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
CoinpA￿Y 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 A￿￿y11¢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.e￿on&￿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¥hjccli*e.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 F*i'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 Abb￿lIcId. 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 fIn￿LeS Cdl'elull). and Ina]n￿l￿ 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
Im￿1]VeMe171 i)liijc£I%.
SuLi¢ssion Plaiinin
l am ple￿1$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 pYTryim￿Ipl1.' 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 li￿rks, 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)tei1￿7ce
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 I￿Ue 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¢ Iv￿11] 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 i￿111 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¢ i￿lth 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 Urn￿1r
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 pl￿Vision 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. alL￿vnI5. 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¢p￿tilbe1. ?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 c￿c￿l 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 estÈm*tts
-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 colnpli￿￿ce
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 i￿lIe1)".
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￿-1￿7$ 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-Ixiiiiii￿I 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 In￿M¥ 01 CT the pcriod ot-thc 1'ele￿an1 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'roivi￿￿S 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 lviitrlb￿t10n 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
(Bernal￿5 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
ALcI￿al$ 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 pl￿pe1'11es Ji ¢i)si
T￿ligible 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 Cupi￿liS￿d
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'u1￿0Vel.
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
sI￿lITEni¢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