Chorty r•gl8trallon nurnr 254881 Company reglstr•tlon numb•1 00906197 (England and Walm) THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED LEGALAND ADMINISTRATNE INFORAIATION Trusto0• Mrs L Bird Dr J Vthit6 Mr S Patterson Mrs C paeT Mr S Bthll Ms Christinè Davi Ms M Asqurth IApw)inled 27April 2023) 8•¢r¢tary L 81rd Charlty numbér 254881 Company numb•r fA)906197 R•gl•t•r•d ¢)fflc• Abtéd Hou8• Galgate Bwnard Co tlhaM DL12 88L Ind•wndenl exomln¢r Mr John Yarr¥ FCA len Sykes Limrted 5 Hen Ch)$& South Chur¢h Enl¢ryl8e Park 'sIpAUcaTrj Co Durham DL14 6
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED CONTENTS Pago Trustees, report Ind¢p&ndent examir*s rewt Statement of financid activtlies Statement of finardal powti Noles lo I financial statements 7-16
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AIARCH 2024 The Iruslees, vfrKJ are also Ihe directors for the purposes of CpanY law, present thr annual rewrt and finan statements for the year ended 31 March 2024. The finanGial slements have In prepared In accorda£ with th6 &e4wnting prAIe3 set out in notè 1 to the financial Statements and compty with the Comp8nles Act 2006 -AOuntr.j and ReForting by Chartb'es.. Statsment of Recc¥nmondl Practsce apF4icable lo charikn.es preparirKJ thèir acrUnIS in accordance with the Finanaal Reporting Siandard applbcabl& in tt)e UK arml RepUl1C of Ir6larJ {FRS 102). leffeGtrve 1 January 20191. ObJ•ctlves and actlvltles Th¢ obJe¢tive of chanty is lo provld& houslng 8amard Ca8lle in xcordance wth the aims and prfrtlples oft bbeyfield SOC Llmttod to vthom tt is affiliated. Abbeyfield House was pur¢h4sed in 1968. This propety was extendèd In 1973 whèn the former surgery al the rear of the premises was acquired. 11 has beèn a prfonty to upgrade the htsjse lo Fyovth high qualty accommodation Ipthh meets the a8F¥ratKJns of the re8id&nls. The trustees have paSd due regard to guthrKe 188ued by CIKgty C(nmbs•ion in d8¢iding th actMtle8 the hanty should undertake. Achle¥•m•nts and p•rfomi4nc• Abbeyfield House experienced nom)o1 tsm ovw of foom$. Th• lop Aoor w4$ let a$ rth unit in July. the sm11•8t rcom on the first Iloor has consistently ken used for 9$1 stay8. An exi$ts'ng rtsi¢J•nt Ir•n$ferred flat on the gInd Iloorwith the subsequent vac4ncy let vAtr¥n ks. Therg h88 been a con818tent number of inqulries from potenttal tananl8. TnJ8te88 and mawerg CC(rtlnue to fo(x on marketiro ¥aCarleS and utili8e Abtwd England and our crn online marketing lo promote our offer ar vacancl68. The bungalow8 have remained at fvll ocojpancy thp)ughcKrt Ihe pwiod have nIdJ19d to the p(ttlv8 fln8nclal outturn at thg orKI of Ihe year. Plonned orKI day lo d8y m•int•nwK• the r•plwcem•nt of tho b.18r whth $UPF4i¢8 hoating to the lour annex flats. Over Ihe peri¢xl a slwJhUy hIgr number of reSpe repairs due to vmr and tew were ¢arried out at toth Abb8yn8ld Houw and th8 Bart9 bungalows. A health and safety upgrade was c4rrled out follcfiMrrfJ a heanh arY safety Inspeth antt a sub88qu8nt flre ¥af•ty In8Feclion identified only min¢y ath"eAB to meot currant requirements. The 80ciety generally ha8 khv aff tumover. Htrhever in the 2023r24 due lo staff r•b'r•mgrt and staff workload allocation a new housekeeper and hou8e 888iStant were 8pp)inl8d. In addib'on, the manager l¢)ok a four month career break", the deputy manager t¢)k on duts'es duriTrJ this period. Stgff costs were 51% of incomè. We continue to receNe 8UPFQrt through the AbbeYrd Connect pts1 army the online trw'nirg hub. Staff and tru8lee8 have accessed a range of courses at mcth81 c081. Staff have been ats to COmete mandatory cowses orAine and t th8m around Iholr I1rk schadul8S. Th& wdfare of cw residents arKI staff r4 ahvays a wority. CelebraticTh and events have taken pthe thrwhout Ihe