COMPANY REGISTRATION NUMBER: 00935713
CHARITY REGISTRATION NUIABER: 257620
The Abbeyfield Honiton Society Limited
Company Limited by Guarantee
Financial Statements
31 March 2023

The Abbeyfield Honiton Society Limited
Company Llmited by Guarantee
Flnancial Slatements
Year ended 31 March 2023
Page
Trustees, annual report (incorporaling the directorfs report)
Independent audito¢s report to the members
Stalement of financial aclivities (including in￿rne and
expenditure account)
Statement of financial position
12
13
Notes to the financial statements
14

The Abbeyfield Honiton Soclety Limited
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Dlrectorfs Report)
Year ended 31 March 2023
The Iwsiees, who are also the directors for the purposes of c¥)mpany law, presenl their report aThJ the
ffnanaal statements of the chartty lor the year end￿1 31 March 2023.
Referenco and admlnlslrnllve detsllg
Registered charlty name
The Abbeyfiekl Honf(on Society Limlted
Chafity ragislration number 257620
Company reglslration number 00935713
Prlncipal offlce and rggist•r8d Stanhope House
office
36 High Street
Honiton
EX14 1PJ
The Irustees
.C Cox
G Cumming
H Simon
l Fool
J Beck
K B￿den
M Jdly
P Ireton
S Rcthrts
C Knee
C Irelon
C Whitlfxk
{Appoint&J 30 November 20221
{Appointed 30 November 20221
(Appointed 30 November 20221
IAppoinled 30 November 20221
IAppointed 30 November 20221
{Resigned 17 July 20231
(Resigned 30 November 20221
{Resigned 1 June 20221
{Appoinled 30 November 20221
1Restgn￿l 30 November 20221
(Appoinled 30 November 20221
Auditor
Stuart Carrington FCA
Weslcotts ISWI LLP
Chartered A￿oUntants
Timberly
South Streel
Axminster
Devon
England
EX13 SAD

The Abbeyfield Honiton Soclety Limiied
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Direcior's Report) (¢￿I￿t￿l)
Year ended 31 March 2023
Structure, govemance and management
Constitution
The Abbeylield Hor7iton Society ￿mIted is a regislered Charty which was originally established by
constitution dated 19th July 1968. The most recenl amernlmenls to the Articles ol Association were on
1 sl April 2023.
Organisation
The Society is run by the Execthwe Board. The Executwe Committee meets regular￿ lo discuss and
manage the daily operation ol the thiety. The Treasurer presents a rewrt al each meeting. selting
out Ihe year lo (late irKX)me and expenditure in comparison wtth the previous year and Klenlifies any
unexpected anticipated budget pressures and plans lo aw)mmodale these.
A significant change in our Structure occurred during the course of this year wf(h the merger ol Colyton
and Honilon Abbeyfiekl scKielies. The current board ol trustees of Colylon were joined by lan and
Mark from Hontton and this bJaTd now runs bcrth societies. The change in slructvre has ¢realed a new
Tole of Chief Executive Officer responsible for overs￿1ng t)olh houses and reporting to the lJ)ard ol
Iruslees. This iole has been taken on by Graham Jenkins who has lengthy experience with Abbeyfield
and has proven enthusiasm for its core values.
The two societies have been run efficiently and eflectively during the year thanks lo the hard work and
loyalty ol the staff teams and commitment. th'lls and exFerience ol our Trustees and local supporters.
We welcomed a new administrator Anna lo our leam this year. Wilh Ihe merger ol Colylon arKI
Honiton Anna is already proving lo be an essential part of the team arKI provides valuable support to
Graham and the house managers.
Risk managefflenl
The Executive Committee examines the major sirat￿lc, I￿sineSS and operational risks which the
Society laces and approves an annual risk management plan which confimis that systems are in pla
lo prevenl or mitigate key areas of These include Govemance. Finance. Health and Safety and
Sialfing. The Finance Committee meets at key stages of the financial year 10 review the Society's
income and expenditure. lo prepare a detailed l￿dget for the future year and lo prepare
recommendations for any lee arKI salary increases to tE ratified by Ihe Board.
Oblectlves and activilie5
- To provide shettered housing with on-srte supwt to enable okler people from diverse bad(grounds
to continue to live irKJependenlly for as as kX)ssible.
- To promote engagement and inv(Avement wilh local communty ol which Abbgyliekl Honiton is an
integral part.
To foster the wsitive asp%ct of commvnal life wiihin the house - combating loneliness encouragirKJ
social contact and promolillg Ihe physical. social emotional well-being ot resthnls.

