Rcgi%iiaiioii numbcr. 01)781142i The Abbeyfield Fareham Society Ltd C'oniinittcL IDiieLIui'51 R¥purL aiid Uiiuudited Financial Sittiements tor (hL Ycar Ended JO SLptctnbci' 2024 PalniLr Riley & Co Chariwed Aewunlants Slundai'd 'llY Fai'¢hain P()1 () 8XT
The Abbeyfield Farehxm Society Ltd Contents Compai)y Information (:haii'inuii%' l<cport 210) Iiidependent ENairiii¢i's Ilewki'l Consolidaied Stalement i)I'Compiehensii'¢ Income Siatemtiit ot'LI)an8es iii Resei'ves Noles lo tlie UnJudilLd Fin¥illLial Siaieimei)t Ioto 17 Deiailed C'.onsolidated Siatenieiii of Coiiipreheiisivg IiiLonii 18to 19
The Abheyfield Fareham Society Ltd Company lllformation Chaii'iiiAn Mr T. Ayles Dbrettors Mi. N. I Iniv--l-rea%iirei' Ms J. (ii)uld M% l.. V. Millcr Mi. ts. Tr'ajlor CoinpAY secretAry M5 J. Spri Registertd offiee ?4 Easi.Strccl Faichani IJOIOUBY Palniei. Rilej & C'o Cliai'Lcied A¢countai)L Isl Fl()or Unil E2 AteountAiits staiidai'd Wa), Fareliani P0168XT Page I
The Abbeyfield Fareham Society Ltd Chairmans, Report for Ihe Year Ended 30 SLp¢eniber 2024 The dirL'Ctors111'Lis1¢¢5 preseiii Iheii. I'Lp(krt aiid ihe linaiicial siaiemcnls r(Ir il)e ycar Lmdcd 30 Scptcmbei. 2024. DIretiO of tlie company Thc foll()Iving pci)ple Ki'¢r¢ diiL"Ltorslti-ustees i)rthL cliarilv eithei. lin the daic of apwoi'al of IlTre rLporL Lll. scn'ed duriii& IliL finaiicial pei'ii)d IEwrtLd. Mr.% F T4yan IILsigncd 31 May 20241 Mr5 A. r)aiiLshvar Ii'csigncd l Jiinc 21124) Mi. B. Mori-is Ir¥si¥iied 26 Atigiisi 2024} Mr% S. I lill - Vil¢ C'liair Ii'csigiicd 23 October 20231 Mr N. HOM,. TreJsur¢i' Mr T. Aylcs- C.hairmon Mi. P. DaiiL'shvai' Iirsigti¢d l Jiiiie 20241 Ms J. (Tould lapi)oiiiitd 10 MJ) ?0?41 Mr (i. Taylur lapwinled ?0 2024) Statu$ Printlpiil 4ICtlvlty defiiied iii ihe I Inusing Aci l L)74. lknci-c has l)eciJ Lhaiioe iii ihe a¥Yitrities ol'ihe socieiy duriiib ilie v¢ai'. The Sociely ib.. A LODiP<lii}, liniiled l)y giiaraiilee (Nurnbti. 07804231.- hoi'img no.%haie capiMI. ai)d 'th 501ely Charitable IILgi%icrcd charity INiiml)ei' 2J?5311 Re¥isi¢i'ed M'itli Ili¢ Housiiibp C01'PI)I'atioii as & R¢gisiei'ed SoLiJI Laiidoyd (Niinibci. 1-103011 bject5 and OrgAnisation 'I'l)c conimiiiLC sliall Loiisi%¢ tsf no le&s Ilian 3 and more Ili)n 18 Coillmitiee niLnibery. Tlie conimiltee has tlir POMrr tt) appoiiit F.xecLiliwe Commiiiee Inenib¢rs Illl a LdSLldl vac4lJlLry. Oiie Ihird of lh¢ Excciiiii'e Coiiimiitee Inciiib¢r.s mu%t i'eiiir bv rotatioD ea¢h bul are eligibl¢ foi- re-electi(In. 'l-lic society is a m¢mbei' ut the Ay11¢1 SoLieiv liv paym¢iii OI aniiiial 5ubsci.ipiioii. Page 2
The Abbeyfield Fareham Society Ltd Chairmans, R¢port for the Y¢ar Ended 30 Seplember 2024 Risk 1#ge¢t -ht comniiticc 11)ireciorsl haijc ov¢i?11 resP()nsibiliiy fur Llibul'ing tliai the si)ii¢t)' hJ5 &ppI'opI'iate syste$ of I.eon&Ie, but ni)1 absolutc. assurnnce against malci'ial Inis%taLcniLTII Trl. ID5s. 'I'hLy inLliidc annual IiiidgLt, appi'oved by tlie il)niiiiiiice IDiieLtoi'sl. i-¢¥ular i-evieii- ot actual resul1% und variancc% 11.0111 budget, and dcle8aiion af authoi'it) Jiid segi'egalion i)I'duiitS Js lar as w%sible given 51affing levels. The Lominittee IDitTCtI)TsI uill Continuc lo moiii101' 1'i%ks aiid sct up i)i)Iicic5 lo niitigate Ihem. Revltw of Hu5iiies5 Results during the year We. tliL cxecutii'c.