Good morning from Chairman 

Thanks to MC welcome CW first AGM 

Minutes annual AGM 2[nd] December – all signed as accurate by DNL 

DNL read Chairman statement 

Treasure report 

Thanks to ACM for supporting SC,  thanks to SC and volunteers in particular the garden.  Grateful to fellow trustees, in particular DNL and to CW to joining the society. 

Report – page 5 double negative from independent examiner, endorsement of the accounts.  ACM confirmed all is well. 2021 difficult year for variety of reason a £18k loss, improve for 2021/2022 £23k surplus,  income was stronger and spent less money. Occupancy isn’t a given , so takes a lot of work to enable full occupancy. Incredible improvement on last year. 

Expenditure – payroll, more occupancy hasn’t increased wages too much, Overall budget value, is key.  Sufficient staffing to support residents. 

Refurbishment – high costs in previous year, repairs and maintenance much less.  Utilities have not been an immeadiate issue due to contracts, 17% increase but £2,600 not a huge concern. Extra professional fees due to a dispute with a member of staff.  Staff reviews ensure that less unexpected issues with staffing. 

£22, 735 remarkable result in surplus 2022/2023 £15k surplus so far – forecast to ACM has improved since sending. 

As a result, ended up in the year £144k in the bank, balance £179k. Addressing bigger items such as the lift will cause impact on finances. Encourage CW in the re investment of the building, attractive, families are staying in good quality. 

XERO huge benefit to SC and ACM    higher initial costs from ACM due to support in setting up XERO 

Support given to KM thankful 

Redevelopment fund – Woodstock house – implication – use of money Sold Woodstock off, we didn’t use the capital for rebuild of NFC, redevelopment fund historically – 

ACM – reserve fund, present premises needed work or expanding it, cant be just used for the general running of the society.   Use for the lift in the future?  ACM need to review details of the money. 



DAL – policy on what those funds should be used for – house being sold, would those funds be used for protection /insurance policy.  Reserves policy, 3 months of expenditure. 

All societies should aim for 5% surplus every year – makes sense to keep reserve.  Not for profit and not for loss. Basic approach,  not let the reserves   - should be established as a policy . Valuation of the property discussion 

Any questions on finance 

Report by house manager – all received and confirmed 

Signed off accounts produced by ACM 

 KM submitted resignation with great regret accept Over the years 2 treasurers Peter Knott saw through development and Km joined 10 years keeping us on straight and narrow, common sense, in helping DNL and HM. 

Thank you for all that you have done, both treasurers have been rotary friends. 

- Appoint volunteer treasure and trustee 

- Nominate Colin Weeks 

- Accepted 

- 2 re appointments 

Rosemary Harris – thank to advice on David Allwright 

Re appointed 

Propose current chair Assuming he is willing to take it on, best of health recently.  Covid intervened. 

Happy to be re elected – replacement as chairman during 2023. 

David Lewis Vice chair – temporary replacement should an issue One more year as Vice – accepted. 

Treasure – I would like to propose CW as the new treasure – accepted Sam Corrie – company sec -nominated approved 

Appointment of independent examiners so that would re appoint ACM by CW 

Thank you to Mike and all the team. 

AOB – AGM closed 10.35am 



## **Budget Variance** 

## **Abbeyfield Taunton Defendamus Society For the year ended 30 June 2022** 

|**For the year ended 30 June 2022**|||||||||
|---|---|---|---|---|---|---|---|---|
||**2022**|**2022 OVERALL**<br>**BUDGET**|**VARIANCE**|**VARIANCE %**|**2022**|**2022 OVERALL**<br>**BUDGET**|**VARIANCE**|**VARIANCE %**|
|**Trading Income**|||||||||
|Donation & grants|1,100.00|-|1,100.00|-|1,100.00|-|1,100.00|-|
|Flat 39|22,352.52|22,225.00|127.52|0.57%|22,352.52|22,225.00|127.52|0.57%|
|Flat 41|21,153.12|21,032.00|121.12|0.58%|21,153.12|21,032.00|121.12|0.58%|
|Flat 42|24,222.60|24,083.00|139.60|0.58%|24,222.60|24,083.00|139.60|0.58%|
|Flat 43|24,222.60|24,083.00|139.60|0.58%|24,222.60|24,083.00|139.60|0.58%|
|Flat 44|21,153.12|21,032.00|121.12|0.58%|21,153.12|21,032.00|121.12|0.58%|
|Flat 45|21,153.12|21,032.00|121.12|0.58%|21,153.12|21,032.00|121.12|0.58%|
|Flat 46|21,153.12|21,032.00|121.12|0.58%|21,153.12|21,032.00|121.12|0.58%|
|Flat 47|27,809.04|27,650.00|159.04|0.58%|27,809.04|27,650.00|159.04|0.58%|
|Flat 48|21,153.12|21,032.00|121.12|0.58%|21,153.12|21,032.00|121.12|0.58%|
|Flat 49|21,153.12|21,032.00|121.12|0.58%|21,153.12|21,032.00|121.12|0.58%|
|Flat 50|24,222.60|22,312.00|1,910.60|8.56%|24,222.60|22,312.00|1,910.60|8.56%|
|Flat Vacancy for budget purposes only|(6,103.08)|(2,270.00)|(3,833.08)|-168.86%|(6,103.08)|(2,270.00)|(3,833.08)|-168.86%|
|Interest receivable (EXECUTIVE COMMITTEE - Income)|17.30|-|17.30|-|17.30|-|17.30|-|
|Residents' charges receivable|104.13|-|104.13|-|104.13|-|104.13|-|
|**Total Trading Income**|**244,866.43**|**244,275.00**|**591.43**|**0.24%**|**244,866.43**|**244,275.00**|**591.43**|**0.24%**|