year, including sue$Sfvl Family aTrJ Frienits bLfflel lunches at Christrnas and Easter. Resldents and thr famil have expressed that they feel safe and Sere and thal ts"r weltsre comes first. We scesSfullY r8cNit8d pol8nbally Iwo nvw trustees vtho will strengthen Ihe bring hum rowur¢a8 and legal exp8Tb'5e. They have initkrylly teen ccted. stKYty to bEcome trusiees. In Wl V•t Signed the final affiliation 4mment wlth the Abbeyfiehj ETrJlarKI SCW. thus confirniing our eonllnued commiimenl lo mainIng affiliated. Face to face meetlngs othw bcal Atw Swigti'g$ have commenced enabliNJ us to share good pract. Our priorities rema tho prc¥notion of the ti0ft ol vacant room8. Ihe r8crulment of new trtee$ and volunteers.
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fln•nGial r•vl•w Full accounts aro attached to th18 reFQrt AS detsiled in the Statement of Final Act6$, the surF4us ts Ihe yoar amounted to £31.103 (2023.. £6,150). No re8trlcted lund8 were re¥•d during the yew. The b318nce of rtriCe fund$ rem8wis al £5.525. whlch Is lo be u8ed toward$ the creation of a sensory gann for th¢ •njoymont of our resldèn Unrestricted fiJnds affj n8èded: al to cover administration and sUPWrt costs wlhcMJl which the charty could not ftJnctDn and: bl to provide funds which can be designated to spectfic proj'ects to enable Ih88e prq'ects to be urKlertaken al short nolce. Free reeerves are unre8tri¢tod fwmjs rnt hÉld as fthxtI fixed assets. The 8nm8 to keep free re8erve8 01 at least six months. running costs, whkh equato to rougNy £80,000. This would ¢>)ver any gaps in ¢xEuponcy or unforeseen co8ts, ShId any of IM properties requlre urgent repair work. Th& charity had fm r68erves ol £129,717 al 3181 Mwch 2024 {2023.. £113.9251. Swplus fuThJs will bg u3ed to imFwve thè 18elllb'e8 for our re81d8nts. Pl•n• for futur• p•rfod¥ al to conttnue to pro¥ide hou¥ng in 8amard Caslle in Kcordance tho aims of the Atl)e81d SIxi8ty Ltd. bl to woth towardB full OCPan¢y. c} to contsnue improvements to Abboyfidd Hous• 1¢ en8ur• that il m••ts the currwft 8NI firture needs of our residents. d) to effeth'vety Invest WKI ut18• wr remaining fvnds to our Pr1 for ¢Yder pecyle In 8•rnard Casue. I to devel¢Jp the 98rden. courwd Spa arKI th• ¢Yd cathde ollte buil(Ing our rewdents lo anloy. 8tW¢rn. governanco •nd mana9•m•nl The Company was incorporat&J on 161h Moy 1987 for the provis1 and mana9emenl of houslng, accommoJation or assistsnce, irK4uding wovK1iTrJ and maintaining or assisting in providing and mainlaining houses and IK)meB. for the Tgligf aTrJ carè of elderty persons suTherin9 frC the disabilth'es of old age or othww.se belng In need. 11 is a Cornpany Lirnbted by Guarantee ?j Th)t I[n9 a Share Capt as sol CArt In the CompanAct 2006. The Soc4ety ts man8g8d by it8 trustee$ ¥tho assistwJ by a manager, depLty m•ngger. trrte IK)u8ekeepèr8. h¢)use assistant. a handyman and tK)us¢ volunteers. Thg trust883 and stsff ensure that risks are monitlxed 8ThJ a8se8s8d. ReM8ws of insurable rtsks undertaken regularfy. Systems have been estawished to mltyale bJgntffd risks and expert aj¥9 is taken where necessary. The trustee$, who are also the diTgclors for the wrpose of company IAW, and 8er¥¢d during the year and up to the date of ¥gnature of the financial statements were" Mrs L Bird Dr J Mr S Patsson Mrs C Parker Mr S Bedwell Ms Christine Davies Ms M As(with (Appointed 27Aprll 2023)