% ()I' Ilic Abhc>'licld l.'arLliaiii %c)Li¢ly, have coiitiiiued 10 tai-ry out its objeclives ofproviding tlie AbbL}'field SuLietv, Iii a liomely and liapi)> et)vir()11nieiii. l-he linJnLial I'c.%ulis toi. tIIc yLJI- arc %el out iii Ihe IllLun)e eipeiidilure accouni oli pJ¥e 7. Tlie posiiioii at l ain vcrv pl¢a5¢d i(J repori that de8pil¢ miin% cliallenges thmiighoui Ihc ycar: Ii'c hE?iie liad a vcr). %iiccc&sfiil cli .4ame rc-DrganisRlion Dl-Ihe%c c¥hjcclie.s. I'his has Irainly be¢ii in r¢speLi i(1 ihL upgiadiii¥ or rile dool'5 Wc al'e ii)iiidliil ot'tlie Losl ul'lii'ing and eiier¥y rises. We liave LOI)iii)ued 10 be aiillre ot'ilic ri8k ot'C'.ovid rinai)ues bul liavc linL hL.%iiatcd In eiiil)ai'k 01) PYDjfLtE lft lieli) Oul. ILsideiits and iii(Ik'e Alibejfield Fi'Lliani safLr ¢ind a happiei. plLiei for (iur Ir5idtnts Éind.qiafl'.-l-hi% can bc 8ccii in tli¢ d¢coratioii ol'ihe C'L)nseYi'iilOI]': diiiiiig rooiii and I'ecarpeting ol'soin¢ are<lS. TIIC Ll'ealioii of a te&cotTce ba¥ in Ilie C.i)n.qcii'alor)' ha% l)ce11 a Thii)iighoiii Ihe veal., I4'c have.%een sotnc residcni% having tiTr tniiv¢ oli w'heir Iliry liai'e b¢¢ii iii iieed Lil'rnoi'e care. Ile l)<itre beLn lorlunaie Iliat lour lic1 resideiiLs havL joinLd us. -l-liank$ 10 tl)c el-torts Dt-our I li)us¢ MaiiaB¢r, IIL iiiaiiaged w iiiaiiitain 16 rebidLTriS Ii'ith a 950/0 plus OL¢iipancy i'all. Thi.% ha% grcaily liclpcd iTrith to thc hoine. Tlie liigli oecupaiicy riile has had a N8itii'c cflccl on our l)alanct %hrct dc%i?ile Il)c higli exiJciTrdiiure ol. lire door upgrndes and int¢rndl refui'bishmeni. This alltsiis for fu11hLr invesirncnt in IhL homc. 'rhc14Dard Df'FI'u.%lcc s ha% changed signilicanil), thi5 year iNith PdlNii AnnL Danedivai., Francis Rvatt, liai'L lui'gLly be¢n r¢plaL¢d b). Jaiic CJould, l.orraine Millcr and ITai) l aylpi.. C)Iir I loiise ManagLr Julia. lia.% lJk-eii uillei. Jdde SLe¢le s roll as C'oiiipaii), S¥¢I-L.ry. Anne Dan%Lliiyar 1% c¢)iitiiiuiiig a% a v(Jluiiiccr but wc M'ill ¥i)iild ivelL(Imc fi'115tees and vtslunie¢vb iu join us. PdgL 3
I he Abbeyfjeld Fareliam Society Ltd Chairmans, Repor¢ for the Year Ended 30 September 2024 l ani pleasL'cl li) s4)r our stJll'tiirnDI'er is vci), IDii,. ()Iii' loiig l.'inanLial Admini%ti?tor. Pam Ridg¢ii'aJ, retirc(l in l.cl)wai)' aiid ha% Etcn rei)laLcd l)y C.tir(?liiic %i()ck, Ivhi) ha% 8LiIILd iii to the tmisiliuii i.-¢ry well. Our mai-k¢ling and publicity caiiipaion 10 piiJmi)te AbiK'yfield iii Fuieham and be)'oi)d is i)ii¥i)in¥. Our parti¢ipativn iii FtirLhJni Lolt¢iw pl.0 id¢s a publiLliy Jnd sinall donutioiis. Oiir poliLy is Iu Lvllliiiiie lo advertis nd us¢ repulalii)n li) JllraLI new ie%icl¢iilS who SVL'k io live ai AbblIcId. Wc lind thai majoriry ot'oiir rtliri'al% arc iiiadc Ilirough Al)hcylield ii'ehqitc bul oeca%iDiially by iix)i'd of moiith. Man), applicants arc not able li) lji(c indcpeiidcntly aiid are in nccd nf moi-c cllre Mrll beyond our r¢mit. We coniinue to i)ur fInLeS Cdl'elull). and Ina]nl OLir liCY ol. hnlding sutlicient I'e.suTr'eb to %uppiiri lo iiin hclow c%ptndilU1'C. With thc I'lsino c051 ofiiving