,201), an easeof10%. The revenué reserves of the souety incr•88ed to £416.W12023.' £339,741). The wtncipal funding sourc 1$ ino)rne from resldenual charg&s. Movemonts in ljxed assets in the year are 8hLwn in not• 8 to financial slatgments. Capttal eXpdIre of £6,021 wag incurred durlrg the year. The trust888 c(xisideT the rnaet Volufr of the str>etys fixed a98818 to be in exces8 of their currenl book values. Indemnity IrulanCe in respect of the trust88s Ikqs been Fxovljed by way of a bbd( arrangeMt withln Ihe over8M Abbeyfield Society membership fee and no sep8rat& premlum is identFfiatAe. Investment rs and The soosty is permitted by Its Memorandum of Assodotbn to Invest any funds ncrt immad181e required for rts purFtyX•S in any inveslrnents. securities or property as may be thought )11. Funds Bubject to the luri8diciion of the Charity Commi8sloner8 may only be invested In su¢* Setsjrit and with such s8tIOn as may for th• timè b•ing be prescribed The socaetys investment PDliGy is a balaru b8lwa¥n loterM inveslment and some short-tern investrn¢nt 10 811( ac¢xssibility of me funds. The soc48ty'3 investwents. as Shown in note 11 to the ftsncia Statements and comprfshg of Bond8, Unlt Trusts and Ewfti&8 were held during the yèxr in accordance with the wers available to thg trustses.
THE ABBEYFIELD LANCASTER SOCIETY LIMITED Trustse8' annual report for the purposes of Part 8 of the Charfties Act 2011 and Directors, rnport for the purposes of section 417 of the Companles Act 2006 For th• ear ended 31 March 2024 Fundrajsln Disdosure The tharity's main 8ourc8 of ir0M0 or8 faes relating to the care of restdents, As 8uth they do not rry out si9nfficanl fundroising activiknes. Raserves Poli The current policy of th8 socraty is to maintain free reseNos at a level that equates to bets@n 3 8nd 6 months of operating expenditure. The reseNes po16cy 18 rewewed annu81ty in tyder to take accounl of Y Ch90$ in the enwronment in which the souety oporates. Total unrestrfGted res$r¥e8 hold at the year 8nd amovnled lo £902.715. Indudl Sn unreslrfcted reseNes are designated reserve3 totalling £486,219 and fvrther details of th&s8 8re given in note 17 to Ihg flnanoal slalernenls. The unrestsicted rovenue reseryes, not committod or invested in tangible fixed a58els ffree reseNes'l held by thè 80iety at 31 March 2024 amwnted lo £360,626. This equates to approxlmalely Ihreg months of expected opèr8tlng expenditur& for 2024- 25 which is within th8 level as 8et by the tmstees. The tru$leo3 wll take measures in fLrturn p•riods to rnaintain the level of rtrserves held. Plans for furn porlods The S¢dety18 committed to ensuring that Chirn81de House remains a Covk*1&fr8e zone. Amongst the SorAety3 a(rn8 is to ensu th8t there is o)ntinued complianeè in all are88 of inspeca11 wilh thg Ca Quality Commi5slon. The Society 1$ complfjant wrth Ihe General Data ProteGlion Regulalons. Chim8id& House 1$ committed to Interacling wilh lo MMunity as mh as 1$ pradicablo and to gTriè young people the opportunity lo understand and tecoma in¥oW wlh the ddety. The society i8 committgd lo worknro to meet the thallenge$ 8rising from the Impact of the Cara Ad. Staff training n¢)w ensures Ihat there are staff Members who are 8peualists core areas to furlhw impruve the care provided to th8 residents. As wdl as PdIng hlgh qualsty p8manent care, Chitnslde Hou8e18 al80 MmItted to provkling the same Ngh quality resplte c¥re for whth there is an irwea8ir#J demand from th8 lo¢al crynmunty. The sorjety is committed to ensuring that 811 staff on-going tralnlng to en8uTr that the resldents conunuo to fecelve the high quality of care whith th¢ x¢iety prides itsew in providing.
THE ABBEYFIELD LANCASTER SOCIEfY LIMITED Trusts&3' annual report for the purposes of Part 8 of the Chafftles Act 2011 and Dlrector8' rnport for the purposes of sectlon 417 of the Companio5 Act 2006 For tho r ended 31 March 2024 stst•m•nt oftrust, responslbilities The tTU8tees, three of whom who are a180 the dlreckirs of The Abteyfield L8ncaster Sc<40ty Limited for the purpose of company 18w, are responsible for preparing Ihe Trustees, Report and the financial $latemenls In ardance with appliCae law and United lfjngdorT7 ACCa)untg Standards (United Kingdom Generally Awpted AccountNIg PractKel. Company Law requires the trust to Prepare Inanclal statements for &ach 17nan¢ial year give a Inje and f•r view of the state of affairs Df the ¢harity and of the inwning reS[ceS and application of rg8ourc8s, induding the income and exp8ndibJrg. of the drItats1e o)mpany forlhat year. In preparing th98e ffnarwl 8tatem¢nts. Iwstees ar• wuired to.. 8et SL1itae artounting polic3es and appty them consist¥ntty', ob8erye the method8 8nd winopl85 in Chaiilies SORP,. - makè judgeffl8nts 8nd estimates Ihgt aro sOnatIO ond rmudenl: - 8tat8 whether