THE ABBEYFIELD TAUN ON DEFENDAMUS S IETY LI AUDITED FINAN IAL STA MEN YEAR ENDED OJUNE2 24 Company Infonnation Report of the Exec￿l¥c Committee Independent Examiner's Report Incom¢ and ExpendiDJre Awyunt and Statemenl of Financial Aciiviti¢s Balatjce Shttt 8- 13 Notes ￿ the Financia] St￿ernents Company Registrdtion Number.. 900502 Registered Charity Number: 253429 Company Registrntion NLmJlKT'. 9(KJ502 THE FIELD TA ON DEFEN LIMITE MPANY IN ATION XEC Iv OMMI Choimian Ire5igt*d 30 Novuntxr 20231 A Whyte R Hwri5 D Allwrig C Weeks G Cumming K Bud(kn Ccox C Knee Foot H Simon {tesEE[￿ 30 November 2023) (appDint¢d 30November 2023) laprM)inied 30 Nov¢mter 2023) lapp)inted 30 Nov¢mE¢r 20231 {aptM>inied 30 Novemixr 20231 (apw>imed 30 NovetntrfT 20231 (04y)inted 30 Novem￿[ 2023) ISTERE FI MaTfvrie Boker Fk1￿%e Vi&grage Stteet Colyti tkvort EX24 6tJ DEPENDENT MtNER.. ichael CAM)k Bsc FCA A C Mole LLP Sthfford Howe BlackbrLK>k PaTk Avenue Taunton Some TAA 2PX NKE Royal Bank of Scotland plc 36 Si Andrew S(p]atE Edinbwgh Seoiland EH2 2YB CA)mpany RegistratM)n Nutnkr.. ￿502 THE EYFJELD TA DEFENDA IErY LIMITED REPORT EXECUIIVE rrEE IIK M¢m￿r$ of ExKulive Committee tknr Rqffi *Jd the fingrKia] swements of th¢ $￿iety for ¢he ye4t ended 30 Jun¢ 2024. CHAIRMAN. PORT The 5eetningly inevitable utteertkittty rn th¢ wDrld or&r kn wntinwd ￿ influEnc¢ th¢ L￿nsidcr8tlo￿S of th¢ Society over the last year. bui the main focus has F*¢n ort fulfilling tk wishes of former Chwrnian David {de￿ased) in managing the merger of Abbeyfield Taunion Ikfertdatnus Society the AbFryfi¢ld (Eaa Devon) Soci¢ty. which t￿)k plar4 on 30 Novembcr 2023. at which point ail and liabilities of the Society were transfertd to Abtrtyfi¢ld FA%( Devon. 11 is ththEfore m05t encowagin8 to re￿rt thatat the rime oftratLrf¢r the &Kiety had seen 8 Friod in whith occupanry rates had F*en high expendimre geJknJty had in lit* with exFtclaiions and asm3Jl surylus trn￿ferr¢d. I inust record my thanks to the Hou5¢ Managei. Cwrie and her stsff tram and ow volunteer5 w4K> have once again WOTk¢d tirelessly to keep residents safe and fed wjd coniinued 10 think outsiLk ofthe Ix>x in Securing grnni fimding 3nd SUPF¥>rting activities of direcl b¢nefii kn the House wmmuniiy. Comtnwiity Engagemeni has b¢corne an esublished pan of life ai NorthfKld CourL including opportunili¢s for Students from lornl schools 10 Catryow work extxri¢n¢e in th¢ Flous¢ and also ihee5tabli5h¢d Community Lunth Club. Boih these activities re5uli in wideT COtnmuDiry aw8ret*S5 of Northfield Court and Abb¢)field more generally. We ￿Te al￿ grateful to the Inner Whcel Club of T¥unb)n w]Kp have Wnt1n￿J ty provKk help in th¢ gardcn. Tlw all deserve SFttial thanks foT their joy￿ty and