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&fl￿n¢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 Stat￿ents 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 ￿M￿Y during the year were..
Mrs A K Howson
Mr B P Threlfall
MrCPWock
The soc4ells se￿o￿ry 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, La￿ast*f, LA1 1EZ.
Solldlo
BSG Solicttors. 3 & 4 Aalborg Place. Lancaster, LA11BJ
Architects
Harrison & Pitt ArChit￿ts ￿mI￿￿d, 29 Casue Hill. Lan￿Star. L41 1YN.
Inv•sth)ènt advi8er8
Investec Wealth & Investment Limited. 5 George Square, Glaw¢)w. G2 1DY.
Structur•, Govwwnce & h1*nagement
Govemln D0￿ment
Thg swety 18 8 company limlt8d by guarantee Lmder the Companles Act 20C6, vAthr￿t 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
StrUG￿re. 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 0￿h¢r to fill a casual vacanc
or in order to Increase tha number of Iruslees. Any trustee appclnted in this way m￿St r*r8 at the following
AGM and stsnd for re*elechon. 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 8￿n￿Tren1 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 traIr￿ng by lh8 80uety 8ttretsry.
Ilc for ￿nIOr staff
Total r￿uneratIOn of £10,08S12023: £9.6051 was paid to IrU$18￿ during the year. Tha r&mLTrneralron paid to trustees
and olher 8enior staff as th8 housè m8nager is reviewed rewlarty by thè executive ￿aderShiP. The rates crf
remunerat*)n are set in line with the roles ¢wried ¢)ut the organisalion.
Or
nis8tiLV)
The society is g)vgmed by its Execlrtlve Commtttee, eon8istsng of r*)t legs than Ihree nor more than eighteen members,
wthSch meats times per year. Certain detsiled worf( is delegated 88 foll￿3..
A budget meetlng prepares the annual trwjdget for approval by the Executrve Commiltee.
The Chlmsida Housa Committee fflonitors the day-to-day operalion of ihe regiStW8d re￿d￿tial care home.
The committee meets on a monthly basis.
The committees are 888t81ed in theii work by serior mBnagemenl, n￿ety Iho bursgr Wbj the manager of the
residentlal ¢arg home.
Connortod charflie8
The soc•ety Is c￿e of around 2(K) similar 80oetle8. vthlch exist Ihrwghout the unl￿ Kingdom to prowdo assistsd living
for older peopl8. Cwperation be￿en kn¢al souet69$ is ￿nSiderable alth)ugtt 98¢h retains its autonorny. Therelg also
an Ltmbrella C￿a￿ls0￿cn. The Abbeyfield Sc¢W. of whi¢h thi8 8orAety is a m8mb8r. The Abbeyfield Socyety is dlvldgj
into six adminlstralvg reg￿n$. Each has its own rgglon81 council composed of volunteers from souebes in the region.
The ￿gIonal officers hav¢ règular meetings each oth&r, so that they ran r8pres$nt the wews of their wion through
nati￿al ¢¢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 AbbeYr￿d Scthty.
Risk mana
ment
The trustees havo 888e8sed th8 major risks to which the 8oc4&ty 18 expo*J. 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 finar￿4a1 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
￿n￿Cial de￿rfbed below.

THE A88EYFIELD LANCASTER SOCIEfY LIMITED
Trustse$' annual rnport for the purposes of Part 8 of the Charltles Act 2011 and Dlrectors.
report for the purposes of section 417 of the Companies Act 2006
For the ear ended 31 March 2024
structure. GovorThqnco & Management (¢onVn￿l
Fin8nry￿ risk mana
ive8 and
Idgs
continu8<1
Pri¢e risk
Thè sc¢lety has bought invest￿nts whth comwl$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 ￿$tomerS who wth to trade on credit tsrms are 6ubJe(* lo credm verffication ry￿￿re$. Trddt dsbtorn are rEview&J
on 8 wuL4r basis and provision is m¥de for doubthjl deb1$ ¥thonever con&dered r*cessary.
Liqwdty and ¢xsh flow risk
The S￿￿￿ty ha3 positive ca$h flows and thtr 1¥sh al bank and in 1$ rn￿e than to sufficiarrt lo cover thè n*Js 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 ests￿l$hed in I￿ and has pursued Ihe fwirvj objects by 8stabll$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
s￿ported sheh&r81I home and the registered resKl¢nti¥l care home.
The socyety cJJrTantty has on• ragiStWgd ￿lden1181 care hwe. Chlmside Htyjse, e*rirg thity reddwts. hcffi8
provldo8 tsventy four hour care for the fr811 dderty.
