Rcgisirutioii nuinber.. 00780423 The Abbeyfield Fareham Society Ltd Committec (Diicciorsl Report and Unaudi¢¢(l Financial SLatetn¢nts for ihe Yeay Ended 30 Scpiembcr 2025 Palnier RilLy & Co Chartered A¢¢uuiitants 1st ri()()r Unit l- Fairham Heights Standdrd W&y l.ai'eham P0168XT The Abbeyfield FarehaTll Society Ltd Conlents Company Informaiion Chairmans, Report 2to6 Indep¢ndcni Tr.-xaminer'5 Report ConsL)lidated Statement of ComprehenEive Inc(Imc statem￿)1 ofFingncial P05jtion statcmenl ot Changes iii Reserves Not&% to Ihc ljnaudited l.'inan¢i#l Ststenicnls Detailed Consolidated Siatelli￿[ ot'coniprthcnsivc Incoiiie 19to20 The Abbcyfteld Fareham Soelety Ltd Company Information Chaii'infih Mr T. Ayles Dlrettors MI'N. How- Tita5uier Ms J. Cjould Ms L. V. Miller Mrs (.' M. Beech Coiiip8ny $erretary Ms J. Spr￿gg$ Register¢d tsffice 24 F.ast Sireet Farehan) Haiils 1>0160BY Palmei. Riley & Co Cliartcred A¢¢ountants 15l Floor Unit E2 'areliani Heights tandard Wa> Fareham Hanlb P0168XT Accountant$ Page I The Abbeyfield Farehym Society Ltd Chairmans, Report for the Year Ended 30 Septemb¢r 2025 The diTCCtOr￿trusIee8 pre.qent their re￿rI and th¢ financial stat¢tn¢nts for ihe yedi. ended 30 S¢pL ii'ithin shcltered housing activiiies ab detined iii Ihc I lousing A¢1 1974. Therc lias Ixeii no cl)ange in the ociivities of the y)cieLy during Ilie y¢aT. The S()¢i¢ly is.. A cotnpai)y liiiiiled by guw3ntec (Nuinbcr 0780423), haiiiiig no sharc capital. and w'ith solely Chari&bl¥ bjcttlVLS. Rcgistered as a charity (Number 2i25311 Registered M'ith lh¢ Housin8 Curporulion as ti Re8iSt¢red Social l.andoTd INumher H03011 Objects and OrgAnis%tion 'I'he Articles of A%sociation govem the appointinenl ofthe Ex¢Lutive commit￿e. whiLh is charged with the tnanagenithi of ilie socieiy in lurtheranLe of ils principal atylivity> lund managenienl and firtancial affair gen¢ydlly. The committce shull tnn%ist olno le5S thun 3 and no more thall 18 CO[n￿lItt¢ members. The COFnmittee has ihe power to apwint Execuiive Conimill¢e ineimbers to ftll a casual vacanLy. One third ofihe Lxecuiive (.'onimittee membcrs mu%t rctir¢ by mtation caLh year bui are eligible for rt*l¢LllOn. Tlie socicty is a tnember of the Abbeyfield SuLiety by payment ol-Jii annual substriptioii. Page 2 The Abbeyfield Fareham Society Ltd Chairmans, Report for the Year Ended 30 September 2025 Risk Mlnagement 'rhc commitlL'e Il)ireclorsl have overall reswnsibiliiy for ensuring that Ihc society has aPPTopriat¢ systetns of coiitml, fiiiancial artd ()IhciTrvi.%e. I'lie sy%lem5 of iiitei'ndl and finaiicial ¢oii(To15 ale desiBiicd In provide reasonuble. but noi ah.qDlllt¢. ts55ufdnce against malcrial tnis%iat¢rneni ol-li)bs. They includ¢ an unnual biid8C(, appiDved by die cominittee IDirectoiEI, regular ieviciv of aciual Tcsulis aiid vaiiaiice5 Iroin budgei, and delegaiion of authorii>' and 5¢gr￿jatIOn of duties as far as wpssible 8ivcn.%taffing levels. The commiitee (Dircclorsl will conlinue to monitor risk5 and seL up policies Lo miligute them. Rtvl¢w of Busin¢$5 Rt5uIts during the year We. tlic cxeeu¢ivc of tlic AbbLylield F'ai'eliain So¢iely, have Loniinucd to carry out its objectives of pi'ovidin8 hvrnes. carc artd companionship foT our aclivc, elderly residenls in #LLL)rdance with our airns and principlcs of th¢ Abbeyfield Society, iii a liomely aiid liapp) enviroiimciit. In duiiig so H'e liave dchiei'¢d ￿7¢ Ab￿Yri¢l￿ 4tandards. The fiiiancial rcsulis for thc ycai. are %ct out in the inccime and expenditur¢ account on page 7. The posiiion at tlie eiid ufihe }'ear is shipwn sn Ilie balancc slieet on pagt 8. am vcry i)l¢ased to IfPOFL Ihai despi(e many Llialleiiges tliroughout ilic s'ear, Kve liavc had a vtry Euocesslul ycar achicving threc of the four oL)jectiVfS thai we had pievii)ubly set, hoivever with a pi'ioritv on safety Ihcre has been soine re-organisation of thc prcvious ycar'.