und¢TStanding thJrin8 a peri(KJ of substartiiai chang¢ kwJin8 UP to the merg¢r. Finally. I musl r¢coTd my sincere thanks ￿ my fellow Trus¢cs for the￿ Surn￿ and to our ACt4)untan￿ A C Mole LLP. whts have SUPFOrtcd Taunton Defendamus for many ye G DOCUMENT Th¢ Society is a charity Co[￿ltyJtrd &$ a tompany lirDitrd byguarantee. iThWTFmtrd ott 10 1967 and tegisterrd as a charity on 16 August 1967. The company w&$ estsbli5hed uTrJera Memorandum of ASs￿l3t10n which tstablished th¢ objects and ￿￿¢[5 of the charirgble cortjpany atKi is gover1￿d u]]der its Articles of ASsoC￿l￿n. In the event of & CoM￿nY beitig wound up members a required lo Contri￿re an amount Jjot ¢xc¢edin8 £1 each. RBCR AND APPOI OF NEW TK The dir¢ctors of the company ar¢ ajso eharity trustees for Ik ptstEx)* of tharity law and under the c4)rnpany's Arti¢le5 aTC knomm a5 members of the Ex¢cuiiNe Committee. During the year an agr¢¢m¢ni w&$ made io try¢r￿ wilh Abwfjeld (F￿ Ikvottl Society Ltd where all 8s5els and liabililies were ¢rdnsferred to them. of this agr¢¢menL trustee5 frotn Abb¢yfJeld IE8st Devon Society Lid Were apwiinted to the F.xecthive Committee of The Atthyfield (roun￿nI Defendamus Swiety Limited. New iruste¢5 aTe briefedon their l¢gal obli8aiiOllS U[￿er ¢harity and ¢otnpany law. the Cotthenl of ttK Memorartdum and Articles of Assoriatior4 the commiltee and decisjort making processes and Tecent perfomiance of the ¢haTity. Trustees are ¢rKouTaged 10 attend apprL)pri&te extern￿ training events whcre these will facilit*¢ the undtrtaking of their rok. ORGANISATIONAL STRUCT ThE Society is affJlia*d to the Ab￿yr1eId S(Ki¢ty. a￿j is controlled by an Executiv¢ Commillee who m¢¢t r¢gularly and aTe responsibl¢ for ihe siraie8i¢ dire¢tion and policy of tk charity. Ai rKesent the Execuiive Cotnmilt¢¢ has nine mernber5 from a variety of prOf¢ssion￿ background5 Televani 10 the workof the chatity. All wmmillce members are unpaid volunteer5. Further valuable help is given by other volunteers who, un¢kr the collective n￿￿¢ ofFriends of Abbeyfield. wovid¢ suprM)rt kn residetLts. SK MANAGEMENT The major risk5 to whi¢h the Society is exFose¢ a5 identif*d by fv Trustre& have k¢n r¢vi¢wed and systwns have F*enestsblish2d mitigate those risks. Company R¢giMTaiion Number: 9LX)502 E ABBEY D TAuKr E￿DAMu SOCIEfY LIMITED RTOFTH XECUllVE MMITfEE JEcfivES AND VITIE5 The Society's obj¢¢iivc alld prmctpaj a¢ttvtty is io pro￿de aDd housin8 for the elderly In a¢totdaTrce with th¢ aims and pr￿CipleS of th¢ Ab￿YrIC1d Society Limited. This obje¢tsv¢ is acbieved by th¢ prDYi5ioll 9ttd m4na8etDent of a house in Tawiton kll0￿￿ as Northfield Court. IE isth¢obj¢dive ofthc Ex¢¢utLVECornmitte¢¢*¢h yearto m&Yimistthe publicbentfil provided by the