Chlrn*de House is registered to catsr fty pernons wilh dem8ntia as wdl as the frail ethty.
The souety *rHts consÉderably on tha commit￿￿nI 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 m*Je by the Manager and all the staff in en¥uriNJ th8t all poss￿le prerauthJn8
have been taken to saf8guard the residents.
Achlevements and Porfomiance
The (xcwncy level. a key Irxlic￿Or. 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 vauin*d •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 va￿8 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 h￿sIng un6t8 0￿ed al period end.
No n8w $uOy has been ddivored in the year ofeither sodol hwsing or non-soclal h(MF81ng.
M•tric 3- G•aring %
Th18 metrtc assesses how much of the adju8t8d a88ets are made up of debt and the d￿J￿e of depeth¢e on dobt
finan¢¥.
Th¢ Swety hcAds net rash and cash equi￿1￿nIS th8rolore the rnetric is negative al.13.5%
Metr1¢ 4- Eamlngs 8efore Intere¥( Tax, D•yocl•tl¢)n. AmortiB•tion. Major Ryirg Includ•d (EBITDA MRI)
Interest Cover %
The EBITDA MRI interest cover measure is 8 key indi¢thrfor IKwidity and investment (apacity.
The Sctiety paiil no intere8t in the yearand therefore the metric for interest ￿Ver 18 not appl1￿￿£.
M•trlc S- He•dlirp ￿¢141 houBing cost pBr unlt
The unit cost motr¢ asxèsses the headline soThal housing CLisI pgr unh as defined by Regulator.
The headlino Sc¢1￿ houwng ts)81 per unit is £40.500.
Metrlc 6- Operntlng Maryln %
The OperabThJ Margin damonstrates the profftability of operat¢ThJ assets teforn 8xcept￿81 ¥xp&n$•$ #rv lthen Thrto
account.
Th• SOc￿ty does not Operate social ho￿1￿ 1ottlng$ thofyf0￿ the operatirwj margin 1$ not apFllcable. The op8raliThJ
m8rgln ofth8 Soc*ty as 8 vthde rs 0.03%.
M•trlc 7- Rthm M capltal employod IROCE) %
This rnetric CoM￿re$ 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 ￿c￿l8
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 relig￿S 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 Abbeyf*kl 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 (d￿cIt)
(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 Charlta￿e 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 0￿rating 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 eXp￿dI￿re of £6,021 wag
incurred durlrg the year.
The trust888 c(xisideT the rna￿et Volufr of the str>etys fixed a98818 to be in exces8 of their currenl book values.
Indemnity Ir￿ulanCe in respect of the trust88s Ikqs been Fxovljed by way of a bbd( arrangeM￿t 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 s8￿tIOn as may for th• timè b•ing be prescribed
The socaetys investment PDliGy is a balaru b8lwa¥n lo￿terM 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 ir￿0M0 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 Ch￿90$ in the
enwronment in which the souety oporates.
Total unrestrfGted res$r¥e8 hold at the year 8nd amovnled lo £902.715. Indud￿l Sn unreslrfcted reseNes are designated
reserve3 totalling £486,219 and fvrther details of th&s8 8re given in note 17 to Ihg flnanoal slalernenls. The unrestsicted
rovenue reseryes, not committod or invested in tangible fixed a58els ffree reseNes'l held by thè 80iety at 31 March
2024 amwnted lo £360,626. This equates to approxlmalely Ihreg months of expected opèr8tlng expenditur& for 2024-
25 which is within th8 level as 8et by the tmstees. The tru$leo3 wll take measures in fLrturn p•riods to rnaintain the level
of rtrserves held.
Plans for fu￿rn 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 inspeca1￿1 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 m￿h 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 P￿￿dIng 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 $latemenls In a￿rdance with
appliCa￿e law and United lfjngdorT7 ACCa)unt￿g Standards (United Kingdom Generally Awpted AccountNIg PractKel.
Company Law requires the trust￿ to Prepare Inanclal statements for &ach 17nan¢ial year give a Inje and f•r view
of the state of affairs Df the ¢harity and of the inwning reS￿[ceS and application of rg8ourc8s, induding the income and
exp8ndibJrg. of the d￿rItats1e o)mpany forlhat year.
In preparing th98e ffnarwl 8tatem¢nts. Iwstees ar• wuired to..
8e*t SL1ita￿e artounting polic3es and appty them consist¥ntty',
ob8erye the method8 8nd winopl85 in Chaiilies SORP,.