% objeclives. This lias Illdinly b¢¢Tr irt respect ot'ihe higher custs uf the exi¢rnal ivorks 10 the South clci'ation Irendci. & root). We arc alivays tntndfiil of (he CLISI ol'living and en¢igy cost rises. We have continucd ￿ be ￿H￿re Dt'thc health & ￿tEral￿ ot'our rcsidcnÉs atid %taff aiid ivill coi)tinu¢ ￿ be vigilant and ¢autlOU8. We ¢oi)linue to bc prudent 'ith uiir finances but hai'c noi he.%iiated lo cmhark i)n projects Ic? help our re5idenLs' and tnuke Abbeyfield -areliam a Safer dnd a liuppier place for our residcnis ai)d.%tat't. 'l-liis cali be %eeii in tlie provision of the 8arden path, turnilure & ¥azebo. ThiDughout Ihc year. w¢ have scen 8om¢ residents having lo mvve on wher¢ thry have been in need of more care than AFS can provide. We liavc bccrt fortunalc tliat fnur ii¢w I'esidetils hdve joined us. Tliaiikb io the elTorls ol'our Houst Manaoer, H'e hav¢ consthslently maintainLd 16 rcsidentS Wlth a 950/ts plu5 occupancy rate. This has greatly hclpcd witli our lindncc5 despite our costly renovations, mainlenancc expcndiluTC8 Ctc, %0 wrc cali continue to plan fi)Y turth¢r irnprovemenL8 10 the home. I'lie high ￿lup￿nC), i'at¢ has had a wsiiive ¢ffcct on oiir balance sheet despite th¢ higli expenditure exlernal and in(cmdl r¢lurbishJnent. The proposed ¢xptndilure on the conversion of Ilie formtr kitchen will Enable furthcr invc5tmcnt in ihe home. The Board of Trustee'5 has agai￿ seen some ¢hang¢s; Gary Tdylur ha5 Stepped doivn. W¢ ivould thank Gary for his service and i¥¢lLume c￿01Y￿ Beech as a new TTU%tec. she ha% had Inaiiy yea￿, experieiice in siiiiil&" role5. L'arolyn has un(lertaken to look intu Cund raising foi. futuir prnj¢¢ts. Our Hi)u%e Manager Julia has rL'Lently givcn tiotice of her iiitcn.%ion lo step dowm tiY)m her position: ho￿.¢ver. lye havc been able to recruit inl¢rnally. JaLkie Frow her Teplaccment fTI)m l)ccember. Anne Da￿sehY￿ is cuntinuing ￿ a viilunleei. and Chair of the Hvu5e commiite¢, wlio along with hcr team of volunteer%. continue tsi do gioud for AFS. As ever we w)uld Iv¢lwrne new Trusi¢e5 and volunTrers to join us. Page 3 The Abbeyfield Fareh#m Society Ltd Chairmans, Report for the Year Ended 30 September 2025 l am pleased to sa), our stafiiumover is weiy loN4,. We will be replacing Jacqui in the kitchcn along with Margr¢i whu is itliring. Caruliiie Sts)ck, coiitinues tsi dD good M'i)I'k on thc accounL% liaisiiig betmeal resideiits, Ti'¢dSUI'ei' and our ALcoiinl8nts. ('aYolih¢ has continued to be vigilant in SFOtting iibni>mialiiie5 in #LLiJunts and invoices, in maiiy ca%es Irsiiliing in i'efiinds. Council lax, ¥le¢iric & waler supplieis lo name but a f￿.. Our mark¢tlLI8 and publicity campaign to promote Abheyfitld iii Faieharn and beyond is ongoing. Oiir PdrtiLipalioin I'archam l.ottery i)rnvidc8 piil)licity and small d(>nations. Our pvlicy is to continue lo adveilis¢ and u%c our reputaiioii to attia¢t nLw i'csidcnts who 5¢d( 10 live al Abbeyfield. We frind Ihal majiirity of our Irferrals ave madL ihrough Abb￿rie[d WLbsite bul ()Lf(*iundlly by w(Ir(l ol. mc?uih. Untortunately. many appli￿￿18 ar¢ not able ￿ live independently and are in nted of more care ivell beyond oui. reDiil. ()ur gOv￿nIng body. Abbeyfield F.nglaiid, h&i'c gonc through substJiTrtial chaiiges iJv¢F ihe lasi leii. yea1%. This has had samc effcGt OD AFS in the lei'¢l vfsllpwii giiveii and l¢¢s paid LO Ihem. I low¢vei', they continuc to provide giiidunL¢ vn ihe niaiiy a5peLts ol'cdre to our IrsideiiLs and cfticiencics in runt)ing oiii. hornes. We ￿ntinUe lo mana8e our finance.