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The appcithen( indLKtKJn wvj trainiry of truste88 is (Ygani5&J by the trustees as a b. New trusloes work cbsely Ihith experienced trustees to familiarm Ihemsefves thr rde and to hav8 thelr quesliting answered. The Society utilises the faalilies and deVdOlent opportunfil88 wo¥ld&Y by th8 AbIoId Sou'ety to support the develcpment ol new and exisling trust. trustee8 act 88 8 management committee whth 8180 irAude8 thè manager. hcmjsekew'ng manager and volunteer8 88 approwiate. None of the Iru8t888 have any nefial Intor•8t In the comp¥ry. Al of ts tru8te•8 arn members of ts company and guarantee to contribLAe £1 n the evanl of a winding up. Small company provl$lon• This report has bèen prepared In o¢¢ordarte wlth th8 pwvi8lon8 8ptylca0 to compani88 entitled to Ihe nall ¢%mp•nles exfjmptk. The trustees, report was apwoyed by the Board ofTrustees. Mrs L Bird Trustee Dal8'.
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED I report to the truslees ¢)n my examinati of the Ilnancial $tstemts of The Abbeyfrld Bamard Castle Soclety mited (the charity) for the year ended 31 March 2024. R•8ponslbllltlM and basls of report As the trustees of the chanty land also ib thre¢tors for the wrposes of company law) you are reSnsible for the prepath'on of the financial 8tatements in a¢¢ordaa w6th the requirements of tho CompanY&s Act 201A Ithe 2( Having satisfied mysoff that the fmrrial statements of Ihg charity arn not rèquired to 8uditwJ under Part 16 of the 2006 Act and are elyible for independent examlnation. I report In resFect of my exomination of tha charlty's financlal ststemen18 carried out under section 145 of the Charftlas Acl 2011 Ithg 2011 Act). In carrying out my examlnatson I have foll0d dl Ihe applice Dnthons ty the Charity C¢)mmi$$Dn und8r section 145151{bl of th• 2011 Act. Indendant examlnorf8 st•tem•nt I havo completed my exaMInatn. I Ih4t M matters hwe comg to my attention in Connect1¢ th lh• ex8min•tion giving me cau8e lo bell8ve th81 in any material resFeCt'. accoUnn9 records were not kept in res1 of the charity 88 requir•d by aectx)n 386 of thg 2006 Ad., or the financial statemènts do not accord with those records.. or the fingnrial slalement8 do not comply wih the accounting requirement$ of 8•don 396 of the 20C6 Act other than any requirement th81 the acc(nts g0 a truo f'r wew v•hKh IB rM)t a matter con81dered as p8rt of an Indop8nd8nt 8xamin81ion', or thè finanual 8tatemenl¥ have not been prepared In accordanc8 whh the methc¥J$ and princlple8 of the Statement ol RecommarKl•J prli¢£ for Kcounb'ng and repIng by charitses appl18 to chanties preparirrfj their accounts In accordance the Finanual Re.j St8rKlard •picae In the UK 4Th1 Reput4ic of Irdarnl IFRS 102). I have rn concems and have come across no Otr matt8rs in connectM?n wth tho examination lo wknich attentir Should be dr8vm In Ihl8 report In order to ¢nae a PTCPOr dstandIng of the fin8nci Statements to be w¢hed. Mr John Yjrrow FCA for and on beh•ll olAllen Sykes Llmlt•d S Henson Close SoLth Churth Entttylse Park BishopAuckl8nd Co Durham DL14 6WA Dite(l.' Iq//?/%
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED STATEIIIENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Tolal Unrnstrlcted Re*trictsd furKI8 fund8 2023 2023 Total funds 2024 funds 2024 2024 2023 Income from: Donats'ons and legacies Charitable acti1108 Investments 261 131,398 20.303 261 131,398 20,303 150,700 22.758 150.700 22.758 Tolal Incomo 173,458 173,458 151,982 151,982 Expgndllur• on". Ralslng funds charitab actiwlie8 3,947 155.832 3,947 155.832 4,447 141.365 4,447 141.365 Totsl •xp•ndltur• 159.779 159.779 145,812 145,812 N81 gainslllo88681 on investment8 12 17,424 17.424 Not Incom• Ind mov•m•nt In fund¥ 31.103 31.103 6,150 8.150 R•conclllalk•n of fund•: Fund ba18nces at 1 April 2023 727,385 5.525 732,910 721.235 5,525 726,760 Fund balancM at 31 M•rGh 2024 758.488 5,525 764,013 727.38S 5,525 732,910 The stslement of financi818Ctivtbes Incl &1 gwn5 8ThJ1088ts rncognlsed In year. AJI incoma ar 8xpenditure derlve from contlnuing a¢tiwtw. Tho notes w pages 710 16 fonn pwt ofthese financial statements.