The Abbeyfield Honiton Society Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report) (¢ortthiwd)
Year ended 31 March 2023
A¢hlevements and perfornmnce
During the year 22-23 y￿ have welcom&J 6 new resKlents al Honiton. Occupancy at Honilon is full
and there is a waf(ing list shoukl any further Vacanc￿ becorne avatlable. The oflice al Colyton is now
the base for our administrator and CEO to Tun the Iwo houses, we are noticing an increase in the
administrative burden and expect this to increase so having thts dedicat&J space is a real asset. The
offits is also put to good use for staff twning arKI for the East Devon Abbeyfieid Chairs meetings
osted by our membership corwltanl Paul Boull.
Stafling has proved to be challenging and I woubj like to ac*nowledge the overtime pul in by senior
staff lo ensure our kf(¢hen is ahways open and our high standards of cleaning have been maintained.
Our House Manager at Honiton resIgr￿1 during ihig year and we have recruited a new manager from
within our team. Penny has taken over the role as House Manager at Honilon and is settling in well to
the role. Recrurtment of new staff was undertaken arKi a new part-lirne cook has been added lo our
team and another as "bank staff.. Our staff continue to organise a range of actlvilies and
entertainrnents including films. qui2ze& and wb evenings.
Honiton Voluntee￿ hold a collee morning every We(Inesday. Day trips have been organised lo Exeter,
Shert(Jrne and the WestF(sint Xmas Fayre using TRIP community transwrt. Residents enjoyed
Hontton carnival wf(h hot dogs and wi￿. Highlighi ol year was the Christmas meal at The Belmont
Holel that was enjoyed by residents. staff and volunteers.
We have created our own professtonal websrfe wrfh ihe help a local expert. The board feels il is
important to embrace SOCI￿ media and is looknng * ways to improve tts weserbce.
Abbeylield Colyton & Hontton - involvement in the wider Abteyfield movement
The Chairman ol Trustees of the Honrton kniety aL￿ attends the wder area group ol membership
societies comprising societies in the East Devon are& Thk8 foNm is a useful place to share our
experiences, both positwe and problematic and work together lo find solutions ar￿ to maintain I
servi￿$ that we provide. unfortunate￿ Lyme Regis Abbeyfield house has closed this year. Hontton
Sociely has now merged with Colyton kniety so that ￿lY leaves 3 Societ￿ in the East Devon area.
As a Board we can see advantages 9ing foThvard of smallei houses Working together and enjoying
the benefits of sharing the administiative burden and the purchasing benefits. Nationally, Abbeyfield
has reviewed r(s set up and direction and discussions are ongoing. An Abbeyfield world council has
been created and under that umbrella rt divKle(l inlo At￿)eYf￿10 groups represenlalNe ol the country
in which they are based. At the present time we our now members of the new Abbeyfield EnglaTrJ
group and the stru¢ture and role of this tK)ard is being lindised during the current year. 11 will tse
important lo engage with this process to ensure that we have inwrt into the decisions being made.