% carcfTr]Ily and M&iniain oui. policy of hvlding suflicienl r¢5erves to siipport uncxpc¢¢ed maintcnance costs whilst having a burricienl contingenLy in the ev¢nt of vaLaiirie% cau%ing inci)mc to run beloi¥ expen(litui¢. With tlie rising Ltssl uf living and die liuge inticasc in our clcctri¢iry and gas bills, w¢ n￿d Io CL)ntiiiiie t(} b¢ even more prudenl. I luwevcr, as 5ccn below w¢ have not hesitated to carry Out our e5scnlial maiiitwaiic¢ and major improvcmeiit project5. Major Achievem¢￿t$ Oiir gr¢alL'Si ttchicvcn)ent has of ¢4urse been lu mainl)in A hÈaiihy, saf¢ aiiJ happy eiiviroiirnent for our rtsidents and stafl throughvui th¢ year. In addition, we have also c&rritd out the ttiSlowing m3jor renovation and improvement pr(ij¢cls. E.-xternal Rcnder Thc re-renduing ot.the south Ll¢vaiion was cumpltled in Ihe early part ot'tli¢ )'¢ar. Ilnloitunatel). at a grcater cost Ihsltton. WoTks ivill include replace1n￿ni i¥iD(l(Iws, upv¢ %ot'fTts & facia8 redeboralion ol"reiider. repaii. of briCK￿0th ete. A l)ud8Cted uo.%l would bL api)rox £40k. Dependant on fiiiaiices these works Jnay be undwtsken on a pieL¢M￿l basis which rnay sprcad thc ¢o%t biit ulti[na￿lY cost mole. Vchicle r.nlra11ce The ividih of the VEhicl¢ exit has lung b¢eii an issue io drivers, particularly larger delivery vehicles. Widening ot Ihc cxit is limiicd oli ihc West side by tlie large becLh tree bul tliere is bLope to adjusi the Stone wall nn thc l.'&%t side. A bud&)¢ted cost would be £7-8k lani Altliough 12mped access 1.8 provided to the main ¢nti?nLes Iherc are otlier dooi's whicli would bciicfit fiYTrm rutnped a¢¢ess. A budgeted Cost 74.ould be £3-4k This boundaiy beloii8% lo our neighbouis to (he East. For some two yeai's 74'e have heeii approaching tlieIn to replace a fallcii fen¢¢ adjacciit to the vehicle enlranLe, bul iu avail. It l5 therefo￿ proposed ta replacc this leiiLe ourselves as the cutrent appcaran¢c docs not look good for AFS. The anticipated cusL of £1 k. Rix)I" 10 ITnu5e 24 During si)mc minor iepair ￿01.k the root'tiles to House 24 w¢re found to be in a very poor 8tatc with si)Ine 50% plus liaviiig delaNTrinatcd Ilirough agc and i¥¢allieriJig. Bcloie dliy sever waier leakage oecLtrs. it is pi'oposcd 10 tak¢ steps io btart 5ai'ing and fund-raisin8 nioncy for its r¢-roofring. It is c￿r[erIt]Y anticip￿lIe￿ th¢ cost will be £41>iOk. We want th continue to keep nur good image and reputali(In in Faieliam. These works are included within our pr()PL)s¢d bLidget IOT 2025-26. Thc l-lwstee's iK'ill roi)linue ti) welwm¢ aiid consider suggcsti(Trns from both staff and r¢5idents tor pi"ujects large and.small whidi ￿rIll eiihance tlit expei'ieiice, eiijoym¢nl and enviroiimeni in and around thc liou%es. Indepevdent Ex9miner Thc executive Lunirnilke IDireciorsl iiitend to ask the existing a¢¢ountanL% th undcrtake the indeprndent examination in thc l(Illniviii8 ycal ￿ld wll be propos¢£l at the rot￿)¢Oming Annual Gcnerdl Meeting. Flxed A55efs Land aiid buildings were last valued on 19th January 2023 for £2.000,OIX). The valua(ion was ¢atTi¢d out by llernards Fsialc Ag)ents in Far¢h#m. li is a¢i¢pt¢d that ther¢ arc alway.% tIu¢iualion5 in thc pruptrly fflarket, hoMeN'ci' It is iiot coiisidered IieL¢ssary lo seek a furil)er valu&tiun in the forUi¢oming finai)cial year. Srn411 companies provislon st*tcment Th15 repi)rt ha5 beeij pJrp%ir¢d in accordaiice iviih the special Provisions Telutin8 io companitt* siibject to the small companie5 regime within Part 15 of th¢ Companies Act 2006. Page 5 The Abbeyficld Fareham Society Ltd Chairmans, Report for the Y¢ar Ended 30 S¢ptember 2025 Approved by 14 Jdniiary 2026 8nd signed on its behalf by.. Chair Ptsgc 6 Independent Examiner's Report to the Board of Direclors on the Preparation of the Unaudited Statutory Accounts of The Abbeyfield Foreham Society Ltd for the Y¢ar Ended 30 September 2025 I iepurl on the financial statements r(>r il)¢ %ocicty for thc ycar elided 30th Scpietnbu. 