the applicable UK Amintlng Stsndard$ have been fcllowed. Subj# lo any matsrid departures disd08ed and explained in the financial ststernents.. - prepare the finanaal Slat•t$ On the going o)ncem basis unles$ It Is Inappropriats to pmurne that the chartty 11 continu8 In 0ratiOn. The trustees are responsible for keeping adequate ac£ounting records that th5dose with re880nable any time the finatKial position of the thatity and enable them lo ensure that IhE ancIal stateménts ompfy with the Companies A¢t 2(M)6. They are also responsible for safeguaiding lh& 8¥8ets of Ihe chormy and hencx for t8kn.ng asonabte stèps ftythe prevention and dtrtedon of fraud and other irreguLqrittes. Auditor A resdulion 11 be proposed 81 the Annu81 Gerrnl Meeting that Azets ALJJit be appointed as auditor to the socièty for the ensulng year. DSsclourg of inforniatlon to audltor Each of the trustees has confimied there is no Infomlion of trthkh tw are V4vare whith is refevanl to lh8 audit, but of whtch the audllor is unawora. They have furth•r confirmed th thoy have taken gpprc¢Yiale steps to Klenlty sud) relevant Infom)alion and lo e$labll8h that Ihe auditor Is aware of such infomation. Approved by lh• Ex•¢utive Cclnmrtlge loEI20&. Mrs A K Ho7hTon Secrgfory arKI truBtso
THE ABBEYFIELO LANCASTER SOCIETY LIMITED TO THE MEMBERS OF THE ABBEYFIELD LANCASTER SOCIETY LIMITED (LIMITED BY GUARANTEE) Oplnlon We ha auditad the finanal statsments of The AbWi8hJ Lancastgr Sockty Umttod (th• 'tharitabkn Mpal lor th year endao 31 March 2024 whK cOmprf the ktatem8nt of finanoal pos1On, thè b818nce $heeL the staterKnt ol cash flow8 and notes to tho fin¥n¢ial 8tsten•nts, IndudlTrJ a summary ol signrficant gccoun¥n9 poli05. The flnanclal reportin5 fTrrn8work thal has been aprlied In thèir praparation 18 applicabkry law a1 Unit£d Trtsngdom Accounthng Standards, IndJ19 Fingndal Reporiing Standard 102 The Finanrial Reporbng St8nd•rd 8pplk8bLe In th8 UK 8nd Republ of IreL4nd (United Kingdom Gener¥ltyA¢rpted ACUnI11¥a Pradll. In our OF4nk¥n Btatsmeots.. g0 a true aThl f8ir vw4 01 th• 5tal• of Iho cttarflab ¢PanIS affaiTr as 0131 Mah 2024, and of th8 charitab18 companys irK¢xnlrwJ resourw and appll¢Jtlon of re&our$, induding th8 Chatab o)mpanls incorw and eypenditure, forthe year then end,. been p¥operly prepared in accordan th UnitBd Klngdom Gor¥ally Aceptsd Aexountlng p"¢.. havg been pr•par•J in acrAdafi the rryuirBmerts ofthe Ctyyyankw Acl 2026 and the Charitsry$AGt2011. 8aalB for ¢plnlon We conduthd our8udh In •¢¢ordarxt Intsrnatrjnal Standd$ on Audthng IUK) IISAS (UK)18nd appr&? law. Our r88p0r6ibTr1t under those standard5 are fUrtr desotsd in the Audilovs r88ponsibilitkryo for the SIrt of tha finandal $tstements section of our r8POrt. We 8 Independent of the charitable ¢amp#ny in accord8rKe wi¢h the Èthi¢g1 rnquirem8nt% that are relevanl to ¢Jur audit of th& financial stalernents In the UK. induding the FRC'S ElhiGal Standard, and we have fvlfilled our other8thKat re8p0nslbilrt In Bccordance Mth the8e requirements. We that1 aw11tovthn havè otiÈin•J wffi¢rrt and approprtate to provbJ¢ ? b•sts forour opinion. Concl1rA rnlatlng to golng ¢oncom In audrting the finanual statoments, we ha¥9 conthjdod th81 the tru8tsgJ' of 906n9 ¢¢M bas of avA)wting In preparnoon of Ihè riNaniyal statwnents i 8pproprsaie. Basod on Ihe Ik have perforn, we have not [dantifd any mateA81 vnc4rtalnlk relatiny to events or crOn$ that. iTraiv>YuBIty or ¢¢IknIIv8ty. may t s&Trlficant doubt ¢)n the mpany5 abilty to continue a$ 8 o¢ing c¥)nc8rn fora parfod of at ka$t Iwolv• rnonlh5 from wh the finAnci818tatemonts am authorfs8d tr i$$uo. Our 188ponsi13 and ts r8sp)n4bllllie$ ofts truslea5 wlth r88p¥ItOgolng arg dg8crlW Inth? revant Sectn4 of thk8 repcrt. The tru51eBS sfe respon61ble for the Olher informaticsn. The oltsvr Inf0rnatn c))mproe$ the Infomiation Incl in the trustees, annual rwrt, other than the finarKa81 statements and our auditorts report thereon. Our oplnfon on the finantsal 51alem8nts do88 not ¢over Ihe other fomiatH)n aThJ. •xc8Pt to Ihe exknt othemse 9)plicltty $tated In ¢wrmport, not exprnst anyfom olAurant cknnck0n thereon. In connptabn wlth our of the fmanc481 Jt#tements, eur tesponstbilty to r•Bd the other InloMaON and, in doiThJ 50, conslder whglher the othar infomaliDn mal&rfalty Inojrtststsnt with finanrial slatements or tyjr knob¥ledge Obta¥ In the audtt or otheISe 8pp8ars to be oierlalty mls8t8ted. If w8 k18ntify surth materfd inconsthnygs or appaont m8teri81 mi58t8tements, #re required lo deteIne wthelher therè is • material missla18m)t In the fin•Dal 5taiomanb or a m*erial mtatement of thg Other Inlormouon. 11, b890d on th8 work havo porformed, concbjdg trwtthere 1$ a materi41 miwstst8m?nt of this Infemation, are required te reportthatfact. We hav• nothlng to report in thi$ r•yArf.