- makè judgeffl8nts 8nd estimates Ihgt aro ￿sOnatIO ond rmudenl:
- 8tat8 whether the applicable UK Amintlng Stsndard$ 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 0￿ratiOn.
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 Ger*rnl Meeting that Azets ALJJit be appointed as auditor to the
socièty for the ensulng year.
DSsclo*urg of inforniatlon to audltor
Each of the trustees has confimied there is no Infom*lion 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 finan￿al statsments of The AbWi8hJ Lancastgr Sockty Umttod (th• 'tharitabkn ￿Mpa￿l lor th year endao 31 March
2024 whK* cOmprf￿ the ktatem8nt of finanoal pos1￿On, thè b818nce $heeL the staterKnt ol cash flow8 and notes to tho fin¥n¢ial 8tsten•nts,
IndudlTrJ a summary ol signrficant gccoun¥n9 poli￿05. The flnanclal reportin5 fTrrn8work thal has been aprlied In thèir praparation 18
applicabkry law a￿1 Unit£d Trtsngdom Accounthng Standards, Ind￿J1￿9 Fingndal Reporiing Standard 102 The Finanrial Reporbng St8nd•rd
8pplk8bLe In th8 UK 8nd Republ￿ of IreL4nd (United Kingdom Gener¥ltyA¢r*pted AC￿UnI11¥a Pradl*l.
In our OF4nk¥n Btatsmeots..
g￿0 a true aThl f8ir vw4 01 th• 5tal• of Iho cttarflab￿ ¢￿￿PanIS affaiTr as 0131 Ma￿h 2024, and of th8 charitab18 companys irK¢xnlrwJ
resourw and appll¢Jtlon of re&our￿$, induding th8 Cha￿tab￿ o)mpanls incorw and eypenditure, forthe year then end￿,.
been p¥operly prepared in accordan￿ th UnitBd Klngdom Gor*¥ally Ac*eptsd Aexountlng p￿￿"¢*..
havg been pr•par•J in acrAdafi￿ the rryuirBmerts ofthe Ctyyyankw Acl 2026 and the Charitsry$AGt2011.
8aalB for ¢plnlon
We conduthd our8udh In •¢¢ordarxt Intsrnatrjnal Stand*d$ on Audthng IUK) IISAS (UK)18nd appr￿&￿? law. Our r88p0r6ibTr1t￿ under
those standard5 are fUrt￿r desotsd in the Audilovs r88ponsibilitkryo for the SI￿rt of tha finandal $tstements section of our r8POrt. We 8
Independent of the charitable ¢amp#ny in accord8rKe wi¢h the Èthi¢g1 rnquirem8nt% that are relevanl to ¢Jur audit of th& financial stalernents In
the UK. induding the FRC'S ElhiGal Standard, and we have fvlfilled our other8thKat re8p0nslbilrt￿ In Bccordance Mth the8e requirements. We
that1￿ aw11tovthn￿ havè otiÈin•J wffi¢*rrt and approprtate to provbJ¢ ? b•sts forour opinion.
Concl￿1￿rA rnlatlng to golng ¢oncom
In audrting the finanual statoments, we ha¥9 conthjdod th81 the tru8tsgJ' of 906n9 ¢￿¢*M bas￿ of avA)wting In preparnoon of Ihè
riNaniyal statwnents i* 8pproprsaie.
Basod on Ihe ￿Ik ￿ have perforn*, we have not [dantif￿d any mateA81 vnc4rtalnlk￿ relatiny to events or c￿r￿￿On$ 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 188ponsi￿1￿￿3 and ts r8sp)n4bllllie$ ofts truslea5 wlth r88p¥ItOgolng arg dg8crlW Inth? re*vant Sect￿n4 of thk8 repcrt.
The tru51eBS sfe respon61ble for the Olher informaticsn. The oltsvr Inf0rnat￿n 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 $tated In ¢wrmport, not exprnst anyfom olA￿urant* cknnck￿0n thereon.