SD¢iely in providin8 high quality $UPKK)rt, ha￿ll8 regard 10 the extent of th¢ Sow's ￿cOM¢ and T£Se￿¢& th¢ (y)51 of faclliti¢s and the ability of re$idtllts to m8kt payille￿ts from theirown rr50urces. NorthfiEld Courtprovides seven one P*￿rned and l*diDThned s¢if-¢ontsl￿ fknts *)d ¢4n acc4)mmod81¢ up fifteen people. Residents we encouta8ed to mai]btaill their iod¢Kxlldcnce whd5t b¢in8 SUp￿rte{l with tDe4ls. administration and activities A hO￿tkeeper is ￿ &ttendan¢t aDd rnuch volulltsry 5UPP)rt iswvcn by a wmle ¢fOSS&*dionof th¢10¢81 ¢ommunity. Entry i50pento all, subj¢ to sal￿faCtory health requir¢m¢nts, with th8rg¢s Sct at afford8bl¢ l¢v¢ls. Re5ideDts rtc¢ipt of hollsth8 Otother 5tst¢ b¢n¢fits are Accetyed. Charges are revi¢wed anllually and kept as low &s Co￿$1￿c￿ prudenL When r¢viewth8 the tharity's aim5 and objectiv¢s and plannin8 its acti￿tieS the twsie¢s I￿Ve had du¢ rewd to the Choriiy ConJmi55iOn'Y public benefit 8uidarJ¢e. induding its8uth¢x on f¢¢ ¢harBiD& FINAN L REVIEW Net r¢nial income has f￿len due to the shorteT I￿￿d of ts8din8. All and liabiliiies transferred tts Abbeyfield IE851 Devon) Socidy Lid on 30 Nov¢mb¢T 2023. Thuq is $k¥Jw]J &% a the Statem¢Jbi of FiDanciat A¢tivilics. Ther¢ L% a net deficit for th¢ year of £l.848.42112W23". Surplus £28,771). ERV POLI Priorto the trthsf¢r, Te5erYe5w¢r¢ needcdto cov¢ranythcline WLottupanGy leve15andunweoedem¢tg¢nry tYpAir50ndotherexpenditllre. AI 30 Novejnbei 2023. all re$tTVeS wer¢ tyansfctred Lo Abb¢yfKld Ikvonl kniety Ud. PONSIBI OFTHEEX The m¢nibets of the Ex¢trJlive CommiÉtrt (who are atsts ditvclot3 ofTh¢ AbbeYf￿ld TA￿￿1￿n DefrndQM￿ Society LLmitrd for Ihc PUTPOSeS of company llwl are respon5JThle for prtpaJillg the Reportof thE EXe￿lIv¢ Cfjmminee lin¢orporaling the dir¢cior5' rep)rtl and the financi￿ statetn¢ni$ in acc4th¢¢ with applicabl¢ Iw United Krn8th>m Accouttiujg StsndBrds. Inrluding Financi￿ REPOrtinB StBndgrd 102.. The F￿an¢1￿ Reportlll8 St8nd•Td applicabl¢ th the UK aDd Republic of Ireland (ullit￿ Ktngdom Genetally A¢¢¢pied A¢¢ounling Pracii¢¢). Company law rcquirES the Fx¢t3Jttve CotDmiitt¢ 10 prepare fin￿¢￿ statements rach financi￿ year which 8iv¢ a true and fa￿ vi¢w of Ihe Slatc ofaffairs of the chantable wmpany and ofthe incoThe and ¢ynditure. of th¢ i*atiiable company for thot year. lrt pr¢p8Ting these rinanci8] sia*ment5. the Ex¢cutiv¢ Commine¢ 3JC Tequir¢d (o". s¢l¢¢t suiiable &o¢i)Wllin8 p)licics then apply tsm ¢rn5i*ntty: obseTh¢ the methods •nd principles in th¢ Chanties SORP,. make judgments and accouThiin8 eStllYLaLes th*1 *e Tcawnabl¢ atyj ￿Uden( siatewhether2pp1iubleuKAwouthti￿￿Sta￿lS[d$hW¢bCcn foUo*td.subFdto*Jy tnate¥ial d¢patDJrtsdisd(b5ed andexplained u) th¢ financia] st&tem¢iit5, and