## **Cost of Sales** 

Abbeyfield Taunton Defendamus Society 

Budget Variance 



Budget Variance 

||**2022**|**2022 OVERALL**<br>**BUDGET**|**VARIANCE**|**VARIANCE %**|**2022**|**2022 OVERALL**<br>**BUDGET**|**VARIANCE**|**VARIANCE %**|
|---|---|---|---|---|---|---|---|---|
|Council Tax|12,155.64|13,800.00|(1,644.36)|-11.92%|12,155.64|13,800.00|(1,644.36)|-11.92%|
|Electric|17,947.47|9,420.00|8,527.47|90.53%|17,947.47|9,420.00|8,527.47|90.53%|
|Insurance|5,506.42|15,160.00|(9,653.58)|-63.68%|5,506.42|15,160.00|(9,653.58)|-63.68%|
|Provision|17,998.05|18,000.00|(1.95)|-0.01%|17,998.05|18,000.00|(1.95)|-0.01%|
|Repairs & Renewals|18,270.87|5,250.00|13,020.87|248.02%|18,270.87|5,250.00|13,020.87|248.02%|
|Wages|123,330.47|123,468.00|(137.53)|-0.11%|123,330.47|123,468.00|(137.53)|-0.11%|
|Water Rates|2,732.40|4,200.00|(1,467.60)|-34.94%|2,732.40|4,200.00|(1,467.60)|-34.94%|
|**Total Cost of Sales**|**197,941.32**|**189,298.00**|**8,643.32**|**4.57%**|**197,941.32**|**189,298.00**|**8,643.32**|**4.57%**|
|**Gross Profit**|**46,925.11**|**54,977.00**|**(8,051.89)**|**-14.65%**|**46,925.11**|**54,977.00**|**(8,051.89)**|**-14.65%**|
|**Operating Expenses**|||||||||
|Advertising|2,744.30|1,740.00|1,004.30|57.72%|2,744.30|1,740.00|1,004.30|57.72%|
|Bank Charges|361.87|-|361.87|-|361.87|-|361.87|-|
|Bank Charges (EXECUTIVE COMMITTEE - expenditure)|30.00|-|30.00|-|30.00|-|30.00|-|
|Contract Maintenance|-|5,760.00|(5,760.00)|-100.00%|-|5,760.00|(5,760.00)|-100.00%|
|Gas|-|8,244.00|(8,244.00)|-100.00%|-|8,244.00|(8,244.00)|-100.00%|
|Legal and Professional Fees|12,423.23|-|12,423.23|-|12,423.23|-|12,423.23|-|
|Site Maintenance|-|27,000.00|(27,000.00)|-100.00%|-|27,000.00|(27,000.00)|-100.00%|
|Sundry Expenses|4,996.46|6,600.00|(1,603.54)|-24.30%|4,996.46|6,600.00|(1,603.54)|-24.30%|
|Telephone|3,646.86|2,410.00|1,236.86|51.32%|3,646.86|2,410.00|1,236.86|51.32%|
|**Total Operating Expenses**|**24,202.72**|**51,754.00**|**(27,551.28)**|**-53.24%**|**24,202.72**|**51,754.00**|**(27,551.28)**|**-53.24%**|



Abbeyfield Taunton Defendamus Society 

Budget Variance 



Budget Variance 

||**2022**|**2022 OVERALL**<br>**BUDGET**|**VARIANCE**|**VARIANCE %**|**2022**|**2022 OVERALL**<br>**BUDGET**|**VARIANCE**|**VARIANCE %**|
|---|---|---|---|---|---|---|---|---|
||||||||||
|**Net Profit**|**22,722.39**|**3,223.00**|**19,499.39**|**605.01%**|**22,722.39**|**3,223.00**|**19,499.39**|**605.01%**|



