Registered number: 00872566
ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
? Bishop Fleming

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
CONTENTS
Page
Information
8oard Report
Independent Auditors. Report
8-11
Statomont of Comprehensive Incomo
12
Balance Sheet
13
Statement of Changes In Reserves
14
statement of Cash Flows
15
Notes to the Financial Ststements
16-30

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
SOCIETY INFORMATION
TRUSTEES
Dr H Richards Ichairl
Mr R Kinsman
Mr E Langston (resigned 28 May 20251
Mrs A C Smith
MrDFWood
COMPANY SECRETARY
Mrs F Meaking
REGISTERED NUMBER
00872566
REGISTERED OFFICE
4349 Weslbury Road
Henleaze
Bristol
BS9 3AU
INDEPENDENT AUDITORS
Bishop Fleming Audit Limited
Chartered Accounlanls & Slatulory Auditors
10 Temple Back
Bristol
BS16FL
CHIEF EXECUTIVE
Mr A Rees
Page 1

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
BOARD REPORT
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
The chair presents their report for the period.
The Trustees present the Society's Annual Report for the extended financial period of October 1st 2023 to March
31st 2025 under the Companies Act 2006 and the Charities Act 2011, together with the audited financial
statements for the period, and confirm the latter comply with the Companies Act 2006, the Ststemenl of
Recommended Practice for Social Housing Providers 2018, and the Company's Memorandum and Articles of
Association.
REFERENCE AND ADMINISTRATION INFORMATION
Abbeyfield Bristol and Keynsham Society is a charitable company founded in 1966.. Charity Registration Number
257532, Homes England Number H0315, Company Registration Number 872566.
The liability of its members is limited to £1 each by guarantee.
The registered office and principal address of the Company is al 4349 Westbury Road, Westbury-On-Trym,
Bristol, BS9 3AU.
Before the 151 February 2025 our registered address was 29 Alma Vale Road, Clifton, Bristol BS8 2HL.
Trustee membership
This is listed on page 1, together with details of the key executives and professional advisers. Under the terms of
the Memorandum and Articles of Association of the Society, for Companies Act purposes the Trustees constitute
the Directors.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The company is governed by ils Memorandum and Articles of Association dated 1 March 1966.
Governing Body
Under the Memorandum and Articles of Association, there are to be not less than three and not more than 18
Trustees.
Trustees (other than any ex officio members), deemed to have appropriate skills and abilities, are elected by
existing Trustees of the Society and ratified by Members of the Company at the Annual General Meeting. They
serve a term of 3 years, after which they may be re-elected.
A Trustee skills, audit is undertaken regulady to ensure the Board maintains a beneficial breadth of skills within
ils composition.
Trustee Recruitment and Appointment
Trustee recruitment and succession planning is crucial to the Society and we continue actively to recruit on
relevant recruitment websites, on social media and through recommendations.
Oryanisational Structure
Abbeyfield Bristol and Keynsham is governed by a Board of Trustees, who meet quarterly to set strategic
direction, monitor performance, and ensure compliance. DaY-l￿daY operations are delegated lo the Chief
Executive Officer. The Board maintsins a close working relationship with the Chief Executive Officer, providing
oversight and support lo achieve the charity's objectives.
Related Parties
There were no related paty transactions requiring disclosure during the period.
Page 2

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
BOARD REPORT ICONTINUEDI
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
Rlsk Management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place lo provide reasonable assurance against fraud and error. A comprehensive risk
register is maintained and reviewed annually by the Board with an update of significant risks or risk score
changes made quarterly.
OBJECTS, AIMS, OBJECTIVES AND PRINCIPAL ACTIVITY
The Trustees maintsin the objects established when the Society was founded in 1966, which are contained in the
Memorandum and Articles of Association.
To ensure this, the Trustees meet regularly lo assess occupancy levels, income and expenditure and to regularly
review operations. The Senior Management present a detailed report at each meeting, and interim ￿pOrtS as
required.
The Trustees have considered the Charity Commission's guidance on public benefit and are satisfied that our
Society's aims and the activities carried out to deliver those aims are for the public benefit.
Strateglc alm and Intended effects
Our purpose is to provide affordable Supported Housing for older people who require an element of extra
support, to enable them to live independent lives for as long as possible, irrespective of their financial resources.
Oblectlves for the perlod
Our primary objective remains to provide high-qualily, affordable supported living for older people in Bristol and
Keynsham, fostering independence, companionship, and a sense of community.
During the financial period ended March 31st 2025, the Trustees agreed on a new 5 year plan which has four
main objectives".
Elevate our services - We will enhance our support to foster compassionate, welcoming communities that
promote independence and adapt lo residents, needs while delivering high-quality, value-driven services.
Strengthen Community Ties We will strengthen our regional relationships and build a supportive network
that enriches everyone's lives.
Support our Team - We wll empower our staff and trustees to reach their F)Otenlial, delivering affordable,
high-quality service.
Modernise our Operations and G0Veman￿ - We will build a thriving organisation that excels at all levels,
ready for the future and focused on delivering value for residents through improved energy efficiency and
servI￿s.
Review of Activities and Achievements
This period has been one of consolidation for Abbeyfield Bristol and Keynsham after a period last year without a
CEO. We are pleased lo report significant progress for the organisalion..
Occupancy.. While 30 residents left us during this period, we have welcomed 32 residents into our houses
during this lime.
Resident Well-being". Feedback from residents and families indicates high levels of s8tisfaclion with the
services that we provide.
Complaints Handling Code
During this period we updated our complaints policy and have submilled our
first self-assessment lo the Housing Ombudsman in accordance with their new requirements
FinanTr systems - As well as moving the start of our financial year to 1 st April, we have started a transition
from Sage accoLJnting sofbNare to Xero which will better SUPFX)rt the organisation's broader
Page 3