prepar¢ the finaDcia] swements on th¢going CODLYrn basis li ￿ inawTupri&* to prtthme thotth¢ Ch￿l1&ble c4)rnpany will ntLDue In business. The Executive Commiiiec are resp)*sible formaintsini￿￿ properartouthting records wthich disclos¢ with ryasonabk a¢curacy at any time the fioan¢iaJ posit￿1) ofthE charitabl¢ ¢ompany aDd ¢nabl¢ them to ¢osuwr thai the fwanEial staiernettts ¢otnply with the Companies A 2006. Th¢y ￿s0 resp)nsible for safegugrding the a&sets ofthe charitable and h¢nce for tthnR re￿nable steps for the pr¢v¢niion and dcts¢tioTh of fraud and other irr¢8ulxibes. Company R¢gi5trationNumber.' 900502 THE ABBEYFIELD TAirKr DEFENDA S SOCIETY IMITED REPORT VE COMMI In50far •8 the EXC¢￿ive Committtc are aw8r¢.'- thrre ￿ no rel¢vani audit infonn￿l0￿ of wbiL* th¢ dwitable company'$ audiEI)rs ar¢ Iitiawatr." and th¢ trustees hAv¢ au SEeP$ th•1 thty ouBbt w h•vt taken ￿ tr*ake th*￿￿[we5 aw8r¢ ofany relevAni audit inforTnation and 10 ¢stsbli$h that the Budiiof5 are awa[¢ of infonDation ThE EX￿utive Commlttre are rosp)nsibl¢ for the and irlwity ofthe c4)rpor8tr and firLaDCia] inf0T￿lI70￿ included on the thBrit8bl¢ tompany's wrbsiic. Lcgislation in th¢ UniEcd Kin8dom governingth¢prcpration ￿)d di&semiDatEon of financial 5t&tern¢ots may diff¢r from I¢Bi51auon in othei jurisdictions. This Teport has prePp￿d ￿ accordan¢e Aryth the wo¥is1o￿ of Part 15 of the CornpaThi¢s Aa 21M)6 relatiQ8 to 5tDall co]np8ni¢s. bchalfof the Executive Committee CDRE D LEWIS Date 2810312025 CompBny Registration Number.. 900502 BEYF TAUNr EFENDA sso LIMIT DEP R'S RE TO ET USIEES THE AB YFIELD T OND DAMU IFrYL the Com I rewrt to the tharty trustees on my exaMinat￿n of of the Co]JJpHny fortheyear ¢nded 30 Jutr 2024. which Ère s¢t out on pages 6 10 13. Res￿)nsIbilItieS ind kn¥i¥ of ￿ptsrt As th¢ chwity's trust¢es of the Company (and a150 its diteLtiw5 for the purp)s¢s of ¢ompBJJy lawl you Hr¢ r¢5ponsible for th¢ pr¢paraiion of accounts in ￿Cordantr with the requirem¢nts of the Companies Act 2W61,￿￿ 20￿$ Aa'l. Having 5at15fJ¢d myself thai the accountsof the Cotnpfiny are rK)I requir¢d xudrt¢d uth Part 16of the 21M>6Ad aryj are eli8iblB FOT indep¢ndcnt examirL41ion. I rew>rt ID respect of my wmutstion of yourthaTity'5 accounts a5 caryi¢d out under s¢thion 145 of the Charities Act 2011 I'ihe 2011 Aa'l. In carrying out my examinatioth I have follomtd the Dir¢ctiotts given by the Charity Cotnmission under 5ertion 145(5} Ibl of the 201 l ACL lthdcpEndent tx*miner's I hav¢ completed my examillati￿ l confth￿ that w mattetsh&v¢ wmeto my atlention fft LX)nrKdion withtlK examination 8iving me cause 10 beI￿v¢.. accounting rttord5 wwe noi kept in r¢S￿l0r thc Company w5 Tequired by Section 386 of th¢ 21Mkn Aci or 2. th¢ ac¢ounts do nor accoTd with those records.. or 3. th¢ accounts do notcomply with ikt accounling requirements of ￿alon 396 of ￿ 2(K)6 ActothtT than any requirement that rhe a￿ounts give a'lrue aNJ fair vi¢w' whtth is t￿l a maueT tonsidered &% wt of an inde[￿ndent exaMi[￿lI0n. OT th¢ accounts hav¢ not prepard iti a¢￿[dance ￿th ￿ llifflh￿ts winciplcs of th¢ S¢atettient of R¢commetkled Practic¢ for a¢counting and re￿)rtIng by charities lapplicabje lo chariiics preparing their accounts in *¢ordaDc¢ with the Fin￿¢181 RetM>rting Standard applicable in the UK arnl Republic of Ireland IFRS 10211. I have no wncems and have come acn)ss no otkn in wÈth examinabon to which a(tention should be drawn in this r¢wrt in order to enabk a proF¢r utknding ofthe ¥￿un￿ to be r¢aclx Michael Cook Bsc FCA AC Mol¢ LLP Chanered Acwuntallts Stafford House Blackbr(M>k Park Avenu¢ Taunton TAI 2PX . 2025 Cotnpfjny Regi5trBLion Numt*r.' 900502 E ABBEYFIE TAUNTON EFENDA S SOCIETY LIMITED COME AND EXPENDI RE ACC AND ST TEMENT FINANCIAL AcfiviTIES ED E 2024 TCIED 2024 2023 Donation5 and grants Investments Charitabl¢ acliviiies 475 329 118.841 475 329 118.841 190 7,074 378 260.264 Oiher 119,835 267716 xp ChaTitxbl¢ activities Transfer lo Abbeyfield (E Devon) Society Ltd 105.471 109.080 238,945 1.859.176 ,859.176 AL EXPENDI 1.968 256 258 945 NET EXPENDITURE AND MOV NTINF THE YEAR NCOME IN {1,844.8121 {3,01￿) {1.848,421) 28.771 NCILIA OF Total Fund5 Brought Fonvard 421 1 819650 Total Fund5 Carried ForwYTd 14 The notes on pages 8 10 13 fomi part of these fthancial sth*mthts. Company Registration Numkr.. 900502 THE ABB ELDT NDEF LIMIT CES T30JUNE 2024 2023 FIXED Tangible &15ets io 1,681,642 T ASSE Debtors Cash at bank and in 6.941 168.948 175,889 DITORS Amounts fallujg due withiti on¢ year 12 9.110 ET NT ASSE 166,779 NET ASSETS .848.421 RESTRicfE FUNDS Gencral Fund Redevelopmertt Fur 14 14 1,204,380 640.432 REST]ucfED FifNDS SCL Fwniture Gr￿1 14 OTAL CHA TY FUNDS 1.848,421 The company i5 ¢ntiikd to exemption from w]dit UL¥Jer Sedion 477 of ttr ComtAniES Act 2￿￿ foT th¢ en&xl 30 Jun¢ 2024. The memlkn knv¢ noi reqUi￿d the company to obiaiti an awjtt of its fuwjciai statctnents for the y¢ar ended 30 Jun¢ 2024 llj acc4)rdanc¢ with Section 476 of the Cornp￿leS Act 2{￿￿. The membtts of the Ex¢¢uiive Commitiee acknowledge (kif wnsibilities for.. al ensuring ihai the company krys a￿)unting rec(wds which tomply with Se£ti¢)ns 386 aJKi 387 of the Companie5 Aci 2006 atLd b) pr¢paring finan¢iai ststements which Bive a tru¢aTrJ fatrvrwof the 5ts* of affaits of the wmpany &s at the ejjd of each financial year and of IL8 surplus OT defi¢ii for ¢ath fitwjcial year itt &o)rdance with th¢ requirements of Sections 394 and 395 and which