2025-04-05-accounts - The Abbeyfield Leigh Society Limited

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REGISTERED COMPANY NUMBER: 00843675 (England and Wales) REGISTERED CHARITY NUMBER: 243592

THE ABBEYFIELD LEIGH SOCIETY LIMITED

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2024 TO 30 APRIL 2025

THE ABBEYFIELD LEIGH SOCIETY LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the period 6 April 2024 to 30 April 2025

		Page
Reference and Administrative Details		1
Trustees' Report	2	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet	6	to	7
Notes to the Financial Statements	8	to	14

THE ABBEYFIELD LEIGH SOCIETY LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS for the period 6 April 2024 to 30 April 2025

TRUSTEES	Edna Ashcroft (Director)
	Glynn Squires (Director appointed 1.12.24)
	Melvyn Rothwell (Director) (deceased 11.10.24)
	Margaret Bullough (Director appointed 1.12.24)
	Stephen Donlan (Director appointed 1.12.24)
	Audrey Bent (Director appointed 1.12.24)
	Len Speakman (Director appointed 1.12.24) (resigned 4.1.25)
COMPANY SECRETARY	John France
REGISTERED OFFICE	Suite 2 Beswick House
	Green Fold Way
	Leigh
	Lancashire
	WN7 3XJ
REGISTERED COMPANY	00843675 (England and Wales)
NUMBER
REGISTERED CHARITY	243592
NUMBER
INDEPENDENT EXAMINER	Hayes & Co
	Chartered Accountants
	St.Andrews House
	11 Dalton Court, Commercial Road,
	Blackburn Interchange
	Darwen
	Lancashire
	BB3 0DG
BANKERS	HSBC Bank
	71 Bradshawgate
	Leigh
	Lancashire
	WN7 4NE

Page 1

THE ABBEYFIELD LEIGH SOCIETY LIMITED

TRUSTEES' REPORT for the period 6 April 2024 to 30 April 2025

The trustees present their annual report, which also contains the requirements of a director's report under the Companies Act 2006, and accounts for the period ended 30 April 2025.

Relevant administrative information is included separately at the front of these accounts.

OBJECTIVES AND ACTIVITIES

The charity review its aims, objectives and activities each year to help ensure its focus on its stated purposes. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims, objectives and in planning its future aims.

The charity's objectives are to provide residential accommodation to the elderly in accordance with the principles of the Abbeyfield Society, in respect of which it is an affiliated member.

The aims of the Abbeyfield Society are to make older people's lives easier and more fulfilling. Since 1956 Abbeyfield volunteers have worked tirelessly to provide housing, support and companionship to older people in their local communities.

Abbeyfield residents enjoy life all the more because they know the people who run their societies are dedicated volunteers who are doing this demanding work because they want to.

Considerable importance is placed upon the provision of quality accomodation for the residents and house-keepers.

The condition of the properties is under constant review and various improvements have been undertaken during the year.

Fire and health and safety regulations are monitored by the executive officer and it is the charity's policy to give priority to any improvements considered necessary. Any alterations are always treated with importance and granted a first charge on the charity's funds.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

ACHIEVEMENTS AND PERFORMANCE

During the period vacancies amounted to some 393 weeks due to the residents moving out due to their deteriorating health; 63% utilisation of accommodation was achieved.

The Society reports a deficit of £43,200 for the period under review (2024: surplus £44,844). Income from the provision of accommodation has fallen in the year to £246,612 from £265,869 in 2024. Repairs have increased to £58,558 from £27,931 due to the property being refurbished and re-decorated.

FINANCIAL REVIEW

The Society's reserves stand at £1,135,238 of which £465,615 is held in cash.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to such risks.

PLANS FOR FUTURE PERIODS

There are in force schedules of repairs and re-decorations which are being complied with.

Page 2

THE ABBEYFIELD LEIGH SOCIETY LIMITED

TRUSTEES' REPORT

for the period 6 April 2024 to 30 April 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a company limited by guarantee and was incorporated on 31 March 1965. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The trustees, three of whom were also directors for the purpose of company law, who served during the year were: Edna Ashcroft (Director)

Glynn Squires Melvyn Rothwell (Director - Deceased 11.10.24) Margaret Bullough Stephen Donlan Audrey Bent Len Speakman (Resigned 4.1.25)

On 1 December 2024 the remaining trustees were appointed directors.