THE ABBEYFIELD LANCASTER SOCIETY LIMITED TO THE MEMBERS OF THE ABBEYFIELD LANCASTER SOCIEfY LIMrrED ILIMITED BY GUARANTEEI Oplnlons on oth8r matt•rn by th• GomnI•S Art2006 In our opinm. b#sod on th8 tAvfk undortaken irr the courn8 ofth8 audit,. th8 infomation gIn In Ihg trustees, roport. IndlIng the dlrector8' réport for the fin8nL>al year for thid) the fiftsncial $tments arE pr¢pored 1$ consistent wrth the fln8ndal $tatèmèrts. th8 Irusk88' report ha8 been prepared In accwdgnce ilh Appli¢abkn le9al rt4ulrErr. Maltsr8 on whl¢h ar• r44ulred t• report tyexcffjrtK In thelght of tsjrkn¢edge and urthrstanding ofthe charttible its envlronment ot4ain6d inthe course of Ihe audit, w• have not Idefttsftthl material misststnents in the tru8tee8' report. W¢ havè nothing to re[ In respÉ¢t ofts foknth.ng malth in fatn to thg cPan¢S Ad 21J8. Charttkn Act 2011 requir• us to report to yw if. in our win.. adequ•t8 8co)unllng re¢crth h8¥è not b88n kew by the ¢hr41t• company, or rgtums 4de¢uat8 forour auEItt have not bttn retted Ircm branches rKIMsite# by u¥.. or th& tharFlable comparfs fthancial stotements not In agroomntwrth tho a¢counlir4 record8 and rgturr,' or e4rt8in dwwres oflruslo•5' MneIl¢n 8peotsJ by Iw ara not mJg'. or have not all the informoty.on aThJ e¥)nEo¥ requlre ts ow aud R•#ponslbllllles oltn As 8xploiW more fulty in th8 tru&t88s' r¢sponsibiffles statemgnt set out on page 7, tho tru5te8s (the off whom arE akn the directors 01 Ihe chan18b comp•nyfor the purpo8ts af Cmpany L) are resportrs forthe preparalknn of the fina101 $latem8nis and for belng sal& Ihot they ge a true and falr vk8w, an¢ for such intèmal Lyjntrol 88 tru9to¢s deterrnine is n¢ce86ary lo enabk? the preparation of fin8ndal Statnts thgt4r8 free from rnaterial MStat[rt, whèther due to fraud ty effor. In preparln9 Ihè fjnancial jtslements, the trust408 are r85ponsibk l¢r ossessirrfj the Charitab ¢ompanl$ abilty tD continue a5 8 going concern,
I106n0, as applitsble, matters related to going cencerft 2ThJ u$ing the goirva concorn ba8L% of aAuntIng unl6$5 the tnjstees gtthor Int¢nd to
IlqiMJ•h lh• chaiitab companyorto t$0 OP8rpIn or have real8hc aTr8matN8 blrt todo so. Aydltof• r••porlbllltlgBlortr •udtt ofthe finanei#l tlatsments W& have bggn appointed as audttor uThJèr the Companfes Act 2C(e aThJ sectn 151 Of Ihe Ch•rih81 Act 2011 and rawrt In accordanc• ith regulations mAde under th0 ALts. Our obiectwes •re to oblain rn8son2b assuran atx)ut vkn•th8r the Ilnon(l stalem¢)ts & a wlbjkn are fre from maierial mtsstatemeni. 14thether due to ftaud or &ffor, and to i88Ug an auditoV$ rEport Ihat Éndud88 ouropioion. Reasonable a5sur8nc8 M o high level Of assur#ne4, but IB not 8 guarantse thot aTr audrt conducted In a¢o)rdanc8 wih ISAS (LIK} will ahway5 detsct 8 material Mstatement oxlsta. Misstatements aris• from frautj or error and arp considerfjd m81gnal rf. lTrJI¥idu41 or In the aggrw. they UkI re88onobty be e¥poL8d lo Influen the econtyrnlcd8d8lons of usorstsken on the baskry of Ihgae finan(a41 Staertts.
THE A8BEYFIELD LANCASTER SOCIETY UMrrED TO THE MEMBERS OF THE ABBEYFIELD LANCASTER SOCIETY LIMITED (LIMITED BY GUARANTEE) Ext4rtto whlth fhe ¢¢x•Sd•r•d ¢4blo of d6tecfkng irre9ul•witl85, Includlngfraud Irrogulari8$, inUdIj fraud, are insbtw of nOn-cp1IanC0lh L4ws aTrJ r¢gulalon$. Wod8n procodure& In Ilne with our respcfflslbllit oullinad above and on the naLa1 Report4ig Cpuncif8w•tsso. to dotact Mate01 m166tatements in rts0f[ryuFiIhw. indudln9 frnud. We obtoln and updatè our und8rslandin9 of lh• •ntrty, Its act Ots eortrol 8nwronr1 4nd lTri •tyfirturg t¥et0pmen, )11ng in laIron lo th8 gaI and regulaiory trarnework Appllcabkn and h ts ent Is Cujw"n9 imth that framework. Based on thi5 uTKlor5tsndlng, we Kjenbfy and ass888 the Sk6 of mal¢ri81 misststement of the fina1 $latem•nts. whether due to fraud or erTor. desKJn and porform audtt pr(durés responsiv8 lo Ih05e rL5ks: and ¢bl•in audit evkl0 Ihat 1$ sufflcnI and apwoprtale to provide a btSi5 for our opinKJn. Thr5 indudes considgrauon ofthe fisk ofads bytha ènw that Pr$ wntrary io 8pplKabb aTvJ resatr.0n5. Indudlng fraud. In to thg of IrreoutsribtB and noTr¢m>lkqnce L8 •MI rnquLqtb)n8, IndLbJlng fraud, we d8¥¥n&J proc¢durns whlch included: Enqulry of ManMert #nd thrAe charged 71h 00ManCe around actual and potonthil ¥t¥8tion 8nd Clalmi as 11 a$ actual. suspethd allepd fr8ud," Revm•ing minute$ ofthw ¢har9•d go¥grnanc¢,' Ag88s8lng the extent of cornpliofKX vrith IhD laws aTrJ re9atiOnS to hAVO a dtrect matgrfal effect on the finand81 statements