Company registratlon numb•r 00784499 {England and Wal•$}
THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
LONSDALE & MARSH

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
COMPANY INFORMATION
Directo
Mr N J Farmer (Chaimanl
Ms L Hilchcox
Ms S Leech
MrA Ya￿00d
Ms K Pike
MrA Burgess
(Appointed 30 August 20231
Company number
00784499
Charlty numb8r
233269
Rggistered office
Lear House
17 Darmonds Green
West Kirby
Wirral
CH48 5DT
Audltor
Lonsdale & Marsh
509 - 510 Cotton Exchange
Bixteth Street
Liverpool
L3 9LQ

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
CONTENTS
Page
Report ofthe executive committee
Independent auditor's report
staement of income and retained eamings
Balance sheet
Notes lo the financial statements
10-17

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
REPORT OF THE EXECUTIVE COMMirrEE
FOR THE YEAR ENDED 31 MARCH 2024
The Executive Committee, the mernbers of which are also directors for the purposes of company law, submits its
60th annual report together with the audited Iinanoal slalements for the year ended 31 March 2024.
ObJectlve$ and activities for public benefrt
The principal activity of the Society, as delemiined by rts memorandum of association, is to provide
accommodation, care and companionship for lonely frail elderty people in accordance with the aims and principles
ofAbbeyfield England. There has been no change in the activities of the Society during the year.
The Executive Committee refer to the Charity CoThmission's general guidan￿ on public benefit when reviewing the
Society's aims and objectives and in planning future activities. In particular the Committee consider how planned
activities will contribute lo the aims and objectives they have sel and how these wll benefit the reapienls in
accordance with the aims and pftnciples of the Society.
Status
The Society 1$ a company limited by guarantee (number 007844991, having no share capital, and with solely
charitable objectives and is registered as a charity Inumber 2332691.
11 is registered with Home5 England {formerly the Homes and Communities Agency) as a registered provider of
social housing (number H28541.
The Society is governed by a Memorandum and Articles of Assoaation anil was incorporated on 13th December
1963.
Organlsatlon
The Articles of Association govern the appointment of the executive committee, which is charged wth the
management of the Society in furtherance of rts principal activity, fund management and finanaa affairs generally.
The execubve committee shall consist of not less than three and not more than twenty six members. The executive
committee has the power lo appoint executive committee members to fill a casual vacancy. One third of the
execub've comrnittee members must retire by rotstion each year but are eligible for re-election. There are sub-
committees relating to Operations and Finance and al least one rnember of the executive committee is a member ol
each sub-comrnittee. Sub-cornmittees report lo the executiv6 Comrnittee where decisions are made
The Society is a member of Abbeyfield England lo which il pays an annual affiliation fee.
Execullve Committee
The members who held office during the year and up lo the date of signature of the financial statements were a5
follows..
Mr N J Farmer Ichaimianl
Ms L Hilchcox
Ms S Leech
Mr A Yarwood
Ms K Pike
Mr A Burgess
(Appointed 30 August 20231
In accordance with the Soaely's Articles of Association Ms S Leech and Mr A Yarwood retire by rotation. All
members, being eligible, offer thefflselves for re-election al the forthcoming annual general meeting.