The Abbeyfield Honiton Society Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conlhuedj
Year ended 31 March 2023
Summary
When reflecting on the year 2022-23 the new challenge of the merger of Colyton a￿1 Honrton
societies has provided the biggest change and one we hope goes towards protecting the lulure ol both
societies - together we are stronger. We are VERY grateful to everyone who contributes so cheerfully
and tirelessly lo making Stanhope House a very special place for those who live here, work here and
volunteer. Thank you all so much.
Financial review
The financial results for the year are sel out in the Income aTrJ ExperKIitU￿ Account and the position
al the end of the year is shown in the Balance Sheel. Thanks are due lo our Treasurer, Graham
Cumming, for his professional leadership in this area. We are commrtted to continually investing in our
properties lo ensure the highest standards are maintained and maintenance is carried oul in a timety
manner. With this in mind. internal aheralions at Honiton have enab￿ a new dining area lo be
created and the socia] area has been increased. Both areas have been redecoraled and equipped
with new lurnrture. Plans we in place lo add private shower room tacilrties lo two rooms and 10
improve the appearance ol the outside of the building.
With forward planning ol anticipat￿ expeThJiture arKI close monitoring of ex￿er￿lture patterns and
operating costs, the Board has recommended a P/0 increase in fees for residents from April 1 $12022.
This increase was felt lo be necessary in light of the eX￿ted rise in inflation and fuel costs this year.
Staff salaries and wages were increawl by 5%.
Total income for the year iT￿reaSed to £194.155 {2022= £124.8831. Ex￿Tr￿lIUre also increased from
£151,198 to £175,170. This year there was an overall suwus pl £18,98512022= loss of £26.3151.
All funds are for unrestricted purposes, total funds St￿￿1 at £797,484 as al 31 March 2023 12022..
£778,4991- Net current assets increased from £159.137 10 £165,224 by the end of the 22123 financial
year.
Plans for lulU￿ periods
The Trustees and House Committee are committed to maintaining a high standard ol repairs and
maintenance lo ensure the well-being arKI heallh and safety of residerrts. There is adequate provisDn
in the budget to refurbish apartments to a high standard whenever there are changes in occupancy. At
Honilon we have pi*1 in in planning permission lor a revarnp of the external appearance of the propety
and are reviewing the Fossibiltty ol garden improvements and a(kling an extra room.
Events after the end ol the reporting perlod
Particulars of events after the reporting date are detailed in note 22 to the tinancial statemerrts.

The Abbeyfield Honlton Society Limited
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report) (conthwd)
Year ended 31 March 2023
Trustees. responsibllities statement
The Iruslees. who are also directors for the purKX)ses ol company law, are ￿sponSible lor preparing
the trustees. report and the financi￿ slatemenls in ac￿rdanCe with applicable law and United
Kingdom Accounting Standards {Unlted Kingdom Generally Accepted Accounting Practice).
Company law requires the charity tru*ees to prepare statements lor each year which give a
true and fair view of the stale of affars ol the charitable company and ihe incoming resources and
apF4ication of resources. including the income and experKltture. for that pericrtl.
In preparing these financial statements. the truslees are required to:
sèlect suitable accourrting policies and then appty Ihem consi8tenity'
observe the methods a￿1 priwpl8S in the aFiJficable Charrties SORP.
make judgments and a(￿ountIng estimates Ihat are reasonable and prudent;
prepare the linancid stalemenls on the going concern basis unless r( is inappropriate to presume
that the chartty will continue in business.
The INstees are resF)onsible for keepiro adg]uate acc4xJnliw records that are sufficienl to show and
explain the charitys transactions and disdose wtih reasonable accuracy * any time the financial
posf(ion ol the charity and enable them to ensure that the financial statements compty with the
Companies Act 2006. They are ￿50 reswnsible for saleguarding the assets of the charity and hence
lor taking reasonable steps for the preventK)n and deteCt￿)n of fraud and olher irregularities.
Audllor
Each of the persons who is a tNstee at the date of apwova] of this reporl confirn￿ thal:
$0 far as they are aware. there is no relevant audFt infomiation of which the charity's auditor is
unaware" and
they have taken all steps that they ought to have taken as a trustee to make themsefvés awa￿ of
any relevanl audit Infomation ar￿ to est￿lsh th* the charitvs auditor is aware of that
information.
Small company provislons
This rewrt has teen prepared in accordance wilh the provisions appl￿ lo ￿MpanIeS enlitled lo
the small companies exemption.