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
BOARD REPORT ICONTINUEDI
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
needs-particularly in terms of data quality, reporting, and budget management.
Community Engagement.. Each House holds a number of events each year al which family, friends and
neighbours are invited to attend.
Marketing After undertaking a strategic ￿VIeW of the market and our internal processes, we appointed a
marketing Officer in December 2024. They have led a rebrand of the organisation and launched a new
website that better showcases the houses and rooms that we have available.
Property Maintenance and Improvement.. Following significant refurbishment in 2023, we continue lo
maintain our houses to a high quality
Staffing." We provide mand8tOry and speci81isl training for our dedicated staff team, ensuring they have the
skills and knowledge to deliver exceptional services.
Human ReSoU￿S
We have significantly improved our HR services, retaining the services of HR
Consulianls RISE HR, and introducing an online platform to manage leave, absences and performance
management.
Public Benefit Statement
The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due
regard lo the Charity Commission's public benefit guidance. Our activities provide clear public benefit by..
Relieving Need.. Providing affordable, supported housing for older people, many of whom would otherwise
face isolation or strLJggle to maintain independent living in their own homes.
Promoting Health and Well-being." Offering a safe, social environment that reduces loneliness, encourages
physical aclivily, and supports mental well-being.
Advancing Citizenship and Community Development.. Creating vibrant communities within our houses,
fostering companionship and mutual support, and integrating residents into local aclivilies.
Our services ensure that older individuals can live with dignity, security, and companionship, contributing
positively lo their lives and the broader community in Bristol and Keynsham.
FINANCIAL REVIEWAND RESULTS FOR THE YEAR
During this financial period, Abbeyfield Bristol and Keynsham Society posted an operating deficit of £331,068
and a deficit after net interest costs of £266,369. Tumover changed from £1,836,569 10 £2,765,677.
Donations and legacies received in the period tolalled £1,061.
At the end of the financial period, the Society held cash resources of £1,521,888. Surplus funds are invested in
interest bearing deposits with a number of providers.
A financial plan has been agreed for the next year, and the areas of main focus will be improving our occupancy
and continued tight cost control.
ReseNes Policy
Our policy is to relain such reserves as in our judgement are adequate to cover..
Day-104ay operational expenditure, for which the current policy is lo hold cash lo cover 3 months, expenditure,
which in the period to 2025 equated to £514,500.
Funding for identified development projects and repairs to the housing propety Portfolio.,
Page 4

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
BOARD REPORT ICONTINUEDI
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
A small reserve for unexpected items. However, the gearing of the Society would permit appropriate borrowing to
cover the majority of eventualities.
The Society holds only unrestricted reserves. The balance held al 31 sl March 2025 was £5.094,914 of which
£805,936 are regarded as free reserves after allowing for funds lied up in tangible fixed assets nel of associated
grants and borrowings.
Value for money
The Society is charged with the responsibility for providing and demonstrating that il does offer value for money.
The Society views value for money achievement as being the optimal balsnce between finsncial performance
and the provision of a quality service that results in a high level of resident satisfaction. The Society monitors
financial and operational performance monthly and benchmarks itself both within the National Abbeyfield Society
but also externally.
Value for Money Metrlcs
In response to the Regulator of Social Housing Technical note of April 2018 the Society now reports on the Value
for Money metrics. There are 7 metrics covered by this technical note.
Metric 1 Reinvestment 0/0
This metric looks al the investment in properties lexists'ng stock as well as New Supply) as a percentage of the
value of total properties held.
The Society metric for reinvestment is 0.10/012023 0.10101.
Metric 2- New su
I delivered 0/0
The new supply metric sets out the number of new social housing and non-social housing units that have been
acquired or developed in the year as a proportion of total social housing units and non-social housing units
owned at period end.
No new supply has been delivered in the year of either social housing or non-social housing.
Metric 3- Gearin
This metric assess how much of the adjusted assets are made up of debt and the degree of dependence on
debt finance.
The gearing of the Society is n￿ative al_22.30A12023- negative al_16.10/01-
Metric 4 - Earnin
Interest Cover O
The EBITDA MRI interest cover measure is a key indicator for liquidity and investment capacity.
s Before Interest Tax De
reciation Amortisation Ma
or Re
airs Included
EBITDA MRI
The EBITDA MRI interest cover is_16890/012023- 10,4170/01.
Metric 5- Headline social housin
cost
er unil
The unit cost metric assesses the headline social housing cost per unit as defined by the Regulator.
The headline social housing cost per unit is £37,12712023 - £23,9901-
Metric 6- 0
eratin
Mar
The Operating Margin demonstrates the profitability of operating assets before exceptional expenses are taken
into account.
The operating margin of the Society for its social housing lettings is negative at -12.30A 12023 - negative al
The operating margin of the Society as a whole is -120A12023 _ 10.5 %).
Page 5