Abbeyfield Taunton Defendamus Society 

Budget Variance 



E ABBEYFIELD TAUN
DEFENDAMUS S
IEfY LIMITED
UNAUDITED FINANCIAL STATEME
YEAR ENDED 30 J
NE 2022
NTENTS
Company Inforrnation
Rew)rt of the Exxulive Committ¢¢
Independent Examiner's Rep
Income and Expenditure Account and Statement of
Financial Aciiviiies
Balance Sheet
8-13
Notes to the Financial Stllt¢ments
Company Regisiratitsn Number.. 900502
Registered Charily Nuinb¢r'. 253429
Company Registration Number.. 900502

DTA
NDE
TED
OMPANY INF
TI
EXEC
ECO
Col D N Lowe OBE DL
Awh
K Mccarthy
Cdre D Lewts
RHarris
D Allwright
ECBETARY
MrsA Smith
S Corri¢
(resi￿ed sWte￿ber 2021)
(appoinr¢d Dec￿nber202l}
Stsffoid HtrJ5e
BknGkbroDk Park Av¢nu¢
TaurttOD
TAI 2PX
rNDEPE
Ilkl
Michael Cty)k BS¢ FCA
ACMol¢
Stafford Hous¢
Blackbrook Park A¥eTMe
Taunton
TAI 2PX
BA
Royal Bank of Sc￿10￿d plc
36 St Andrew Sware
Edinburgh
Scotland
EH2 2YB
Company Registraiion Numlxr. 900502

ABBEYFtELD TAuKfoN DEFENDAMUS S
LIM[
BEPORT O
UTIVE COMN]
The Memb¢rs of th¢ Execuiive Comlllittee Prese￿ their Kep(Kt and the flnancial stht¢m¢nts of th¢ S(Kiety for the Ye￿ ended 30
Jlllle 2022.
RF.PO
Thi5 year been one of CQA801idkion. after the ending of all Covid restriction& Luckily. although several residents havecaught Covid.
th8nks to th¢m g]1 b¢ing up io da¢¢ with their vKGination4 none have ended up in hospilal.
Sadly. we h&d the death of orte wsidenl in her aprn￿- not Covid relattd-and othus have movd on. IMLt wcupancy has been very
800d.
Tr Ho￿¢ Moniger attd swff hiv¢ w0￿¢d tiT¢k5sty tokeq>Tuidcnts Safe and fed, &specialty when sdf-isolatinB in thcir room5.
With rto rtstri¢tiot4 rwidents have been able to reswne trips wt with our volunte¢r Ati Lewi4 to whom we owe 8 considerable debt or
thanks.
Cattfvl ¢ontrol tsf ¢xp¢nditUT¢and #oed ertuparKy hwt led to a healthy ￿rpluS. ThLS 15 im￿rtant with a Irx)rnin8 e¢nnomi¢ l￿578.
Finallyi I must rec4)rd my sinr*r¢ thath to my ftllow Th]sttts and the staff aE)d volunteers for IheiT SUPPQrt aThd hard work during the
y¢8w. Jn ¢hi5 1 musl singl¢ oul Mrs Sam Corrie, theHouse MaDa8er. h18 WOTked tirelessly to keep on lop of everything at the Hou5t.
Sh¢ has gon¢ wty iwond whal￿VId rea￿ablY be expxted of hex, often wotking in hu own time. We are very lucky io have her.
OVEIINIIqG D
The Society is a Charity constituted as a cothpAny limited by 8varanttt, incoryjorated on 10 March 1967 and registered ay a eharity
on 16 August 1967. The Company was eslablishtd under a MemoraD(hlln of AssociatiQD which established the objects atLd.powers
of the charitsble Cotnpany aud 15 8QV6rned under its Arti¢1¢5 of Associ￿10￿. ID thc event of th¢ company b¢Jng wound up members
axe required to ctsrttribute an amount not exceediDg £1 exb.
CRUIThlENT AND
The directors of th¢ ¢ompany are also charity trnsiees for the of charity law attd Mnder the company's Articles are known
¥s rnembers of the Execuriv¢ Committ¢¢. Th¢ ChaiJman ?￿j other ronJmiltc¢ mc]nber5 haye been aclively 5uktDg to attraGt n¢w
eTnb8rs to increa56 th8 size of the existingcomEll*ie¢. New tTUSL¢es aT¢ bri¢fedon ib¢ir legal obligaiions und¢r ¢h8riry and¢ompany
law. Ihe ¢oni¢nt of the Memoraftdum and Articles of Association, the ettmmirtee and decision makin8 processes and recent
p¢rf¢irman¢¢ of the charity. Trusrees are eneournged to at*nd appropriate external training events where these wfftll facilitate the
Undertaking of ih¢ir rolc.
Th¢ So¢iety is affiliattyj to the Abbeyfield Society, and i5 ¢ontrolleA by an Executive Commiue¢ who meet regularly and are
responsible for thB strate8ic direrlion and policy of the ¢harity. At present th¢ Ex¢cutiv¢ Committe¢ ha5 Six m¢mkrs from a variety
of professional backgrounds relevani io the work of the charity. All cornrniNe¢ Trembers are unpaid volunie¢rs. Further valuablo
help is given by other volunrects who, undcr th£ collective natne of Friend5 of Abbeyfield. Provide support to residents.
Themajorrisks to which theSo¢iety is expos¢<Las I￿lif1¢d by th¢Trustee5. haveb¢enrevi¢wed and systems hav¢been established
to miti8atE tIL05¢ Tisks.
C(*npany Registration Number.. 900502