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
REPORT OF THE EXECUTIVE COMMIThEE {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Revlew of actlvltles and achievements durfng the year
Lear House ¢onlinues to provide a warm, safe, and friendly home for our residents. We are fortunate lo have
dedicated and Committed staff lo support those residents. In support of our staff and their personal development a
continuous programme of training is in operation. The Trustees want to pass on their gratitude lo all the staff, whose
professionalism, friendliness and focus on the individual needs of our residents continues lo make Lear House an
extremely popular choice for people wanting a new permanent home or respite care. Occupancy levels remain high
at around 96 %. Our last CQC rating was graded "good. and based on the PAMMS inspedion in January 2024 this
is being maintained.
The Society employs an activities coordinator and provides a budget for activities. This is regarded as an important
aspect of care and provides an enjoyable and stimulating environment for the residents.
The frequency and level of activities for residents continues to expand. These now indude..
Shared reading
Knit & natter
French
Pamper afternoons
Pop¢als sessions with pre-school children
hAonlhly church service
hAonthly crafiemoon sessions
Boogie woogie music activities
Music from various artists
Therapy dog visits
In addition, we are again able to give residents the opportunty lo visit local places of interest. We welcome friends
and relab'ves joining in the various activities. More information and photographs can be found on our website,
abbeyfieldweslkirby.co.uk and on facebook at facebook.comlabbeyfieldhoylake.
As reported last year our IT systems have undergone significant upgrades which has facilitated the use of
electronic aids In our staff training and has allowed the development of electronic care reporting systems which
should be fully operational by August 2024. The improved wFfi connectivity also gives greater opportunities for
residents to be in contact with fn'ends and relatives.
Full planning permission has been obtained for the project to link Elliot House into Lear House and provide a further
nine bedrooms, improving the overall viability of the Society. The projed is in the costing and fiJTrJing stage with
approx1malely half of the cost of the build coming from the Society's own reserves. This will be after ensuring that
sufficient ￿SeNe$ are maintsined for the ongoing operation and contingency of the business. The final selection of
the construction company is under way followng the submission of lenders. This is being undertaken in conjunction
w(ch our architec15, Paddock Johnson and quantity surveyors, the Simon Fenton Partnership Discussions are
under way with a potential lender to help finance the project and it is hoped work will start during the Current year.
The project is expected lo take approximately one year lo complete.
In August 2023 we welcomed Alan Burgess as a new Trustee. He brings a wealth of business experience lo the
Society and is already fully involved in the strategic management of the Society.
The financial results for the year show the Society conb'nues lo operate efficient5y producing a ￿rpluS of £90,948
12023 surplus £44,027). The surplus includes an increase in the value of investments at the year end of £34,658
12023 decrease in value £69,227).
We a￿ committed lo providing affordable care of the highest slandards and have an ongoing refurbishment
programme in place.
Vlhilsl considerable long-standing problerns remain about the funding of social care, the Trustees are confident that
the Society is well positioned to manage any short-lerrn pressures.

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
REPORT OF THE EXECUTIVE COMMITTEE (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves and investment pollcles
The Society has always used its su@us free reserves - being ftjnds not comprised of fixed assets or other
designated reserves to help fund the cost of improvements lo the setwices and support provided lo residents
including helping to ￿nd, in the past, the implementab'on and completion of housing propety pfDjecis.
The aim of the Sooety is to have day lo day running costs whith will be funded by amounts receiv￿ in respect of
residents, charges.
The Executive Committee Continues lo review ts reserves policy and has conduded that a level offree reseNes of
£370,000 12023 £370,000) is appropriate. This amount equates to approximately four months of normal
expenditure requirements. The Committee considers that the level of free reserves is satisfactory.
Intemal financial control
The Executive Cornmittee acknowledges that it is responsible for the Society's system of internal financial control.
vthich can only provide reasonable and not absolute assurance against material misstalernenl or loss.
All expenditure is controlled by the General Manager with the exception of specialist health care supplies which aro
authorised by the Care Manager. The General Manger, with the help of the bookkeeper, consolidates all the
expenditure into monthly reports to produce internal management infomiation. The management infotrnakn'on and
underlying data are reviewed regularly by the Executive Committee al their meetings and compared to budgets
prepared al the beginning of each financial year.
Before the end of each year the management information is ulilised lo provide U￿ated projected figures for the
year and also to provide projected figures for the following year. These projections are prepared by management
and reviewed by the Executive Committee. The Executive Commrttee monitors the actual expenditure and
compares this lo the budgeted expenclilure. All major items of expenditure, whether or not anlicipaled by the
Society's budgets, are approved by the Executive Committee and dealt with by the Society's Head Office. The
Executive Committee meets at least quarterly lo manage the running of the Society and lo ensure that we pursue
developments in our setvices which will continue lo meet the needs of older people, both now and in the future.
The Executive Committee reviews its procedures on an annual basis.
Risk management
The Executive Committee has overall responsibility for ensuring that the Society has appropriate systems of
controls. financial and otherwise. The systems of financial controls are designed lo provide reasonable. but not
absolute, assurance against material misslalemenl or loss. They include an annual budget. approved by the
Executive Committee, monthly reviews of actual results and variances from budget, and delegation of authority and
segregation of duties as far as possible given staffing levels.
The Executive Committee has assessed the major risks to vthich the Society is exposed, in particular those related
lo the operations, finances and strategies of the Society, and is satisfied that systems are in pla￿ to mitigate
exposure lo the major risks.