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
BOARD REPORT ICONTINUEDI
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
Metric 7- Return on ca
ital em
ROCE
This metric compares the operating surplus to total assets less current liabilities.
For the Society as a whole this is 4.40k12023_ 2.40/01.
Governance and flnanclal vlablllty
The Society complies with the principal recommendations of the 2015 National Housing Federation Code of
Practice and also the Governance and Financial Viability Standard published by the Homes and Communities
Agency insofar as it applies to organisalions of the size of this one.
Our reserves are represented by buildings, equipment and current assets. Our cash reserves are maintained on
short and longer term objectives. It is our policy to place funds to maximum advantage.
FUTURE PLANS
We started a S year plan in 2025 which will see us improving our services for residents as well as increasing our
connection with the local areas.
We will continue to look closely at our existing housing stock. We have an ongoing programme of upgrading
and improving all our facilities, to ensure that they are fil for the future and appeal to increasingly disceming
prospective residents.
We continue lo look al development opportunities in the area.
We are improving our marketing approach, seeking to raise awareness of Abbeyfield Bristol and Keynsham
Society in the region which should positively impact occupancy and open up new collaborative opportunits'es.
Looking ahead, Abbeyfield Bristol and Keynsham remains committed to ils mission of providing exceptional
supported living for older people. Our key plans for the forthcoming year include".
Elevate our services
Refining and defining our standards, increasing resident communication, and
improving our welcome processes.
Strengthen Community Ties - Hosting more community events, fostering resident connections, enhancing
Partnerships with Ioc81 organisations, and 8ttmeling new residents through effective outreach.
Support our Team - Fully implementing the new HR system, creating clearer job descriptions, and offering
training online and in-person.
Modernise our Operations and Governance
Launching our inhouse quality framework, 'The Diamond
Standard,, and continuing lo review our risk and health management procedures.
ststement of Trustees. Responsibilities
The Trustees are responsible for preparing the Board Report and financial statements in accordance with
applicable law and regulations.
Company law and registered social housing legislation require the Trustees lo prepare financial ststements for
each financial year. Under that legislation the Trustees have elected lo prepare the financial stslements in
accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting
Standards and applicable lawl. Under company law, the Trustees must not approve the financial statements
unless they are satisfied that they give a true and fair view of the slate of affairs of the Society and of the income
and expenditure for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies for the Society's financial stslemenls and then apply them consistently.,
make judgements and estimates that are reasonable and prudent.,
Page 6

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
BOARD REPORT ICONTINUEDI
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
state whether applicable UK accounting stsndards have been followed, subject lo any material departures
disclosed and explained in the financial statements," and
prepare the financial statements on a going concem basis unless it is inappropriate lo presume that the
Society will continue in business.
The Trustees are also responsible for keeping adequate accounts'ng records, that are sufficient to show and
explain the Society's transactions, which disclose with reasonable accuracy al any time the fi'nancial position of
our Society and enable us to ensure that the financial statements comply with the Companies Act 2006, the
Housing and Regeneration Act 2008 and The Accounting Direction for Private Registered Providers of Social
Housing in England 2019. They are also responsible for safeguarding the assets of our Society and for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
As far as the Trustees are aware".
there is no relevant audit information of which our auditors are unaware., and
the Trustees have taken all necessary steps to make themselves aware of any relevant audit information
and to establish that the auditors are aware of that information.
Audltors
The auditors, Bishop Fleming Audit Limited, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
Dr H Richards
Chair of Trustees
Dale".
18 September 2025
Page 7

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ABBEYFIELD BRISTOL AND KEYNSHAM
SOCIETY
OPINION
We have audited the financial statements of Abbeyfield Bristol and Keynsham Society (the 'Society'l for the 18
month period ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Statement of
Financial Position, the Statement of Cash Flows, the Statement of Changes in Reserves and the related notes,
including a summary of significant accounting policies. The financial reporting framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iunited Kingdom
Generally Accepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair view of the slate of the Society's affairs as at 31 March 2025 and of its income and
expenditure for the 18 month period then ended.,
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice," and
have been prepared in accordance with the requirements of the Companies Act 2006, the Housing and
Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing in
England 2022.
BASIS FOR OPINION
We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the Society in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including
the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and
appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial stalemenls, we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast signifi'cant doubl on the Society's ability lo continue as a
going concern for a period of at least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the Iruslees with respect to going concern are de￿ribed in the
relevant sections of this report.
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ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ABBEYFIELD BRISTOL AND KEYNSHAM
SOCIETY (CONTINUED)
OTHER INFORMATION
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except lo the extent othen￿lSe explicitly stated in our report, we do not express any form of assurance conclLJsion
Ihereon. Our responsibility is lo read the other information and, in doing so. consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If. based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the for the financial 18 month period for which the financial statements are
prepared is consislenl with the financial statements., and
the Board Report has been prepared in accordance with applicable legal requirements.
MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the Society and ils environment obtained in the course of the
audit, we have not identified material misstatements in the Board Report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law a￿ not made," or
we have not received all the information and explanations we require for our audit.
In addition, we have nothing lo report in respect of the following matter where the Housing and Regeneration Act
2008 requires us to report to you if, in our opinion..
a satisfactory system of control over transacts'ons has not been maintained.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees, Responsibilities Statement set out on page 8, the trustees are
SF)onsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal eontrol as the trustees determine is necessary to enable the preparab'on of financial
statements that are free from material misstatement, whether due lo foud or error.
In preparing the financial statements, the trustees are responsible for assessing the Society's ability to continue
as a going concern, diselosing, as applicable, matters related to going concern and using the going concem
basis of accounting unless the trustees either intend to liquidate the Society or to cease operations, or have no
alistic altemalive bul to do so.
Page 9