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED STATEMENT OF FINANCIAL posmoN ASAT31 MARCH 2024 2024 2023 FSxgd 488ets Tangible assets Investsnent property 14 16 128,347 500,424 130,460 483,000 628.r11 613,460 Current as••ts Debtors C88h at bank and in hand 16 5.215 132,713 5,695 116,954 137,928 122.649 Cr•dltorn: amounts falllng du• vAthln ¢)n• yoar 17 12,8861 13.1991 N•t current a8s•ts 135,242 119,450 Total a•s•ts l••• curr•nt Il•bllltlo8 764,013 732,910 N•t a•••ts •xcludlng penslon Iloblllty 764.013 732,910 Th• funds of lh• charfty Restricted income funds Unr88tr1cted funds 19 5.525 758.488 5.525 727.385 764.013 732,910 The company Is errtrtled to the exempti• from the •LMJIt rOwlr corrtained in Sec¢ 477 of Iha Compan1 Act 2006, for y8¥ anded 31 March 2024. The directorn ackn¢Thl•dge Ihelr re8ponslbilNies for coMplrj wth ts rewirement8 of the Comparthos A¢t 2008 V•lth respect to accountiry reGNts ONI Ihe Wepara of fin81 statom¢nts. The rnembe have not requiTgd ts Gompory to obtain an atyjit of ib fmaThal stateffl forthe year In questlon a¢cordance wth sectm 476. Thes8 finala1 StatentS have wepared in accordarKe *ilh thg w)visions applicable to companies subj'ect to the small companies regime. IGI,,IIq The financaal Statem V•ve approved by Ihe tru¥ie8s on ........ ......... . Mrs L Bird TNstee Company registrati¢)n number (K)906197 {Er&larKI and Vlales)
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polkl• Charfty Infornmtlon The Abtreyfield Bamwd Castle Socty Limited is a wivate comp8ny limited by guarantee incorwrated in England 8nd IAtsI88. Thè wistered officè 18 Abweld Hou8e. Galgate, 8amard Ca8tle, Co Durham, OL12 8BL. 1.1 Accountlng conv•nth finanaal $18lements have baen prepared in ac%OrdW with Ihe Companies Act 2006. FRS 102 'Thè Financ1 R8p)rting Stsndard aOicat4e in ihe UK and Repul1¢ of Ireland. fFRS 102.) and thè Chariti88 SORP "Accounting and Rep)rting by Charit.. Slatemenl of Reccrfnmervjed Prxtice applicabl8 to charrti88 preparfng their nIS in 8ccord8nce wrth the FinarKial RepytirvJ Standard applible in the UK and Republic of lrnland IFRS 102)" leffecb've 1 January 20191. chaTIty 1$ a Publ 8ofit Enbty a$ dfyfined by FRS 102. Th8 chartty ha8 tsken advantage ot the Fvovision8 in the SORP for churiiles not lo prepare a Stalanant of Ca8h FIov8. The financial staternents •r• prep•r•d in 8t•rtirYJ. is the ftmctional cuffency of the chwlty. Monetary amounts in these fina1 stalem•r)ts are rounded to the neare81 £. The financlal statements have bgen prepared Lxwjor tho hl8tcrfkal cost ccThMtbn, modthed io incltyyo th• rnvaluatlon ol investment pri)yitses al h'r valu•. Th• princopal aceourfrKJ p1ClaS adcyted En set below. 1.2 Golng ¢on¢•m Al the time of 4pprown9 tr finamal 8talernents. the truste88 havè a r8asonat4e exFect8tion that the tharty has ad8quat8 resources to continue in Operati41 existerte lor the f0reseeate future. Thus the trlee6 eontlnue to adopt the golng concern basi8 of untir1 in prep8rltvJ the finandal statgmenl8. 