The Abbeyfield Honiton Society Limiled
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrectorfs Report) (conithtxdj
Year ended 31 March 2023
The trustees. annu￿ report was aFvoved on ....
tnjslees by-
. SIg￿d on t￿hall of the tsoard of
G Cumming
TreasLJrer
K Buchkn
Chairman

The Abbeyfleld Honiton Soclety Llmited
Company Llmlted by Guaranlee
Independent Audltorfs Report to the Members of The Abbeyfield Honiton
Society Limited
Year ended 31 March 2023
Opinlon
We have audiled the financid slatements of The Abbeffjeld Honrton Scaety Limited (the 'charrty'l for
the year ended 31 March 2023 which comprise slatement of tinancial activtties (including income
and expendrture atC(MJntl, statement ol financi￿ position and the related noles, including a surnmary
of significant accounting wlicies. The financial reporting framework Ihal has been applied in their
preparation is applicable law aTK£ United KiNJdcxn Accounting StarKlards. includiro FRS 102 The
Financiat Reporting StarKlard appI￿ab￿ in the UK and ReWbI￿ of Ireland {Unf(ed Kingdom Generally
Accepted Accounting Practice)-
In our oplnion the financial statements-
give a true and lair view of the state of the charity's affairs as al 31 March 2023 and of ils
incoming resour¢xs aThJ applicalkjn of tesources. including rts income aNJ expenditure, for the
year then ended.,
have been property prepared in accordarKe wilh Unf(ed Kingdom Generally Accepted
Accounting Practice.
have been prepared in accordan￿ wlth the rg]uirements of the Companies AL* 2006.
Basis tor opinion
We conducted our audil in accordance wilh Intemational Star¥Jards on Auditing IUKI {ISAs {UKII and
applicable law. Our respon&bilities ur)der those standards are further described in the auditorfs
responsibiltties for the audrt of the financial statements section of our reFK)rt. We are independent of
the eharily in accordance with the ethical requiiemenls that are relevant lo our audit of the financial
statements in the UK. including ihe FRC'5 Ethical Slandard, and we have fulfilled our other ethical
responsibilities in accordance with Ihese requirements. We believe that the audit ev￿enCe we have
obtained is SUff￿lent and approprtate to provide a basis lor our opinion.
Con¢luslons relatlng to going concem
In audlting the linanciJ statements. we have corcluded that the trustees, use d the going Concern
basL8 of accounting in the preparation of the financaal slatemenls aF)proprtate.
Based on the work we have pwf0m1￿I. we have not KlentifiÈg any material Un￿rtaInlieS relating to
events or conditions that, individualty or colleclivety. may cast siqnrficarn doubt on the charlty's abilty
lo continue as a going concein for a FerioKI of at least twejve months from when the financial
statements are authorised for issue.
Our responsibilities and the resp)nsibilities ot the trustees with respect to going con¢em are described
in the relevant sections of this re￿rt.
Emphasls of matter
The correspondirKJ figures lor the year to 31 M￿h 2022 have not been audited.

The Abbeyfield Honiton Soclely Limited
Company Llmited by Guarantee
Independenl Audilor's Report io the Members of The Abbeyfleld Honilon
Soclety Llmited (cwllmied)
Year ended 31 March 2023
Other informalion
The other information comprises the informalion ircluded in the annual re￿rt, (rthor than the financial
slalemenls ar￿ our auditor's report Ihereon. The trustees are responsible lor the other information.
Our opinion on the financial slalements does not cover the other informatKJn aThJ, except lo the exlenl
otherwise explicitly slated in our report. we do not express any lomi of assurance conclusion Ihereon.
In connection wtth our audit ol the financial slatemenls, our resFonsibility is lo read the other
information and, in doing so. consider whelher the other information is malerially inconsistent with the
financial statements or our knowledge obtained in audil or otherwise appears lo be materially
misslated. 11 we identify such material inconsistencies or aFparenl material misslalernenls, we are
required lo determine whether there is a material fflisslatement in the financial statements or a
material misslalemenl of the other infomialion. If, bas￿ on the woth we have performed, we conclude
that there is a material rnisstatement ol this other inlomiation. we are required lo report that fact.
We havg nothifVJ lo report in this regard.
Oplnlon$ on other matters prescrlbed by the Companies Acl 2006
In our opinion, based on the work undertaken in the cwrseof the audil:
the information grven in the trustees. rewrt for finan￿al year for which the financial
statements are prepared is consistent wrth the financi81 statements: aNJ
the trustees. report has been yepared in att0rda￿e wfÉh appI￿able legal requirements.
Matters on which we are rnquired to report by exception
In the light ol the knovAe(kJe and U￿lerStandIng of the chwity and r(s environment obtained in the
course ol the audr(. we have not identified malerial Mi￿atementS in the trustees, rewrt.
We have nolhing lo report in respect of the following m*lers in relation to which the Companies Act
2006 requires us lo report to you il. in our opinKJn:
adequate accounting records have not been kept. or returns ￿uate for our audit have not
been received from branches nol vistted by us" or
the financial slatements are not in agreement wilh the accounlirKJ records a￿1 returns,. or
certain disclosures of ITvslees' remuneration S￿￿tled by law are nol made. or
we have not receNed all the information and explanat#)ns we require for our audit. or
the truslees were not entr(led io take advantage of the small ￿mpanieS, exemptions in Preparing
the directors, reFY)rt and from the requiremenl lo prepare a strategic ieFX)rt.