In connptabn wlth our of the fmanc481 Jt#tements, eur tesponstbilty to r•Bd the other InloMa￿ON and, in doiThJ 50, conslder whglher the
othar infomaliDn ￿ mal&rfalty Inojrtststsnt with finanrial slatements or tyjr knob¥ledge Obta¥￿ In the audtt or othe￿ISe 8pp8ars to be
oierlalty mls8t8ted. If w8 k18ntify surth materfd inconsthnygs or appaont m8teri81 mi58t8tements, #re required lo dete￿Ine wthelher
therè is • material missla18m*)t In the fin•D￿al 5taiomanb or a m*erial m￿tatement of thg Other Inlormouon. 11, b890d on th8 work ￿ havo
porformed, concbjdg trwtthere 1$ 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• Gom￿nI•S Art2006
In our opinm. b#sod on th8 tAvfk undortaken irr the courn8 ofth8 audit,.
th8 infomation gI￿n In Ihg trustees, roport. Ind￿lIng the dlrector8' réport for the fin8nL>al year for *thid) the fiftsncial $t*ments arE
pr¢pored 1$ 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 misstst*nents in the tru8tee8' report.
W¢ havè nothing to re[￿ In respÉ¢t ofts foknth.ng malth in f￿at￿n to thg c￿Pan¢S Ad 21*J8. 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 rette￿*d 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' ￿M￿ne￿Il¢n 8peotsJ by Iw ara not m*Jg'. or
have not all the informoty.on aThJ e¥)￿nE￿o￿¥ ￿ 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 (th￿e off whom arE akn the directors 01 Ihe
chan18b* comp•nyfor the purpo8ts af Cmpany L￿) are resportrs￿ forthe preparalknn of the fina￿101 $latem8nis and for belng sal&￿ Ihot
they g￿e a true and falr vk8w, an¢ for such intèmal Lyjntrol 88 ￿ tru9to¢s deterrnine is n¢ce86ary lo enabk? the preparation of fin8ndal
Stat￿￿￿nts thgt4r8 free from rnaterial M￿Stat*￿[rt, whèther due to fraud ty effor.
In preparln9 Ihè fjnancial jtslements, the trust408 are r85ponsibk l¢r ossessirrfj the Charitab￿ ¢ompanl$ abilty tD continue a5 8 going concern,
#I￿106￿n0, as applitsble, matters related to going cencerft 2ThJ u$ing the goirva concorn ba8L% of a￿AuntIng unl6$5 the tnjstees gtthor Int¢nd to
IlqiMJ•h lh• chaiitab* companyorto t￿$0 OP8rpI￿n* or have ￿ real8hc aTr8matN8 blrt todo so.
Aydltof• r••por*lbllltlgBlortr* •udtt ofthe finanei#l tlatsments
W& have bggn appointed as audttor uThJèr the Companfes Act 2C(e aThJ sect￿n 151 Of Ihe Ch•rih81 Act 2011 and rawrt In accordanc• *ith
regulations mAde under th￿0 ALts.
Our obiectwes •re to oblain rn8son2b￿ assuran￿ atx)ut vkn•th8r the Ilnon(*l stalem¢)ts & a wlbjkn are fre* from maierial mtsstatemeni.
14thether due to ftaud or &ffor, and to i88Ug an auditoV$ 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 M￿statement oxlsta.
Misstatements aris• from frautj or error and arp considerfjd m81gnal rf. lTrJI¥idu41￿ or In the aggrw. they ￿UkI re88onobty be e¥poL*8d
lo Influen￿ the econtyrnlcd8d8lons of usorstsken on the baskry of Ihgae finan(a41 Sta￿￿ertts.

THE A8BEYFIELD LANCASTER SOCIETY UMrrED
TO THE MEMBERS OF THE ABBEYFIELD LANCASTER SOCIETY LIMITED
(LIMITED BY GUARANTEE)
Ext4rtto whlth fhe ¢¢x•Sd•r•d ¢4￿blo of d6tecfkng irre9ul•witl85, Includlngfraud
Irrogulari*8$, in￿UdI￿j fraud, are insbtw of nOn-c￿p1IanC0￿lh L4ws aTrJ r¢gulalon$. Wod8*n procodure& In Ilne with our respcfflslbllit
oullinad above and on the ￿na￿La1 Report4ig Cpuncif8w•tss*o. to dotact Mate￿01 m166tatements in rts0f[ryu￿FiIhw. 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 fina￿￿￿1 $latem•nts. whether due to fraud or erTor. desKJn and porform audtt pr(**durés
responsiv8 lo Ih05e rL5ks: and ¢bl•in audit evkl0￿ Ihat 1$ sufflc￿nI and apwoprtale to provide a btSi5 for our opinKJn. Thr5 indudes
considgrauon ofthe fisk ofads bytha ènw that ￿Pr$ wntrary io 8pplKabb ￿ aTvJ res￿atr.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 Man￿Mert #nd thrAe charged *71h 00￿ManCe 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 re9￿atiOnS to hAVO a dtrect matgrfal effect on the finand81 statements
the cperatK)ts of ihe ojmpany through onqulry and Inspe￿0￿..
