## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST MARCH 2026** ## **COMPANY REGISTRATION No: 00719534** **CHARITY REGISTRATION No: 233004** Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG 1 **----- Start of picture text -----**
THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page 3 Legal & Administrative Information
Pages 4 to 5 Report of the Directors
Page 6 Independent Examiner's Report on the Accounts
Page 7 Statement of Financial Activities
Page 8 Balance Sheet
Pages 9 to 14 Notes to the Financial Statements
**----- End of picture text -----**
2 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY REGISTRATION NUMBER** 233004 **COMPANY REGISTRATION NUMBER** 00719534 **DATE OF INCORPORATION** 28th March 1962 **START OF FINANCIAL YEAR** 1st April 2025 **END OF FINANCIAL YEAR** 31st March 2026 **DIRECTORS AT 31ST MARCH 2026** Mrs M Brown (Chair) **(EXECUTIVE COMMITTEE)** Mr R J Brimble Mr B A Dymond - Resigned on?? Mrs L A Talbot Mr A Chitty Mrs N Amodio - Resigned on?? Mrs V Berry Mrs S Taylor - Resigned on?? **GOVERNING DOCUMENT** Memorandum and Articles of Association Incorporated 28th March 1962. **OBJECTS** To relieve aged, impotent and poor people of all classes, for the advancement of religion and education and for other charitable purposes beneficial to the community. **REGISTERED ADDRESS** 2 Beechwood Road Sanderstead South Croydon Surrey CR2 0AA **BANKERS** Barclays Bank plc 1 Churchill Place London E14 5HP **INDEPENDENT EXAMINER** Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG 3 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS** ## **FOR THE YEAR ENDED 31ST MARCH 2026** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Abbeyfield Sanderstead Society Limited is a registered charity (No: 233004) and a registered Housing Association (No: HOJ69). It is a company limited by guarantee (No: 00719534) which does not have a share capital. Every member of the Society undertakes to contribute an amount not exceeding £1 to the assets of the Society in the event of winding up. The total number of such members at 31st March 2026 was 17 (2024/25 – 18). The activities of the Society are overseen by the Trustees (who are all also Directors). Trustees are elected at an annual general meeting and serve for a period of three years after which they must seek re-election if they wish to remain in office. ## **RECRUITMENT AND APPOINTMENT OF MEMBERS OF THE EXECUTIVE COMMITTEE** Traditional business and care skills are represented among the Trustees. In an effort to maintain this broad skill mix, potential members of the Trustees are requested to provide a list of their skills. In the event of a particular skill being lost through retirement individuals with those skills are approached to offer themselves for election to the Trustees. Potential Trustees are interviewed by the Trustees before being recommended for appointment at an annual general meeting. New Trustees are given an information pack on the Constitution and governance of the Society and are also taken on an induction tour of the home to meet the residents and staff. ## **RISK MANAGEMENT** The Trustees have conducted a review of the major risks to which the Society is exposed. A risk register has been established updates at least annually. Where appropriate, systems have been established to mitigate the risks that the Society faces. The systems of internal controls are reflected in that the Society has received the Abbeyfield Standard and has also been accredited by the Local Authority. ## **OBJECTS AND ACTIVITIES** To provide accommodation, care and companionship for lonely or frail elderly people in accordance with the aims and principles of The Abbeyfield Society Limited. This activity falls entirely within social housing activities as defined in the Housing and Regeneration Act 2008. ## **ACHIEVEMENTS AND PERFORMANCE** The Society has successfully fulfilled its objectives during the year. Further information detailing the achievements and performance of the Society can be found in the Chair’s Report below. ## **FINANCIAL REVIEW** The Society made a deficit for the year of £3,406 (2024/25 – deficit of £30,996). The results for the year are set out in the Financial Statements below. The improved financial position has been partly achieved by stricter control of maintenance costs which fell to £14,905 (2024-25 - £26,482) and also to the increased number of residents. Rental income rose to £144,032 (2024/25 - £129,391). We negotiated a three-year fixed rate from a new gas supplier, and we hope that this will help to keep our energy costs to a minimum. At the year end our unrestricted cash funds stood at £437,649. The charity aims to have three months reserves of expenditure. ## **PUBLIC BENEFIT REQUIREMENT** The Trustees have complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission concerning the public benefit requirement. ## **CHAIRPERSON'S REPORT** After I had to relay mixed news of a somewhat turbulent year in my last report, it is good to be able to give you better news this year. Although we had to carry out a considerable amount of routine maintenance work to the building and grounds we were able to meet the cost from our income, helped by a grant of £2,000 from the Ros Harding Trust. We were fortunate to have three new residents joining us during the year and we wish them all a very happy stay with us. On the social side we had a very successful Afternoon Tea in the Abbeyfield garden in the summer. Our brilliant House Manager, Julie, excelled with her sandwiches and cakes and the sun shone! Hugh Webb played gentle music on the guitar adding to the occasion. 