1.3 Charftsbl• fiind8 Unrestricted funds ar¢ ovallable for u8e at the d18cret of Ihe IrLrnteos in fitherarrte of thgtr charitable objectives. Re6triGt•d fvnd$ ar• sutr4.ect lo specific conditi3 ty ¢)nor¥ or grantors as lo they may b9 Used. The purpow8 uses 01 the restr1c fvnds 8re 80t (xrt in n( to the fffiaTr2818tatements. 1A In¢om• Income is recognised when ts tharity is legalty enlilled lo r( after any performarte condltK)ns havo boon the amounts can be measurgd r¢ligbly, and it is wobable Ihat incom8 Vill b8 reved. Cash donations aro rognISed on recèipt. Other don8n$ arg r¢¢ognIS oncè the charity has been nolified of the donation. Lmlgss perfnce conditims require deferral of the am¢)unt. Income tax recoverable in relation to dcfftati¢Yts reeerved under GfftAkl or deeds of covenant 1$ re¢ogntsad at tho me of the donation. LegaGi¢$ are feeogn18ad on receipt or Ltherwise rf th¢ dwrty has been ptified of w impending di5tribulKn, the arnnt is kno, rewpt is exF(aod. 11 the aMclt is not knrn¥n, Ihe l&Jacy is treated 88 8 ontirydenl asset.
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pDlkle¥ Icontlnuodl 1.5 Exp•ndtturn Expenditure is recognised m there is a legal or ecfistructwe obligation lo tran8fer OnOMiC benefit lo Ihlrd party, It is wobable that a transfer of benef¢t8 WM be require(I In settlement. ond the wnount of the obligab.on can be measured reliabty. ExpeThJrture is dassified by adbvty. Tr coth of each b"vty are m8de up of the total of d1 CO8t8 8nd shared costs. including supwt costs invow in undertaking each activty. Direct costs attrtbutsbk lo a singl¢ actIty are allocated diredy to that octivty. Sh¥ed c08ts whth contribute lo more than one actlvlty and 8lVPOrt C08ts which are not attn'lyJlalAe to a SIThJ xtNity ar8 apportionod b8tsson those acb'vibes on a b88lS consistent with the uso of rgsourcas. Central staff costs are allocated on thè ba818 of trmg spent, and dwr¢¢i8tion charges are allocated on thè Po"0n ofthe asset's use. 1.6 Tanlllble flx•d •u•ts Tangible fixed assets arè Inth'ally measured at Q)5t WKI sub¥eqnty measured at C08t or valuation, Mt of depreuab'on arKI any lrnpaiment1088es. D•prnclatlon18 r8cognl8ed so 88 to WTite off the CO8t valuatknn ol a880ts th•ir resldual values ¢)ver thelr U8efiJl Ilve8 on Ihe folkwAng bas88'. Freehold land and bulldngs Flxture8, fittings & equipment Offlce lumlture & equipment Not deprlated 15% reducing balanc• 40% rwjucing b8lan¢e Freehold propertkn8 not d¢precAated as thekr rètshknl values are nol considornd to be Ih•n c081. The galn or k)8$ arisity on tho di8pouI of an 4$88t18 detemiined os th• (Iffilerence b8tween the 8ale wxeeds and the Carrng value of the asset. and is recogni8ad In the 8tatemenl of finawal actIV8¥. 1.7 InY•slm•nt property Investment propety, thl¢h Is property he to eam rentals andlcf fof ca.181 apprecialion, is inlb'ally rÉeogn15ed at cost, whth indude8 the purchase cost ond any dlrectiy attribLrtable expendibjre. Subsequently It Is measured at fair value al roportirvJ end date. Tr suWus or defv"l on revaluathjn Is recognised in profft or1088. 