Revlv*Ang finarKig1 statement diqdogm and testing to 8upportiTtg doujmentalljn to 09ts15 oynplkgnc* wllh apFI￿at￿O IM and
rnguklKn8.'
Performing 8urfrt over tha risk of managemert Lias and oveNide of controls, Indthlir4 t￿lThj oli0um￿ enlrns *d othgr •Jjuth
for approv￿￿885. evaluating thè busiws rathonafe cl $pJnthnt I￿84¢￿.0ns outs￿8 the nonnal ¢ourse of lyJsine8s reviMnB
a¢rnunlry e$limatesfor indicators olpotential b￿s.
Bec4us8 cl Ihe inhvr•nt llmttath￿s 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 ￿M￿l￿d 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￿ 1*ni￿￿nI mkryrwre58ntat￿$. orlho overrlJ8 of intemal ts)ntrol.
A de5cril￿On cl our responsbilttkn for thg audtt ol th• ffinancL91 ￿&tet￿lS li loc*ed on tr* Fhan¢is1 RapJrtkn9 Council's Mbsrfe ￿..
.frU0rg.￿}a￿itO[E[e8PO￿s1bU4les. This de8crblon lom￿ part olourauditof5 report.
ofour rgport
Thi$ roport is msde 50kly lo the ¢hafft8￿ts r￿panY'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 m￿tser# and tnJsteè8 th¢)se matters we are
r8qulrod lo $ts18 to them In an AudflO￿¥ rewt and for M oth&r purpose. To the full8St 8ktsnt pernlitt￿ by do not a¢e8pt or assum?
sp¢nslbllty10 anyone (ther ¢httn the L*Srilab￿ U)M￿nY. the c*arllab* rA)Mpa￿S M￿b￿r$ ￿ 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 serv1￿6
StatutOryA￿JI¢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¢y*Anwts from:
DonatFon• and 11g•G
Don8tK)M andlggafaes
878
878
Charhabl? a¢ifvitt8s
Residontial c*r8 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 8ndo*m•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 IMponi*tur•l and movernont kn l￿d8 lor
th• y•*r
(29,7881
42A14
1139.7401
R•¢onclllatlon of fvnds:
T¢tsl funds 411 WI 2023
830.513
769.986
1.6￿￿9*
1.740,239
Totallund• •t 31 M*r¢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
Stoc*s
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 fur￿5
1.642.913
1.60D,499
The frnanci81 statements ha￿ been PrePa￿d 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 f￿nanrAal 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
DI￿and$e
The not# cn pag98 14 to 23 lami oft￿se￿￿n￿al atstements.
12

THE ABBEYFIELD LANCASTER SOCIEfY LIMITED
Statement of Cash Flow8
For tho year anded 31 March 2024
2W23
Ca•h Ilows from D￿r*in9 idi%rftt•&'
Net ￿n￿me I lexpnd*Jr•l forthe year
Adjustrnents for..
Depwialon oit9nglb￿ fix8d as%ets
IProfftl I loss on disposal oftan9iblo fix•d a$58ts
Intemt rec8iv•b
IInG￿l I decr•s88 in stor*8
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 ca*h •nd cash •qul7Alents
Cash and c4sh equNI￿nts 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 Ai*effiebJ Lanc8ster Society LvnrtÈd 1$ a prtrvato Company limil•d by guaranlae domlclkd aThJ Erykind And Wa￿. Thg
regL8lefod offir* is Chirn$idg Hous¢. Abt4ynehJ Cloge, S¢otforth, L8nca¥tsr, LA14NL
Ba8kn of prèp8ratlon
The so¢ioty consblut88 a publt t4ngfft entty 8$ d6￿ned by FRS 102. Th8 IOn¥nwl 6tslements h•ve propare•J In a¢tr)rdaneè wth
A￿DuntIng and Reporting by Charities.. Statement of Recommended Pract￿£ AppI￿Able 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 dtsllfft￿hed Infothn control measures were In 5tlll pLgce forthe yearto 31 March 2024 to al￿VI9t￿
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 reco￿ed 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)n￿m.
Ir￿me b re￿nISed 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 g￿ernMent ¢thor gFanls, W￿lher'Caprta1, grants or'rev8nue' grants, Is r•Gogn￿fj￿ 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 compri￿ng reTrtsl income re¢eiv*kn is on a rw•bAt4e bash.
0thgrlnci)m• is includgd in Ihg $￿A Inthg ygar In whfvth it18 ffjc•ivabK9.