4 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS (continued) FOR THE YEAR ENDED 31ST MARCH 2026** ## **CHAIRPERSON'S REPORT (continued)** A local historian, Roger Packham, gave a fascinating talk on the Bourne Society and the river Bourne. The Bourne Society is one of the largest local history groups in the country, and produces a very interesting magazine three times a year. A visit by Songsations just before Christmas did not disappoint. The choice of songs and presentation by the lively and highly talented ladies Choir received an enthusiastic reception from the audience. A new venture has been introduced this year with guests joining residents at the lunch table. Julie reports that it is popular with both residents and guests and has resulted in some fascinating conversations! Julie’s cooking is excellent and the visitors often comment on the high standard of the meals. We continue our membership of the Abbeyfield Society who are very supportive of all nationwide Abbeyfield Societies. We are able to access their services and use their on-line information service, Connect. We continue with our membership of the local Abbeyfield Cluster Group, join in Group meetings and share information to everyone’s mutual benefit. During the year we unfortunately lost the services of three of our Trustees. Sian Taylor and Nancy Amodio found the pressure of other work was such that they had to resign. Although they had only had limited time on the committee they each made a valuable contribution to our meetings, and we wish them every success in the future. Finally, one of our long-standing Trustees, Brian Dymond, died after a long illness. Brian had been a Trustee since 2011 and was our Treasurer until recently. He was a loyal supporter and his accountancy skills were invaluable. He will be sadly missed. I would like to thank our dedicated Staff Team, Trustees and volunteers for their continued hard work and support. Mary Brown Chair of Trustees ## **STATEMENT OF RESPONSIBILITIES** The Trustees (who are also the directors of THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and - explained in the financial statements; and • prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Small companies provision statement** This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the Trustees/Director of the charity and signed on its behalf: …......................................... Approved by the Directors on the:…........................................... Signed on their behalf by Mrs M Brown, Chairperson and Director 5 ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** I report to the trustees on my examination of the accounts of The Abbeyfield Sanderstead Society Limited for the year ended 31st March 2026 set out on pages 7 to 14. ## **Responsibilities and basis of report** As the charity’s Trustees of The Abbeyfield Sanderstead Society Limited (and also its Directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of The Abbeyfield Sanderstead Society Limited are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: - accounting records were not kept in respect of The Abbeyfield Sanderstead Society Limited as required by section 386 of the 2006 Act; or - the accounts do not accord with the accounting records; or - **·** the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or - the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Zita Derbak MAAT AATQB Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG Signed: Date: 6 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2026** |**Notes**
**INCOME**
Donations and Legacies
**2a, 12**
Income from other Charity Activities
**2b**
Income from Investments
**2c**
**TOTAL INCOME**
**EXPENDITURE**
Expenditure on Charitable Activities
**3a**
Expenditure on Raising Funds
**3b**
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
Transfer between funds
Fund Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2026**
**2025**
£
£
**£**
**£**
2,370
-
2,370
4,465
144,072
-
144,072
129,591
416
-
416
501
**146,858**
**-**
**146,858**
**134,557**
150,264
-
150,264
165,553
-
-
-
-
**150,264**
**-**
**150,264**
**165,553**
**(3,406)**
**-**
**(3,406)**
**(30,996)**
**-**
**-**
**-**
**-**
441,055
-
441,055
472,051
**437,649**
**-**
**437,649**
**441,055**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 9 to 14 form part of these financial statements. 7 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **(A COMPANY LIMITED BY GUARANTEE) Company Registration Number: 00719534** ## **BALANCE SHEET** ## **AS AT 31ST MARCH 2026** |**Note**
**Fixed Assets**
Tangible Assets