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
REPORT OF THE EXECUTIVE COMMITTEE (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
ststement of Executlve Commltte& responsibilities
The Executive Committee are responsible for preparing the annual report and the financial statements in
accordance with applicable law and regulations.
Company law requires the Executive Committee lo prepare financial statements for each financial year. Under that
law the Execulwe Cornmittee have elected to prepare the financial statements in accordance wth United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under
company law the Executive Committee 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 Society and of the surplus or deficit of the Society for that
period. In preparing these financial ststements, the Executive Committee are required lo..
• select suitable accounting policies and then apply them consistently,
make judgements and accounting estimates that are reasonable and prudent.,
prepare the financial slaternents on the going concern basis unless it is inappropriate lo presume that the
company ¥MII continue in business.
The Executive Committee are responsible for keeping adequate accounting records that ar8 sufficient to show and
explain the Society'5 transactions and disclose with reasonable accuracy at any time the financial p)sition of the
Sooety and enable them lo ensure that the financial statements comply ¥Mth the Companies Act 2006 the
Housing and Regeneration Act 2008. They are also responsible for safeguarding the assets of the Sooety and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance wth the Society's articles, a resolution proposing that Lonsdale & Marsh be reappointed as auditor of
the Society will be put al a General Meeting.
Statement of dlsclosure to auditor
So far as each person who was a Trustee at the dale of approving this report is aware, there is no relevant audit
infonnalion of which the Society's auditor is unaware. Additionally, the Trustees individually have taken all the
necessary steps that they ought lo have taken as Trustees in order to make themselves aware of all relevant audit
information and lo establish that the Sociells auditor is aware of that infonnalion.
This report has been prepared in accordance with the provision5 applicable to companies enlilled to the small
companies exemption.
On behalf of the board
Mr N J Farmer IChaiTmanl
Director
30 September 2024

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY
LIMITED
Oplnion
We have audited the financial ststements of The Abbeyfield Hoylake & Wesl Kirby Society Limited Ith& 'company'l
for the year ended 31 March 2024 which comprise the statement of income and retained earnings, the L)alance
sheet and notes lo the financial slalemenls, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United ￿ngdOrn Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol
Ireland (United Kingdom Generally Accepted Accounting Pratheel.
In our opinion the financial slatemenls..
give a true antl fair view of the slate of the company's affairs as al 31 March 2024 and of its surplus for the year
then ended.,
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Pracb'cg,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Stsndards on Auditing IUKI {ISAs IUKI} and applicable
law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit ol
the financial slalements section of our report We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial slatemenls, we have concluded that the directors, use of the going concem basis of
accounting in the prepaialion of the financial statements is appropnate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as 8 going
concem for a period ofat least twelve months from when the financial stslements are authorised for issue.
Our responsibilities and the responsibilities of the diredors with respect lo going ¢onceTn are described in the
relevant sections of this report.
Other Inforniatlon
The Executive Commrttee are responsible for the other information. The other information Comprises the informab'on
included in the annual report, other than the financial statements and our auditor's report Ihereon. Our opinion on
th8 financial statements does not cover the other information and, except to the extent otherwise expliutly stated in
our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the finan￿al statements, Dur responsibility is to read the other information and, in
doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our
knowledge obtsined in the audit or othenmise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misslatemenls, we are required to determine whether there is a material
misstalemenl in the financial slalemenls or a material mis51atemenl of the other information. If, based on the work
we have performed, we conclude that thero is a material misstatement of this other information, we are required lo
report that fact.
We have nothing to report in this regard.
Opinions on other matters proscribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the Executs've Committee's report for the financial year for which the financial
slalements are prepared is ¢onsistent with the financial stslements", and
the Executive Committee's report has been prepared in accordan￿ with applicable legal requirernents.