Monetarydonation8to thg 80• ar* In the SOFA in the year in they are r￿a￿Able.
So¢l•l Houslno Grants
Sotr•l Housing Grant ISHGI i4 pakl by Hames ErrfJtsnd tD Teduce cost of developments. SHG L% repar4bb under certain clr¢urn$ianco8,
primarily following the salg of a property. but any repaym&ntwill notTn&lty ￿ restrlctsd to th8 net pror￿j$ of sakn of the propety. SHG 1$ pa￿ to
RelliBtered Social Hou8iThJ ProvKlers IRSHPsl to Subsidise capdal costs inojrred in the pro¥ro￿n 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 dO￿￿b￿l Abo¥e are Sllisfied. FolkMng the Sa￿ of 8 property, any
8Dcial housing granl ￿$0¢1￿ted *7th thal property has not ￿en recyc￿ Into a fvrther PmF•ty ￿ recogni88d in ¥05tn'c*J lund$. unbl
such limg a$ rt k8 recycled or b8eomes repay4b￿.
Oth•r grants
Othergrants 8re recognlsed In full the de￿￿￿d obo¥• wo sat18fbd
EXp*KI￿rn ￿QgnI￿on
All expenditura 1$ a¢￿Unted for on an accrual8 basls and has l)0gn dassffied undor hgading5 It￿t aggregala all costs relaw to tha cab3W.
ExFeTrJllu￿ 1$ ￿¢0￿ntsed vkneft there 1$ a ￿gaI or gJn¥twcti¥t obl￿allOn lo make payments to Ihird parties, it is prcèablt that the settlen*rt
will be re9￿￿d and the of Ihe obligat￿n can be nw8ure reliaw. 11 h ¢at•gori5od und•rthe fcIltr￿ng he*JkngJ'.
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 all*xation
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 bu*Jlngs ir**JdeJthElollovrinu'.
il tho cnst of awviring land and bu1￿￿g3'.
ID develwent ey4)onditur8'.
iiil internst payab￿ on Ihe expeftd6tum InCUr￿j up to the dalg of prath91 ts>mplolknn.
C*prtdai•Jn has been prov￿￿1 on dl tsnglb￿ fixed assots at fates rAlwbted to wilt• off Ihe cosl less esknaba residual valu• of each 88sot
eventy over its e8￿MItEd uselul Irf• Hgfollv￿.'
Freehdd buiklings
Fixtures, Mng$ ¥nd equipment
Offlce equw)eni
io%
15%
Freknkl land ￿ noldwroo8*d.
In¥•Btn*nts
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 $6ttknwrrt amount due •lb)r any tr8de ￿￿￿e￿At oiforéd. Prèpwxnts are valued at the amount
prep*J.
Cash •t ￿nk4nd In h￿d
Cash ￿ Tvpre5enled by cash h hand and depcstts ftnanrial Iwtuuons rgpaygble ￿thout pènafy on not4C8 of not more than 24 hourn.
Ca$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$h i￿13n￿1CanI risk ofchw In valL*.
¢>J•r•llno I¢￿•*
Rent81$ Payab￿ under weratin9 ￿SE5 chary￿ tothe SCFA on ¥ stral9ht lir￿ basis ov•rthe olthe kn$9.
PoMlona¢hom•
The yoaety operates 8 defin￿ cothbut•Jn F*fill￿ sthme for certaln of Is emplo)•0s. Conlrbuhon$ 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 amountal*r al￿n9 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 C￿Forthn 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 Inclu6￿8 of VAT.
Fund accounur
Funds held bythe soaety are •ither.-
UnrnstrKiod g9n8r￿ fvrrfJ8
- th•Be aro fund$ be used in aw)rdan￿Wjth the clw1ita￿e etiets docretion olthe Truthe*.
Desb3nat•J fund4
- these are fvnd$ Set ashde bylhe Trustees c￿Of unreslThthd g¥n•ral fund5forspedficluture p￿P￿¢S or kYo*ds.
R85tnd*J funds
- fvnd$ that (sn onty be for parbcular restrfthd purpoaeavthhin the objacts Oft￿ society. Restrithns ari* when specified by
th? donorN*l)en lunds are rni98d fu partKularpuwo5.
Flnanclql Irmtrumgrts
The sec*ty On￿ h08 fin￿¢￿•1 •$50ts and finarKkql liabl1￿0& of a klnd that qualfy a5 basK fI￿d?1 Instwments. Ba￿¢financIAl Instrumènts 818
inthalty rec4gni￿ at transa￿KIn valuè and measured atthelr settknrn8nt valve.