BEYFIELD T
TO
FENDA
IETY LIMITED
F THE EXEC
IVE
AND
•J.I
VITIE
The Society's objetlive aThJ PTinGipal activity 15 lo provid¢ ¥￿N￿mOd￿l0k and housing for the dderly io a¢￿￿￿A¢A with the aims and
principles of th¢ Abbryfi¢ld SoGi¢ty Limiled. This objective is xhi¢v¢d by the w0visi￿ and maThasemenL of a house irk Taunton known
a5 Northfield Criurt. It is the obj¢¢tiv¢ of th¢ Executive commit￿ ead] yw to maximi5e thE public ben¢fil provided by lh¢ So¢i¢ty in
providing high qualiry suptKsQ havwjg r¢gard to the extent of the Society'5 income and r¢s¢Yv¢s, thE Cost of facilitie5 and th¢ ability of
re5Ldenls ￿ make paymertts from their resource
Northfield Court was oprned in March 2Q)8 ￿ wovides six one be41r￿m￿l and five N¥a bedroomeAJ sel(-¢A)nt•ined flats #nd ¢8rt
o¢comrnodal¢ up to sixteeEL peopl
Residents Af¢ to rnainiain their inder*rt￿ wbilsi 5UPPOrted with meals. *aministralion and social activitie5. A
housek¢¢p¢r is in Btt¢ndanGe and much voluntary support is giv¢0 by a wid¢ Gr055 StctioTh of the local community. Enrry is open to all,
subject to satisfactory health requirements, wilh char8es sd at affordable levels. Residents in receipt of housing or other stale benefits are
acvp¢¢d. Charges are r¢Yiewcd annually and kept as low as &)nsider¢d pNdML
When reviewiti8 the charity's Éims •nd obiE¢uves and plannuwits a(*iVili¢s th¢ truste¢s ha¥¢ h•Jdur r￿ard iothe Charity CommÉ5sion's
public t*nefit guidance. ]￿lud￿￿ its guidatKe QD fee char8in8.
FINAN
IA
VIEW
Nei rental incom¢ in¢reased as & result of kjwv voids vxan¢i¢s duTing 2022. EXpffidltu￿ ha5 decrelvd compared trj last year and
as a result there is a n¢1 5urpIu5 for the year gIW722 (2021: d¢fi¢ii £18N3).
ERVES POLI
ReseTves sre needed lo cover any decline in occtpn¢y kv¢b urtxpected emergency repair5 and other expernlittire, At 30 Jun¢ 2022
the level of fr¢¢ rryserves (excluding fixed assets) anKJunt¢d ￿ £138.W812021.. £115.286) which the Execulivt Conllnirtee consider is
appropriat¢ for th¢ ¢harity'&netd5. The f￿¢ reserves ioapproximately stvth months. runnin8 costs.
RESPO
si
TI
OF THE EXE
The member5 of lh¢ Ex¢¢uliv¢ Commiitce (who are alsodiredors ofThe Abbeyfield Taunton DcfcThdamu5 Society Limited for th¢
purposes of ¢oMp￿Y law) ar¢ resptrnsibl¢ for prepaTin8 Ihe RepDrt of th¢ ExcGutive Committee {incorporatin8 th¢ dire¢lors' T¢POrtI and
the financial siatements iti at¢OTdan¢e with applicablc law and ijrtited Kingdom Accowiting StJndaTd5. ineluding Financial Reportlng
Standard 102.. The Financial REPDrting Standard applicable in th¢ UK Republi¢ of ITrland Iunited KiThBdom Generally Aceepied
A¢counlin8 Pra¢ti¢e).
Company law r¢4uir¢s ¢h¢ Exe¢ulive Committee to prewe financial for ea¢h flnancial year which 8iv¢ a true atsd fair vi¢w of
the siaie of affaits ofthe chaTitable wmpany and of the income atjd expcnditur4 of th¢ rharitablecompany for that P￿lod. In prepvin8
these financial statements, the Exrcutive Comrntttee are required to..
select suiiabl¢ *¢ounling poliGics and apply them ¢onsistenily-
ob&Brvt th¢ method5 and principles the Chlrities SORTr-
make jtsdgm¢Thts hfKi a¢countin8 e51im&les th￿ are rea$Or￿le atld pwdML
#dlt whethcr appllcable UK Accountin2 Standlrds hove been followe4 subjea to aJ)y mat¢rial departur¢5 disG105¢d aT
¢xplain¢d in the flnancial statewnents.8nd
PTepare the financial statements on the 80ing ¢orK¢rn basis unltss it is inapprcyriate to presume Ibat ¢h¢ ¢hari(ablE wmpany
will ¢ontiThue in business.
The Executiv¢ Committce are resp0Tr5ible for maÉrtthinin8 prow acwijriting Ttcord5 wILith disc1¢￿¢ with re&59n4bl¢ a¢¢urncy ai any
lime the fittan¢ial posilion of the charitable eompany aNi ¥nabl¢ them io ¢n5ui¢ tha¢ ¢h¢ fiDaDGial 51ai¢ments comply wilh the Companies
ACL 2006. They are also responsible forsafeRuardin8 lh¢ Assets of th¢ ¢harithbl¢ ¢oThpany and henrt for takinK reasonable steps for the
prev¢nlion and d¢te¢tion of fraud and other irregularities.
Company R¢gistration Nwnb¢r.' 900502