**6**
**Current Assets**
Debtors & Prepayments
**7**
Cash at Bank and in Hand
**8**
**Total Current Assets**
**Creditors:**amounts falling due within one year
**9**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**Creditors:**amounts falling due in more than
one year
**10**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
Restricted Funds
**12**
**TOTAL FUNDS**|Unrestricted
Restricted
**31-Mar-26**
**31-Mar-25**
Funds
Funds
**Total**
**Total**
£
£
**£**
**£**
519,920
-
519,920
523,382
519,920
-
519,920
523,382
1,322
-
1,322
1,191
54,849
-
54,849
55,451
**56,171**
**-**
**56,171**
**56,642**
3,442
-
3,442
3,969
52,729
-
52,729
52,673
**572,649**
**-**
**572,649**
**576,055**
135,000
-
135,000
135,000
**437,649**
**-**
**437,649**
**441,055**
437,649
-
437,649
441,055
-
-
-
-
**437,649**
**-**
**437,649**
**441,055**| |---|---| ## **Balance sheet disclosure:** For the financial year ending 31 March 2026 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## **Directors' responsibilities:** - •The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - •The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 7 to 8 were approved by the Trustees/Directors, and authorised for issue : …......................................... Signed on their behalf by Chair M Brown: …...................................... Print Name: Mrs M Brown, Chair and Director 8 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST MARCH 2026** ## **1. ACCOUNTING POLICIES** ## **Charity status** The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. ## **Basis of Preparation** The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The charity has opted to prepare its accounts using natural categories. ## **Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period. ## **Material prior period errors** No material prior year errors have been identified in the reporting period. ## **Income** ## **Recognition of Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when: - the Charity becomes entitled to the income; - it is more likely than not that the trustees will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **Offsetting** There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. ## **Grants and Donations** Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP). ## **Tax Reclaims on Donations and Gifts** Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. ## **Gifts in Kind** Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report. 9 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2026** ## **1. ACCOUNTING POLICIES (Continued)** ## **Expenditure and Liabilities** ## **Liability Recognition** Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## **Governance and Support Costs** Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice. ## **Deferred income** No material item of deferred income has been included in the accounts. ## **Creditors** The charity has creditors which are measured at settlement amounts less any trade discounts. ## **Legal status of the charity** The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## **Social Housing Grant** The Society is in receipt of Social Housing Grants, formerly called Housing Association Grants (HAG). Where developments have been wholly or partially funded by such grants, the cost of these developments has been reduced by the value of the grant received. The value of the grant is disclosed as a separate item. These grants may be repayable in the event that the relevant property is sold by the Society, or if certain other relevant events take place, but can be rolled over into other purchase or development activities in certain circumstances. ## **Fixed Assets** These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **Depreciation Expense** Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful lives. The rates applied per annum are as follows: Freehold Buildings Fixture, Fittings & Equipment 1% reducing balance 25% reducing balance ## **Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 10 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2026** |**2. INCOME**
Notes
**a) Donations and Legacies**
Gifts & Donations
Grants received
12
**b) Income from other Charitable Activities**
Fundraising Events
Rent Receivable
5
**c) Income from Investments**
Bank Interest
**Total Income**
**3. EXPENDITURE**
**a) Expenditure on Charitable Activities**
Bank Charges
Careline
Cleaning
Council Tax
Depreciation
Gardening
Housekeeping
Independent Examination
Insurance
Lighting & Heating
Office Expenses
Repairs & Redecoration
Pensions
Salaries & NI Contributions
Subscriptions - The Abbeyfield Soc.
Sundries
Payroll Service Charges
Telephone
TV Licence & Rentals
Gas
Electricity
Water Rates
Membership fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2026**
**2025**
£
£
**£**
**£**
2,370
-
2,370
665
-
-
-
3,800
**2,370**
**-**
**2,370**
**4,465**
40
-
40
200
144,032
-
144,032
129,391
**144,072**
**-**
**144,072**
**129,591**
416
-
416
501