The soaety dildo888 tr8nsaction$vAth ref•ted part*$. Wher8 8pproprfate. trans•dK￿s of 8 similar naiure are aggregated unle$5. ￿ tho o￿nIOn
of the dir8clors, separatedi5d05ure necessaryto uTrJeTstand th¥ eff¢rt of th& transathorFs on Ihe company fina￿la1 8tat*)wnts.
fjrnpwes hav• rerbJ8red to chaiity. short4èrn Bfflpl0￿ t¢noflls lo whkh the employees arè èntitlèd are rec￿nISed alt
urx1k8counted armunt expect8d lo bg palJ th exchange for(￿t st￿￿•.
Th• L*artyop8rat8s a definod ¢OnlfbutN)n pLgn forthe of ffsernpl￿￿. ConIrfbJ￿tsr￿ arè w8n88d 88 they b8come payable.
Jutyientsand key souY¢•s ot•Stknallon unc8rtaknty
In Ihe opplk4iion oltha Ch8rit8bk8 ConynY$ a￿untir¥J pJlldes. thè drectots are required lo make judoemmts, estThnates and a5swnpknns
about tbe f￿￿￿0 8m(ymt of a58et8 and lithlitw Ihot a￿ not rFadily apparent frcffl other sout￿. The fjstwnat•s sid assoa8tsd ass￿￿1￿)
are based On hi510rK81 eyp81ienca other fac*ws that are¢￿5￿r0d to rknont. Adval ￿Ults rnaydwferfrom these 8stimate5.
The eslknat85 and underf￿*vd 8$Jumpt￿#Is are on art Revfj4itirn tts &counting •sb"rnatsts aro racognL8ed In th• r￿jr￿d
in wh￿h the •8lmatè L% tevtsed Whe￿ r•vi$ioTr aifecl8 onty that periLNJ. or In tho pwk#J revi￿on and fv¢uro wrfod$ ¥th8ro tho r•vl8lon
affects both C￿r￿n1 anL1 p8rpJds.

THE AB8EYFIELD LANCASTER SOCIEfY UMITED
NOTES TO THE FINANCIAL STATEMENTS
For th• year onded 31 Mar¢h 2024
1. In¢omlng ￿*￿￿0$11¢M ¢hwStablo athNI¥•
Unrostrfctsd
Funds
2024
R•strfGt•d
Fund•
2024
Total
Funds
2024
Funds
2023
RosKJential care fees
0lhersur￿ry inetffl8
1,224,023
1.224023
188
984,995
501
7324,211
1,224211
985,498
In the pdOr￿rtotrl inwnlng ras(¥Jrw fr¢m ¢harftabb athit*#were£985,496, 811 olwhth was unrnstrithj.
Z InnthI￿t Incom•
Tolal
Tot81
Funds
Fund•
Furyl$
Furwjs
2024
2023
Buikling soc*ty 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 dvthl**was unreslriebj.
3. Anaty515 of 9Xp￿dItuIQ +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 off￿j a5￿ts
AdmknlBtratfvo support ¢06ts
Payroll W$15
AbbeYr￿d Society affilialon
Othorsun¢ryexp&n$es
Dgpred8tlcffj and on di8PC481 of fLxed ￿ets
Govornlnce costs
In*én(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)r￿artQIal 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$ rgMun0rat￿n
Audito15 rnmuneralion.. as athllof
Auditoey remun&ralion.' other servEc8s
Depre¢ialK)n uf langibk ftxod as$•ts
Opèrating18ase payrnents- equipment
iQ085
9,600
3.776
51792
16.042
3.518
53,362
15,785
& Staff crAts and numbg
2024
2￿23
Th& augreoate PWII and 8gency$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 •mo￿Th￿￿ ofmre thall £eO,IXQ In thertha ojrrwnt orpr0VWi YW.
The 8DCW depends con$idorably on Ihe C￿mI￿rent and enlhu5ia8m of ts volurtsers. th• management olthe through the varlous
¢omrnitt••s. ss undertak8n by ￿lunteerS. Volunletrts also wovidg s￿Dm¢an1 Um• and èffort In a$¥￿ting with Iha day (o day OFef4tKJn of lh8
The av8ragè monlhty nL4hbèrofwptoyegs ¢JurfrvJ the yeor*pr&.".
2D24
Numl)w
2023
NuTr*bor
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 ￿rot￿￿￿1 w¥$ pa￿ to M¥$ A K Howson, g dkOLloi and trust09 of the 8v*.