2025 whiLli Jre set t)ul on page$ 7 to 13 and wliicli liav¢ been prcpared uiider tlie historiLal cost convention and the accouniing policies set l)Ul nii pages 10 and I l. Re5peetlvt ie5ponsibilitit$ tsf tlie trustees a￿d examintr I'lie chai'ity's trustees are iespoiisiblt li)r Ihe preparation ufthc fiiiancial %[￿[¢1nents. The cli)i-It)r's IIw51ces )iisideJ' that wi aiidit is not reqvircd foi. this pei'ind iindei. section 144 cil. Ilie Charilies ALI 2011 Ithe Cliai'iti¢s Act) and that all indcpendcnl LXdrtiÈn&tion is needed. It is my r¢S￿￿SIbl11ty to.. examine Ihe financial stdtwnents under section 145 of the Chariiits Act, lo tollc?Iv lh¢ prDcedur¢s laid by the geneial Directions givLm hy the Chai'ity comtnis5ioneiE Iiinder Section 14515llb) ot thc CharitlC5 Act). and to S(die ￿lIciher paiticulay mutters havc com¢ to Iny attcntion. Basis of ind¥pcndent exgmlthtr'$ 5taternent My examination carried out in dLCOI'datice with ihe geneial Directions gTiv¢n by the Charity Commission. An exainindLion inLlude5 d rei'iew (Ifthe accounting I'ecoi'ds k4)t hy the chai'ity and compari%on ofthe finanLjdl blatmenls prescnted with thoqe rccord%. It also iliLILid¢5 conbiderdlivn vf any unusudl items ur dibclosures in the rinancial 81alcmenls and seekirtg Jn explanation Iroin yoiu as trustees Conierlling any such matlci'%.'l-hc procedu1￿S undvitskeii do not pr()vide all the cviden¢c tliat would bc rcquiTed ITI ali audil. and ¢onseqiiently nu opinion t% given as lo i¥,hcthtr the finaiicial staleni¢nis pirseni a'uue fair, vieii, 8nd ihe Teport is limited to those niatlers Sel vul iii Ilie sthteineiii beloii. Independent examiner's statemen¢ In conneciion iviih Iny exwninatioii. no mattcr h&$ cornc to my aitcntioii.. I I wliicli 8ive5 nie reasonabl¢ (xu5e to believ¢ thot ith any material i¢spccL% Ihc rcquiirmciil%'. i. to kcep accolintin￿ r¢toi'd5 in aLLorddnL¢ with section 130 of Ihe Chariiio8 ACL alld li. to preparc linartcial %tsl•n¢nts which dLLurd iviili the aLYouthiingJ recoi'ds and to comply with the aLLounting requir¢rnents of the Charilies Act liave not bcen mcl., or 21 tth Mthich, in my opiniun, alteniiDn should k drawn in order to enablc a pr()pcr understanding of rhc financial Sldiem¢nts to b¢ iyached. G GrahAm ACA PalRieJ' Riley & Co Chartered Accountants Fai'cham Heights Standard Way F4ieham 1>016 8XT 7 January 2026 Page 7 The Abbeyfield FarehAm Society Ltd Consolidated Statement of Comprch¢n8ive Income for the YeAr Ended 30 September 2025 2025 2024 Note Turnover 323,9J6 302,165 Cusi ofsules {725.4481 126?.0581 Gros5 Ideficitllsviylu. 40.107 Admini$ivdiiV¢ expenses 12021 {1031 Other opcrating income 0￿rat[1)g surplus Other in(eiEst receivable dnd sirnilai. incLim¢ 1,767 6,281 53 46.285 3,889 4,169 Intercst payable and similar ¢xpethsc5 15,177 17,8921 1.2881 3.7231 IDefiLiLVsiirplus before lax 11.2351 42,562 IT)eficitllsLirplus for ihe financial year aa 11,235) 42.562 The SoLiely's only aLlivity IS the pixivision ofsheliered housing. No OPCF3tions havc been discontinued or acquired during the year. and lh¢ ￿MoUntS above Tel￿e entirely to iitinuin8 operations. There is iio maierial difference beliveeii the relained surplus for Iht year on ordinary a¢tivitie5 Stated above and its hisiori¢#l cosl eqLiival¢nl. I'he nott% on pages I I to 18 toi'm an integral part ofth¢be financial 5tyaiem¢iilS. Pa8¢ 8 The Ahbeyfield