othEnvis¢ comply with wuir¢m¢nts of the Companies Act 2006 reltiting to fin3n¢Éal sthtrmen￿ so far &$ 4ylicab]e to the comrAny. The fsnancial siaiements havc ken prepared in acwrdance with FrfOViSiOllS of Part 15 of the Companies Act 2(MhS re1￿IllE to sma]I companies. The financi￿ weTe apFfo¥ed by the Executive Commiitecon 28 MaTch 2025 and Signed on its bEhaif by:. C WEEKS CDRE D LEWts The notes on pages 8 ￿ 13 fomi part of these ftrwic¥aJ 5tatrmettts. Company RcgLSt]xtion Number.. 900502 ABBEY LDTA ON DEFENDAMUS SOCIEfY LIMITED OIES TO E FINAN STAIEMEMrs ENDE E 2024 ACC GPO The Abteyfield Taunii)n Defrndamus Soriety Limited provi¢ks self-¢ontsirKd fiats wher¢ T￿idellts are encouraged 10 maintain th¢ir inde￿ndenCe whilst king sup￿rted with me￿& thiniswion and Soc￿1 aciivities. It is a company litnited by guarantee and a regis*tEd charity. h&$ no shar¢ capital and is r¢gisiettd in Engl?￿d atKI W￿¢S. The tE8￿tered offi£% is Stsfford House. Blackbrc4)k ParkAvenuG Tatst*O]4 Some￿1 TAI 2PX. ni of c LY and The firvdnCi81 siaietnents Itave teen pr¢pared under th¢ histhrica] c05t convention with i*ms reÉognised ￿ COSI or trar￿CtiOn valu¢. The fi[k￿claI sts*meJ]ts have aiwiw PT¢pared ac£ordanc¢wtih Accounting and Rewrting by Chariti¢s.' St&iement of Recommended Practice app]ityabk (o charities w¢paringtheiraccounts in ￿1rda1￿c with the binancial Re￿rtIng Standard applicable in the UK and Republic of IJeland IFRS 1021 (1&%￿1 octo1￿r 20191- (Chatities SORP IFRS 102)), the Financi Reporting Slandard applicable in the Unitrd Kin8thtn and Re￿blIC of Ire]and IFRS 102) attd the Compamies Act 20(kn. Th¢ Abttyf]eld Taunton Defandwnus So¢￿ty Lrmited me¢ts tk defmition of a public entty undu FRSIO2. As nokd in the Exxutiv¢ Cthitnitt¢e's re￿[¢ the Swiety merged with Abkyfied {E&%i tkwonl Society Ltd on JONovemter 2023 and transferred all as5¢ts and liabilities 10 Ab￿Yfje7d (Easi tkvonl Society Ltd on this date. Acwrdingly. the fjnancial statements have bEen prep￿1 on break-up ba51& Fund A Unrestricted funds are availabk for the discretitin of the Exte￿iVe Committe¢ in fi￿the￿te of ttK general objEdiv¢s of the charitable company. Designated funds are wue5trictrd futth earrnth￿ lry th¢ Ex¢¢ulive Commillee for pgrtKular PUTfo5¢5. Restricted fund5 are tkns¢ donated for use in a pwrtscular area or for s1￿c]riC wrwse4 the use of which 15 rewi￿ed 10 thAt area or purpw. All income included in th¢ statemethl of financial actsvits.es th¢ charity is eThtitl¢d (o the iru)me, 11 is probable thai the inco]n¢ will t¢ ￿ceived at￿ the a￿0￿[ be mwuyt41 ￿liably. The followir4 S￿]riC ￿liCleS ar¢ apPl￿d ￿ PArticular tegories tsfincome.. Inv¢stment incom¢ is Inc]￿ed wkn retrivabk. Income from charitabk trading