Chorty r•gl8trallon nurn￿r 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 pa￿eT
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•
Abté￿￿d Hou8•
Galgate
Bwnard
Co t￿lhaM
DL12 88L
Ind•wndenl exomln¢r
Mr John Yarr￿¥ FCA
len Sykes Limrted
5 Hen￿￿ Ch)$&
South Chur¢h Enl¢ryl8e Park
'sI￿pAUc￿aTrj
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 C￿panY law, present th*r annual rewrt and finan￿
statements for the year ended 31 March 2024.
The finanGial sl*ements have I￿n prepared In accorda￿£ with th6 &e4wnting prAI￿e3 set out in notè 1 to the
financial Statements and compty with the Comp8nles Act 2006 -A￿Ountr.￿j and ReForting by Chartb'es..
Statsment of Recc¥nmond*l Practsce apF4icable lo charikn.es preparirKJ thèir acr￿UnIS in accordance with the
Finanaal Reporting Siandard applbcabl& in tt)e UK arml RepUl￿1C of Ir6lar*J {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 Ipth￿h 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 gI￿nd
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 ¥aCar￿leS and utili8e Abtwd England and our cr*n online marketing lo promote our offer ar
vacancl68.
The bungalow8 have remained at fvll ocojpancy thp)ughcKrt Ihe pwiod have ￿nId￿J19d 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 $UPF4i¢8 hoating to the lour
annex flats. Over Ihe peri¢xl a slwJhUy hIg￿r number of reSp￿￿￿e repairs due to vmr and tew were ¢arried out at
toth Abb8yn8ld Houw and th8 Bart￿9 bungalows.
A health and safety upgrade was c4rrled out follcfiMrrfJ a heanh ar*Y safety Inspeth￿ antt a sub88qu8nt flre ¥af•ty
In8Feclion identified only min¢y ath"eAB to meot currant requirements.
The 80ciety generally ha8 khv *aff tumover. Htrhever in the 2023r24 due lo staff r•b'r•mgrt and staff
workload allocation a new housekeeper and hou8e 888iStant were 8pp)inl8d. In addib'on, the manager l¢)ok a four
month career break", the deputy manager t¢*)k on duts'es duriTrJ this period. Stgff costs were 51% of incomè. We
continue to receNe 8UPFQrt through the AbbeYr￿d Connect p￿ts1 army the online trw'nirg hub. Staff and tru8lee8
have accessed a range of courses at mcth81 c081. Staff have been ats￿ to COm￿ete mandatory cowses orAine and
t th8m around Iholr I￿1rk schadul8S.
Th& wdfare of cw residents arKI staff r4 ahvays a wority. CelebraticTh and events have taken pthe thrwhout Ihe
year, including su￿e$Sfvl Family aTrJ Frienits bLfflel lunches at Christrnas and Easter. Resldents and th￿r famil
have expressed that they feel safe and Se￿re and thal ts"r weltsre comes first.
We s￿cesSfullY r8cNit8d pol8nbally Iwo nvw trustees vtho will strengthen Ihe bring hum￿ rowur¢a8
and legal exp8Tb'5e. They have initkrylly teen c￿c￿ted. 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
tr￿tee$ 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 Fin￿￿￿al Act￿￿6$, the surF4us ts Ihe yoar
amounted to £31.103 (2023.. £6,150).
No re8trlcted lund8 were re￿¥•d during the yew. The b318nce of r￿triC￿e￿ fund$ rem8wis al £5.525. whlch Is
lo be u8ed toward$ the creation of a sensory gan*n 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, Sh￿Id 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)e￿81d
SIxi8ty Ltd.
bl to woth towardB full OC￿Pan¢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 ut￿18• wr remaining fvnds to our Pr￿1￿ 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 Compan￿Act 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 bJgntff*d 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 th￿r rde and to hav8 thelr
quesliting answered.
The Society utilises the faalilies and deVdO￿lent opportunfil88 wo¥ld&Y by th8 AbI￿oId Sou'ety to support the
develcpment ol new and exisling trust￿.
trustee8 act 88 8 management committee whth 8180 ir*Aude8 thè manager. hcmjsekew'ng manager and
volunteer8 88 approwiate.
None of the Iru8t888 have any ￿nefi￿al 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 8ptylca￿0 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 $tstem￿ts 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 reS￿nsible for the
prepath'on of the financial 8tatements in a¢¢orda￿a 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 foll￿￿0d dl Ihe applic*e Dnthons ty the Charity C¢)mmi$$Dn und8r section 145151{bl
of th• 2011 Act.
Inde￿ndant examlnorf8 st•tem•nt
I havo completed my exaMInat￿n. 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'.
accoUn￿n9 records were not kept in res￿1 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 g￿0 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 pr￿li¢£ for Kcounb'ng and rep￿Ing by charitses appl￿1￿8 to chanties
preparirrfj their accounts In accordance ￿ the Finanual Re￿￿.￿j St8rKlard •p￿ica￿e In the UK 4Th1
Reput4ic of Irdarnl IFRS 102).
I have rn concems and have come across no Ot￿r matt8rs in connectM?n wth tho examination lo wknich attentir
Should be dr8vm In Ihl8 report In order to ¢na￿e a PTCPOr ￿d￿standIng 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 acti￿1108
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 coMpl￿r￿j wth ts rewirement8 of the Comparthos A¢t 2008
V•lth respect to accountiry reGNts ONI Ihe Wepara￿ of fin￿81 statom¢nts.