FAreham Society Ltd (Registratlon number: 00780423) Stat¢ment of Financial Posltion as At 30 September 2025 2025 2024 ote Fixefl assets Tangible assets 711,951 714,317 Current gssEts Debtors Lash ai baiik and ill hand 2295 176,795 4,684 187,621 179,090 192.305 Creditors.. Amoiinls falling due within one year Net eui'r¢ht assets 114,6071 120,379 104,483 171.926 Total #$sets less curreTrt li&blllties 870.434 886.243 Crtdltor5'. Amoiinls falling due aliei. more than one year Ntt assets {69.8971 178,4711 8(Ki,537 807,772 Reserves Rtlaiiied eamin8S SyTrlu5 806,537 807,772 806,537 8117.772 For th¢ financial year ending 30 .SLPternbei' 2025 the company M'as ¢nlitled to exemption from audit iindei. scclinn 477 ul'ihe Compani¢s Act 2006 relating to %mall ctstnpanies. Th¢se financial slaiements have bcen prepaied in accoi"danLe ￿ith lh¢ provisiot)s applicable to compaiii¢5 sybject to Ihe small Lompanies regime and FR$ 102'1-he l.'inancial Repoitin8 SI￿l￿ard Applicable in the IIK and Ilcpublic tkf Ireldnd,. Approvcd and auihoi'ised by the Board on 14 January 202() and Sign If by- Mr N. How- y￿asUrer DireLtor Mi. T. ?n Direcu)rs' r¢S￿nSIbIlIties= Thc mcmb¢r8 havc not required the ¢urnpany to obtain an audit of ils accounts for the year in quesiion in ac¢vrdance with scctton 476. and The dircct()r5 ackno￿,1￿d￿e their rv8ponsibiliiies for complyin8 Wlth the requirwnents of the ALt with respect ) accout)ting recorLts' and the pieparalion ot aLcounls. The noies on pa8e5 11 (0 18 foiTh ali iiitegial pail of Ihese Iiiidncial 51atements. Page 9 The Abbeyfield F#rehain Society Ltd Statement of Changes in Reserves for the Year Ended 30 September 2025 Retained eArnings Total AÉ l Octob¢r 2024 DefiLii for the year 807,772 {1,2351 807,772 11.215} At 30 Septeihber 2025 ¥U6,537 Retgined earnlngs 806,537 TotAI At I neiobeT 2023 Surplus for th¢ ycai. At 30 Septernb¢r 2024 765,210 42,562 765.210 42.562 807,772 807,772 The note8 oil pag¢q I l Lo 18 foim an inle&iral pait of(li¢se finaiicial slatcmeiiL%. Pagc 10 The Abbeyfield Fareham Society Ltd Notes to Ihe Unaudited Financial Statements for ihe Year Ended 31b September 2025 G¢ncral informAtIo The cvrnpany is a company limited by 8uarantec, illfoTporated in England and Wale8 and c4)ns¢qu¢nily does noi liave Sh￿'e ¢apiuI. Each of Il)e memli¢is is li2ble to c()nlribute an amouiit iloi excccdijig £Nil towards ihc a5seL% ot'thL rornpany in the eveni vf liq￿idation. Tlie addresb of its regislercd orriLc 15.. 24 E&4t Sire¢t rarcl)ain POI6 OBY Atcounting policies Summary of slgnifithnt a¢eoulltiNg polities kcy actounling e5tiinatcs The priiicipal acci)urtting policies applied in the PTcparation 0l'tlie%¢ finaiicial staieineiils are Set oui below. Th¢5e wlicies hai'e ￿¢n Lon5islenll)' applied ￿ all the ycar% prcsented. unlcs5 (Trthmvise ststed. Stateme￿t of eompli*n¢e Thcse financial statcrn¢nLs have been prepai'ed in accordance with Financial RekX)fiin¥ st￿￿ard 102 Se¢iion IA Tlie Financial Reporiing Standard applicabl¢ in the UK and Republic of Ireland, Il)e Cumpanie5 Act 2006. Bgsis of prcparatLOII 'l-hesc finaiici21 .%taLenienLs have bttn prepared usi￿g the his¢oriLal cobt conventioii ¢xcept ihai as disc105ed i the accounting polici¢$ CCTiain itcms arc shown ut lair value. Reven￿¢ reco¥nition I'ui'ntsver conipri8es the laii. value ofilie coiisid¢ia¢ioti received 01- receii'able for (l)t 8ale of good% and pl￿vi.