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ABBEYFIELD BRISTOL AND KEYNSHAM
SOCIETY (CONTINUED)
AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl, whether due to fraud or error. and lo issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, ou￿1￿ed above, lo delect material misstalemenls in respect of irregularities,
including fraud. The extent to which our proTrdures are capable of delecling irregularities, including fraud is
detailed below..
We have considered the nature of the sector, control environment and financial procedures.,
We have considered the results of enquiries with management and trustees in relation to their own
identification and assessment of the risk of irregularities within the entity.,
We have reviewed the documentation of key processes and controls and performed walklhroughs of
transactions to confirm that the systems are operating in line with documenlalion.
As a result of these procedures, we have considered the opportunities and incentives that may exist within the
organisalion for fraud and identified the highest area of risk lo be in relation lo revenue recognition, with a
particular risk in relation lo year end cut off. In common with all audits under ISAS IUKI. We are also required lo
perform specific prO￿dureS to respond lo the risk of management override. We have also obtained
understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of
those laws and regulations that have a direct effect on the delemiination of material amounts and disclosures in
the financial stalemenls. The key laws and regulations we considered in this context included the UK Companies
Act, FRS 102 and UK lax legislation. In addition, we considered the provisions of other laws and regulations that
do not have a direct effect on the financial statements bul compliance with which may be fundamental to the
Society's ability lo operate or avoid a material penalty.
Our procedures lo respond to risks identified included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
and provisions of relevant laws and regulations described as having a direct effect on the financial
statements",
Performing analytical procedures lo identify unusual or unexpected relationships that may indicate risks of
material misstatement due to fraud.,
Reviewing board meeting minutes.,
Enquiring of management in relation to actual and potential claims or liligations.,
Performing detailed Iransaclional testing in relation lo the recognition of revenue with a particular focus
around year-end CLJI off,. and
In addressing the risk of fraud through management ovetride of controls, testing the appropriateness of
journal entries and other adjustments," assessing whether the judgements made in accounting estimates a
indicative of potential bias., and evaluating the business rationale of significant transactions that are indicative
of potential bias,. and evaluating the business rationale of significant transactions that are unusual or outside
the normal course of business.
We also communicated identified laws and regulations and potential fraud risks to all members of the
engagement team and remained alert lo possible indicators of fraud or non-compliance with laws and
regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstalemenl in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
Page 10

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ABBEYFIELD BRISTOL AND KEYNSHAM
SOCIETY (CONTINUED)
reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepre*ntation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.org.uklauditorsresponsibilities. This description forms part of our
Auditors, Report.
USE OF OUR REPORT
This report is made solely lo the Societls members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006 and section 137 of the Housing and Regeneration Act 2008. Our audit work has been
undertaken so that we might stale to the Society's members those matters we are required to stale to them in an
Auditors, Report and for no other PLJrpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the Society and the Society's members, as a body, for our audit work, for this
report, or for the opinions we have formed.
David Butler FCA DChA (Senior Ststutory Audilorl
for and on behalf of
Bishop Fleming Audit Limitod
Chartered Accountants
Statutory Auditors
10 Temple Back
Bristol
BS1 6FL
Dale.. 26th September 2025
Page11

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
STATEMENT OF COMPREHENSIVE INCOME (INCLUDING INCOME AND EXPENDITURE ACCOUNTI
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
30
31 March September
2025
2023
Note
Turnover
Operating Costs
2,765,677
1,836,569
13.106.523} 12,012,470)
Gross loss
1340,846}
9,778
1175,9011
369,431
Other operating income
Operating Iloss)Iprofit
Interest receivable and similar income
Interest payable and similar expenses
10
1331.068}
68,899
14,200)
193,530
12,704
13,2801
IDeficitllsurplus for the financial period
1266.369}
202,954
There were no recognised gains and losses for 2025 or 2023 other than those included in the statement of
comprehensive income (including income and expenditure account).
There was no other comprehensive income for 202512023'.£NILI.
The notes on pages 16 to 30 form part of these financial statements.
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ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER..00872566
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025
2023
Note
Fixed assets
Tangible assets
13
6,789,327
7,052,573
6,789,327
7,052,573
Current assets
Debtors.. amounts falling due within one year
Cash al bank and in hand
14
39.173
1,521,888
403,357
1,181,865
1,561,061
1,585,222
Creditors.. amounts falling due within one
year
15
1755,125)
1647,2101
Net current assets
805,936
938,012
Total assets less current liabilities
7,595,263
7,990,585
Creditors.. amounts falling due after more
than one year
17
12,500.3491
12,629,302)
Net assets
5,094,914
5,381,283
Capltal and resenles
Income and expenditure reserve
20
5,094.914
5,361,283
5.094,914
5,361,283
The financial statements were approved and authorised for issue by the Board and were signed on Ils behalf by..
-IKdwd
Dr H Richards
Chair of Trustees
Mr R Kinsman
Trustee
Dale..
18 September 2025
24 September 2025
The notes on pages 16 to 30 form part of these financial statements.
Page 13