activitits is a¢¢ounted for when earned. lThe rA)Jnpany is tKIt T¢gi￿red foT VAT. The y￿U< of 5¢rvitts providcd by volunt¢¢rs h&$ ￿en included tn these accounts. Grants recOgni￿d whe]] chartty has cmiilemetht to th¢ funds and L7Trndition5 linked lo th¢ grants have bE¢n m¢L WheTe p¢rfornian¢e wnditlOll8 ate attached (o th¢ grani and ar¢ yet m¢4 ihe inctime is rewgni5ed ￿ a liability and in¢luded on the balatKe Sh￿ as thfe￿td ino)me to b2 r¢i¢w ndi re Expenditure 15 reco8Thised on an accrnab basisas a liability is iti¢utT¢41 c1￿￿table extxnditur¢ comprise5 ttKty5e costs by the chaTity in delivery of Lts activiiies and servic¢5 for its beneficiarie5. It includes toth Costs can be ￿10¢*¢ed direaly to such 8aiVilies and (hose ¢05ts of an indite¢i n4tur¢ nece￿ary to SkPFM)rn them. All coslsare alk>caled betsveen Iheexpendinjre categoriesof th¢ Stskmenl of Financi￿ Activities on abasis (tesigned 10 reflect the use of IIK re￿￿rte. Costs reltling lo a wticuiar aaivity are alloc4trd diteclly.. others are apwTrrtiona on an approptiate basi5 if appliLxbl¢. Company Reg￿￿tion Number.. 900502 THE BBEYFIE AuNfoN D FENDAMU OCIEfY LIMITED TES TO TH ANaAL AIEMEN YE ED30 024 TIN contin lure reco ition contitk Th¢ trarksf¢r th Abb¢yfield {FASt D¢vonl Society Tefle¢ts thB ￿￿V￿ent ofail assets and liabiliti￿ on 30 Novetntr¢T 2023. bein8 the dat¢ t￿ tr*Jsfer l¢gally compi¢td. Tangibl¢ fixed &*ts ar¢ iniiially mbgnised * co No provision for Ikpreci*ion of free￿id kYWie5 15 irK]u¢kd in th¢ financi8] 5tstements in the opiÈ)ion of th¢ Executive Cotnffjitiee the depreciaiion ¢harge arwj any a¢cum￿la￿j deptciation would ￿ iEnrllatrrial. The residual value of the property at ihe end of its ￿eful ecorK)mic life 10 th¢ charity is likely to Si￿lficant1Y at(Trve the present carryinE val given the charity5 pjltcy *]d practiccof regular maintenatKe ond repair. Ex￿nditUre on major iieths ofquirrt))ent at Northr￿id Court has beetk tapitslised and is b¢ing MTLllett off gt 15% w attrtutn on astraight line basis. Other expeThliture on fumilure Hndequipment within the charity's home i% written off it) theyuT in which cost is incwred as tt is subjea ￿ Considerable wearand w 8ttd i5 b¢ing continually replaced and rel￿W¢d. As ar¢gis*Ted chaTity. the￿MpanY isexemptfrom ￿Oni￿Com¢ and8ainstothc extentthatdrse are 8ppli¢d to itscharitable obje¢ts. Finart¢ial- me All of th¢chartty's financ￿1 assetsand lith.ljiiesq￿Jfy￿s b&si¢ i[Lfjtn￿ent& B&%ic ftswjcial instruments 8r¢ initiajly r¢¢ognistd at trgn5aaion Val￿ and ￿jb5t￿￿tfy measuttsl at their settlertwit value. riii¢al 2£co estim The preparation of the fitthncia] statements wuires the Exwuuve Committee 10 make judgements, e5tinJa*s and 8ssu]nption5 thmt the appliwion of &counting ￿[EcieS and the rtcognised in the fi[w￿la] S￿￿ment& The Ex¢¢utive Committee Hr¢ of the opinion Ihete estimate5 or assumption5 that have a significant risk of causing a mat¢rial adjustment to the C￿Ing atnounl of ￿ets atd liabilities within the rtexl fllLanci￿ y&¥. 