the cperatK)ts of ihe ojmpany through onqulry and Inspe0.. RevlvAng finarKig1 statement diqdogm and testing to 8upportiTtg doujmentalljn to 09ts15 oynplkgnc wllh apFIatO IM and rnguklKn8.' Performing 8urfrt over tha risk of managemert Lias and oveNide of controls, Indthlir4 tlThj oli0um enlrns d othgr •Jjuth for approv885. evaluating thè busiws rathonafe cl $pJnthnt I84¢.0ns outs8 the nonnal ¢ourse of lyJsine8s reviMnB a¢rnunlry e$limatesfor indicators olpotential bs. Bec4us8 cl Ihe inhvr•nt llmttaths of •n autht. Ih8re is a rfsk Ihai 11 not dete¢t all irregul8rlUe8. Indudirg Ihose to A Mate mlsBtat8ment in Ihp finarKial statements er rnn-c£¥iwllanr With regulatrsn. Thi5 [k incr8ase$ thtr morv that Complian or regulatlon 19 Mld frcth Ihe events and tran83cb"w$ r•nethd In th8 finanf381 staternents, as we wll te 88 liw to be)me awarn of instances of noft-cornpIL8nce. The rf$k of not detectiTrJ A material rni85tat8ment wutting frem fraud i4 hvjher than fer on8 re$uMng from error, a5 fr8ud may irt¥ofve comusiw. fopJwy. inltrttron 1ninI mkryrwre58ntat$. orlho overrlJ8 of intemal ts)ntrol. A de5crilOn cl our responsbilttkn for thg audtt ol th• ffinancL91 &tetlS li loced on tr Fhan¢is1 RapJrtkn9 Council's Mbsrfe .. .frU0rg.}aitO[E[e8POs1bU4les. This de8crblon lom part olourauditof5 report. ofour rgport Thi$ roport is msde 50kly lo the ¢hafft8ts rpanY'S members, as a body. in aGrOrd8n wNh Chaoor 3 of Part 10 of th? Compani88 Acl 20)6. Our audit woth h88 been undvrtaken 50 that we might Slat8 lo Ihe ¢h8rit8ble comp8ny8 mtser# and tnJsteè8 th¢)se matters we are r8qulrod lo $ts18 to them In an AudflO¥ rewt and for M oth&r purpose. To the full8St 8ktsnt pernlitt by do not a¢e8pt or assum? sp¢nslbllty10 anyone (ther ¢httn the LSrilab U)MnY. the carllab rA)MpaS Mbr$ 4 ts¢)JyAnd the ¢harl8ble companlstwtheg as a body, forcur audftvjork, forthts r•po¢ orfrrlhe opTr)ions havefom?ed. Su88nna C8ssey ISenbrSt8bJtoty Au(htty) for and on beh8ff of At•ts Authl serv16 StatutOryAJI¢0r Fknt Hw8e N6w Ro8¢ Lanc4ster LA1 1EZ q ' 24 10
THE ABBEYFIELD LANCASTER SOCIEfY LIMrrED Statsment of Flnanelal Actlvltles {In¢luding Incomo and Expenditure Account) For th• ygar ended 31 Mar¢h 2024 Tctsl Fun 2024 Total Fund$ 2023 Fund$ Fundg 2024 Inc(xne •nd •nd¢yAnwts from: DonatFon• and 11g•G Don8tK)M andlggafaes 878 878 Charhabl? a¢ifvitt8s Residontial cr8 ferthg frail •Klorty 1,224211 1,224211 985,4 Fundrnisirtg acthTh Fundrai&ng evènts 1,000 18J28 18,328 10.809 Go¥emmont Grar 1,569 Total Income and 8ndom•rtts 134V17 1244417 999,874 Expand on.. Charltable actlvlUo$ Residential car• lor Ih frall 8klthy 11.18I20•1 11.2149971 11,110,836) Fundralslng actm1 Fundr81sing events 11541 13.1981 13,1981 13,215) TO expondlturg 11,18W11 {29.7881 11,218,349) 11.114.051) 129.7881 ,088 1114.17n Nutgains 1110swI on invosbnontS 16.348 1&348 125.5631 N•i Irmme I IMponitur•l and movernont kn ld8 lor th• y•r (29,7881 42A14 1139.7401 R•¢onclllatlon of fvnds: T¢tsl funds 411 WI 2023 830.513 769.986 1.69 1.740,239 Totallund• •t 31 Mr¢h 2024 901715 740,198 1,842,913 1.6W.499 The statemenl of fin8ncial #thTtr8s indud85 all galns ond fossJ5 in the yBar. l incomir¥J resources and te50urce5 wended d8rSve Irw ¢ontinuiftg advittDs. 11
THE ABBEYFIELD LANCASTER SOCIETY LIMITED Company numbor: 00737334 Chaiity numbor. 230899 BalanGe Sheet As at 31 March 2024 2023 Flx•d a8set8 Tangible awts 1,158.546 1.20S,307 Stocs Ikblors Investments Cash al Iiank and in hand 7,592 36,305 336.815 94,534 10 11 12 74,731 350,921 148 SW1S 475.248 Credit¢rn'. amounts falllng du• wthln yglr 13 (98.0481 180,0541 484J07 395,1 Total 8888ts Itsg ¢urr•Frt llabl1•S 1.642,913 1,&)J,499 Fund¥ Oft ¢harfty. Unre¥trktsd lund• Designated feserve$ General tg¥enue reseNe 17 17 4e8,219 416N96 490.772 339.741 902.716 83Q513 17 740.198 769,986 T¢4*1 fur5 1.642.913 1.60D,499 The frnanci81 statements ha been PrePad In aeeorthky wSth lh• 5Pgdal pro¥tsOon8 rolaiiTrg lo MmpaniES subject to the smal companl ime wlhin Part 15 0lth• Companl&s Ad 2Cth. Tho fnanrAal slat8rnents on pa9 11 to 23 were 4)prov8d tythe 804rd ofTruthe$ on 011 fft1201Ik . and 51gnBd on 5ts behatf by.. P Thr•llall C P Whytock A K How#on DIand$e The not# cn pag98 14 to 23 lami oftsenal atstements. 12