DTA
RT
LfnvE C
In50far as tILe Executive Committee ar¢
there is no relevant audit informati*YL of whi¢h the rJJaritsbJe compw'5 auditors areaware" and
the trnstees have t8k¢n all st¢ps that thty wght to havc taken to make themselves aware ofany relevanl audit'inforniation and
to establish that the audikns arc awar£ of that information
Th¢ Executive Committee are iesponsible for the mainicnance and intwity of the¢orp￿atr and fin8nGial infonnation in¢ludtd on the
chawitable company's website. Le8i$lation th¢ Unii¢d Kill8dom gov¢rningthc FK¢pawation and di5se4nLnation of fJnattGhil stNlm¢nts
may differ from le8i$lalion in other jurisdictiofys.
This r¢port has btett pr¢par¢d in ￿cordIn¢t with the provisions ofP*t IJ of the Cotnpanies Act 2006 relating to small companies.
of the E e￿￿1Ve Commirtee
COL D N LOWE OBE DL
Dat¢ 9 November 2022
Company Registration Number. 900502

rNDEPE
RTTO
TR
TEFS
BEyF￿LD TA
I report to the Gh￿lty ttU51ees on my examiDation of the accounts of th¢ CouJp8ny for the year euded 30 June 2022, whicb are set
put on pages 6 to 13.
R￿p￿sibIlItIeS and b•$ls of report
As the charity's tru5tee5 of the CompaDy (and also its directots fw the wryx)ses of company law) ￿ 8re responsible for the
preparation ofthe accounts iti attLYdaDce with the rwiÉrements of the Companies Act 2006 ('the 21￿>6 Act.).
Having satisfied myself that th¢ a¢coun15 of th¢ Company 8J¢ iequire4J to be auditrd under Part 16 of the 2006 Act and are
eligible for independent ¢xm)ination. I report in r¢5p¢u of my examin￿70￿ olyi)ur charity's accounts ￿ tarried out UtKl¢r section
145 of the CbaTilies Aci 2011 ('the 2011 Act'}. Tn canying oul my ¢yaMin￿10n I bave followed the D￿110￿9 giv¢n by th¢ Charity
Commi55ion under sectlOA 145{5} (b) of the 2011 Aa.
IndepettdeDt vjamiDer's report
I have completed my ex2tnlj￿lIOn. I confiTm th* oomatt¢n have come to rny attention IL connection with the exarnin&tion giving
me cause to believe..
a¢¢ounring iecords were not k¢pt in respect of the Company •5 requi￿dbY section 386 of th¢ 2006 Acl: or
2. the accounts do not accord with those rewds. or
3. the accounts do not ￿mPlY with the a¢￿￿￿11￿£ requiremeDts of se¢rion 396 of the 2006 Act other tban any requirement
thai Ihe accounts give a 'true and fair view, whith is not a matt¢r consideftd as part of an independent examination.. or
the accounts hav¢ llot been prepared im accordallce with the method5 and principles of the Sttttement of Recommended
Praclice for accounting and reportittg by ¢b￿lIt¢S lapp11￿ble to cbaritie5 preparing their accounts ID accordance wilh th¢
Fitiancial lieporting Standard applicabl¢ in th¢ UK and R¢publi¢ of treland (FRS 102)].
.1 have no concern5 ar￿ have com¢ a¢ross no othEr matters io cotm¢ciion with thE examimaiion to wbich attention should be drawn
itl this report in older to enable a proper urtderstanding ofthe accounts io be r￿hed.
Miehacl CoDk Bsc FCA
Acmole
Chartered A¢¢owilATJIS
Stafford Ho
Bl&ckbrook Park Av¢nu¢
Taunion
TAI 2PX
. 2(Y22
Conjpany Registration Nvmb¢r'. 900502