2024 023 tk>naiions 475 947 6,127 All income frotll (kn1atiO￿5 and grants wtre wwe5tric(ed {2023.. ￿ri￿ed gwts £5.8771. 475 7,074 Company R¢giMratiort Number 9(X)502 io THE ABBEYFI TALwr EFEND socIErY LIMITED INANCIAL IEMEN YEAR ENfs' LE GS Thi5 ￿￿esertts theamountsreceivabl¢ by trdjarity from residents foraccomm(Mlation inthe knme ]JJainlwn¢d by thdjarity. 2024 2023 Gross re5id¢nts' lellinBs L¢ss.' vacancies Less". amounts writte]] off 119.335 14941 266,136 18,136) 2.264 118,841 260.264 DSP 2024 Un(kr mAnag¢rn¢nl at the end of the yeat RITABLE EXPENDITURE 2024 2023 Provision5 Staff Cosis {nots 71 Repairs artd renewa15 Counril I Water IL%urance El¢ctricity and Gardething Ab1￿yf￿1d Society ￿eM￿r$hIp fee Indesxndent Examin*ion ac(%wnt*]cy Sundry expenses Telephot Bank charges Advertising L¢gal and profession￿ fee5 HMRC tnt¢r¢si 10.741 58,SY>I 15.586 7.030 1.313 3.109 5,642 103 20,817 133.374 18.214 12,106 3.133 5,882 20.660 928 5215 4,752 6.248 4,431 427 1,492 1.250 16 {1.290} 4.5 416 1.397 162 340 630 109.080 238.945 All charitable activElie5 exFttLditUTe is unr¢5tricted exw £3.609 of r¢tdirs and Tenewa1512023.. £1.787 of le￿irS and renewab, £81 of gard¢ning. £138 ofpmvisions snd £262 of surytry expe[￿5) which are testria¢ ComFony RegiSt￿LI0￿ NumL%T'. 900502 THE AB YFIELD AuNfoN DEFENDAMUS SOCI LIMITE NO TO THE ANCJA STAIEMEKrs YEAR ED30 E 2024 TRAN AB FIELD ST DEV socI LID On 30 November 2023 the s￿lery merged with Ab￿YficId (Eu D¢vonl Society Ltd athd all a&￿ and liabiliiies of th¢ ¢haTity werE transfetted to Abtrwfield (kn I)evon) Society L￿. NET EXPENDITURE NCOME F IHE Net (&wtJditureYmcom¢ for they¢aT i5 afteT tlwginB'. 024 InderKndent Examiner's fee AuountstKy servitts- Payroll Accountancy seTViC¢S- Software suprA)rt Accouniartcy ￿r¥i¢¢$-COm￿nY sec￿tall8] 3.ols 1,485 450 180 2.796 1.956 968 282 STAF OSTS NUMB 024 Statycosis WeT¢ as follows'.- 2023 Wages atKi S￿￿leS Social ￿curity costs P¢iision c(Yats 56.614 1,314 973 127.963 3.233 2,178 s8.￿1 133,374 The av¢ra8e nthniKTof empby¢¢s during th¢year wa5 as folkn¥s.'- 20 Number Number Staff 10 No employee had e]noluments th)ve £60.(KK) in the currffjtor the pr¢vious year. The charity cfjnsid¢TS its key management perx>tuJel to Compri5¢ the Executive Comtnittee and th¢ House Manager. To retnuneraiion of key ma[￿eMent Frs)rIr￿l in the year was £15.50112023- £33.0541. RUSTEE MUN RELA DPAR IRAN ON No m¢mbers of the Executiv¢ Committee r¢c¢ived any remw￿￿tIOn duTing th