THE ABBEYFIELD LANCASTER SOCIEfY LIMITED Statement of Cash Flow8 For tho year anded 31 March 2024 2W23 Ca•h Ilows from Drin9 idi%rftt•&' Net nme I lexpndJr•l forthe year Adjustrnents for.. Depwialon oit9nglb fix8d as%ets IProfftl I loss on disposal oftan9iblo fix•d a$58ts Intemt rec8iv•b IInGl I decr•s88 in stor8 Inc¥8a8e in deblors 21068 1114,17n 52,7•2 3276 110,8091 557 I21,5> 3.133 118,3281 132,9561 17,994 Net ¢Mh used in owrallng aclfvlUe• 44929 185,7231 rA8h Ik••M from inV•#llng acllvll1.' Interg$1 rgcowgtt 12M69 Purehase of otherfr%ad assets 16,0211 121,ggn (i8po¥alJ (purthasel of currentaJ8•t Irhtèskn 16289) Nwt cash v58d ln Invgg¢lThJ actl¥lti 9.OTI 118,3331 Sncr•aB• Ild•creaae) In cah •nd cash •qul7Alents Cash and c4sh equNInts atthe tegnnirvJ of thE year 64O06 1104,056 198,5 Total cash and cajh 1¥alents atth• •nd oltho y•ar 148,540 94.534 13
TFIE ABBEYFIELD LANCASTER SOCIEfY LIMITED Accounting Policles For the year ended 31 March 2024 Tho princyl acco) pol 0pted, lud9emetts and key Sour ofestimBtion urK8rt4inty In ts preparalion of th• finansial 5ts1omn(s are 99 foll¢y•fv'. Q•nw•l Infowmallon Tho AieffiebJ Lanc8ster Society LvnrtÈd 1$ a prtrvato Company limil•d by guaranlae domlclkd aThJ Erykind And Wa. Thg regL8lefod offir is Chirn$idg Hous¢. Abt4ynehJ Cloge, S¢otforth, L8nca¥tsr, LA14NL Ba8kn of prèp8ratlon The so¢ioty consblut88 a publt t4ngfft entty 8$ d6ned by FRS 102. Th8 IOn¥nwl 6tslements h•ve propare•J In a¢tr)rdaneè wth ADuntIng and Reporting by Charities.. Statement of Recommended Pract£ AppIAble lo etha1¢$ preparing th•ir acccunts in accordarhc8 with the Finandal Reporung Staftdard applK4ble in th8 UK sn(1 Rewblic of Ireland ffjsueo In Ociober 2019, th8 FiTraneial Reporting Standard applkable in thè United ngdoM and Republk ol Irdand IFRS 1021, th8 Charitse$ Act 2011, the Companies Attt 2CI)6 and UK General Accepted Accjjunting Pra¢tic. The fmanctal stslements arè pre8enled kn Btewth 15 thg fun¢ts"oTral currencyofthe ¢haity oTrJ rwrKleA tothe nearestÉ1. Golng concern Th8 posed by th8 C•-19 wru$ h8s dtsllffthed Infothn control measures were In 5tlll pLgce forthe yearto 31 March 2024 to alVI9t the possibilty of thè ¥iN5 enlering the home. Some ca88¥ of GovK1-19 %re rdId among31 staff and onI8 during th8 81 to 31 Mar 2024 but thére are currenty no recoed ca5e&. The meo$uTes to hav6 been effe(aiv8 in maintaining normal 1g¥91$ of operalKJn afva occupanw bvo1$ have romalntrd re8sonab16. Th8 tru8t8es haye contluW that it appropriate lo prepare the accounts on a going concem basts a8 there are no material un&grf8inliB8 r¢gardry gtyng 0)nm. Irme b renISed the sow has 8ntllkment to fhe lund$, any parfoTmant eondftkJnB attached to th8 #emlsl of Incomg hm bo•n met. Ii 1$ probab that inwm8 11 ba rBC8W 8nd Iha 8mDunt C4n be mea¥ured rEILgbty. lTrcDme frorn gernMent ¢thor gFanls, Wlher'Caprta1, grants or'rev8nue' grants, Is r•Gognfj thè has •ntttkn8nt to I fuThJ5. any Ferformanco ¢ondrtlon$ 8tt4chad to thè grant5 ha been ftxl, prcOabk that the Income wll retLNed and the amunt can be measured reliably 8nd ts not ¢Jtrfrrred. Otherlrnding income compring reTrtsl income re¢eivkn is on a rw•bAt4e bash. 0thgrlnci)m• is includgd in Ihg $A Inthg ygar In whfvth it18 ffjc•ivabK9. Monetarydonation8to thg 80• ar In the SOFA in the year in they are raAble. So¢l•l Houslno Grants Sotr•l Housing Grant ISHGI i4 pakl by Hames ErrfJtsnd tD Teduce cost of developments. SHG L% repar4bb under certain clr¢urn$ianco8, primarily following the salg of a property. but any repaym&ntwill notTn<y restrlctsd to th8 net prorj$ of sakn of the propety. SHG 1$ pa to RelliBtered Social Hou8iThJ ProvKlers IRSHPsl to Subsidise capdal costs inojrred in the pro¥ron ol afford#t hou$ing and th• rvsufting not cost is approxlmatety equal to the economi¢val Df property in its d8slgnated use. The grani ss roc(YJnisgd in ful as reBtrtthd Income when the condit4on8 dObl Abo¥e are Sllisfied. FolkMng the Sa of 8 property, any 8Dcial housing granl $0¢1ted 7th thal property has not en recyc Into a fvrther PmF•ty recogni88d in ¥05tn'cJ lund$. unbl such limg a$ rt k8 recycled or b8eomes repay4b. Oth•r grants Othergrants 8re recognlsed In full the ded obo¥• wo sat18fbd EXpKIrn QgnIon All expenditura 1$ a¢Unted for on an accrual8 basls and has l)0gn dassffied undor hgading5 Itt aggregala all costs relaw to tha cab3W. ExFeTrJllu 1$ ¢0ntsed vkneft there 1$ a gaI or gJn¥twcti¥t oblallOn lo make payments to Ihird parties, it is prcèablt that the settlenrt will be re9d and the of Ihe obligatn can be nw8ure reliaw. 11 h ¢at•gori5od und•rthe fcIltrng heJkngJ'. Expendmure on CharItab a¢M$ IndJL11ng K&n11a1 ¢gf• forth8 frail Ih¥e*mBnlmanagem8nt Costs 14