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
STATEMENT OF CHANGES IN RESERVES
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
Income and
expenditure
reserve Total equity
At 1 October 2022
5,158.329
5,158,329
Comprehensive income forthe year
Surplus for the year
202.954
202,954
Total comprehensive income for the year
202,954
202,954
At 1 October 2023
5,361.283
5.361.283
Comprehensive income for the 18 month period
Deficit for the year
(266.3691
{266.3691
At 31 March 2025
5,094.914
5.094,914
The notes on pages 16 to 30 form part of these financial statements.
Page 14

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
STATEMENT OF CASH FLOWS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
2025
2023
Cash flovts from operating activities
ILossllprofit for the financial 18 month period
Adjustments for:
Depreciation of tangible assets
IProfilllloss on disposal of tangible assets
Interest paid
Interest received
DeCrea￿lIn¢reaseI in debtors
Increaselldecreasel in creditors
1266.369}
202,954
284,846
189,208
8,605
3,280
112,7041
1383,9621
142,1561
4.200
168,899}
364,184
14.354
Net cash generated from operating activities
332.316
134,7751
Cash flows from investing activities
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
Interest re￿iVed
121,824)
224
116,8161
68.899
12,704
Net cash from investing activities
47.299
14,1121
Cash flows from financing activities
Repayment of loans
Interest paid
{35,392}
14,200}
123,5961
13,2801
Net cash used in financing activities
139,592)
126,8761
Net increaselldecreasel in cash and cash equivalents
Cash and cash equivalents al beginning of 18 month period
340.023
165,7631
1,247,628
1,181,865
Cash and ¢a¥h equivalents at the end of 18 month period
1,521,888
1,181,865
Cash and cash equivalents at the end of 18 month period comprise:
Cash al bank and in hand
1,521.888
1,181,865
1,521,888
1,181,865
The notes on pages 16 to 30 form part of these financial statements.
Page 15

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
GENERAL INFORMATION
Abbeyfield Bristol and Keynsham Society is a company limited by guarantee, having no share capital, and
with solely charitable objectives. It is registered as a company in England & Wales INO. 8725661.
The Society is also registered as 8 Charity (No. 2575321 and registered with the Homes & Communities
Agency as a provider of social housing INO. H01351 as defined by the Housing and Regeneotion Act
2008.
The Society is wholly engaged in the provision of Ca￿ and housing for the elderly.
The Society conslilutes a public benefit entity as defined by FRS 102.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise
specified within these accounting policies and in accordance with Financial Reporting Standard 102,
the Financial Reporting Standard applicable in the UK and the Republic of Ireland, the Statement of
Recommended Practice ISORPI for Social Housing Providers 2018, and with the Accounting
Direction for Private Registered Providers of Social Housing in England 2022. The financial
statements are also prepared under the requirements of the Housing and Regeneration Act 2008 and
the Companies Act 2006.
The preparation of financial statements in Complian￿ with FRS 102 requires the use of ￿rtain
critical accounting eslimales. 11 also requires management lo exercise judgment in applying the
Society's accounting policies Isee note 31.
The following principal accounting policies have been applied..
2.2 GOING CONCERN
Al the balance sheet dale the Society had nel current assets of £805,936 and the Iruslees are not
aware of any indication that sufficient funds will not be available lo meet all ongoing activities of the
charity.
The financial statements have been prepared on a going GOn￿M basis, which assumes that the
company will continue in operation for the foreseeable future. This basis of accounting presumes that
the company will be able lo realise ils assets and discharge ils liabilities in the normal course of
business. The Trustees and senior leadership team have assessed the company's ability to continue
as a going concern and have concluded that there are no material uncertainties that would cast
signifi'cant doubt on the company's ability lo continue as a going concern. This assessment included
consideration of the company's current financial position, ils cash flow forecasts, and its ability lo
meet its financial obligations as they fall due. The Trustees and senior leadership team have also
reviewed the company's borrowing facilities and other SoUr￿S of finance, and are confident that the
company has sufficient resources lo continue operating for the foreseeable future.
2.3 TURNOVER
Turnover is measured at the fair value of the consideration re￿iVed or receivable. The policies
adopted for the recognition of turnover are as follows..
Turnover represents rental and Servi￿ charges income receivable in the year nel of rent and service
charge losses from voids, revenue grants from the government (local aulhoritiesl and the Homes and
Communities Agency.
Page 16