The trustees are re-appointed at the annual general meeting on a 1/3 rota basis. New trustees are welcome and any interested party should apply to the secretary or any existing trustee. The society has in force a detailed induction schedule and agreement for new trustees: there is a liaison officer who is the person on the executive committee whose duty it is to ensure that the new trustees complete the induction schedule and agreement, the recruitment form, the request for reference form, and to ensure that they are made aware of the complaints procedure and the procedures to be followed in the event of assistance being required to deal with and emergency situation.

The trustees delegate the day to day management of the accomodation facilities to John France, company secretary and executive officer.

None of the trustees has any beneficial interest in the company.

Approved by order of the board of trustees on 17 March 2026 and signed on its behalf by:

Stephen Donlan - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ABBEYFIELD LEIGH SOCIETY LIMITED

Independent examiner's report to the trustees of The Abbeyfield Leigh Society Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 6 April 2024 to 30 April 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (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 Company 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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those 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.

Anthony Totham

Hayes & Co Chartered Accountants St.Andrews House 11 Dalton Court, Commercial Road, Blackburn Interchange Darwen Lancashire BB3 0DG

17 March 2026

Page 4

THE ABBEYFIELD LEIGH SOCIETY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the period 6 April 2024 to 30 April 2025

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4 Incoming resources from charitable activities 5 Investment income 6 Total EXPENDITURE ON Charitable activities 7 Administrative expenses Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Period 6.4.24 to Year Ended 30.4.25 5.4.24 Unrestricted Total fund funds £ £ 1,380 550 246,612 265,869 27,160 17,752 275,152 284,171 328,569 247,673 10,217 8,346 (43,200) 44,844 1,178,438 1,133,594 1,135,238 1,178,438	Period 6.4.24 to Year Ended 30.4.25 5.4.24 Unrestricted Total fund funds £ £ 1,380 550 246,612 265,869 27,160 17,752 275,152 284,171 328,569 247,673 10,217 8,346 (43,200) 44,844 1,178,438 1,133,594 1,135,238 1,178,438
		284,171
		247,673
		8,346
		44,844 1,133,594
		1,178,438

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes form part of these financial statements

Page 5

THE ABBEYFIELD LEIGH SOCIETY LIMITED

BALANCE SHEET 30 April 2025

Notes FIXED ASSETS Tangible assets 14 CURRENT ASSETS Debtors 15 Investments 16 Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 18 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS	2025 Unrestricted fund £ 155,123 359,025 207,558 435,615 1,002,198 (19,642) 982,556 1,137,679 (2,441) 1,135,238 1,135,238 1,135,238	2024 Total funds £ 146,754 22,045 197,340 840,261 1,059,646 (25,521) 1,034,125 1,180,879 (2,441) 1,178,438 1,178,438 1,178,438

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

Page 6

continued...

THE ABBEYFIELD LEIGH SOCIETY LIMITED

BALANCE SHEET - continued 30 April 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 March 2026 and were signed on its behalf by:

Stephen Donlan - Trustee

The notes form part of these financial statements

Page 7

THE ABBEYFIELD LEIGH SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the period 6 April 2024 to 30 April 2025

1. CHARITY INFORMATION

The Abbeyfield Leigh Society Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Suite 2, Beswick House, Greenfold Way, Leigh, Lancashire. WN7 3XJ.

2. ACCOUNTING POLICIES

Basis of preparation

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Income

Income from the provision of housing accomodation provided by the society is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aids or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and the receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold buildings	5% on cost per annum
Leasehold property	5% on cost per annum
Fixtures, fittings & equipment	25% reducing balance basis per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income /(expenditure) for the year.

Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is an 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 (if any).

Taxation

The charity is exempt from corporation tax on its charitable activities.

continued...

Page 8

THE ABBEYFIELD LEIGH SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 6 April 2024 to 30 April 2025

2. ACCOUNTING POLICIES - continued

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of restricted funds are set out in the notes to the financial statements.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern of accounting in preparing the financial statements.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts.Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and subsequently all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amotised cost using the effective interest method.

continued...

Page 9

THE ABBEYFIELD LEIGH SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 6 April 2024 to 30 April 2025

2. ACCOUNTING POLICIES - continued

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Investments

Current asset investments are included at closing midmarket value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.

3. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates 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. No critical accounting estimates or judgements have been made by the trustees in preparing these financial statements.

4. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
	Period
	6.4.24
	to	Year Ended
	30.4.25	5.4.24
	£	£
Donations	1,380	550
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
	Period
	6.4.24
	to	Year Ended
	30.4.25	5.4.24
	£	£
Provision of accomodation	246,612	265,869

5. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

continued...

Page 10

THE ABBEYFIELD LEIGH SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 6 April 2024 to 30 April 2025

6. INVESTMENT INCOME

6.	INVESTMENT INCOME
		Period
		6.4.24
		to	Year Ended
		30.4.25	5.4.24
		£	£
	Deposit account interest	27,160	17,752
7.	CHARITABLE ACTIVITIES COSTS
			Support
			costs (see
			note 8)
			£
	Administrative expenses		328,569
8.	SUPPORT COSTS
			Governance
			costs
			£
	Administrative expenses		328,569
	Support costs, included in the above, are as follows:
	Governance costs
		Period
		6.4.24
		to	Year Ended
		30.4.25	5.4.24
		Administrative	Total
		expenses	activities
		£	£
	Wages	139,490	122,670
	Social security	6,534	5,378
	Pensions	1,938	1,680
	Auditors' remuneration	204	4,260
	Rates and water	11,749	7,982
	Insurance	4,514	1,676
	Light and heat	16,087	10,417
	Telephone	2,916	1,543
	Postage and stationery	234	-
	Sundries	1,774	1,124
	Accountancy	10,020	9,480
	Legal and professional fees	11,797	432
	Advertising	3,307	1,495
	Subscriptions	7,015	4,901
	Repairs and maintenance	58,558	27,931
	Housekeeping	30,480	28,620
	Bank charges	226	208
	Bad debts	-	1,496
	Depreciation of tangible fixed assets	21,726	16,380
		328,569	247,673

continued...

Page 11

THE ABBEYFIELD LEIGH SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 6 April 2024 to 30 April 2025

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

		Period
		6.4.24
		to	Year Ended
		30.4.25	5.4.24
		£	£
	Depreciation - owned assets	21,727	16,378
10.	AUDITORS' REMUNERATION
		Period
		6.4.24
		to	Year Ended
		30.4.25	5.4.24
		£	£
	Fees payable to the charity's auditors for the audit of the charity's financial
	statements	204	4,260

11. TRUSTEES' REMUNERATION AND BENEFITS

None of the trustees (or any persons connected with them) received any remuneration or expenses during the year.

12. STAFF COSTS

The average monthly number of employees during the period was as follows:

Care assistants Management	Period 6.4.24 to Year Ended 30.4.25 5.4.24 4 4 1 1 5 5	Period 6.4.24 to Year Ended 30.4.25 5.4.24 4 4 1 1 5 5
	2025	2024
Employment Costs
	£	£
Wages and salaries	139,490	122,670
Social security costs	6,534	5,378
Other pension costs	1,938	1,680


	147,962	129,728

The total amount of employee benefits (including employer pension contributions and social security costs) received by key management personnel for their services to the charity was £20,982 (2024: £19,251).

continued...

Page 12

THE ABBEYFIELD LEIGH SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 6 April 2024 to 30 April 2025

13. NET GAINS ON INVESTMENTS

	2025	2024
	£	£

	10,217	8,346

Long leasehold £ 146,927 - 146,927 92,718 8,000 100,718 46,209 54,209	Fixtures and fittings £ 86,661 30,096 116,757 80,892 6,066 86,958 29,799 5,769 2025 £ 11,941 340,000 7,084 359,025 2025 £ 207,558	Totals £ 802,488 30,096 832,584 655,734 21,727 677,461 155,123 146,754 2024 £ 10,589 - 11,456 22,045 2024 £ 197,340

continued...

Page 13

THE ABBEYFIELD LEIGH SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the period 6 April 2024 to 30 April 2025

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors Social security and other taxes Other creditors Accruals and deferred income 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors	2025 £ 2,180 1,991 615 14,856 19,642 2025 £ 2,441	2024 £ 6,825 2,524 509 15,663
		25,521
		2024 £ 2,441

19. RELATED PARTY DISCLOSURES

There were no disclosable related party transactions during the year (2024 - none).

20. SHARE CAPITAL

The charity has no share capital, being a company limited by guarantee. Each member guarantees to contribute an amount not exceeding £1 in the event of a winding up situation.

Page 14