and ihc hugc incrcasc in our ¢l¢LlriLil)' itnd gi bthll, we need to cniitinuc b) Ec cv¢n Inor¢ priideiil. Huii-e¥er, th seeil belo¥v IiJwe nui h¢sitJl¢d tu Lafly uul oiir %s¢Dtial mJinienance und majui. Iniprov¢m¢nl Pl-VjLxIs. Maj(br linprovenieni Activities in 2023-2024 rLsiLleiiL% and 51all.iliii?ughiiut Ihe ycth.. Ii) additioii. li'e liaie albo ¢w'i'icd aut thr ltillL)Ivin8 niajiii. reiiovolion Dnd Im1]VeMe171 i)liijc£I%. SuLi¢ssion Plaiinin l am ple1$ed to say Iliat tli¢ '%ucc¢ssiniTr lllan i() mcrgc the prci'ii)u.s 114.0 hou5cs inlo nnc now complete. I'ighil). (Icn)on.g114lcd b>, tlie renuinbci'iiig ot-lill I'ooin5. Kvhich inLlud&s foi. Ihi pix)posed coni'wsiun ufth¢ foriii¢r kiicliai and Jii)ing IDOM. Tlie l-luusc Maii&4er Ll)niinues li) play a i)ii'ulal mle iii Ihe dav li) da), Iu11niiig i)I'Uic home aiid undc112kc mucli mole IhJn 1.4 gcnei'ally .%ccn. slic cDntinuc% ID tirk ii'cll al(Ingsidc 51al'l'. I'esidents and Trusiee's rii'c Dooi. Up&yrud¢ li ilie hninc. li'c Iound it neccssai). lu Irplacc and iipgi-iide a laige rtLimb ol. Iirc do(irs. Du¢ soine dilliculiies £40,000 R¢dccoialions --arl). in Ihc yL'ttr ihL diiiing ri)om and c0115eiwatoiy iecLived a fi'esli Loat ol. paint. Mie prudcDL¢ of()ui- FTtsuge Monager being bhom'n b> IEcJcling the I'e(lun(lunt kil¢hen uttils I'ri)iii N(126 li)I' Ilie new l¢OLiillee bar. Tlic red¢Luraliuii of d)e Lvi)Iniuiial areas pul un liold iiiitil afier tl)e tire do(Ii' ii-oi'ks, with a rtOTgani%ation of notlLe5. ncw piLiures Dn the N4'alls and iiew carpel in.qomc parts. thcsc ai'cas look much hrightci.. Cosi or ai pYTryimIpl1.' f.fiflOII We coiitinue iv 5Jlegutird our repuiaitoi) aiid ciideavoui. to eiiliaiicc il b}r beiiig oiie ol. the l)eEI Amoiigsl the Abbeyf1Llcl lainily in pi-oviding supp011ed housing and upholding Ihc eiho.% ot our founding failiei. Ri¢hic rd ('ari'.lifJllllTI. Page 4
The Abbeyfield Fareham Society Ltd Chairmans, Report for the Year Ended 30 Septeniber 2024 utuie PlaEIS 2024-2025 Plan5 beyond acL DUL l(1 Ilie iintoiysecn expenditurc oil Ilic fire diwi. proj¢cl aiid essei)ii21 cxlei'ior iiiaiiilaia11Le lirks, Ilie pr¢i'ii)usl) pi'opo%¢d pix)j¢LI for the ciinveision of the rediiiidant Kitchen and diiiing I'i)om has been hcld ovei. Exleiini. WThi"k Exiei'ii:Il InainteiianLe ts) the sovih side of tlie biiildiiig has cvninieiice and pait i)r Ihe on-gliiiig maii)tei17ce l)c rcinnycd IL nd I'cplace(I beli)If PJllll1n. Othtr InaiiiteiiiL n¢Y Ii'(Irk li) the roi)l-aiid di)i-ma'.% ivill be underiiL kc11 Oliv¢ ihe ivork (D Ilie Souih ¢lei'alion is ci)mpleie it is hopcd 10 coniinuL willi redccoralioii and ii'indoM- We iiant to c()niiniiL ith kLcp (iur good iinagc and repLilation in fareliam. Th¢s¢ ii'orks are inLliided ivithin oiir PI'OPL)Std budget 101. 2O?4-25. Thc ii'idth of Ihc I'chiclc cxii has long been ali IUe Lu di'ii'ersy partiLulai'l)' lar8ei' d¢liverv i'eliivle5. Widei)iiig of Ilie exit is limited oli the Wc%l.