Nc
AND EXPENDITURE ACCOLfNT AND STATEMENT OF FtNANCIAL Acftv
30 JUNE 2022
2022
2021
Donations and grants
1t1vest￿tnts
Cbariiable activities
Other
1.1
17
243.749
225,562
438
TOTAL INCOME
244.866
226,009
EXPENDI
Charitable activities
222,144
244.852
TOTAL EXPENDI
222.144
244,832
NET INCONIEJ
ENDLT
FUND
IN Tfr￿ YEAR
AND
22.722
(18,843)
Total Funds Broughi Forward
1.796.928
1,815,771
Totsl Fund5 Carried Fonvard
14
1,819.650
1,796.928
All fuuds are unrestricted.
The not¢5 Qn pag¢s 8 to 13 form part of these fumneial statanents.

Company Regi5tratlOD Number..
900502
ABBEYFtEL
N DEFENDAMUS S
CIETY LEMITED
AT3
otes
2021
tXED ASSE
T2ncibl¢ A&set5
10
1.681,642
1.681.642
Debtors
Cash at bank aTJd ij) hand
6J62
143.771
3,929
120.602
150.133
126,531
CREDIT
Amounts falling du¢ within one year
12
12.125
11.245
SETS
I38.￿8
115,286
NETA
1.819.650
1,796,928
Gen¢ral FuDd
Redev¢lopment Fund
14
14
1.179,218
640.432
1,156.496
640.432
1.819,650
1.796,928
The company i5 entitled to ¢x¢mption from audit utyjer Se¢tion 477 of the Cornp/oi¢s Aci 2006 for ilje year ended 30 Jun¢ 2022.
The rnembers have not required the company to oknain an audit of its fuwicial 5taiements for the year ertded 30 June 2022 in
accordance with Seciion 476 of tho Companios 2(4)6.
.The membcr5 of the Executive Committee acknowledge their responsibilili¢s for.
a) ensuring ihat the Company k¢¢ps wjunting records wht¢h comply with Seetiimjs 386 and 387 of the
Companies Act 2006 and
b) w¢parin8 fman¢ial statem¢nis which give atrue and fair view of the Sta￿ of affairs of the company os at the
end of each f￿ancIal year and of its swplus w d¢fT¢it foreach fU￿n¢la1 ye* in accoTdancc with the
r¢quirement5 Of S¢ctions 394 aDd 393 and which otherwise comply with th¢ rcquirnents of the Compante5
Act 2006 relatin8 to f￿anCIal statements. so frdr as applicable to the tompany.
The fw8n¢ial statements h&v¢ b¢en prepared in ac¢oTdaDce with the wovisions of Part 15 of the Companie5 Act 21)06 relating to
small companies. The f￿an¢)￿l s¢al¢rn¢nts werc approved by the Executi￿ Committee on 9 November 2022 and $i￿¢d on its
b¢half by:_
K MCCARTHY
COL D N LOWE OBE DL
Cha
The notes on pages E to 13 fonn part of these fmancial sthtf4ne￿ts.