￿lOn ofscrviccs in the ordinary coiii'se of thc Cumpany 5 aciii'ilies. Tumuwer is shown iieL Ot'sales, reiurns Irbato8 and discounts and atler elimiiiating sales witliiii the company. Tlii Coinpan} recL)giiis¢s I'Jrthue wlieii.. l-he amount of reveiiiie can bE ￿liablY mea5111'¢d,. it is prnhablc that tulure ecoiiomic benefils will noiv to ihe enlity., and spe¢TfiL Criteria hai'e h¢en met for each ot th¢ Lompany's activiliEs. I'angible 9$5ets Tangiblc assets are slal¢d in the 5tatemtnL of finanLial posilion at cosi. less any subscqllent a¢curnulated depreciation and %uhscqu¢iit accuinulated imijaiiinenl losses. The L()si ofiaiigible assets includes direcdy attributable incrcmental ¢o.%ts incurred iii their acquisilioii and installalion. Depre¢iatlDII D¢preciation is charged so a5 to write off the c05t of assets, other (han land and propei1ies uttd¢r consu'uction oler theii. estimaled useful lives, as follows.. Asset elAS$ IxtiirL% & fittings Cojnpuier equipmcnt Buildings Dtpreriation method t•te 33.33Yo slraigjhi line 2.50/n %traight line Pagt 11 The Abbeyfield Fareham Society Ltd Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 CASh And ea5h ¢quivxlents Cabh and LdSh eqLiivalenls cofflprisE Lasl) on hand and call depnsil%, and other short-tertn highly liquid jniitslmenls that are Iradily convcytiblc to a knowi amdunl ()fcash and are subject ￿ an insignifiL)tti risk of ¢hangt in value. Tra(le debtors Trade debii)r5 ai"¢ anioiittis due from customers for In¢rchandi8e sold oi. scTh'ices perlormed in the ordinary coui'se ot'bu.8in&%s. Trade dEbwrs are iEcogiii5ed iiiilially at the Lransaction price. Tliey are %ubscquently measured at ainortiscd c05t using lh¢ ¢l'leLlive interest Method, l&%s ptt)vision tor impaiiThent. A pmvision for the impaiiment of irode del)lorg is tstabli%licd thcn thcrc is objecLivc cvidence that tlie ¢omp&ny will not be able tu LolleeL all ainounts due a¢¢ording io the original iemis of ihe receivables. Trxde creditoi Ti-dde Lreditors are obligatlQllS lo pay foi. good5 or service8 that have been acqiiiied ill the oydinary course or busii)es% trom supplie1*. Aecounts payablc are classified as curreiit liabilities ifih¢ L(Imp&ny does not liave unci>ndilional Tight. at the ¢nd of the rewrting pei'iod, ti) defer seltl¢m¢nt iil'lhe Lrediior tor at l¢a5l Iwelvc months allvr th¢ reporiiiig dale. If there is an unLoiidilional rig)lii lo defer sctlltniLni tor at le&Rt twclve manth5 fter the rwrting date, Ihey are presented as non-curirnt liabilities. "1'17d¢ ¢reditors are recognised initially ai ihe IranS￿lI￿n pric¢ and subsequently M￿li1rd Hi amortised cosl using the effective iiil¢resi method. Borr¢)Ivings Interc5t-l?earing horrowin8s are iniiially recorded at fairvalue. net uf transit¥LlOlI costs. Inter¢si-￿)i.In borrowings are subsequentl), Cdri'i¢d ai amL)iiitsed L()sl, with ili¢ ditT¢T¢nc¢ brli¥een tlie proceeds, net tst. truns)Llion Losts, and the amuunt due on Itdeinption beiiig r¢cogiii5cd a8 a char8C to the Ctshwlidatcd slateineiit of Lomprehensive iiicorne over lh¢ p¢riod olihc I'clevant borrowing. Intercst exp￿5¢ is re￿gniSed on the ba515 of (he el'le¥tive inteirst method 15 iiicluded in inlei'e5t payable and similar Lh•'ges. Tfjoi'roivings are classified a5 ciitrent liabilitics ur*le5s the cvmpany has an unconditional ri¥hi io defei. settlement i>f th¢ liahility fol. ai least twelve mi)nths aftei. the repoTlin&¥ dale. Defined coiitributlon pensioii obligation A dLtinLd cnntrihulinii plan i.% a ptiision plan undcT Kvhicli fixed coiitrthbutions are paid into a pension fun(f and thL compan), has no legal or constructive obligatiot) io pay flIrth￿ Lviilribulions even ifthe lund does nul hold sutficienL ￿se1S 10 pay all employ¢¢5 the benetits relaliiig io employee 5eivice im the Cu￿ent an(1 prior pei'iods. Conts'ihulions to detined contribution plan8 arc Tecognised as eniployee bcnefit expense when they are due. l( contrihution paymcnts exceed ¢h¢ contribution due foi. St￿lee, the ex¢ess is reCOg￿ls¢￿ a prepaymenl. Staff Aunibers 'lThe avuage numbcr of p¢t30ns employed by the company lin¢luding d&rectorsl durin￿ the ye￿, 1012024- 11)). Losslprofit hefove tax Arrived al after LhTirginglcreditingl Page 12 The Abbeyfield Fareham Society Ltd Notes to ihe Unaudited Financial Statemeiits for the Year Ended 30 September 2025 21125 2024 t)¢prcciaiion expense 15.530 15.384 Taiigible xsset5 Funillure. rittings equlpnient La￿d bulldlng5 Total Cost At l Oclobcr 2024 Addiliuns Disposal. 