THE ABBEYFIELD LANCASTER SOCIETY LIMITED Accounting Pollcles For the yearonded 31 March 2024 Swjport wsts allxation Supwrt costs are th058 that a8$t ts work of Ihv charty bul do not dlr• ropresoni chaiitabkn acllvths and Inraud? admlnhtrathe guFo0rt ¢osts go¥èmanc8 costs. Th are incurr8d ilireth in 8UPPOrt o18¥pendllurn on Ihe obletts olthè charty. Tho onaW$ olthe9& costs 15 irKlud•J ITr note 3. Rx•d ass• The wst of ho[nO land and buJlngs irJdeJthElollovrinu'. il tho cnst of awviring land and bu1g3'. ID develwent ey4)onditur8'. iiil internst payab on Ihe expeftd6tum InCUrj up to the dalg of prath91 ts>mplolknn. Cprtdai•Jn has been prov1 on dl tsnglb fixed assots at fates rAlwbted to wilt• off Ihe cosl less esknaba residual valu• of each 88sot eventy over its e8MItEd uselul Irf• Hgfollv.' Freehdd buiklings Fixtures, Mng$ ¥nd equipment Offlce equw)eni io% 15% Freknkl land noldwroo8d. In¥•Btnnts Invthrnnts am r6cogni8ed In"81 at falr value k4fikh Is normalty tr8n$8don prlce excludlng tr8nsaÉ'on8 costs. Subsequentty thEy arE measured at fair v8lu8 with changes ¢tynned in net gainsllosses on Investments. In the SOFA Ir Iho Sha are pvblicly tra¢ed or th•lr fatr v¥lu• can m80surgd r¢Rabty. stocks aMvalu8d at the h7werof e4st and net mlwable value. Trade and oth•r debtu¥ arg rec¥)gnhed at the $6ttknwrrt amount due •lb)r any tr8de eAt oiforéd. Prèpwxnts are valued at the amount prepJ. Cash •t nk4nd In hd Cash Tvpre5enled by cash h hand and depcstts ftnanrial Iwtuuons rgpaygble thout pènafy on not4C8 of not more than 24 hourn. Ca$h oquN8lents are highty Uld Invesbnents 1hit mature in no more than three monlhJ from the dBte of acquisib.on anLI that re•Jityf to amolmls offa$h i13n1CanI risk ofchw In valL. ¢>J•r•llno I¢• Rent81$ Payab under weratin9 SE5 chary tothe SCFA on ¥ stral9ht lir basis ov•rthe olthe kn$9. PoMlona¢hom• The yoaety operates 8 defin cothbut•Jn Ffill sthme for certaln of Is emplo)•0s. Conlrbuhon$ palJ are ¢hargEd to Ihu WA in Ihg perioj lowhlth they re. Y¢dltorn arml Credttors and provtslons ère retognis•J Whe the srthty ha6 8 pre$ent obligation resumsng Ir¢m 8 past event th8t wll prc&8bty resutt in the tr8nsleT olluTrJ$ to s paty and the amount duÈ lo sett10 lh• obtigabon caTh b8 measured ryestinaiod mllabty. Cr•JMor8 and provP4bn$ gre r8ryJgni5ud at their 88tUemgnt amountalr aln9 lor any tr*Jg dBcoynts lu¢. 15
THE A8BEYFIELD LANCASTER SOCIETY LIMITED Accounting Pollctes For tho year ended 31 March 2024 Corporouontaxand Val ath19d tax The SOW hA8 ch&itabkn 8latus ar•J fjsexemptfrom CForthn tsx w the charlabKT incomo it has ed. socAety 15 not gIstered forVAT. Ac¢ordifigty no VAT w (arged to r•darta ar¥J 8)pqn¥•J in the SOFA are Inclu68 of VAT. Fund accounur Funds held bythe soaety are •ither.- UnrnstrKiod g9n8r fvrrfJ8 - th•Be aro fund$ be used in aw)rdanWjth the clw1itae etiets docretion olthe Truthe. Desb3nat•J fund4 - these are fvnd$ Set ashde bylhe Trustees cOf unreslThthd g¥n•ral fund5forspedficluture pP¢S or kYods. R85tndJ funds - fvnd$ that (sn onty be for parbcular restrfthd purpoaeavthhin the objacts Oft society. Restrithns ari when specified by th? donorNl)en lunds are rni98d fu partKularpuwo5. Flnanclql Irmtrumgrts The secty On h08 fin¢•1 •$50ts and finarKkql liabl10& of a klnd that qualfy a5 basK fId?1 Instwments. Ba¢financIAl Instrumènts 818 inthalty rec4gni at transaKIn valuè and measured atthelr settknrn8nt valve. The soaety dildo888 tr8nsaction$vAth ref•ted part$. Wher8 8pproprfate. trans•dKs of 8 similar naiure are aggregated unle$5. tho onIOn of the dir8clors, separatedi5d05ure necessaryto uTrJeTstand th¥ eff¢rt of th& transathorFs on Ihe company finala1 8tat)wnts. fjrnpwes hav• rerbJ8red to chaiity. short4èrn Bfflpl0 t¢noflls lo whkh the employees arè èntitlèd are recnISed alt urx1k8counted armunt expect8d lo bg palJ th exchange for(t st•. Th• Lartyop8rat8s a definod ¢OnlfbutN)n pLgn forthe of ffsernpl. ConIrfbJtsr arè w8n88d 88 they b8come payable. Jutyientsand key souY¢•s ot•Stknallon unc8rtaknty In Ihe opplk4iion oltha Ch8rit8bk8 ConynY$ auntir¥J pJlldes. thè drectots are required lo make judoemmts, estThnates and a5swnpknns about tbe f0 8m(ymt of a58et8 and lithlitw Ihot a not rFadily apparent frcffl other sout. The fjstwnat•s sid assoa8tsd ass1) are based On hi510rK81 eyp81ienca other facws that are¢5r0d to rknont. Adval Ults rnaydwferfrom these 8stimate5. The eslknat85 and underf*vd 8$Jumpt#Is are on art Revfj4itirn tts &counting •sb"rnatsts aro racognL8ed In th• rjrd in whh the •8lmatè L% tevtsed Whe r•vi$ioTr aifecl8 onty that periLNJ. or In tho pwk#J revion and fv¢uro wrfod$ ¥th8ro tho r•vl8lon affects both Crn1 anL1 p8rpJds.