%idt b> Ihc laigL bccch Ii'ee bui tlicr¢ is scoi)e 10 ddjusl Ihe sti)li¢ Iv11] on Ilie E( side. Willi Ilic lielp ot'a kind and gei)eiy)us donation a 5rnaDili Inotp&ili is planii¢d aiDund ilie 8ai'dei). Tlies¢ iiorks have beeii delayed due to Ihe dclavcd cxtcrioi- iiDI'ks bul i111 bc tinishcd li)I' the spriiig. l-li£'l-I'Eislce s i%ill LUlltinu¢ lo w¢lLome diid Liin.4id¢r suggestioiis fivin boili statTaiid IL%idcnt8 tny pmjccLs lai'gc w)d small w'hicli %vill cnlianr¢ tli¢ c¥perienLe, enjoytn¥nl and ¢nK'iroiimeni iii uivuiid the houses. laJdep¢nd¢nt b4xaminer 'l-lie ¢Necutive Lomlllltlet IDii'¢cÉ<)i'sl iiilend to ask the cxisting acLouiiiants to iindeitskc Ihc iiidepLndL'llt Flxed Asse15 Laii(l aiid buildings iveiL lasl i'alued on 19tli Januar! 2023 for £2,QOO,000. Tlic valualioii tai-ricd out bv 14ci'iiai'ds Lsiale Agenis in faieliaiil. Tl is iiL¢¢pled Ilial Ihere ale alN'ays fluclualion.% iii Ihe pyoiitrty marbki. Srnall coniijanles provlslon statenient Ihis repori hJ% bc"¢ii pi'epared iii &LLOI'dance ii'ith IhL spceial pmiyis10115 rel2i ling to c()mpJnics suI?jeLt i(i the small comp<iiiie5 fLgiine WiLhin Pdi'i l i ul-lhe Coinpaiiieb Ail 2006. Ai)proved by Il s)1i 13 Jaiiuary ?0?5 aiid signed on il% behall. by.. Page 5
Imdependent Examiner's Report l(J the Bnard of DirLCturs the Preparation of the Unaudit¢d Statutory ALCOllllts of The Abbeyficld Fareliam .So¢iety Ltd for the Year Ended 30 Septeiiiber 2024 rei)oi'l oli L5ie liiiaiiLial .ta(Cli}ellIS tor Ilie SoLiely tor the ycar eiidcd.3(Iih septemb 20?4 1i,hich &it sei oiii (Jn pages 7 to 13 aN(l ii'hi¢li liave been prepared ui)(l¢r Ihe liiblOI'i¢JI CtsSL Loni'tiiiioii aiid Ihe &Lcoiiiitiiig ptslicies set Re$p¢¢tiw¢ respoiisibilit?es of the trustees xiid txamlner Act) and that an ii)d¢pendent £¥umih¢ill()n Is neLdLd. It is niy responsibility Lo.. xainine the finaiicial staltinenis 1511der seLiiOll 14.1 ot'ihe Chui'ili&s ACL seciioii 14515llbl ol-tlic Cliarities ALII; Jiid Bdsis of iii(leptiid¢nt exHmiller'5 Stateinent M)- eiaiiiin,'ILion ii'tis Lal'riLd oui iii aiLiirdanL¢ ilth the gencral DireLlI()ns given by Ihe C'h31'lt)' Lc>Minissioii. An CX411ninatinn inclkides a rci'icii ot'tlic C011nling I'e¢ord8 kcpi by the Lliarity. and conipai-is(In (Il'the financial PI'QLcdurcs iindcrtakcn di) not proi'idc all IliL' 11deliCe that ivauld be Ic4iiired in an aiidit. and conscqLieiiily iits Ind¢ptiJdtiit examiner's statemeDI In connLCllOlI l¥ltli In). cxaiiiinaiion. li() IMaitLr lias come io rny attenlion.. I I iiliich giNe5 iiie reasonable cause lo beliei'e Ilial in any rnaL¢TiJI 1¢5peLlS Ihe YLquiiemeiils.' i. keep aLcounliiig IrLor(Is iii ilLLC)Ixlance wilh sectiun 130 ofihe Lharilieg Acl,. and wilh tlie uccounting Iwuiremenis ofihe Chai'ili¢s Ali liai'¢ ii(Il bien mei; 1>1. ?) t() ii'hivh. in tiiv (Ipini051. allLniion Should bL di'uwn in i)rdeT lo enable a proper iiiidei'slanding ol-thL linancial %tatemeiits t() IIL reaLhed. G Cii'ahum AC.A PJlni¢r Riles & Co Charteird ALL(KiniJnis FJ1-charn I Iciglits Standai'd Way Fareharn P()16 %X'I- 8 Janiwr>' 2025
The Abbryfield Fareham Soliety Ltd Consolidated Statement of Comprehensive Income for the Year Elided 30 September 2024 2024 2023 Note -1 Urn1r 302,165 247,177 Cost ot'sales 126?,0581 1241 7481 4fl,107 5.929 A(Imiiiistiwlive expenses Otliei. QPLfdting iiicorne 6.?81 i.974 Operating sui'plus 4C).285 9,785 other iiiteirsi Teceivablc aiid.%imilar incorme 4,169 1,739 Initrrst pavable and similar e%peiise5 17.8921 17,0421 li.72il Surplus before tax 42,56 4.482 4.482 The S(>ci¢ty s onli aeliviiy is tlic plVision ot-8htltcied hiiiisiiTrg. Nii upErali0115 have btti) disLuntinu¢d or acquiied diiring the year, and thc amouiiLs aboi'e ielatc cntiiel! io -rile nolcs oli page5 10 1(> 17 lorm iiil¢gii'al pail of Iliese liiiun¥ial sialerneni5. Page 7