1.8 Impalmwnl of fixed as¥•ts Al each reporting end date, tho charrty rewews the carrying amounts of 118 tangible assets to dolèrmlne whether there is any Indication that those assets hav8 suffered an impainnent loss. If any such Ind810n exsts, the recoverable amount of Ihe et is estrmatèd in order to detemiine thè extent of tho impairment 105s1rf 8ny). 1.9 Flnancl•l Instrum•nts The charfty has dected to apF4y ts ProviCS of seCtiC 11 'Basic Financial Instrwnentg, and Section 12 'Other Financlal Instruments Issues, of FRS 102 to all of its financial irthments. Financial instnrnenl$ are recognwd in the charfty8 balaTrx sheet thg tharity becomes paty to the contractual provisions of the instrum Baslc flnanclal assgts Bas finanual assets, vthich indude dets arKI cash and bank balances. are inibalty mea8ured transaction pri induding Iransaction costs aTrJ are subsequenuy carried at amorlised cost using the effective intefesl method unl&ss the arrangement conslitules a financing tr8nsackn"on, where the Iransacbon is measUd 8t the present Val of the future rttwpts discouniffl at a martet rate of intere81. Financial assets classffied as recèivatrA8 wrtlun one year we n( amortised.
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢Gountlng po15cl•s {Contlnuedl 8•slc Ilnanctsl Ilabllltles Basr financial liatm'litses. indu(ling credith bank lOar ar8 initially recognised at tran8&tKffi l¢e unle$8 the arr8ngemenl constitutes a finanung Iran&Ytk?n, re the debt instrument is measured at the present value of the future payments discwnled at a mafkel rale of Inl¢iést. FlnancLqI Ilabillb'es classified a$ payabbè th one year are not amortised. TT&Je creditors are oblhJalions to pay for goLJ5 or that have been acquired in the ordinwy course of operation8 from sUpplr$. Amounts payable are ¢la$$ified as Curn1 liabilities rf payment 1$ du8 Within one year or less. If Tr)t, they are presenle(l as rK>nthoJrront liabi1rt$. Trade ClI0r$ are recognised inlllally al tronsacllon price and subwuentty measured * amrtlsed Cost uglng the effec've interest Methj. 1.10 R•tlr•m•nt b•n•fft• P•yTn•nts to d•fin•d CrA)tiibUt retirement bernfft schemes ara charged 8$ an expen8e as tw fall du•. crftlcal accountlng •8tlm4t•• and Judg•m•nt• In the appllc8tlon of the chofity'8 accounting poli1. the tru8to8s are required to make judgemènts, estlmates ar assumpOn$ aut the c8nying 8rrwnt of asséts and liabilrties that org not readily apparent from other 80urces. The e8tlmale8 and 088ooaled umptn¥ are based on hi8torKal experieTr 8rKI cther facth that are con8ldered lo be rdevanl. Actual r88uM¥ may differ from the estimates. The 881imate8 and underlying 8ssumpb'M8 are r8%rf8weA on or¥Joing b8•is. to accounllryJ 8811m8te8 are reccgni8ed in the peri¢)d in whkh the eth"m8te 18 revi8ed where the revi&on affects cnly tho1 perl(>J, or In the period of Ihe rONi$l fuiwo perh>J8 revision affecll bth curronl and future perl&J8. Incom• from donitlom and Iw¢l•• Unmtrlctsd Unrn•trlcted fund8 fund# 2024 2023 Donatlon8 and 261 Incomo from charllabl• actlvltl•¥ Unrestrlcted Unrnstrleted funds funds Abbfryfl•ld Abboyngld Hous• Hous• 2024 2023 Sale of goods Charltse r&*al irKome 150.700 128.750 150.700 131,398