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
ACCOUNTING POLICIES ICONTINUEDI
2.4 GOVERNMENT GRANTS
Gffinls are accounted under the accruals model as permitted by FRS 102. Grants relating to
expenditure on tsngible fixed assets are credited lo profit or loss al the same rate as the depreciation
on the assets to which the grant relates. The deferred element of gonls is included in creditors as
deferred income.
Gffinls of a revenue nature are recognised in the Statement of CoMp￿henSlve Income in the same
period as the ￿lated expenditure.
2.5 TANGIBLE FIXED ASSETS
Tangible fixed assets (including social housing properties) are ststed at cost or value when gifted less
accumulated depreciation and accumulated impairment losses.
Cost includes costs directly
attributable to making the asset capable of operating as intended such as the cost of acquiring land
and buildings, development costs, interest charges on loans during the development period and
expenditure on improvements. Expenditure on improvements will only be capilalised when il results
in incremental future benefits such as increasing rentsl income, reducing maintenance costs or
resulting in a significant extension of the useful economic life of the property.
Land is not depreciated.
Depreciation is provided on all other tangible fixed assets, at rates calculated to write off the cost,
less estimated residual value, of each asset on a systematic basis over its expected useful life as
follows".
Properties".
Roofing
Windowsldoors, kitchens,
bathrooms
Lifts
Main fabric of properties
Motor vehicles
Fixtures and fi'ttings
20A per annum
50A per annum
70A per annum
1 Ok per annum
250A reducing balan￿ basis
200A reducing balan￿ basis
Housing properties under construction are not depreciated until they are in use.
Major components of housing properties, such as roofing, windowsldoors, kitchens, bathrooms and
lifts have been accounted for and depreciated separately from the connected housing property, over
their expected useful economic lives and a￿ included in social housing propety-
The useful economic lives of all tangible fixed assets are reviewed annually.
2.6 DEBTORS AND CREDITORS RECEIVABLE I PAYABLE WITHIN ONE YEAR
Debtors and creditors with no ststed interest rale and receivable or payable within one year are
recorded al transaction price. Any losses arising from impsirment are recognised in the Stslement of
Comprehensive Income in other administotive expenses.
Page 17

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
ACCOUNTING POLICIES ICONTINUEDI
2.7 PROVISIONS
Provisions are recognised when the Registered Provider IRPI has an obligation al the balance sheet
date as a result of a past event, il is probable that an oufflow of economic benefits will be reqUI￿d in
settlement and the amount can be reliably estimated.
Provisions for cyclical maintenance or major works to existing stock are not made unless they
represent commitments or obligations at the Balance Sheet dale where there is no discretion lo avoid
or delay the expenditure.
Recycled Capit81 Grants Fund
Capital gonls can be recycled under certain conditions." if a property is sold", or if another relevant
event takes place. Recycled grants can be used for projects approved by Homes England and they
are C￿dited to the Recycled Capitsl Grant Fund within liabilities.
In certain circumstances, such as the sale of housing properties, capital gonls may be repayable,
and, in that event, is subordinated to the repayment of other loans by agreement with Homes
England. 11 is accounted for as soon as the liability arises within C￿dItors". amounts falling due within
one year.
2.8 LEASES
Rentsls paid under operating leases are charged to profit or loss on a slraighl-line basis over the
lease term.
2.9 EMPLOYEE BENEFITS
The Society operates a defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable.
DEFINED CONTRIBUTION PENSION PLAN
The Society operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the Society pays fixed contributions into a separate entity. Once the
contributions have been paid the Society has no further payment obligations.
The contributions are recognised as an expense in profil or loss when they fall due. Amounts not paid
are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are
held separately from the Society in independently administered funds.
2.10 RESTRICTED RESERVES
Restricted reserves are those reserves which are only expendable in accordance with the wishes of
the funder or regulatory body. Reslricled reserves include funds raised in response to a specific
appeal. Revenue and expenditure cannot be directly set against restricted ￿serveS but is taken
through the statement of compohensive income and then a tfftnsfer to restricted reserves is made
as appropriate.
Page 18

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
ACCOUNTING POLICIES ICONTINUEDI
The Society has elected lo apply the provisions of Section 11 "Basic Financial Instruments" of FRS
102 to all of its financial instruments.
The Society has elected lo apply the recognition and measurement provisions of IFRS 9 Financial
Instruments las adopted by the UK Endorsement Board) with the disclosu￿ requirements of Sections
11 and 12 and the other presentab'on requirements of FRS 102.
Financi81 instruments are recognised in the Society's Statement of Financial Position when the
Society becomes paty to the contractual provisions of the instrument.
Financi81 assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right lo set off the recognised amounts and the￿ is an intention to
settle on a nel basis or lo ￿alise the asset and settle the liability simultsneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially
measured at their transaction pri￿ ladjusted for transaction costs except in the initial measurement
of financial assets that are subsequently measured al fair value through profil and lossl and are
subsequently Carried al their amortised cost using the effective interest method, less any provision for
impairment, unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future re￿iptS discounted al a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Society's cash and cash
equivalents, trade and most other debtors due with the opefftting cycle fall into this category of
financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as
subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the
recognised transaction price. Such assets are subsequenuy measured at fair value with the changes
in fair value being recognised in the profil or loss. Where other financial assets are not publicly
traded, hence their fair value cannot be measured reliably, they are measured al cost less
impairment.
Impairment of financial assets
Al the end of each reporting period financial assets measured al amortised cost are assessed for
objective eviden￿ of impaiment. If an asset is impaired the impairment loss is the difference
between the carrying amount and the present value of the estimated cash flows discounted al the
asset's original effective Inte￿St rate. The impaiment loss is ￿CogniSed in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the
estimated future cash flows derived from the financial assellsl have been adversely impacted. The
impairment loss will be the dIffe￿nCe between the Cur￿n1 carrying amount and the present value of
the future cash flows at the assetlsl original effective inteosl rate.
If there is a favouoble change in relation to the events surrounding the impairment loss then the
impairment can be reviewed for possible reversal. The ￿VerSal will not cause the current carrying
amount to exceed the original carrying amount had the impairment not been recognised. The
impairment reversal is recognised in the profil or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according lo the substance of the contractU81
Page 19