The Abbeyfield Fareham Society Ltd (Registration number: D0780423) Statement of Financial Pusition as at 30 Seplembcr 2024 2024 2023 Note Flk¥il 95StlS 714..117 686,5)2 Cui'r¢Mt Assels Dcl)lors C&8h at bank wid in hand 4.(?X4 187.621 4,723 172,079 192.305 176.802 Crtdltovs.. Amoiiiils lallinuj due withiii i)ne year 120.3791 114.i031 Ntt cui'rent assets 171.9?6 162,499 Total 8ssets less current liabilities 886.243 849.0) I (.'reditoi'$'. Am(Jiints lalliiig duc ali¢r nii)Ye than one )'¢ar 183.8401 Net as5els 807.77? 765.211 Reserves Relaiiied trdrniiigs 8n7.77? 765 ?11 8117.772 765.?1 For die finaiiuial v¢ai' vnding 30 Scpieiiibei. ?024 111¢ coiiii)an! cnlillrd lu exemptioii from aiidit iiiider section 477 ot'tlie ('.oiiipanics Act 211(K) relatin8 10.8mall companies. Appi-cived aiid Utlioi'i%ed b}. tlie Ilciard 01) 13 Janu21y ?D25 and si&Jiicd oli i Mr N. Hoii.. Trea511rLI' DiirLtoi' Lhair Dii'eLtI)rs' Irsponsibililie5'. Tlie niciiibcrs hawe nol ie(iuirL(I Ilie cottipaiiy to obtain an audit ofits. alLvnI5. r(Ii' tlle yedi. 111 Liuesiioii 111 acci)rdance i4.ith 5¢¢110n 47(J: ond Tl)e dirccloi's ack11011-ledgc tlicii- rc.¥wnsil)ililiC8 lar coinplying willi the requirements ol-llie ALI M'illi IrspeLI lo aLcoiiniillg reci)I'ds' and lh¢ preparation of dLLuunts. Tlic noie5 uii pages 10 lu 17 forni ali inlegral parl of tliese fiiiancial %ldlellielits. Page 8
The Abbryfield Fareham Society Ltd Stalenient of Chang¢s iji Reserves for the Year Ended 30 Seplember 2024 RttlllllL'II eArnings Al l Ovlobei. 9023 7(ii,210 42.5(?2 76i,210 42,562 AI 30 Septeiiiber 2024 807,772 8V7,772 Retaineil earnings Tolal Ai I C)Lt(JiL"I. 902? Sui-plis loi. the >car 7()0,729 4,482 760,729 4.482 At 30 s¢ptilbe1. ?0?3 76)211 76),21 Page 9
The Abbcyficld Fareliam Society Ltd Notes to the Unaudited Financial .Sf¥tements for the Year F.iided 30 Septeml?er 2024 GenerAI informatioii The LCTrIIIPd51y IS d LUlI)paiiJ, liiiiiied bN' gLiaianlee. incorporaltd in I"'nsland and WBlc%, and c()n%eqiienll) doe% ntst have sliai'e caiiil<l1. I Ch of Ilii Ir¢DIliL'rE i.s lil< hle to ¢i)nti'ihiilc an amouiit lint &NLccding £Nil the a55cts ot thc ci)rnl)4lny in thc ccl ol. liquidalitsrt. The addiess ol. lis iegistered ol'liLC IS.. 24 1.'asl %ti'cet Fairham Hanls P0160BY 2 Accountillg policie5 Summary of sigi)ifEcaiil accounling i)nlicies niid kc). acctsuntihg estÈmtts -rht%c Pt)IIcies hai'e bccn ci)nbislcnil)' api?li¢d to all thc ycar% iircscntLd, ynle.