Company Registration Number.. 900502
ABBEYFIELD TA
FENDAMUS S
IMtTED
OTES TO THE F
NTtN
POLlCtES
The AbbeyfKld Taunton Defentjamus Society Limited pn)vides 5elf-contaiDed flats where residEnts are encouraged to
maitttain Iheir itsdependencr whi15t being 5UPPDrtedwith mea15, adminislTation and social activities. Lt is a company lunited
by guarantee, has llo share •)ithl aod is registered in FAgland and Wales. The registered office is Stdfford House,
Blackbrook Park Avenue, Tavnton. Soffjrrs6t TAI 2PX.
StatemeTrt f
lian
and basis of
The fu￿nCIal 5talemenls have b¢¢D prepared uod¢r the hisiorical ¢osi ¢onv¢ntion with iterns recogttised ai cost or transaction
value. The fthancial statements hav¢ a150 be¢n pr¢paJed in accordance with Accounling and Reporting by Cbarili¢5'.
St8teTneTrt of Recomrnended Practict applicable io charifies preparing their accounts iti accordance with the Financial
Reportillg Stalldard applicable in the UKwTrd R¢publi¢ of IrtlaDd IFRS 102) (Issu￿ October 2019)-(Chariii¢s SORP (FRS
102)). tbe Fitiancial Reporting Standard atvlicabl¢ in the United Kingdom and Republic of b¢lalld (FRS 102) and the
Co￿PanIcS Act 2006.
The AbWfield Taunton Defandamu5 Soci¢ty Limited rneets the def]nition of a wblic entity wider FRSIO2.
The Executive Cotomitt¢¢ consid¢r ihat ¢bwe aff llo mtiterial uncertai￿1¢$ ab)ui ibe charity's ability to conttnut as a Boing
Concern and are of the opinion that the accounts should be P￿a￿j ￿ this imsis.
dAcc
Unrestrlc￿d funds are availabl¢ for ￿¢ ai ib¢ dis￿£$10￿ of the Executive CoEnmitt¢¢ in furth¢TanrK of tbe general objectives
of the chgJitabl¢ company.
De5iEnal¢d funds are unresrricted fvnds eaTDJarked by the Ex¢cutiv¢ CoD)mitt¢¢ forp8rti¢ular purposes.
All ￿cOM¢ is in¢lud¢d in th¢ statement of finaucial xtivities wbtn the charity 15 ¢ntitled to the income, it 13 Probable that
the income will be received and the amoullt can be reliably. The ftsllowiDg specifi¢ polici¢s are applied to
particular categorio% of income..
Investment income i$ Includ￿ wlt¢n receivable.
Income from Charirable trading activities is accounted for when e4tDvAI. The ￿m￿nY is Th)t r¢gist¢reil for VAT.
The valu¢ of services provided by volunt¢us bas not l>e¢u in¢luded ib¢se a¢￿unts.
Gov¢Tntnc4]t grants that ar¢ T￿e1vabl¢ as compensation for expens¢s or losses already incurred or for (he purpose of
giving itithiediare f￿ancial Jupport to the entity with no fufure related costs arc reco￿]sed B5 Job retention Sth£m¢
income and are included within other income in the perkod in which it betomes receiYabl¢.
en
Expendi￿re 1$ ￿0￿1$ed on ao arxwab basis as a liability is incurred.
Charitable expenditur¢ comprhses those costs Inc￿[red by the elwity in the delivery of its activities and seryices for its
benefjciaries. It includes both ￿sts that can b¢ alloGated direcdy to such activities and those ¢0s15 of indirect nawre
necessary to support them.
All costs are alloGatEd betweetl the eX￿dIlure ¢al¢gori¢s of the Statement of Finamcial Activities on a basis designed to
reflect the use of the resourte. Costs relating to a Parti￿lar activity allocated directly,. others are apportioned on an
appropriaie basi$ if appli￿1¢.

CornpaDy Kegistration Number.. 900502
TA
NDEF
S￿lEry LIMI
NOTES TO IHE
IAL STA
LI
Tan
le fix
355tts
T8ngible f￿<d ass¢ts initially rerKJgnised at C05t
No provbsion for d¢prKiaiion of fre¢hold properties is included in the [ma￿la1 statements ixcws¢ in lh¢ opinion of the
Exttulive Conllrnittee the depreciation charge attd ￿Y accurnulate￿ depreciation would be inunaterial. The residual value
of The property at the end of its useful fxonomic lile to the Charity is likely to be signifi¢aDtly abov¢ the pr¢s¢nt unying
value given the Gharitys policy andpractirx ofTegular mainMan¢¢ and repair.
Expendit￿¢ on major it¢Thsof equipmeDtatNorthfie1dCourthasbe¢￿ witslised aod is bett￿￿T1￿CA off ￿ 15% per annum
astraight line basis.
Other expendin]re on fijmitureand equiwentwithin the tharity'5 bom¢ is WTittgn off in the year inwhich the cosi is in¢u￿£d
Is it 15 subjeci lo considerabh wear and trar 8th1 1$ bein8 continually TepiaceAI and reJ)ewed.
As t rc8l$tcred charity, the company is exthDpt frorn tax 8nd gains to th¢ ¢xt¢ni that ihese are applied to ils
tharitable objects.
aneial
en
All of the Charity's fu)ancig1 assets and liabilities qualify a5 basic fman¢ial instn￿ents. Bjsic fuwicial instsimiellts are
initially recogDised at transa¢tion v&lu¢ and subsrwently measured at the￿ s¢tt]em¢nt valu¢.
Critica
esttmates
The preparation of th¢ f￿ancial star¢ments requir¢s the Executive Cotnmittee to make judg¢ments, ￿tIMat¢S and
surnptions that affeet the appliution of awtjnling policies and the am¢Junts rfcognised in th¢ fmoncial stat¢m¢nts. Th¢
EA¢cutive Cominittee are of the opinion that there weT¢ no estimaies 01 AssumptlOn5 that have a signific￿1 risk of causing
materia] adjustrrtenr to the caryin8 amount o(assets and liabilities within th¢ next fmancial year.
AND
RAN
22
Donations
Grants
800
300
RESIt)ENT ' LETTfNGS
This represents Ihe amounts ￿Ceivable by the tharity frorn rtsidents for a¢wDunodarion in the home mainiain¢d by the
charity-
2022
202
Gross residen¢s' lettings
Le5s.' Vacancies
249,852
(6, 103)
243.290
(17.728)
243.749
225,562