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from Investments Unmtrfct•d UnrnstrlGted funds fun 2024 2023 Rent81 inccme Interest recelvable 21.552 1.208 20.148 155 22,758 20,303 Expondlturn on ralslng lund8 Unr•Jtrl¢tsd UnM•trlct•d fund8 lunds 2024 2023 Inve•tment prop•rty co•ts Repairs & MainlanCe Insurarte other fundralslng costs Supp)rt cost6 1,558 1,010 67 1,312 3,2V2 817 238 3,947 4.447 10-
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exwnditur• on charltsbk actlvltles Abb•yfi•ld Abb•yfi•ld House House 2024 2023 Dlr•ct ¢tr Staff costs Rates & woler Light & heal Repair5 & maintenance Insurance Housekeey Regtrdgnts care TV IKences G8rdening 55.663 4.064 10,189 18.126 5,778 17.221 1,624 159 51,998 4.291 8.960 14.396 3.860 13.193 1.703 158 93 113,406 98,652 Share of •upport and govern•n ¢ts IM• nots 81 Support Governanc• 37.059 5,367 36,901 5.812 155,832 141.385 Analy81• by lund Unre8lriGted fund$ 155.832 141,365 11
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 8upport costs Support Govornanc8 costs costs 2024Supwt costs <>)v8mance osts 2023 Staff costs Depreciation Communlcatls & IT Genefal office Finance c08t8 Other costs 32.287 2,677 1.086 1.533 10S 703 32.267 2.677 30,394 3.238 1,050 1,914 125 182 30,394 3,236 1,050 1,914 125 182 1.533 105 703 Independent examination 1.620 510 13 3.224 1.620 510 13 3.224 1,580 522 183 3,547 1.580 522 183 3,547 NoTrexaminalion f Legal and profe88iono1 Afflllatlon fee8 38.371 5.367 43,738 36,901 5.812 42.713 Andy6•d b•h•n FraIsing Charltable acl1¥186 1,312 37,059 1,312 42,426 5,367 36,901 5,812 42,713 38,371 5,367 43,738 36,901 5.812 42,713 Not rn0¥omont In funds 2024 2023 The net movement in funds18 slated after charglnW{¢xedfliTrJ)'. Fees Payable for the Indgperyjerrt examnabon of the ¢ity$ fmarKAal $Lements Depreciation of ulmed tang*lg fix•d 88¥018 1,620 2.677 1.580 3.236 10 Trustee• None of thg trustee¥ {ty any wrnon$ connerAed Tth them) received r8muneTation or benefits from the chartty durlng tha yw. 11 Employws The average monthty number ofemF4oyees dwr¥J the year was: 2024 Number 2023 Numb•r 12-
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 11 Employws IContinu8dl Emptym•nt costs 2024 2023 Vthges and salarieB Other pension costs 86,354 1,576 81.015 1,377 87,930 82,392 The average number of fullme equtr¥olent •mpknyee8 during the year was 512023.. 5). Thore ware no employ998 wIK18e annual remuneratiw wa8 mrKe £60,000. R•myn•r•tlon of kfry m•ng•m•nt p•rnofftfft•l Th8 l•muratIon of kay management w88 a8 follory: 2024 2023 Aggregata compensation 32,267 30,394 12 0•ln8 and louts on InvMbTh•nts Unrgstrlctod Unr•strlctsd ftinds funds 2024 2023 Gains111088e81 ari*ng on- Revaluation of irniestment properties 17.424 13 Tixatlon The tharity18 exempt from taxatkjn on Its aCtI¥it because 8N its income is apFlied for charitable purposes. 13-