% oihen¥i.sc stJ(ed. Staleinent of colnplice ThLse linanLial siaiem¢nls have been iilL"par¢d in aLii)I'daiice ivith findncial Rrpii)riing slandal IU2 Scclioii IA B¥si& of preyar#tÈon Tlie5e Iinaiicial biJl¥niLnt5 hav¢ b¢¢ii yii'epai'ed Usilib iliL lii5u)rical L05t ¥oiii'enlioii exLepl tliat a5 disclosed in Rtveiiue rtcogiiitioii ot'seiviLe5 in the orLliiia1'v Loiirse ol'ilie C'unipaiiy b a¢lii ili¢%. TuiTruiJei is 5hvii'n iirl ul'sales, returiis. I'ebate Tlie Companj tecogiiises I"wi¢nue ilIe1)". Tli¢ atni)Iinl of reveniie Laii bL ieliably IneabL1I': and speLifit cyiteriii hai'c bccii MLI lor eacli of th¢ Q'oinpuny's tstiii'ilie* Tan%ible a5set¥ Tanyible lSsets are staled in the slatemEii¢ i)I' financial piisitiun al cost. Icss cllly SLibstLiuent accumulaied dLpreciation and subsLquenl accuiiiulal¢d iiiipairincnl Ic)sse%. The ¢osi of iangible assetq includes direLtly alll'ibulable incr¢m¢iilal v0515' InLurr¢d iii ilieir a¢4uigiiion dnd Depretlation Dc[Iir¢iation is chargcd 80 to writc ofl'the c05t of assets. oth¢i' than land and propa'ties iind¢v con51ruciion ow¢i' theii- esliinaled USL.ful lives. a% folloiNs.' A4sct cla5$ DepreciAtion method r4tt Ci)Inpiitcr eqiiipment Buildii)gs 33.33fjkn bts'ai¥lit line Pag¢ 10
The Abbeyfi¢ld Farehani Society Ltd Notes to the Unaudited Finaneial Statements for the Year Ended 30 S¢pt¢mber 2U24 Casli aiiil cash equivalenls C'ash tsiid Ldsh eLiuivaleiils Lollipi'isl La%h vn hond and call depo%iL%. and other shOrt-t¢ lTrighl}' liqiiid I'rad¢ Ilebtors radL' del)11)I's air due fwin cusloinei's loi. Inci¢hai)dise sold or servi¢es pei'lomied in the oi'dinaTh' cnui'.4e of busine&%. Trade debiors are Iwogi)ised iiiilially ai tlie transact10111)I'ILe. Tl)Ly are %ub.%e4uentl)' Incasured at aimurtiscd ci)5l Iising lh¢ LffL'Liive ililLfLSt method, liss pri)vi5ion foi. impLiiiIMeiit. A proi'ision for the iinpaimient i)l-tftidc due accoi'ding to thc ori8in?L I l-17$ ot'ihe receivablcs. Tra(le credltor¥ Tiad¢ cr¢diloi's Ji'e obligations to pay foi. g¥i)od5 or seivices tli¢2t1l¢iire beeii aciiiiii'cd in ilic oi'dinary e(iiii%c of alier ihL IL'pvrlin¥ date, the). are presented 4s Iii)t)-¢urient liabiliÈi&s. -ri?dc ci'Lditors arc recogiiised initially at the trdn.%a¢lion priLC and siibseqiienil), tn¢(Ul.¢[l al arnort15ed cost usiiig thc cffcctivt iiitercst rnethod. Bowi'owing$ Iiiteiest-lTrei?I'iiig boi-IxiiiiiiI arL iiiiiially rec(>rded ai f4ir i'alu¢, iiti of traiisaciion th)sis. Intrresi-bearing Iioll%uctioii cosis. aiid ihl aiiiniint diic oli iedc1nl?tion bciiig Icc()giiised as a cliarge io thc LOll5ulidAl¢d ststemenl (Il'Lumpreliensive InM¥ 01 CT the pcriod ot-thc 1'elean1 bTri-I'nNving. Iiilcr¢st ¢xpeiisc is reLX)8ni5Ld (Iii th¢ ba515 01.the elleLlive iiiiei'esl tnLihod and is included in iiiteiest payable ond similav cliai'gc%. Bol'roiviS Jr¢ clossified as LuiYei)I liabilitie5 unless Ihc Lotnpany ha% an uncoiiditii)nal I'ighi io dctei. s¢iilcin¢iil ol. IliL liabilil} r()I' ai leu51 iwelv¢ m()nilis ar1. the I'tporiing date. Defiiied lviitrlbt10n peiision oblig*tLIJII Coiiii-ibuiioii% In dclined contribuiioii plaiis ar'e rccognised a% Liiiplu)-'ee benelit cxpeiise i¥litti tliey are due. Il. ¢oniributi()n pas'mcnts. cxceed thc ¢ontribiition duc for scii'ice, thc c¥ce45 is I'Lcogiiised as piepti)'nicnt. 3 Staff numbcTS 'rhe average niimber ol'pcr50ns cmployed by Ihc compuny lincliiding diicclorsl duFin8 the )'edi'. 1012023 91. 4 Profit before tax Ai'i'ived at after LhargIn{Credt1ingI Page 11