The Abbeyfield Honlton Soclety Limited
Company Llmlted by Guaranlee
Independent Auditorfs Report to the Members of The Abbeyfield Honiton
Soclety Llmlted
Year ended 31 March 2023
ResponslbSlltles of trustees
As explaSned more fully in the truslees, respongb¢if(ies slatement, the trustees (who are also the
diredors for the purposes ol company law) are rwM)nsitAe for the preparation ol the financial
statements and for being salislied ihat they give a tnje and fair view, lor such inlemal control as
the trustees detemine is n￿ssary to enable the preparation ol linan¢ial statements that are free
trom material misstatement, whetheT due to Iraud or error.
In preparing the finan¢lal slatements. the trustees are resFonsible for assessing the charity's ability to
Continue as a goirKJ cOn￿M. disdosing. as applicable, matters related to going concern and usirvJ the
going concern basis of accounting unless the trustees etther intend to liquidate the charity or lo cease
operations. or have no realBtic aliemative to do so.
Audltor's responsibiltties for the audil of the finan¢ial slatements
Our objectrves are to obtain reaSon￿e assurance atmxrt wheEtrw thg financial statements as a whole
are free from material missL*emenl. whether due lo fraud or error, and to issue an audrtor's report that
includes our opinion. Fleasonable aSSUrar￿ is a hMJh level of assurance. bul is ￿t a guarantee that
an audit conducted in accordance with ISAS IUK} will always detect a rnalerial misstatement when ((
exists. Misstatements can arise from fraud or error arKI are considered material rf, individually or in the
aggregate, they could r8asonably be eX￿ted to influence the economic decisions ot users taken on
the basis of these financial statements.
Irregularilies, incliKling fraud. are instarw of n0rrfompllan￿ wf(h laws and regulations. We design
proceduies in line our responsibilities, Outlin￿ above, to detect material misslalements in respect
of irregularities, including fraud. The extent to which our procedures are c2pable of detecting
irregularities, indLtding fraud is det￿led below..
We identified areas ol laws arKI regulatr(ms that coukj reasonabty be expected to have a material
effect on the financial slalements from our general commercial and secloi experience and throug
discussion with the twstees and other management. We communicated identifi￿￿ laws and
regulations throughout our team, and remain￿ alert lo any iThJications ol non-compliance throughout
the audit.
The chaiily ts subject lo laws and regulations that govern the preparatioll of the financial statements,
including linanaal reporting legislalion. and other charities legislation. The ¢harty i% also subject to
other laws and regulations where the consequen￿5 of non-compliance could have a material impact
on the amounls Of disdosures within Ihe financk41 st*emenls. indudiro anti-bribery, anti-money
laundering and Certain a8pects of chartties ￿ls1alK)n.
Owing to the inherent limf(ations of an audtl, there i8 an unavoidable risk that we may nol have
detected some material misslatements in the linancid slatements, even ihough we have properly
planned and performed our audit in a(zordan¢e vAth audf(ing standards. In any audst. there remains
a h￿Jher risk ol non-detectlon of irregulwilies. as these may involve (X*llusion, forgery, intentional
omissions. mlsrepresental￿ns, or the override of Intern￿ controls. We are not responsible for
preventing non-compliance and canmt be eX[￿ted to det￿1 non-compliaru V￿th all laws and
regulations.