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THEABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY
LIMITED (CONTINUED
Matters on which we are rgquirgd to report by exceptlon
In the light of the knowledge and understanding of the company and its environment obtained in the course of the
audit. we have not identsfied material misstatements in the Executive Committee's report.
We have nothing to report in respect of the following matters where the Companies Act 20[￿ requires us to report lo
you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have nol re￿iVed all the information and explanations we require for our audit., or
the Executive Committee We￿ not entitled lo prepare the financial statements in accordance with the small
companies regime and lake advantage of the small companies, exemption in preparing the Executs've
Committee's report and lake advantsge of the small companies exemption from the requirement to PreP￿e a
strategic report.
R9sponsibilities of directors
As explained mgre fully in the Executive Committee's responsibilities slalemenl, the Trustees are responsible for the
preparats'on of the financial stslemenls and for being satisfied that they give a true and fair view, and for such
internal control as the Trustees detemine is necessary lo enable the preparation of financial statements that are
free from material misstalernenl, whether due lo fraud or error.
In p￿paring the financial slalemenls, the Trustees are responsible for assessing the company's ability to continue
as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basi5 of
accounting unless the Trustees either intends to liquidate the company or lo cease operations, or have no realistic
altemative but lo do so.
Auditorfs responslbllltles for the audit of the flnanclal statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due lo fraud or error, and lo issue an audilorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audrf( conducted in accordance
th ISAS IUKI will always detect a material mi5slatement when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
The extent lo which our procedures are capaLle of deteding irregularilie$. including fraud, is detailed below.

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY
LIMITED (CONTINUED)
We obtained an understanding of the legal and regulatory frameworks that are applicable to the Soaety and
determined that the most significant are those that relate lo the Care Quality Commission requirements and those
laws and regulations that have a direct impact on the financial ststements such as the Companies Act 2006.
Our approach to Klents"fying and assessing the risks of material misststemenl in respect of irregulartlies, including
fraud and non-complian￿ with laws and regulations, included the following..
the engagement partner ensured the engagement learn collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.,
discussions wth senior management,
idenb'fied laws and regulations were communicated within the audit team who remained alert to instances
of non4ompli8nce throughout the audit.
We evaluated managernenl's incentives and opportunities for fraudulent manipulab'on of the financial statements
{in¢luding overTide of controls) and addressed the Tisk through..
making enquires of those charged with govemance as lo their knowledge of actual, suspected and alleged
Instances of fraud.,
considering the intemal controls in place to mitigate the risks of fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed our audit
procedures which included, but was not limited lo..
agreeing financial statement disclosures lo underlying supporting documentslion",
reviewing the minutes of rneetings of those charged with govemance.,
reviewng Correspondence with professional advisors.,
reviewng for any transactions undertaken wrth related parties such as those charged with govemance andl
or directors",
• checking expenses are bona fide transactions of the Society.
Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including those
leading lo a material misslalement in the financial stslements or non-compliance wth regulations. The risk is also
greater regarding irregularities occurring due to fraud rather than efror. as fraud involves intentional concealment,
forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available oll the Financial Reporting Counol's website at.. https'.11
www.fr¢.org.uklauditorsrèsponsibililies. This description forms part of our auditor's report.
Use of our report
This report is rnade solely to the Society's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006 Our audit work has been undertaken so that we might stale to the Society's memb&rs those
matters we are required lo stale lo Ihern in an audrfto¢s report and for no other purpose. To the fullest extent
pemiitted by law, we do not accept or assume responsibility to anyone other than the Soaety and the S¢xiety's
members, as a body, for our audit work, for this report. or for the opinions we have formed.
Elaine Frances McElroy
Senior Statutory Audltor
Forand on behaw of Lon$dale & Marsh
October 2024
Chartered Accountants
statutory Auditor
509- 510 Cotton Exchange
Bixteth Street
Liverpool
L3 9LQ

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Income
1,253,290
1,154.939
House operating costs
Administrative expenses
Other operaty'ng lexpensesllincome
1908,0161
1249,9581
180,1111
{813,3611
{270,5391
17,945
Oporating Surplus
1 5,205
88,984
Interest receivable and similar income
Increaselldecreasel in fair value of investments
36,449
39,294
26,531
171,4881
Surplus before taxatlon
90,948
44,027
Tax on surplus
Surplus for the financial year
90,948
44,027
Retained earnings brought forward
3,578,695
3,534,668
Retained earnings carried forward
3,669,643
3,578,695
The income and expenditure account has been prepared on the basis that all operatsons are wntinuing operats'ons.