The Abbeyfield Farehain Society Ltd Notes to thc Unaudited Financial Slatements for thc Year Ended 30 September 2024 2024 2023 DepreLiaiion expense 13.168 5 T*ngibl¢ #sstts Fllrniturt, fittings &ll(I e4uipiiient l.anil Atbd bulldlngs Tvt#l Cost AI I OLluber 2023 703,195 41,167 63.02) 1,982 14,2881 766,220 43,149 14,288} Addilii)n% Disposals At 10 8eptcmbc1' 2024 Dti)retiAtion Ai I l)ciob£r 2023 C'harge for the yvai. 744.362 60.719 80i,081 44,2%0 8,58) 7(?.668 li.384 14,?881 6.799 14,2881 Al io S¢pl¢inb¥i" 2024 Carryiiig aniount Ai 3Q Sepi¢rnb¢r 2024 52,86) 90,764 6Y1.4Y7 22.82 714,317 AI 30 SeptL'nibci' 2023 658.91 i 27,637 686,552 Inrluded wiihin ihc nei book" value ol. land and builLling.% above is £41)0.9i212023 £400.9521 in r¢spi¥t (Trl. rircliold laiid ivhich Dl)I been depi'¥Lialed. Tli¢ lair i'alLie ot'the compaiii's Lund and Biiildings %¥as I'¢i'alLlC(l on 19 J¢lllllUI)' 2023 bj an iiidepeiidcnt (Bernal5 Esiul¥ Agwitg) Ic) £2,000.00012023 £2.000,0001. 6 DebtOl'5 2024 2(I23 Liirrent Pr¢pJyn)en nih dcbtoi 4.684 4.297 426 4.684 4.723
The Abheyfield F*reham society Ltd Notes lo the Uii8udited Financial StateJ))ents for the Year Eiided 30 September 2024 7 Cre(Iltoi's Creditor5'. xmounts fRlling due within ont y¢#r 2024 2023 Note Due wilhin one yeAr 5.2_31 723 14,425 ALcIal$ and dct'ei-iid incnme Oihlr Lrediitsrs 20,379 Ci'editOT5- amounts fRlling due Altei. move th#h oiJ¢ yc#r 2024 Z023 Nott Due after one year Li)ai)s and bi)I'ri)ii ings 78.471 83.840 8 LoaiJ5 aiid borrowliL%S Non-current loANs aiid borrowing$ 21124 2023 Bank liorroiiings 78,471 83.840 Cui'reiit loan5 borrowiiigs 2024 2023 Bank burrviving5 5.589 Pagc 13
The Abbeyfield Fareliam Society Ltd Notes to the Unaudited Finaneial Statemeiits for thc Year Endcd 30 S¢pt¢mb¢r 2024 9 Value for Money fvlelries Metric l Reiiivestmeiit / 20Z4 202J D¢NelopJreni i)f iieiv prcsperiies N¢ivlJ' biiili p10pei'iie% aLquir¢d Woi'ks to c.Yisling i?ropcrLics 41.167 36,153 %Lhemes coinplcted 41.167 36,li3 l uii8ihlL lixed Ii(iiising prop¢rlics at co%t Tangilill fixLd u55¢15 hoL15ing pr(IpLi1ies at valiidiion 744,362 703.195 744.362 70_1.19i Melric 5.530/0 5.149/ Metric 2a '. Ntiv Supply ISOeiAI Housing Iliiits}"/• 2024 20Z3 Toial %oLial uiiiis dLILloi)Ld or aLqUII'Ld iii vear ocial lea*hold uniL 17 SoLithl leasehold uiiit% i)Ii'iied Metric [Tragc 14
The Abbeyfield Fareh#m Soci¢ty Ltd Noles to ihe Uh*udited Fiiiancial Stalcments for Ihe Year Ended 30 September 2024 Meti'ic 2b .. New Sui>i)ly INon-SuclAI Houslh¥ Unit51 .1. 2024 2023 -roial non-social iental hoJ%ing units owiied laLquiicd 111 yearl Neii outriglit salL UAlt% (developed oi. acquii'edl Total 8QLI?I housiiig uiiil% oii'ned Ipei'iod eiidl Tutal noll.su¢i41 reiiial h(I115iiig iiiiits oii'iied Ip¢riod end) 17 Nvii-suLiJl l¢as¢h(Il(l uiiiib oii'iied Ipei'iod end) Metri¢ lo Metrht 3 Gearing U/. 21124 2023 Shui-i-ILrm loans 5,2?1 78,471 1187.6211 5.589 83,11411 1172.0791 Cash and eiiiiii'(IILnlS AIiiounL% Divcd ii) uroup iiiidcitakiii8S rinance leu5¢ (Ibligulioiis 182.6501 Tdn4ible li%ed Jssels Iivii%i118 plpe1'11es Ji ¢i)si Tligible fixed a%sel8 linu%ing pmpei-lies at valuaiioii 744,362 703.195 744,.?A2 71)3,1 C)5 113.96lQl 11 l.75llJ/ Page 15