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
ACCOUNTING POLICIES ICONTINUEDI
FINANCIAL INSTRUMENTS ICONTINUEDI
arrangements enteod into. An equity instrument is any contract that evidences a residual interest in
the assets of the Society after the deduction of all ils liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are
initially measured at their transaction price (adjusting for transaction costs except in the initial
measurement of financial liabilities that are subsequenuy measured at fair value through profit and
lossl. When this constitutes a financing transaction, whereby the debt instrument is measured at the
present value of the future payments discounted al a market rate of interest, discounting is omitted
where the effect of discounting is immaterial.
Debt instruments are subsequently carried al their amorbsed cost using the effective interest rate
method.
T￿de C￿￿110rS are obligations to pay for goods and services that have been acquired in the ordinary
course of business from suppliers. Trade creditors are classified as current liabilities if the payment is
due within one year. If not, they represent non-current liabilities. Trade creditors are initially
recognised at their transaction price and subsequently are measured at amortised cost using the
effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not
classified as basic financial instruments. These are initially recognised at fair value on the date the
derivative contract is entered into, with costs being charged lo the profit or loss. They are
subsequently measured al fair value with changes in the profil or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are
subsequently measured al fair value through the profit or loss. This recognition and measurement
would also apply lo financial instruments where the performance is evaluated on a fair value basis as
with 8 documented risk management or investment strategy.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are
settled, or when the Society transfers the asset and substsntially all the risks and rewards of
ownership to another paty. If significant risks and rewards of ownership are retained after the
transfer to another party, then the Society will continue lo ￿cognise the value of the portion of the
risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Society's conlraclual obligations expire or are
discharged or cancelled.
Page 20

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
Estimates and judgments are continually evaluated and are based on historic experien￿ and other
factors, including expectations of future events that a￿ believed to be reasonable under the
circumstances.
The key assumptions con￿mIng the future and other key sources of estimation uncertainty at the
porting dale that have a significant risk of causing a material adjustment lo the carrying amounts of
assets and liabilities within the next financial year include the useful economic lives used by the Society in
respect of tsngible fixed assets. The related deprecistion rates used are sel out in the accounting policies,
including the rates used for major components of housing properties. These estimates are the best
estimate based on past experience of similar assets and expected performance and are regularly
viewed to ensure they remain appropriate.
TURNOVER
2025
2023
Social Housing Tumover
2.765.677
1,836,569
2,765.677
1,836,569
SOCIAL HOUSING TURNOVER AND COSTS
2025
2023
Gross social housing rent
Voids
Resident subsidies
Other income from residents
3.689.814
1999.283}
{26,403}
7,931
2,220,069
1433,2011
117,4091
4,739
Net rent receivable
2.672.059
1,774, 198
Capitsl grant income (through accruals modell
93.618
62,371
Turnover
2,765.677
1,836,569
Social house activity expenditure
13.106.523} 12,012,470)
Net Ideflcltllsurplus from soclal houslng actlvltles
1340,846}
1175,9011
Page 21

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
ACCOMMODATION UNITS
The Society owned the following bed spaces available for occupation and in development."
2025
No
2023
No
Social Housing Lettings
Supported sheltered
76
76
OTHER OPERATING INCOME
30
31 March September
2025
2023
Donations
Legacies receivable
Sundry income
Profiullossl on disposal of tangible assets
1,061
3,742
374,209
85
18,6051
8.691
26
9,778
369,431
INTEREST RECEIVABLE
30
31 March September
2025
2023
Bank interest receivable
68.899
12,704
68.899
12,704
INTEREST PAYABLE AND SIMILAR EXPENSES
30
31 Marth September
2025
2023
Bank interest payable
4,200
3,280
4,200
3,280
Page 22

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
10. DEFICIT ON ORDINARY ACTIVITIES
The deficit on ordinary activities is staled after charging".
30
31 March September
2025
2023
Depreciation of tangible fixed assets
Operating lease rentals
284,846
14.750
189,208
18,082
11. AUDITORS. REMUNERATION
During the 18 month period, the Society obtained the following seNices from the Society's auditors..
30
31 March September
2025
2023
Fees payable lo the Society's auditors for the audit of the Societys financial
statements
16.500
15,600
Page 23