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Flxgd asset5
Tangible as5els
Investments
2,071,162
1.013,751
2,082.792
954,423
3,084.913
3.037,215
Current assets
Debtors
Cash at bank and in hand
135,735
761,213
31,256
698,440
896,948
729,696
Croditors: amounts falllng due viithin
one year
{312,2181
147,887}
Net current assets
584,730
681,809
Total assets less current liabilities
3,669,643
3,719,024
Credltors: amounts falling due after
more than one year
11
1140,3291
Net assets
3,669,643
3,578,695
Reserves
Income and expenditure account
3,669,643
3,578,695
Mgmbors, funds
3.669,643
3,578,695
These financial statements have been prepared in accordan￿ with the provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved by the board of directors and aulhorised for issue on 30 September 2024
and are signed on its behalf by..
Mr
armer (Chairman)
Dlrector
Ms S Leech
Dlre¢tor
Company registration number 00784499 IEngland and Wales)

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
Company information
The Abbeyfield Hoylake & Wesl Kirby Society Limrted is a private company limited by guarantee incorporated
in England and Wales. The registered Offi￿ is Lear House, 17 Darmonds Green, West Kirt)y, Wrral, CH48
SDT.
1.1 Accountlng convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the requirements of the Companies
Act 2006 as applicable lo companies subject lo the sm811 companies regime. The disclosure requirernenls of
section 1A of FRS 102 have been applied other than where addity'onal disclosure is required to show a true
and fair view.
The finanaal slalemenls are prepared in sterling, which is the ftjnctional Cur￿ncY of the company. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
1.3 Tangible fixed assets
Tangible fixed assets are initially measU￿d al cost and subsequently measured at cost or valuation, net ol
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of a55ets less their residual values over their
Useful lives on the following bases."
Land and buildings
Land and buildings Leasehold
Fixtures, fittings & equipment
100 years bul see below
all land - nil
200h and 30gh reducing balance
Freehold land is not depreckgted on account of ils indefinrte useftjl life.
Financial Reporting Standard 102 stsles that all assets musl be depreciated. The depfeciable amount of an
asset is calculated as cost less re5idu81 value. Under FRS 102 residual values are based on the price which
an entity would currently obtain if It were lo dispose of the asset less the estimated costs of disposal. The
Committee have reviewed the policy on depreciation and consider that the current residual value of the
properties Is in excess of the wsts and as such a provision for depreciation is not required.
10-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng poll¢les
Icontlnuedl
Housing properties acquired (including landl on the Open market are slated al cost less depreciatron and
impairment where applicable.
The cost of housing freehold land and propety represents their purchase price and any directly attributable
costs of acquisib"on. All invoices and architect's certificates relating lo capitsl expenditure are induded In the
financial statements at the gross value provided that the expenditure incurred on the archit￿1.$ certificates
was completed by the end of the accounting year.
Directly attributable costs of construction includes capilalised interest calculated, on a proportional bass,
using finan￿ costs on borrowing which has been drawn in order lo finance the raevant construction or
acquisition.
Expenditure on major refurbishment lo properties is capitalised where the works increase the net rental
stream over the life of the property. An increase in the nel rental stream may arise through an increase in the
nel rental income, a reduction in future maintenance costs, or a subsequent extension in the life of the
propety.
All other repair and replacement expenditure is charged lo the Statement of Income.
1.4 Flxed asset Inv8stmgnts
Fixed asset investments are initially rneasured al transaction price excluding transaction costs, and are
Subsequent￿ measured al fair value at each repotting date. Changes in fair value are recognised in nel
incomellexpendilurel for the year. Transaction costs a￿ expensed as incurred.
1.5 Impaim)ent of fixed assets
Al each reporting period end date, the company reviews the carying amounts of ils tangible assets lo
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss Irf any). Where it is not possible to estimate the recoverable amount of an individL￿1 asset,
the company estimates the recoverable amount of the cash-generaling unrt lo which the asset belongs.
Recoverable amount is the higher of fair value less Costs lo sell and value in use. In assessing value in use,
the eslimaled future cash flows are dis¢ounled to their present value using a pr&tax discount rate that reflects
cuffenl marf(et assessments of the lime value of money and the risks specific to the asset for which the
estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset lor cash-generaling unill is estimated to be less than its carrying
amount, the carrying amount of the asset lor casFpgeneraling unill is reduced to its recoverable amount. An
impaimenl loss is recognised immediately In surplus or deficit, unless the relevant asset is carried at a
revalued amount. in which case the impairment loss is Irealed as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impaimient loss have ceased lo
apply. Vlthere an impairment loss subsequently reverses. the carrying arnounl of the asset lor cash-gener*'ng
unit) is increased lo the revised estimate of ils recoverable amount, bul so that the increased carrying amount
does not exceed the carrying amount that would have been determined had no impairment loss been
recognised for the asset lor cash-generating unill in prior years. A reversal of an impairment loss is
recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, In
which case the reversal of the impairnient loss is treated as a revaluation increase.
1.6 Cash and cash oquivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at eall wfth
banks, other short-term liquid investments wth original malurilies of three months or less, and bank
overdrafts. Bank overdrafts are shown wthin borrowngs in current liabilities.