0$ perrnitied bythe MemorandLm and Arbdes ofAssoGiattcn.
No rerrÉun8ra￿n 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 aMounts￿re pak1 durfry Ihes*81.
Ourfng Ihgsparlhg 9)c4ety pald £51,72712023-£46,759) in rwnunwalloft to kay monaomnt r*rwnnal.
7. p*r￿On 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 arn￿1 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
D￿POSS
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
O*pJsals
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
1,702￿76
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
2￿3
Tr8d8 debtor¥
Other debto
PropayTrtsnts
Awue(I Income
67.221
18.878
18273
t￿89
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 d￿0$￿ a￿OUr￿
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•l*lllng 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 nUM￿raf 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$10 recowed from ￿k￿nts forp¢rityJ¥ #ftèrlhe year end 31 March 2024.
15. Anal￿18 of n•t a82•ts betvmenfvf
2024
Total
Fund8
Fund•
Funds
Funds
T•t¥Jfoknl*Ked a8set8
CurTgnt a6Bets
Curffent Ik4biliti88
64870
46B.874
1940481
362fv78
124741
740.1
1.168.548
582N15
I￿.048
416.496
404219
74I1
1.142,913
2023
eral
FuThJ8
C*slJnatsd
Fund8
Total
Fun
Funds
Tangible fixÈd as9et$
Curth assets
Cutrent liabilil*S
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 c￿￿tal 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
TL*I unY•8trtct•d fund8
940.465
999.874
11,0842631
125,5631
830,513
F￿d ass•t r•strfr18d fund
799,T14
799,774
129,788)
(29,7881
TrAal Th•tr1¢￿lU￿d*
769,986
21

THE ABBEYFIELD LANCASTER SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For tha yoar ondod 31 March 2024
17. MOVW￿9nt In furyls (c￿*)
of de81
11 Sw*nson Burnary Fund
This re$er¥e refleds donativ￿ Hnd ￿gade¥ re￿1%￿d whtth ￿11 be uwj tts 8i&st re8tdents who unabb to ftwt the cost of Iheir
commodalion.
ill Repalr• rn8•FV8
Thls re5aNe r¢pro¥enlB an amount set a¥￿t to carry ovt futuro m8jCf repalrs on c(Mmpknted housing propth. Th6 of the fftsttve has
t&n asses8ed by Ihè trJsth•8 In thè Ivjht of the ojrrent CondHi0￿ of the proporty. the proba￿9 eynd1tu￿ woired in the foreseoable luturè,
aThJ the aVal￿tillY of graTrtslor wor
1111 Charrllble coptal exwKlhur• rM•N•
Tha ¢haiitabkn CapNo1 Eynditurn Figwve reprewnts the ngt of the so•s prcperty •ft•r lh• thdudon of grants r•c*fv8d ond
doprgcmlon. The transfer ts1 £6.029 from thm reservè lo the R8¥enue Ros•rv8 in the year othj 31 M•tth 2024 rekYe8ents the depr8uation
09olnsl unr88tricled funds of Chirns￿O House property forthe >*8r.
Iv> FLx•d xsgt Y•5trlthd fun#
This reser4e tel8t6s to wital expendaur• bylhe ¢hartyfund&J from grants rec4ffta lor that purpos
18. FSnan¢lo1 Instruments
2024
tnanrAa¢ assets measuwd at amortl¥¢d cost
205,761
113.412
Fin4nrAAI a58ei8 alfalr va￿￿ through proft w k>
380.921
336.815
Flnant481 liaknli*o$ Me￿urEd ot wnortmed ¢05t
15JJ30
15.930
Finan¢iil as8818 me88urnd at amorU8ad c(*t compw..
Trada d8btor$ 01£57,22112￿23.. £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 fairya￿9 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 c￿t comth..
Trthle cr•Jitors of£15,030 {2Wd3.. £15,WJO} as detail8d in noto 13totheffinanGHI 8tst8meTrts. b818ne48 arg I￿1h5n 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•l1*soc￿ty h•J out¥tsn(Ing g)nwnlments fw firty￿ mlnlmum kne pa￿nants undw nortyrAnMI￿kn 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 ¢<mmI￿nts amountSng to£Nil ROZJ- £Nffj.
21. OpDrating ¢o9ts from 18llirys
2023
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Servlres
Man*Jom￿t
Rou￿￿ m￿nt&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 patytsan5aL*ons dvrkng th8 y8¥rl2023'. nor￿).