The Abbeyfield Honiton Society Limited
Company Limited by Guaranlee
Independent Auditor's Report to the Members of The Abbeyfield Honilon
Society Limited let￿tInued)
Year ended 31 March 2023
As part ol an audrt in accordan￿ wilh ISAS (U￿. ￿ exercise professional judgment and maintain
professional Scepti￿s￿ Ihroughout the audtt. We dso..
Identify aThJ asses5 the risks ol material misstatement of the financid stalemenls, whether due to
fraud or error, design aThJ perform audit procedures resFK)nsNe to those risks, and obtain audit
evidence that is sufficient and aFvopriale lo provKle a basis lor our opinion. The risk ol not
delecling a material misstatement resulting from fraud is higher than lor one resulting from error,
as fraud may involve collusion, forgery, lntentKjn￿ omi&8ions, misrepresentations. or the overrKle
ol intemal control.
Obtain an understarKling of intemal control relevant to the audil in order to design audit
procedures that are appropriate in the circumstan￿. bjt ￿1 for the purFose of expressing an
opinion on the effeclrveness of the intemal C(￿r(l.
Evalvate the approprialeness of accourrting wlicies used arKI the reasonableness ol accountiThJ
estimales and related disclosu￿$ made by the trustees.
Conclude on the appropriatene&s of the trustees. use ol the going concern basis of accounliThJ
and, based on the audit evidence Obt￿ned. whether a material uncertainty exists related lo
events or conditions that may cast signilicant doubt on the charity's ability lo continue as a going
concern. 11 we concl￿& that a material uncertainty exists. we are Tequired lo draw attentK)n in
our auditor's report lo the related disck)sures in Ihe linan¢id slalements or, il such disclosures
are inadequate, lo modfy our opinion. Our Co[￿lUSIonS are based on the audit evidence obtained
up lo the dale ol our auditorfs reKKsrt. However. future events 01 condttions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentation. structure and o)ntent of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
everrts in a manner that achieves fair presentation.
10

The Abbeyfield Honiton Society Llmlted
Company Llmited by Guarantee
Independent Auditor's Report to the Members of The Abbeylleld Honiton
Soclety Limited (condni*)
Year ended 31 March 2(r23
We communicate with those charged with g0Veman￿ regarding, among other matters. the planned
scope and liming ol the audit and svJnificanl awlit lindings, including any significant deficiencies in
inlernal control that we idenirfy during ￿r aud
Use of our report
This report is made solely lo the chartws members. as a tKxly, in aixordance with Chapter 3 of Part
16 of the Companies Acl 2006. Our awlr( WO￿ has been utKlertaken so that we might state lo the
charivs members those matters we are requiied to state to ihem in an auditor's report and for no
olhei purpose. To the fullest extent pem)itted by law. we do not accept or assume responsibility to
anyone other than the chanty and the ch￿S mwnlHs as a bc¥Jy. for our audr( worK for this report,
or for th8 opinions we have lomied.
Stuart Carrington FCA
For and on behalf of
Westcotts ISW) LLP
Chartered Accountants
Timberty
South Street
Axminster
Devon
England
EX13 SAD
11

The Abbeyfield Honiton Society Limited
Company Limited by Guarantee
Statemenl of Financial Actlvltles
(including income and expenditure account)
Year ended 31 March 2023
2023
Unrestricled
funds Total funds Total funds
2022
Note
Income and endowments
Donations and legacie5
Charitable activities
Investment income
36,000
156.592
1,563
36.000
156,592
1.563
124,138
745
Total Income
194,155
194,155
124,883
Expenditure
Expenditure on charitable activf(ies
Total expenditure
175.170
175.170
151.198
151.198
175,170
175.170
Net in¢omel(expenditure) arml net movement In lunds
18,985
18,985
126,3151
Re¢on¢iliation ol funds
Total funds brought forward as previousty rep)rted
Prior year adjustment
Tolal lurKls brought forward as iestaled
Total funds carried forward
790,025
111,5261
778.499
790.025
{11.5261
778,499
804,814
804,814
778,499
797.484
797,484
The slatement of fina￿la1 activftie5 irtludes all gains and klsses reccrfJnised in the year.
All income atyl expenditure deTive from continuing aclNities.
The notes t)n rAg8s 14 to 21 forni wl of Ihege lingn¢l•l statement&
12