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng poll¢i
(Contlnued)
1.7 Financial instruments
The company has elected to apply the provi%ons of Section 11 'Basi¢ Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls.
Financial instruments are recognised in the company's balance sheet when the company becomes paty lo
the contractual provisions of the instrument.
Financial assets and liabilities are offset. with the nel amounts presented in the financial stalemenls, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a net
basis or lo realise the asset ancl settle the liabilty simultaneously.
Basic financial assets
Basic financial assets, which indude debtors and cash and bank balances, are Initially measured al
transaction price including transaction costs and are subsequently carried al amortised c(Ist Using the effective
interest method, less any impairnenl.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary Course ol
business from suppliers. Amounts payable are classified as current liabilities if payment is due wthin one year
or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
1.8 Taxation
The company is exempt from corporation lax, il being a company not carrying on a business for the purposes
of making a profit.
1.9 Employee benefrts
The costs of short-lerm employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the eost of stock or fixed assets.
If material the cost of any unused holiday entiuement is recognised in the period in which the ernployee's
services ore re￿ived.
Termination benefits are recognisecs immedialety as an expense when the company is demonstrably
committed lo terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
The Society operates a defined contribution scheme for the benefft of its employees. Contributions payable
are charged to the profit and loss account in the year they are payable. The assets of the scheme are held
separately from those of the Soaety in an independen￿Y administered fund.
1.11 Leases
Rentals payable under operating leases, including any lease incentives received, are charged to in¢ome on a
straight line basis over the lemi of the relevant lease except where another more systematic basis is more
represenlalive of the time pattem in which economic benefits from the lease asset are consumed.
1.12 Governrnent grants
Govemmenl grants are recognised al the fair value of the asset received or re￿Ivable when there is
reasonable assurance that the grant conditions will be met and the grants will be re￿ived.
Govemmenl grants relating to turnover are recognised as income over the periods when the related Costs are
incurred. Grants relats.ng to an asset are recognised in income syslèmats"cally over the asset's expected useful
life. If part gf such a grant is deferred il is recognised as deferred income rather than being dedu￿ed from the
asset's carying amount.
12