744,-162 5,640 60,719 7,525 1684) 805.U81 13.165 1684) AI 30 September 2025 DepretlAtion At l October 2024 Charge for tlie yedr Eliniin#ted on disp)sal At 30 Seplember 2025 7511.002 1117,562 52,865 8,727 37,899 6.804 1684) 90.764 15,531 16841 61,592 44.019 Cstrrying amount At 30 Sepiemb¢r 2025 688,410 23.541 AI 30 Septembei. 2024 691.497 22.820 714,317 Included wi(hin the net book vali1¢ of land and biiiliaings uix>ve is £400.95212024- £400,952) in re5pe¢t or ri'eehol(I luiid ivhiLh has nvt been depre¢iaied. Rtv*luY4tion The fair i'alii¢ o(the company'% l.and and Building% ii?s ￿valUed on 19 Janudri, 2023 by ali independeni vulu¢r lilemai'ds Es'tsi¢ Ag¢nis) to £2,000,wo12024- £2.oor),oooi. D¢btors 2025 21124 Current 14'epayEntnis Oth¢r dchts)TS 2,293 4,684 2.295 4,684 Pa8c 13 The Abbeyfield Fareham Society Ltd Not¢s to the Unaudited Financial Sta¢ements for the Yvar Ellded 30 September 2025 7 Credltors Crtditors: Rmourtts falllng due within one year 2025 2024 Note Due within oNe year Luans buTfoii"i118S Acerual% and deleiTcd income Oth¢r creditor5 4.763 813 9.031 5,231 723 14.425 14,607 Crtdltors: *mollllt5 fAlling due ¥ft¢r more than oiie yeur 21125 2024 Note Du¢ gfttr yeHr Loan5 and borrO￿.1n8S 69,897 78,471 Loams b(brrowiiigs Non-curyetht borroivin¥5 2025 2024 Bank borrowings 69,897 78.471 c￿vrent loans borrowings 2025 2024 Bank borrowin85 4,763 5,231 Poge 14 Tbe Abbeyfield Fareham Society Ltd Notes to the Unauditeil Financial Statements for the Year Funded 30 September 2025 9 Value foT Money Metrios Metrfc l Relttvestment O/ 2025 2024 Development of neiw properties Nthvly buili propcriiL5 acquiird Wurk5 111 exisLing properties Capitalised inttrt.qi Scheines LVmpI¢￿ 5,640 41.167 5,640 41,167 I'aiigible fixEd assets housing prupeTIi¥5 at cost Tangible fi¥ed asscts housing propcrties ai valuation 750.002 744,362 7iO,002 744.362 Metrle / 0.75•/• 5.53Q/fr Mefrle 21 '. New Supply {So¢l41 Housing Units) O/. 2025 20Z4 Tntal %ocial untts dcveloped or acquired ii) yur Soci81 leasehold units Total social hol￿]ng unit5 owned Social leasehold uniLS oivned 17 17 17 17 Metri¢ Yo Page 15 The Abbeyfield Fareh8m Society Ltd Notes to the Unaudited Financial Statement5 for the Year Ended 30 Sepl¢mber 2025 M¢*rit 2b: New Supply INon-SotiAI Ilousing Uthlts) IJ/ 2&25 21124 Total non-social rental housing UDilS Oli￿ed lacquiird in yearl Noii-social Icachold iiniis (acquired iii yearl Neiv outrighi sale uiiils (d¢vEloped or acquired) Total social housing units owied Ipei'iod endl Total non-social r¢iital hniising units oii'ncd Ipei'iod cndl Sacial leaschold units. t)wmed Ipei'iod en(11 Non-soci&I lea￿chOld iinits olviied Ip¢ri()d end} 17 17 17 17 Metric % M¢trlt 3 .. Gefiring"/ 2025 2024 Short-lemi loans Long-i¢m loans Cash 8nd cash cquivalcnts Am(iunts' owed io gi'oup undeTlakin¥s inanc¢ It3se ohligaÉions 4,763 69.897 1176.795) 5,231 78,471 {187.6211 1102,1351 1103,9191 Tathgible fixcd assets housing propertics #l ¢c)si Tangible fixed assets lJou.