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
12. STAFF COSTS AND BOARD AND KEY MANAGEMENT PERSONNEL REMUNERATION
The average number of employees, including members of the executive team, calculated on a full time
equivalent basis was 32 employees12023." 271. The average headcounl was 5512023." 551.
There was one 12023". 11 employee who received employee benefits exceeding £60,000 (excluding
employers pension contribulionsl.
The Chief Executive is an ordinary member of the Society's defined contribution pension scheme.
Key management personnel comprise the Chief Executive, Operations Lead and house managers. The
total remuneration (including employers pension and national insurance conlributionsl for key
management personnel amounted lo £332,718 for the 18 month period12023". £178,979 for the 12 month
periodl.
The highest paid director, as defined in the Accounting Direction 2022, received £108,687 for the 18
month period 12023. £67,088 for the 12 month period) remuneration (excluding employer pension
conlributionsl. No other directors received remuneration during the year.
During the year, no remuneration was paid lo Trustees.
Expenses paid to Trustees of the Society amounted to £Nil12023". £Nill.
30
31 March September
2025
2023
Wages and salaries
Social security costs
Pension costs
1,516.375
114,328
56,809
961,466
65,546
38,649
1.687.512
1,065,661
Page 24

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
13. TANGIBLE FIXED ASSETS
Freehold
property
Motor Fixtures and
vehicles
fittings
Total
COST OR VALUATION
At 1 April 2024
Additions
Disposals
9.297.746
23.156
14.790
11,400}
324.060
7.034
9.644,962
21,824
11,4001
At 31 March 2025
9.297,746
36,546
331.094
9,665,386
DEPRECIATION
At 1 April 2024
Charge for the 18 month period on owned
assets
2.309A28
18.133
264.828
2.592.389
264,528
1.884
11,176}
18.434
284,846
11,1761
Disposals
At 31 March 2025
2.573,956
18,841
283.262
2,876,059
NET BOOK VALUE
At 31 March 2025
6,723,790
17,705
47,832
6,789,327
At 30 September 2023
6,988,318
5,023
59,232
7,052,573
The net book value of18nd and buildings may be further 8nalysed as follows".
2025
2023
Freehold
6,723,790
6,988,318
6,723,790
8,988,318
Page 25

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
14. DEBTORS
2025
2023
Trade debtors
Other debtors
Prepayments and accrued income
5.559
265
33,349
4,919
265
398,173
39.173
403,357
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2023
Bank loans
Trade creditors
Other taxation and soci81 security
Other creditors
Accruals and deferred income
23.596
93,554
17,974
462.740
157.261
23,593
45,959
35,391
460,895
81,372
755,125
647,210
RECYCLABLE CAPITAL GRANT FUND
2025
2023
Opening balance
Grants becoming recyclable in the year
441.683
441,683
441,683
441,683
Home Farm Way was disposed of in July 2022. The Society has received permission in principle from
Homes England that the grant can be recycled, however not for refurbishment works as originally
planned. Instead the Society now plans to buy a new property.
Page 26

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2023
Bank loans
Other creditors
35,395
2,593,907
2.500.349
Balance at Period End
2,500,349
2,629,302
2025
2023
Deferred grant income
Balance al 1 October
Amortisation charged
AmortlS8tion written back on recyeled grant
Grants recycled
2.593.907
193,558}
2,656,278
162,3711
Balance at Period End
2,500,349
2,593,907
Page 27

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
18. LOANS
Analysis of the malurily of loans is given below".
2025
2023
AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans
23,596
23,593
23,596
23,593
AMOUNTS FALLING DUE 1-2 YEARS
Bank loans
23,595
23,595
AMOUNTS FALLING DUE 24 YEARS
Bank loans
11,800
11,800
23.596
58,988
Secured loans
A Treasury Loan was granted by Barclays Bank for a 25 year term from February 2002, with interest
charged at 1.50/0 above LIBOR. The amount outstanding at 31 March 2025 was £23,596 12024."
£58,9881- Barelays Bank has charges over properties 43, 45, 47 and 49 Westbury Road, Bristol.
Page 28

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
19. FINANCIAL INSTRUMENTS
2025
2023
FINANCIAL ASSETS
Financial assets measured at fair value through profit or loss
Financial assets that are debt instruments measured al amortised cost
1,521,888
5,824
1,181,865
379,393
1.527.712
1,561,258
FINANCIAL LIABILITIES
Financial liabilities measured at amortised cost
13,228,141} 13,231,996)
Financial assets measured at al amortised cost comprise trade debtors, other debtors and cash.
Financial liabilities measured at amortised cost comprise trade creditors, accruals and loans.
20. RESERVES
Other reserves
The Income and Expenditure reserve includes all current and prior period retained surpluses and deficits.
21. COMPANY STATUS
The Society is a company limited by guarantee. The liability of each of the members is limited to £1. At
the year end there were 5 members12023- 5 members).
22. PENSIONS AND OTHER POST-RETIREMENT BENEFITS
The Society operates a defined contribution pension plan for ils employees. The amount recognised as an
expense in the period was £56,80912023- £38,649). Outstanding contributions at the year end comprised
£9,35912023- £9,126).
23. COMMITMENTS UNDER OPERATING LEASES
At 31 March 2025 the Society had future minimum lease payments due under nOn-¢an￿lIable operating
leases for each of the following periods..
2025
2023
Not later than 1 year
Later than 1 year and not later than 5 years
1,582
2,670
13,957
2,919
4.252
16,876
Page 29

ABBEYFIELD BRISTOL AND KEYNSHAM SOCIETY
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 MARCH 2025
24. RELATED PARTY TRANSACTIONS
During the period ended 31 March 2025, the Society did not enter into any related paty transactions.
Page 30