THE AB8EYFIELD LANCASTER SOCIEfY UMITED NOTES TO THE FINANCIAL STATEMENTS For th• year onded 31 Mar¢h 2024 1. In¢omlng 0$11¢M ¢hwStablo athNI¥• Unrostrfctsd Funds 2024 R•strfGt•d Fund• 2024 Total Funds 2024 Funds 2023 RosKJential care fees 0lhersurry inetffl8 1,224,023 1.224023 188 984,995 501 7324,211 1,224211 985,498 In the pdOrrtotrl inwnlng ras(¥Jrw fr¢m ¢harftabb athit#were£985,496, 811 olwhth was unrnstrithj. Z InnthIt Incom• Tolal Tot81 Funds Fund• Furyl$ Furwjs 2024 2023 Buikling socty internst Invastrnent interest and dNhlend agnk int8t8St Irtsrest charges 324 9.9S9 2M97 4148 324 9,969 97 6.148 9,504 1,2 18.328 18J28 10,809 In thè pr)ryoarloW Koning r•aour from investmenl irKome were £10,eiTr3 all dvthlwas unreslriebj. 3. Anaty515 of 9XpdItuIQ +X) ¢Mrflablo ¥U¥lll Totsl Total Fun Fund8 Funds 2024 2024 Dlrect r•8k1entio1 Garfr costs Payrn and olh•r5tsflcosts Food and catoring Crmjnul tBX, utilltssand insurance Règtstration charges Pfemises. gard8n and oquipment maint8narKe Postage, stslionery, advwtiskng and tewone Oher sundry exFen¥es Dep#'0n and bss on di%posal offj a5ts AdmknlBtratfvo support ¢06ts Payroll W$15 AbbeYrd Society affilialon Othorsun¢ryexp&n$es Dgpred8tlcffj and on di8PC481 of fLxed ets Govornlnce costs Inén(lentexamlnaiitin and actgjuntanty 917307 41,480 46242 917,207 50.801 44,174 4,4a3 69,463 4.308 24,584 55.983 46.242 62.360 4.894 21121 61f94 26,121 22A06 25.136 9,674 9.345 7.739 10,e67 7.729 10.867 14.685 14,O8S 14.(8 1.18520 29.n8 1314,997 1,110,836 In the prb)rartQIal rgsouf¢ksgyp8ndgJ wewg £1,110,836, of%thkh £29.788vm rostr 8r¥J £1.081.048 w88 unrestrthd. 17
THE ABBEYFIELD LANCASTER SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENrs For the year ended 31 March 2024 4. Net outyolNJ resourc9• 2Q3 Net outyoirwj l& 6taknJ tseharging:_ Oiredorf$ rgMun0ratn Audito15 rnmuneralion.. as athllof Auditoey remun&ralion.' other servEc8s Depre¢ialK)n uf langibk ftxod as$•ts Opèrating18ase payrnents- equipment iQ085 9,600 3.776 51792 16.042 3.518 53,362 15,785 & Staff crAts and numbg 2024 223 Th& augreoate PWII and 8gency$taff eDsts durirwJ the year8mow¢ed lo:. Wages and 5010 SOCI se¢xrty cosls Pension costs Agaw8tsff 6K579 63J98 13,635 171,247 620.414 48,824 11.707 134,192 932.809 815,137 No emFtye r8¢•wJ •moTh ofmre thall £eO,IXQ In thertha ojrrwnt orpr0VWi YW. The 8DCW depends con$idorably on Ihe CmIrent and enlhu5ia8m of ts volurtsers. th• management olthe through the varlous ¢omrnitt••s. ss undertak8n by lunteerS. Volunletrts also wovidg sDm¢an1 Um• and èffort In a$¥ting with Iha day (o day OFef4tKJn of lh8 The av8ragè monlhty nL4hbèrofwptoyegs ¢JurfrvJ the yeorpr&.". 2D24 Numl)w 2023 NuTrbor Administrats'on- partlim? Hostel aff - full lime and part tkne 33 37 35 39 The Averaga monlhty wmk4roffvll time wuwalentwnploy¢¢s during the yewhyn.. Admlnthts)n 24 25 Remuneration of £10.08512023- £9,805) of rot1 w¥$ pa to M¥$ A K Howson, g dkOLloi and trust09 of the 8v. 0$ perrnitied bythe MemorandLm and Arbdes ofAssoGiattcn. No rerrÉun8ran pavj lo any other dlrtctor or trustee In afth8r of Iheknyears. DuriTrJ lh• year th• reknbursed travel •xwns•s incurred fr¢rAbWold meetlng6 to Mt• A K Fkn¥8LM, a dlro¢tor trustso, anbjunlinp tts£9012023- £141. All aMountsre pak1 durfry Ihes81. Ourfng Ihgsparlhg 9)c4ety pald £51,72712023-£46,759) in rwnunwalloft to kay monaomnt rrwnnal. 7. prOn c•stJ Thg sodety makns d&fin•Y conlrfbudon8 to p8rnonAI an8. The a888ts ofthe arn hekl In sep•ratety a(kniniiter Jnds. The nSiOn cost charye Tepresents contributb)ns payable soo8ty and nounlad to £13.835 12023 . Z11,7071. An arn1 of t3.311 (2023.. £3,339) was outstsTrJing at the rentt. 18
THE ABBEYFIELD LANCASTER SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS For th• year gndgd 31 March 2024 8. fix•d aMBts FSxtur• flttlrys and equlpment Fr09hold land and bulldlngs At 1 Aprtl 2023 Add"On DPOSS 1.930,847 33112S 2.262,972 8.071 11,5411 At 31 Morch 2024 1,930,847 336,61K 2387N52 lallon At 1 April 2023 Charye forthE >tar OpJsals 792.354 35017 311 14975 1.Q57,665 62.792 11.5511 At 31 Mar¢h 2024 828,171 280.735 1,108.W6 N•t book v•lu• At 31 Ilarch 2024 1,70276 64870 t.1.548 At 31 Mar¢h 2023 1,138,493 66.814 1.205.307 9. $to¢k¥ 2024 2023 l.Y17 $A38 2,478 5,114 Other3vndrystock8 7.592 23 Tr8d8 debtor¥ Other debto PropayTrtsnts Awue(I Income 67.221 18.878 18273 t89 16.331 912 74731 36,305 11. kn¥••kn•nts V•lu¢ al 1 Aprfl 2023 Addltlom DIBpo• Chanp in Valuoat 31 March 2024 Listsd in¥esbTrents 326,C69 10,746 26141 (25,6961 16,346 342,960 7,961 336,815 26241 125,6981 16,346 350,921 The fair ¥8lue ol tisled in¥esknents * detsnnlned by rnfe to the quot•J prKo for wJentK8t aSBets In an aclve rnartet It bahn sheet date. 19