**416**
**-**
**416**
**501**
**146,858**
**-**
**146,858**
**134,557**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2026**
**2025**
£
£
**£**
**£**
-
-
-
-
2,588
-
2,588
2,288
266
-
266
-
4,134
-
4,134
3,945
3,462
-
3,462
3,300
2,310
-
2,310
2,724
15,935
-
15,935
14,264
1,320
-
1,320
1,279
4,206
-
4,206
4,477
-
-
-
-
-
-
-
419
14,905
-
14,905
26,482
3,245
-
3,245
678
70,240
-
70,240
64,749
-
-
-
3,323
1,777
-
1,777
3,865
2,581
-
2,581
1,570
1,615
-
1,615
1,459
356
-
356
354
9,842
-
9,842
20,464
5,556
-
5,556
7,969
1,648
-
1,648
1,944
4,278
-
4,278
-
**150,264**
**-**
**150,264**
**165,553**| |---|---| **b) Expenditure on Raising Funds** Advertising and publicity - - - - **-** 11 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2026** ## **4. DETAILS OF CERTAIN TYPES OF EXPENDITURE** |**4. DETAILS OF CERTAIN TYPES OF EXPENDITURE**
Independent examiner’s fees
Accountancy services|**2026**
**2025**
**£**
**£**
1,320
1,279
2,581
1,570
**3,901**
**2,849**| |---|---| |**5. RENT RECEIVABLE**
Income receivable based on 100% occupancy
Losses arising from vacancies|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-26**
**31-Mar-25**
£
£
**£**
**£**
191,592
-
191,592
183,120
(47,560)
-
(47,560)
(53,738)
**144,032**
**-**
**144,032**
**129,382**| |---|---| |**6. TANGIBLE FIXED ASSETS**
Cost
01-Apr-25
Housing Association Grant (Note 1)
Additions
Cost at
31-Mar-26
Depreciation
01-Apr-25
Charge
Depreciation at
31-Mar-26
Net Book Value
31-Mar-26
Net Book Value
31-Mar-25
**7. DEBTORS AND PREPAYMENTS**
Prepayments
**8. CASH AT BANK AND IN HAND**
Current Account
Savings Account|Unrestricted
Fund
£
1,322
**1,322**
Unrestricted
Fund
£
20,165
34,684
**54,849**|**Freehold**
**Fixtures,**
**HAG Schemes**
**Fittings &**
**Title no:**
**Total**
**Equipment**
**SY276359**
**2026**
**£**
**£**
**£**
29,577
711,201
740,778
-
(143,691)
(143,691)
-
-
-
29,577
567,510
597,087
26,543
47,162
73,705
758
2,704
3,462
27,301
49,866
77,167
**2,276**
**517,644**
**519,920**
3,034
520,348
523,382
Restricted
**Total**
**Total**
Fund
**31-Mar-26**
**31-Mar-25**
£
**£**
**£**
-
1,322
1,191
**-**
**1,322**
**1,191**
Restricted
**Total**
**Total**
Fund
**31-Mar-26**
**31-Mar-25**
£
**£**
**£**
-
20,165
21,183
-
34,684
34,268
**-**
**54,849**
**55,451**
**Unrestricted**| |---|---|---| 12 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2026** |Accruals
Independent Examiners Fees
Pension costs
Tax & NI costs
Mortgage Loan
**9. CREDITORS AND ACCRUALS: AMOUNTS**
**FALLING DUE WITHIN ONE YEAR**
**10. CREDITORS AND ACCRUALS: AMOUNTS**
**FALLING DUE IN MORE THAN ONE YEAR**|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-26**
**31-Mar-25**
£
£
**£**
**£**
1,252
-
1,252
1,873
1,320
-
1,320
1,260
-
-
-
146
870
-
870
690
**3,442**
**-**
**3,442**
**3,969**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-26**
**31-Mar-25**
£
£
**£**
**£**
135,000
-
135,000
135,000
**135,000**
**-**
**135,000**
**135,000**| |---|---| The interest free mortgage loan from the Croydon Charitable Foundation is secured on the freehold property and is repayable in February 2029. |**11. STAFF COSTS AND NUMBERS**
Gross Wages and Salaries
Employer's National Insurance Costs (after allowance)
Employer's Pension Contributions
**Employees who were engaged in each of the following activities:**
Activities in furtherance of organisation's objects
Management and administration
**Total**|**2026**
**£**
62,831
-
3,245
**66,076**
**2026**
**TOTAL**
4
1
**5**|**2025**
**£**
64,749
-
678
**65,427**
**2025**
**TOTAL**
4
1
**5**| |---|---|---| No employees received emoluments in excess of £60,000 (2024/25: None). Staff are paid through the PAYE system. There was £27,497 paid to senior management as key personnel for the services in the financial year. (2024/25: £24,154) No trustees received any remuneration for their services. (2024/25: Nil) The charity pays employer contributions into a government backed NEST pension scheme on behalf of tfour employees. In the financial year these contributions totalled £3245 (2024/25: £678). The charity paid employer contributions into a stakeholder private pension on behalf of one employee, in the financial year 2024/25 these contributions totalled £602 (2025/26: Nil). 13 ## **THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2026** ## **12. RESTRICTED FUNDS** The charity held no restricted funds in the financial year and prior year in 2024/25. ## **13. HOUSING STOCK** Social housing accommodation, number of bed spaces **2026 2025 TOTAL TOTAL** Units in Management 9 9 Units under Development - - **9 9** ## **14. DIRECTORS AND OTHER RELATED PARTIES** Apart from reimbursement of purchases and payments made on behalf of the charity totalling £440 (24/25: £22), no other payments were made to Directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a Director or any person connected with them. ## **15. RISK ASSESSMENT** See Report of the Directors on pages 4 to 5. ## **16. RESERVES POLICY** The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily. ## **17. PUBLIC BENEFIT** See Report of the Directors on pages 4 to 5. 14