The Abb¢yfi¢ld Fareham Society Ltd Noles to thc Unavditcd Finaneial .8tatements for the Year Eilded 311 September 2024 M¢trit 4 .. EBITDA MRI Interest Cover U/ 2024 2023 Operiitiiig sui'plugldefiLitl owei'all Gairdllos51 oli disposal of lixe(l assets Ihoiising pi-opeitiesl Amulti%L gciiiCI'iimei)t graiiis G()v¥riim¢ni githiiis takeii LO iiicome 42.562 4.482 4.169 1,739 (36,1531 Capilaliscd rnajvr rei?airs ¥xp¢ndiiure lur period Total dcpi'cciaiioii cliai'ge toi. pci'iod 15.384 20.948 116.7641 IiitLTCSt CupiliSd 7.9r)5 7,9l}5 7.160 7.160 Meti'jc O/. 262.01 U/ 1134.l31th/. Metvlt S .. Ileadline Social Ilousing Cost 2024 2023 Manageinenl cosl SerN'ic¢ chaYgi¢ Ll)St5 19.909 105.157 10,869 O,)39 1.1,4.18 0.4)4 12.7il |l)r i-ci)air8 LkpcnditurL Capitalised major i'epilll's eNpenditiire foi. period 41,167 61,3011 36,153 71}.43? 300 Chur¥Ls r()r siippurl sei'iiiLeS Developmciit.sciTr'ic¢s Other %neial liousiii8 aeiiviiic% '. l)ther ?64,695 'I'otal 50cial h(iu%ing unit% own¢d andloi" managed ai p¢riod eiid 16 16 Metrie £ 16,9JZ
The Abbeyfield Farehain Society Ltd Noles to the Unaudiled Fiilancial Statemeiits for the Year Ended 30 Septeniber 2n24 Metric 6a . Op¢i'aiiNg Margin Iso¢iAI liousSnu lel¢ingsl lJ/*l 2024 1023 42.562 4.4x2 Tiiin(Iv¢r from social housiiig l¢ltÉngs 302,165 247,177 Metrir 1.810/• M¢tri¢ 6b .. Operating MArgln IOw¢r¥ll)"/ 2024 2023 Operatiiig siii'pluslldefi¢itl ovcrull (ioinliithss) on di%piisal ol-tixed assets Ihi)usino pix)p¢itiL51 42.562 4,482 42.562 4.482 302,165 247,177 Metric / 14.090/0 1.81n/o M¢trir 7: Relurii C%pitAI Eniploye<l °/0 21124 2023 42.502 4.482 Share ofoperating Suiplu(defJtlI1 ii) joint i'eii(ui'c8 ny dSSOLidleb 42.562 4.4%2 886,243 849.051 Mefrlc D/. 4.8°/. Page 17
The Ahheyfield Fareham Society Ltd Detailed CTrn.$olidated Statement of ComprLhensive Income for the Year Elided 30 September 2024 2024 2023 I'u10Vel. Relit TIiLomL I IOOO/o CapaiiLs'1 Los%e% t'roin vacancics aiid al)Ecnccs 311.9iO 1¥.7S51 ?Sl.412 134 ?351 3112,165 247.177 Cost of sales ro(Id Oili<i- HuiisL'hold Ci)SLS 14ou%Lkeepci% and Aiicillaiy Slatl. Wagcs Adniin W<iges 133.4941 126.5531 178,6041 1?4.1381 li9.9lOI 1421 Stal'f pen51uns Acinunlanc&' Sub%cripiion% 12.06l)I 11.2991 17361 {9791 Pi'inling, Pi)stage and StaiiDnery' Coiiipuitr R¢Liuisile5 AdvcYii%ing TLlephoiie li841 l¥il 11.9471 li.1061 18.20111 15.)501 13.3931 115.7251 15.6041 14.2991 16.9971 15.0781 li. j?21 124.7061 16,9831 14851 17.5461 128.i161 RaLes Waier i?le% Light. heat and poi¥rr TV l.i¢tnce Leoal ai)d PrL)lessioiial fees Rcpaii'% and Mainteiiancc sIlITEni¢rlain1li Amoili.%3ll(111 tst'frechi)Id propc11V Di'piL¥iiilivn tst- IixiLlI'es & liitings Depircialion ot'office equipineiit 18,7191 1_12,6431 111,i¥61 17,i5C)I 15,0841 528 41411 1262.0581 1241.248} Net Irni surplus 40,107 5.929 -rhis pagL LIoc5 1101 loiin part ol-tlic siatutory f1ndnLial staiLmcnts. Page IX
The Abbeyfield Farehain Society Ltd Detailed Consolidated Statemenl of Coiiiprehellsive Income for the Year Ended 30 Septeml)er 2024 2024 2023 Net I'cnt sui'pliis b/l' 40,107 5.929 Other Dperatiijg Income i,846 1,739 Dundti01is Ciitl aid rcceii'uhle 6.281 2.4.39 1.535 1fl,4iO Finant¢ eharees t3aiik ¥liai'ge% rinancc Lnsts 17,8921 17.l)g$1 Net SuTpIus 4.482 Thi% i)uge does not toiTh pai'l ol-lhc SlJlUlui)' lii)dnLidl %iat¢iii¢nls. Page 19