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangibl8 fixed ass•ts Totsl tlIn9 fftljngs & I11 & •wlrAnOnt equlpn•rtt Cost Al 1 April 2023 Additiu Di8pos815 113,931 55,883 8.876 178,490 494 (T70) 1770) At 31 Marth 2024 113.931 56,177 8,1 178,214 Deprnclatlon •nd Impalmxnt At 1 Aw'l 2023 Depreclatin charged in ts year Eliminated In re8P•¢t of disposal 39,705 2.429 8,325 248 18401 48,030 2.677 18401 At 31 Marth 2024 42,134 7.733 49,887 C•rylng amount At 31 March 2024 113.931 14,043 373 128,347 At 31 Marth 2023 113,931 15,978 551 130.460 16 In¥IM9nt prop•rty 2024 F•lr v•lu• At 1 Wil 2023 Net gains c10886s through lair value adjusim8rt5 483,000 17.424 At 31 March 2024 500,424 The fair value of investment property ha$ been arrNed 81 by app.ng N8tionwlde Hou8e Price Indox IPercenlage movement in valuel lo the value ¢)n the dale of 8cquisiliM up lo the reportlng date. The tru81ees Iso made refefenco to market é¥Kfjence of traCtion prices for similar prop8rties. The valuation has been Cald by Ihe trustees. not by w Indeper valuer. The carrying value crf land and lId1r irdwlBd in investment woperties compri8es: 2024 2023 Freehold 500.424 483,000 14-
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 D8btora 2024 2023 Amounts falllng due wlthln on• y¢•r. Other debtors Prapayments an(1 atcrued irKome 231 4,984 5.695 5.21 S 5.695 17 Cr•dltorn: •mount• famlng du• wlthln on• year 2024 2023 Accruals and defeffed income 2.686 3,199 18 R•tlr•m•nt b•ngfft •ch•m 2024 2023 Definod ¢ontrlbutlon •Gh•m Charge to profft Of1088 in reJrd of defirnd ¢thibubon thme8 1,576 1.377 Tho opere$ a definod contributim p8nswJn 8thme ts 1 qualtying employo88. Th as$8t8 of the sth•me are held 8ep8rately from those of thè charity in an &Jminl8tered fvnd. 19 RMtrl¢t•d fund• Th8 r•8tricted fiJnd8 of the ¢h•lty ungxperded 1>al¥tt of donallon8 8TrJ grarrts hold on trust 8ubjact to 8pecifi¢ cndItiOnS by nOT$ 8$ to tw may be d. Plovoment In funds Inwmlno B•lIn at r•sourc•• 31 MarGh 2024 In lund$ 8thK• at In¢+)mlry B•l•nc• •1 1 A12022 r••ourc•B 1 Awll 2023 Sen80ry Garden 5,525 5.525 5,525 The Sensory Garden furKI conwsts of legaaes dcffwti receNed trmards ts cost¥ of producing sensory garden for residents athbW House. 15-
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Unrgstrlctsd funds The unrestricted furKls ofthe charrty comprtse the unexpended balances of dOaon5 and 9r8nts vthicn are not subject to SFecifiG crmditions by donLYS aThJ gTantcYs as to how they may be usad. These indude degnated furKls have been set aside ¢XJt of unresth.cted funds by the Intstees for wfiG pwp)s65. Galn• and At 31 March 108 2024 At 1 Apvll 2023 Inc¢)mlng Rg¥ource• Sourc oxpendod 173,458 11S9.779) 17,424 758,488 General fvnd8 727.385 Prn¥lous y•ar: At 1 Aprti Incomlng Ro•ouvce 2022 rn•ourc•s •xp•nd•d G•ln8 •nd At 31 M•rch 2023 727.385 Ger87 fiJnd8 721,235 151.962 (145,8121 21 Anafy• rf n•t a88•ts betw••n fund• Total fund 2024 funds 2024 2024 At 31 March 2024: Tangl6 a88ets Invastm¢nl properties Currenl 4ssetsl(liabillties) 128.347 SW,424 129.717 128,347 500,424 135,242 5,525 758,488 5,525 764,013 Unr•StrIc R•strlct•d fund• fund• 2023 2023 Totsl 2023 At 31 March 2023- Tangible assets Inveslment properties Current 8ssetsllliabilikn.es) 130,460 483,000 119.4SO 130,480 483.000 113,925 5,525 727,385 5.525 732.910 22 Related party traThsactlon$ There were rK> dIscknsab rdated party transacons during the year {2023- ncrfEI. 16-