%ing propcrties al valuaii()n 750.OU2 744.362 7iO,002 744,362 113.62IY• {13.96}V/ Page 16 Th¢ Abbeyfield Fareham Society Ltd Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 Metr1¢ 4 .. EBITDA MRI Intetre5t Covtr O/• 202S 2024 OpeTating surpluOldefi¢itl overall Ciainlllos%l on di%posal of lixed assets Ihuubing propeitiesl Amorlised giov¢rnmeiit 8ranL% (iovcmtn¢nt graiit% lakeii lo income InLer¢st reLeivable Capitali5cd major repai1% expcnditurc foi. P¢Tiod Total depieLialivn l(Ir period 11,2.151 42.562 3,889 15,6401 15,530 12,544 4,169 141,1671 15,384 211.948 Intere51 capilalised Inlere51 payable and Iinanein8 C().8Lq 5.379 5,379 7,995 7.995 233.21J/• 262.01￿/rtr Mttric 5 . Htadline Social H(Ju$lng C.05t £ 2025 2024 Managcmcnt C081S Service Lharge ￿515 Routine maintenancc co￿8 Planiicd maintenaiiLC Losls Majvr iepairs expenditUTe 37,756 109.162 22,158 42,046 38,341 39,909 13,438 (J,454 12,751 Cdpilalised tnujor i'epairs expenditure foi. pcriad Other (social hou.qing Ict¢iiigl costs Charges loi. suppoil s¢rviLes Developmeni services C.ommiiHityJneighboiirhood serviLe5 OiheT social liousing activitie% Oil)ci' 5,640 60,332 41,167 61,308 315,434 287.841 Toial .￿Cial hoiising units owned andlur man4g¢d at pcriod end 17 17 17 17 Metric £ 18,555 16,9J2 Page 17 Tbe Abbeyfield Fareham Soeiety Ltd Notes to the Unaudited Financial Stat¢ments for the Y¢ar Ended 30 Septembcr 2025 Metric 6a - Oper&tlng Margin (50CTal housing lettingsl °/0 2015 2024 Operdtin8 Surplu51(deticitl Isocial housing lelling%) 11.235) 42.562 Turnover trom social hoiisi118 Idiings 323.936 -3n2,165 10.38I•A 14.lJ9'/. Metric 6b - OptrAting Margin IOv¢rglll 2025 2024 Operating surplu.￿ldcfjCil} oycrall Gainlllos51 on dispusal of fixed a55¢ts Ihvusing properties) 11,235} 42,562 11.235) 42.562 Tuin(?v¥r loveralll 323,936 302,165 10.38)0/0 Metslc 7 . Return on Capital Employed P/ 2025 2024 0￿1?11A8 sul'pluslldeficil) overall Sharc of opcraiittg surpluslldefi¢iil it) joint ventureb Oi. a850ciates 42,562 (1,2351 42,562 Total oss¢ts less curr¢n( liabililies 876,434 886.243 Metrlc '/• 10.141•/• 4.80/. Page 18 The Abbeyfield Fareb8m Society Ltd Detailed Consolidated Statement of Comprehensive lllLome for the Year Ended 30 eptember 2025 2025 2024 Turnover ReiiL IIiLvme I IOOVA Capaciryl IAsses from vacancies and dbseiices 331.596 17,6601 311.950 9.7851 3U2.16.5 323,936 Cost of s41¢s Fovd and Other Hvusehold Costs Hou8ekccpcis and Anknillwy Siall. Wages Ailmin Wages 134,052} 133,4941 179.3191 139.9101 1421 137,7551 14421 {452) 11.4721 12.4591 11,2681 {523) 15941 17741 161) 12.8001 12,5451 11.605) 110,284} 15,3441 11,7001 116.8941 14,6801 1346) 16,1521 {1112,545) Staff NIC IEniploycr51 Stall. pensiun Accouiitancy Siib5criplions %¢aff tiainin8 Priiiling, Postage and Sthiiollery Con)puter Requisiics Adveriising l elephone ResidenL% gilts and functions Gardeni11y Clcaniiig Raies Watei. rates Ligl)t, heat and pow Insuiance TV l.iccnce Le&￿al aJd Professional Fees Repairs and Maiiitenanct StatTEnteriaining Amoitisaliuii oifreehold pixTrrJert) Deprcciatinn of fixtuirs & fitting.% Depreciatiun of orrice equipmeni 11.5801 12,OC)91 {5841 11,0281 1851 11,9471 13,1061 18,2001 15.3501 13,3931 115.7251 15.6041 1013} 18.7191 132,6431 18.7261 14,2861 2.5181 112i.44¥} 18,5861 16,3181 480 (262,U5¥} Net rent (deficitysuiplus 40,107 This page Llocs not toi'rn part ol-the Sialuitsly financial statements. Page 19 The Abbeyfield Fareham Society Ltd Detailed Collsolidat¢d Statement of Comprehensive Income for the Year Ended 30 September 2025 2025 Z024 Net Irnt Idefi¢ii)Isurplu5 blf 40,107 Othtr operating intome Bank int¢rest rectivdblc (Mher inicrest reccivable DonaiioDS 3.889 3,846 323 6,281 1.767 5.656 10.450 Flngnte Charges Ilank chai'g Finan¢¢ iosls 12021 15.1771 17.8921 15,379 17,9951 Net (Deticiiysurplu 1.235 42,562 This page doe5 not form parl otr Ihc statutoiy finaiicial .%tatements. Page 20