THE ABBEYFIELD LANCASTER SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the y•ar ended 31 March 2024 11 Cash ai k and In hand 2023 Bank d0$ aOUr Bank current accounts Bvildlng $ooi•ty accounl Cash in hand 121,154 12.271 4537 4678 70,171 14.040 9.374 148.540 11 CrndiloTh Amount•llllng duo wlthln y•ar 2024 2023 Trade crtditors Other taxes sttLg1 s•tJJrity Othèr rxeditors ArKN•L5 defeTh&J 15,930 15,780 6,572 41.792 17M61 8,502 58,865 14 80.054 The average nUMraf days b&tsveon the receipt and p3yM•nt of pur¢h88e is 1412023- 141. Residents fee5 In affvgnca 6028 The Income ln Ihè at¥M ThJt& hss been def•rTrd as it rd8ts$10 recowed from knts forp¢rityJ¥ #ftèrlhe year end 31 March 2024. 15. Anal18 of n•t a82•ts betvmenfvf 2024 Total Fund8 Fund• Funds Funds T•t¥JfoknlKed a8set8 CurTgnt a6Bets Curffent Ik4biliti88 64870 46B.874 1940481 362fv78 124741 740.1 1.168.548 582N15 I.048 416.496 404219 74I1 1.142,913 2023 eral FuThJ8 CslJnatsd Fund8 Total Fun Funds Tangible fixÈd as9et$ Curth assets Cutrent liabililS 66,814 352.%7 180,0541 368.507 122,265 769,986 1.205,307 47524e 180,0541 339.741 4¥XI,772 769,986 1,eoo,499 20
THE A8BEYFIELD LANCASTER SOCIETY LIMrrED NOTES TO THE FINANCIAL STATEMENTS For th• year ondod 31 March 2024 10. M•mbws 2024 Number 2023 Numb•r ThèTe i8 no authorised Sha t4pital and tha numt¢rof m•mter¥. gach rf h05& Ilablllty is limtted to £1, 81 the yeor eryj was.. 11 No one p•tson ha$ overg11 17. Mgv•ment ith funds Tran•fer Gal & Balanc• •t 31 at 1 Aprll 2023 kncome EXp•ryd LJnr8strl¢l¢rtfuThJs DEsignRtod regeThwJ Swgln$on P4Jrs8ry Fund Repair¥ rB8erve Charilobb caprt8l8wdllu re8erve 37,215 85.OlXI 368.607 1876 38,741 85,000 362,478 Total d88&•d kndl 490.772 486.219 Gènar81 339,741 1,244.417 {1.188M11 20,899 416.496 Total unr8#trlcted fwKI 830,513 1.244.417 11,188,581) 1Q346 902.715 Rwtrl¢tsd fuThJs Fix•d as8Ot restrkled fund T69,8 789,988 129,788) 129,788) 740.198 Totsl roBtrf¢tsd lund• 740,198 B•Lanc at 1 April 2022 Transfers. Gdns a Bal8nce at 31 Mar 2023 In¢L¥ne Expondmure Swainson Bursary Fund Rep8ir8 rw¢rve ChariW)k ctal expendtture Totsl d•slonated funds 532 37.265 85.000 368,$07 85.000 365.093 3,414 486,826 490.772 Gènera hJTh1 453.639 999,874 11.084.2631 29,50YI 339,741 TLI unY•8trtct•d fund8 940.465 999.874 11,0842631 125,5631 830,513 Fd ass•t r•strfr18d fund 799,T14 799,774 129,788) (29,7881 TrAal Th•tr1¢lUd* 769,986 21
THE ABBEYFIELD LANCASTER SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS For tha yoar ondod 31 March 2024 17. MOVW9nt In furyls (c) of de81 11 Swnson Burnary Fund This re$er¥e refleds donativ Hnd gade¥ re1%d whtth 11 be uwj tts 8i&st re8tdents who unabb to ftwt the cost of Iheir commodalion. ill Repalr• rn8•FV8 Thls re5aNe r¢pro¥enlB an amount set a¥t to carry ovt futuro m8jCf repalrs on c(Mmpknted housing propth. Th6 of the fftsttve has t&n asses8ed by Ihè trJsth•8 In thè Ivjht of the ojrrent CondHi0 of the proporty. the proba9 eynd1tu woired in the foreseoable luturè, aThJ the aValtillY of graTrtslor wor 1111 Charrllble coptal exwKlhur• rM•N• Tha ¢haiitabkn CapNo1 Eynditurn Figwve reprewnts the ngt of the so•s prcperty •ft•r lh• thdudon of grants r•cfv8d ond doprgcmlon. The transfer ts1 £6.029 from thm reservè lo the R8¥enue Ros•rv8 in the year othj 31 M•tth 2024 rekYe8ents the depr8uation 09olnsl unr88tricled funds of ChirnsO House property forthe >8r. Iv> FLx•d xsgt Y•5trlthd fun# This reser4e tel8t6s to wital expendaur• bylhe ¢hartyfund&J from grants rec4ffta lor that purpos 18. FSnan¢lo1 Instruments 2024 tnanrAa¢ assets measuwd at amortl¥¢d cost 205,761 113.412 Fin4nrAAI a58ei8 alfalr va through proft w k> 380.921 336.815 Flnant481 liaknlio$ MeurEd ot wnortmed ¢05t 15JJ30 15.930 Finan¢iil as8818 me88urnd at amorU8ad c(t compw.. Trada d8btor$ 01£57,2211223.. £18.8781 intyJrr•J In the normal olts gcIPdkN15. Th9 Wncth ar• rBCV•pf8lAe wllhln we r. Cash b£iqn o1£148,54012023'. £94,534). Financl81 awl$ at fairvalu8 through profft orloss.. The fairya9 i$d?tormlrod by ref•r8nc* to tho morkelwlue téthe in¥eslments listed UK st¢dt•xtharwJo. £350.92112023.' £338,815). FTrnancig1 Ilabllhiè# m8asuied at amortxed ct comth.. Trthle cr•Jitors of£15,030 {2Wd3.. £15,WJO} as detail8d in noto 13totheffinanGHI 8tst8meTrts. b818ne48 arg I1h5n ontr ar.
THE ABBEYFIELD LANCASTER SOCIETY LIMrrED NOTES TO THE FINANCIAL STATEMENTS For the year •ndod 31 Pllarch 2024 19. Op•rallng l•w c¢mmltm•rt• Atthe repO.j end dat•l1socty h•J out¥tsn(Ing g)nwnlments fw firty mlnlmum kne panants undw nortyrAnMIkn oFerating asfolkThs' 2024 2023 Équlpment Within on8 ypar Batswn to fve wr5 After mwe than fvoyearB 17,088 67,732 Y,097 16,042 20,176 3.339 91.915 39,557 20. Capl¢al c¢mmlbn•nt8 Atthe balanc• sheetdalo the sodfrty hal caphol ¢<mmInts amountSng to£Nil ROZJ- £Nffj. 21. OpDrating ¢o9ts from 18llirys 2023 SFecipl nets a¢c0mm¢dati- 30 untt812022. 30 unttsl Servlres ManJomt Rou mnt&nan 1.080.963 60.159 44m7 971281 58,818 50,949 1.185209 1,081,048 Zl Rdatsd party tr•Mactknns Thore fiodisdoMbt8 rplaby patytsan5aLons dvrkng th8 y8¥rl2023'. nor).