The rnembe￿ have not requiTgd ts Gompory to obtain an atyjit of ib fmaTh￿al stateffl￿ forthe year In questlon
a¢cordance wth sectm 476.
Thes8 fina￿la1 Stat￿entS 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 Soc*ty 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 $18lements have baen prepared in ac%OrdW￿ with Ihe Companies Act 2006. FRS 102 'Thè
Financ￿1 R8p)rting Stsndard aOicat4e in ihe UK and Repul￿1¢ of Ireland. fFRS 102.) and thè Chariti88
SORP "Accounting and Rep)rting by Charit￿.. Slatemenl of Reccrfnmervjed Prxtice applicabl8 to charrti88
preparfng their ￿nIS in 8ccord8nce wrth the FinarKial RepytirvJ Standard appli￿ble in the UK and
Republic of lrnland IFRS 102)" leffecb've 1 January 20191. chaTIty 1$ a Publ￿ 8￿ofit 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 FIov*8.
The financial staternents •r• prep•r•d in 8t•rtirYJ. is the ftmctional cuffency of the chwlty. Monetary
amounts in these fina￿1￿ 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 p￿1ClaS 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 Operati￿41 existerte lor the f0reseeat￿e future. Thus the tr￿lee6
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 conditi￿3 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 V*ill b8 re￿ved.
Cash donations aro r￿ognISed on recèipt. Other don8￿n$ arg r¢¢ognIS￿ oncè the charity has been nolified
of the donation. Lmlgss perf￿nce 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 p￿tified of w impending di5tribulK*n,
the arn￿￿nt is kno￿, rewpt is exF*(aod. 11 the aMc￿lt 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 d￿1 CO8t8 8nd
shared costs. including supwt costs invow in undertaking each activty. Direct costs attrtbutsbk lo a singl¢
actI￿ty 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 b8tss*on 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¥eq￿nty 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 depr￿lated
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$88t18 detemiined os th• (Iffilerence b8tween the 8ale wxeeds
and the Carr￿ng value of the asset. and is recogni8ad In the 8tatemenl of finawal actIV￿8¥.
1.7 InY•slm•nt property
Investment propety, *thl¢h Is property he￿ to eam rentals andlcf fof ca￿.181 apprecialion, is inlb'ally
rÉeogn15ed at cost, whth indude8 the purchase cost ond any dlrectiy attribLrtable expendibjre. Subsequently
It Is measured at fair value al ￿ roportirvJ end date. Tr* suWus or defv"l on revaluathjn Is recognised in
profft or1088.
1.8 Impalmwnl of fixed as¥•ts
Al each reporting end date, tho charrty rewews the carrying amounts of 118 tangible assets to dolèrmlne
whether there is any Indication that those assets hav8 suffered an impainnent loss. If any such Ind￿810n
exsts, the recoverable amount of Ihe ￿et is estrmatèd in order to detemiine thè extent of tho impairment
105s1rf 8ny).
1.9 Flnancl•l Instrum•nts
The charfty has dected to apF4y ts Provi￿C￿S of seCtiC￿ 11 'Basic Financial Instrwnentg, and Section 12
'Other Financlal Instruments Issues, of FRS 102 to all of its financial irthments.
Financial instnrnenl$ 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
measU￿d 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 goL*J5 or that have been acquired in the ordinwy course of
operation8 from sUppl￿r$. Amounts payable are ¢la$$ified as Cur￿n1 liabilities rf payment 1$ du8 Within one
year or less. If Tr)t, they are presenle(l as rK>nthoJrront liabi1rt￿$. Trade C￿lI0r$ are recognised inlllally al
tronsacllon price and subwuentty measured * amrtlsed Cost uglng the effec*'ve interest Meth￿j.
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 poli￿1. the tru8to8s are required to make judgemènts, estlmates
ar￿ assump￿On$ a￿ut the c8nying 8rrwnt of asséts and liabilrties that org not readily apparent from other
80urces. The e8tlmale8 and 088ooaled ￿umpt￿n¥ 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
Charlts￿e 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 & Mainl￿anCe
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
Communlcatl￿s & 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
F￿￿raIsing
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
$L*ements
Depreciation of ulmed tang*lg fix•d 88¥018
1,620
2.677
1.580
3.236
10 Trustee•
None of thg trustee¥ {ty any wrnon$ connerAed T￿th 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 full￿me 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•n*g•m•nt p•rnofftfft•l
Th8 l•mur￿atIon of kay management w88 a8 follo*ry:
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
t￿lI￿n9￿
fftljngs & I￿￿1￿1* &
•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 c*10886s 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 tra￿Ction prices for similar prop8rties.
The valuation has been Cal￿￿d 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 reJr*d of defirnd ¢th*ibubon thme8
1,576
1.377
Tho oper*e$ a definod contributim p8nswJn 8thme ts ￿1 qualtying employo88. Th as$8t8 of the
sth•me are held 8ep8rately from those of thè charity in an &Jminl8tered fvnd.
19 RMtrl¢t•d fund•
Th8 r•8tricted fiJnd8 of the ¢h•lty ungxper*ded 1>al¥￿tt of donallon8 8TrJ grarrts hold on trust
8ubjact to 8pecifi¢ c￿ndItiOnS by ￿nOT$ 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 A￿12022
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 dO￿a￿on5 and 9r8nts vthicn are
not subject to SFecifiG crmditions by donLYS aThJ gTantcYs as to how they may be usad. These indude
deg￿nated 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
G￿er87 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:
Tangl￿6 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 transac*ons during the year {2023- ncrfEI.
16-