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Continued)
1.13 Repayablelr9¢yclable capttal grants
On the occurrence of certain relevant events. primarily change of use or the sale of dwellings, Homes England
can direct the Soaety to recycle capital grants or to make repayments of the recoverable arnount. Such
amounts are ijisclosed in the balan￿ sheet under'creditors due wthin one yeaff..
1.14 Monetary donations
Income from donats'ons and legacies is accounted for on a receivable basis when il is rnore likely Ihan not that
the economic benefits will flow lo the Society and the amount of the income can be measured reliably.
1.15 Cash flov
The Society has tsken advantage of the disclosure exemption in FRS 102 not to prepare a cash fiow
statement.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required lo make judgements,
estimates and assumptions about the carrying amount of assets and liab'lity'es that are not readily apparent
from other sources. The eslirnales and associated assumptions are based on historical experience and other
factors that are considered ID be relevant. Actual results may differ frorn these estimates.
The eslirnates and underlying assumption5 are ￿VieWed on an Ongoing basis. Revisions to accounting
esb'mates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from residentlal charyes
2024
2023
Potential residential income
Losses arising frorn vacancies etc.
1,326,441 1,213,500
{73,1521 158,5611
1,253,290 1,154,939
Whilst pursuing the plans lo amalgamate Elliot House wf(h Lear House, as mentioned in the Executive
Committee's Report, the Trustees have decided not lo use the rooms wthin Elliot House for the foreseeable
fiJture. The potential residents'al income, as stsled above. does not indude Income from these rooms. The
units in management, disclosed in Note 11, do include these rooms as they are registered with CQC.
Operallng surplus
2024
2023
Operating surplus for the year is staled after chargingllcreditingl..
Govemmenl grants (see note 111
Fees payable to the company's auditor for the audit of the companvs financial
slalements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
Opefating lease charges
91,866
{2,8251
7,200
11,811
840
19,296
6,240
10,590
2,711
23,286
13-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
The average monthly number of persons lincluding ijirectorsl employed by the company during the year was".
2024
Number
2023
Number
Housing, support and care
Adminislralion
33
34
38
39
Their aggregate remuneration comprised..
2024
2023
dges and salaries
Social securty costs
Pension costs
702,472
52.630
11,540
662,249
47,150
11,211
766,642
720,610
Redundancy payments made or e£)mmitted
Tanglblg flxod assets
Land and Plant and
buildings machingry
gtc
Total
Cost
Al 1 Aplll 2023
Additions
Disposals
2,043,037
110,664 2,153,701
1,020
1,020
141,7341
141,7341
Al 31 March 2024
2,043,037
69,950
2,112,987
Depreclatlon and Impalmient
Al 1 April 2023
Depreciation eharged in the year
Eliminated in respect of disposals
70,909
11,811
140,8951
70,909
11,811
140.8951
Al 31 March 2024
41.825
41,825
Carrying amount
Al 31 March 2024
2,043.037
28.125 2.071,162
At 31 March 2023
2,043.037
39,755 2,082,792
14-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Flxed asset Investments
2024
2023
Investments
1,013,751
954,423
Flxed asset investments revalued
The listed inveslrnents are included in the financial statements al market value. The investment ￿rtfoliO is
managed by Ralhbones Investment Management. The portfolio h85 been constructed in accordance with the
Trustees. Instructions regarding investment objectives and risk level. Al the year end the cost of the
investments was £985,92812023 £973,338).
Movements In flxed asset Investments
Investments
other than loans
Cost or valuatlon
Al 1 April 2023
Addib'ons
Valuab'Dn changes
Disposals
Movement on income and capital accounts
954,423
134,860
34,658
1116,1941
6,004
Al 31 March 2024
1.013,751
Carrylng amount
At 31 March 2024
1,013,751
At 31 March 2023
954,423
Dobtors
2024
2023
Amounts falling due within one year.
Rent outstanding
Other debtors
14,214
121,521
1,844
29,412
135,735
31,256
15-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Credltors: amounts falling due wlthin one ygar
2024
2023
Notes
Homes England grant repayable
Trade creditors
Taxation and social security
Govemment grants
Other creditors
Accruals and deferred income
10
234,540
39,333
12,709
19,752
9,990
2.345
6,658
9,142
10
14,268
11,368
312,218
47,887
10 Repayabl6lrecyclabla capital grant
As a result of discussions with Homes England the Society has been directed lo repay social housirvJ grants
lolalling £234,540. The grants were received in the 1980,8 for social housing accomrnodation which the
Society no longer operates.
In accordance with accounting polices the Society has accounted for the grants as deferred income in the
balance sheet and released il lo income on a systematic basis over the useful life of the propety fDr which the
grant was received.
In order to disclose the COr￿Ct grant repayable the proportion of the grant previously shown as tsferred