Compatty Registration Numb¢r. 9￿502
10
THEABB
FINANC
ENDED 30
2022
UNITSIBEDSP
2022
2021
Under mana8cmtiit ai the end of the year
16
16
THER NCOME
2022
021
Coronaviru5 Job R¢t¢DrioD Scheme 8rartts
438
438
CHA
22
Provisions
Staff costs
Repairs atKi renewals
Council t
Water
17.998
123,330
17.756
12.156
2.733
5,506
17.947
515
5.159
4,966
4.997
3,647
392
2,744
2.298
17,517
I2S.118
38,492
10.536
3.340
5.324
15,30D
1,603
5,121
6.068
4.151
4,399
394
2,455
5.027
5vrnnce
Electricity and gas
Gardening
Al)bEyfield Society membership fee
Indep¢nd¢nt Examinwion and accountaft
Sundry exp¢nses
Telephone
Bank ¢barges
Adverti$iE]g
Legal and professional fe¢s
HN(RC interest
222.144
244.852

CompaDy Registration Numb¢r'. 900502
BBE
AMUS
STA
20
Net iticome1{exp¢th1tft￿c) for the year is alltt
ch￿gIng.
llldep¢ndelli Examiner's fe¢
Accouniancy service5- Payroll
A¢cow113n￿ ￿￿t£¢$- Sollwar¢ support
3.126
1,840
2,298
3,084
2.264
STAFF
AND
ER
Stsff costs w¢r¢ as follows-.
Wages and salari¢$
Social security cosrs
Pension cos
117.992
3.341
1,997
121.473
1.948
1.697
123.330
125.118
Th¢ av¢rage numb¢r of ¢mploy¢¢s duringthe Y￿ w85 as follows:_
2022
NuTnb¢r
2021
NuThber
Staff
10
During the year Wtlemenl paymenls of £Nil Were m&d¢12021: £8.000).
No employee Ilad ¢Tnolutuents above £60.£￿ in the Ll￿Or the previous year.
Th¢ ¢harity Mnsiders its k¢y management pers(￿1¢] io comptise the Executive Cornmittee and the H¢)we Marlagtr. Total
remllneration of k¢y managemeni personnel in th¢ yw waj £25.568 (2021- £30,813).
TRUSTEE RE
PARTY TRANSACTIONS
No members of the Execwive Commitre¢ received reADullerdtion the curreni or the previou5 year.
No members of tb¢ Ex￿Ul1¥¢ Committe¢ wer¢ r¢imbuTsed expenses in re5PE£t of Tr￿￿te< duties during the cutrent or the
previou5 year.
No memb¢r of the Ex¢eutiv¢ Committe¢ or oth¢r puson relattd to the thatity had any personal interc5t in any contract or
tratw(ion entered into by the ¢harity th￿ing the cuwl or the previous year.

Company Registration Number.. 900502
12
THE ABB
TA
TO IHE FINAN
TATE
10
E AssErs
Buildin
hfi¢ld F
Tot
At l July 2021 and 30 June 2tr22
1.681.642
16.457
.698,099
reciaiion
At l July 2021 and 30 June 2022
16,45?
16,457
Nct Bo
k Value
At l July 2021 and 30 June 2022
1,681.642
1.681.642
DEB
2022
20
PrepaytDenls
6,362
5.929
12
£&B￿[Q&S- Amounts fallin8 due within on¢ y¢ar
21
Other creditQTS
11125
11.245

Cornpony Registration Number.. 900502 -
13
ABBE
N DEFEND
LIMI
13
G¢nerdl
Fund
Red¢v¢lopmeTht
Fwjd
Total
Funds
Tangible r￿ed 25set5
Current ￿ets
c￿￿ent liabilities
1.041210
150,133
(12.125)
640,432 1,6SI,642
150,133
(12.125}
1.179218
640,432
1,819,650
14
MENT JN
At l July
2021
AI 30 Jlltte
2022
ExPe￿I￿￿e
Unresrrricted Funds
G¢neral Fund
Redevelopment Fund
1.156.496
640.432
244.866
222,144
.179,218
640,432
1.796.928
244.866
222.144
1.819.650
PURP
SE
F FUNDS
R¢dev¢lo
ment Rexerve F d.
Thi5 fut￿ is a designated fund of the charity and h&8 arisen from Fwuests made to the charity. When Woodsto¢k House was
sold the fiulds 8enerated by the sale weTe tran5feryed to thi$ r¢s¢rve.