income, £2,345 and £140,329 (see note 11) has been transferred to other creditors. In addition the grant
previously released to income (£91,866 - see note 41 has been shown as an expense in the statement ol
income and retained earnings and also shown in other creditor5.
11 Credltors: amounts falling due after more than one year
2024
2023
Other creditors
140.329
In accordance with the requirements of FRS 102 grants received from Homes England Ipreviously the Homes
and Communities Agency) are held within creditors as deferred grants and amortised over the useful life of the
properties. Also see note 10 above.
12 Housing stock
2024
2023
Housing ac¢ommodalion - number of bed spa￿S
Units under development
Units in management
33
33
16-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Members. liability
The Society Is a company is limited by guarantee, not having a share capital and consequently the liability of
members is limited, subject to an undertaking by each member lo contribute lo the net assets or liab'lities of
the company on winding LJP such amounts as may be required not exceeding £1.
The members of the Society are the Executive Committee and the sut>committees. The total number of
members at 31 March 2024 was 612023 - 61
14 Related party transactlons
None of the members of the Society lor any persons connected with them) received any remuneration,
expenses or benefits during the year12023 none).
15 Operating leaso commitmgnts
Lessee
Al the reporting end dale the company had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, as follows..
2024
2023
122,139
67,129
16 Capital commitments
There were no financial committments at the year end12023 nill.
17 Non-audlt Sorvl¢es provlded by audltor
In cornmon with many businesses of our size and nature we uso Dur auditor to assist wth the preparation of
the financial statements.
17-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
DETAILED INCOME AND EXPENDITURE ACCOUNT UNAUDITED
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Income
Residents, fees
Respite fees
1.206,864
46,426
1,139,889
15,050
1,253,290
1,154,939
other oparating Income
Donations
Government grants receivable and released
Other CorDnavirLJS funding - WBC
Employment allowance
6,755
191,8661
10,120
2,345
480
5.000
5,000
180,1111
17,945
House operating expenses
Wages and salaries
Stxial security costs
Staff training
Staff pension costs defined contributs'on
Agency caring servi￿$ and nursing
Food
Rent re operating leases
Water rates and eounrAI tax
Cleaning inc. PPE costs
Gardening costs
Power, light and heat
Propety repairs and maintenance
Boiler replacement- Lear House
Boiler replacement- Elliot House
Insurance
Telecommunications
Residents. entertaining
Sundry expenses
CQC sutsscription
Depreciats"on on household furniture and equipment
Loss on obsolete tangible assets
805,805
45,296
6,903
9,819
2,028
45,524
17.323
11,701
19,015
6,711
22,400
33,573
26,174
22,135
10,006
448
5,295
1,225
5,023
10,887
725
570,288
40,042
7,028
9,593
9,543
41,157
19,924
11,182
16,529
2,998
25,835
24,131
11,281
2,125
3,791
538
5,023
9,644
2,711
1908,0161
1813,361 }
Balance carried fO￿ard
265.163
359,523
18-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
DETAILED INCOME AND EXPENDITURE ACCOUNT UNAUDITEDICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Balance brought forward
265,163
359,523
Administrative axpenses
Wages and salaries
Social security costs
Staff pension costs defined contribution
Health insurance
Rent re operats'ng leases
Computer running costs
Travelling expenses
National affiliation fee
Legal and professonal- Ellis Inhittam
Legal and professional- Financial Planning
Legal and professional- re Elliot House
Legal and professional - employment matters
Legal and professional - Acton heaf(h & safely
Rathbones management fees
Non audit remuneration paid lo audf(ors
Audit fees
Audit fees underprovision re prior year
Bank charges
Bad and doubttul debts
Contributions towards residents. fees
Printing and slalionery
Advertising
Telecommunications
Sundry expenses
Depreciation
Loss on obsolete tangible assets
96,667
7.334
1.721
3,376
1,973
22,438
297
6,191
5,794
1,500
16,510}
712
6,236
8,091
600
7,200
360
258
91,963
7,108
1,618
3,056
3,362
9,411
116
7,739
5,445
1,500
6,510
504
6,284
7,659
1,080
6,240
280
14,8981
100,006
2,665
9,110
297
2,358
68,595
2,81D
10,167
114
2,994
924
115
1249,9581
1270,5391
Operating surplus
15,205
88,984
Investmenl revenues
Bank interest received
Dividends from investments measured al fair value
7,822
28,627
1,003
25,528
36,449
26,531
Balance carried fOn￿ard
51,654
115,515
19-

THE ABBEYFIELD HOYLAKE & WEST KIRBY SOCIETY LIMITED
DETAILED INCOME AND EXPENDITURE ACCOUNT UNAUDITEDICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Balance brought forward
51,654
115,515
other gains and losses
Increaselldecreasel in value of investments
measured at fair value
ProfiVILossl on disposal of investments measured al
fair value
34,658
169,2271
4,636
12,2611
39,294
171,4881
Surplu$ for thg yoar
90,948
44,027
-20-