The Abbeyfield Honiton Society Limited
Company Llmlted by Guarantee
Statement of Financial Poslilon
31 March 2023
2023
2022
Fixed assets
Taroible lixed assets
15
632.260
619,362
Current assets
Debtors
Cash at bank aNJ in hand
16
4.599
167.383
2.026
165,745
171.982
167,771
Creditors: amounts talling due within one year
Net curTOnt assels
17
6.758
8,634
165,224
797,484
797,484
159,137
Total assets less currenl Ilablliiles
778,499
778,499
Net assets
Funds of the charlty
Unrestricted funds-.
Revaluation reserve
Other unreslricted income fufKIs
175.000
175,000
603,499
778,499
Total unrestricled funds
797.484
797.484
Total charity funds
19
778,499
These financial statements have been prepared in actordarte with Ihe provisions applicable to
compantes subject to the small companies. Tegime.
These financial statements were approved by the ￿ard ol Inl￿ee$ arKI authorised for Issue on
15.1.g¢il. t3 , and are signed on betAII of the trx)ard by:
G Cumming
Treasurer
K Buckjen
Chairman
The not¢s on pges 14 to 21 fonn part of these linanelal ststement
13

The Abbeyfield Honiton Society Limited
Company Llmiled by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General inlormation
The charity is a public benefrt entity and a private C￿panY limited by guarantee, registered in
England and Wales and a registered charity in England arKI Wales. The address of Ihe
registergj offi￿ is Stanhope House. 36 High Street. Honiton. Devon, EX14 1 PJ.
ststement ol compliance
These financial stalemenls have been prepare(J in (x)MplIan￿ with FRS 102. The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement ol
Flecommended Practice applicthe to charilies preparing their accounts in accordance wtlh the
Firtancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Char1t￿S
SORP IFRS 10211 arKI the Companies Act 2(Xl6.
Accountlng pollcles
Basls of preparatlon
The financial statements have been $xepa￿l on the histo￿al cosl basis. as modified by the
revaluation ol certain fina￿la1 assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial slatemenls are prepar￿ in sterling, which is the functional currency ol the entity.
Going con¢em
There are no material Uncert￿ntIeS atrt)ut the charitys abilty to continue.
Disclosure exemptions
The enlily salislies Ihe criteria ol being a small company as defined in FRS 102. As such,
advantage has been taken ol the lollowiNJ disclosure exemptK)ns available..
lal No cash flow statement has been presented for the company.
Fund Accounting
Unrestricted fuTKls are av&lable for use at the discretion of the trustees to further any of the
Cha￿ty's PUTposes.
Designated funds are unrestrrted lunds eamiarked by the trustees for particular future project or
comrnilment.
Restricted fuThls are SULY￿ted to restrictions on thar expeNliture declared by the donor or
through the terms of an apped, and tall into one of sub-classes: restricted income funds or
endowment funds.
14

The Abbeyfield Honiton Society Limited
Company Llmlted by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
A¢¢ounting policies fconknwd)
Incomlng resourceg
All incoming resources are included in the statemerrt of financid actrvities when entitlement has
passed lo the charity.. it is probable that th& economic benefrts associated with the transaction
will flow to the charity and the amount can reliably measur￿. The following specific policies
are a￿)1￿ to particular categories of in￿me.
income from donations or grants is recognised Wh￿ there is evidence of entitlement lo the
gift. receipt Is probable and its amount can be measuraj reliabty.
legacy income ￿ rec¥Jgnised when receipt ￿ {￿able enttllement i8 established.
income from donated gcths is measured at the fair ¥￿ue ol the gcfvjds unless this Is
impractical lo measure reliably, in which case the value is derNed from the cost to the donor
or the eslimaled resale value. Donated facilities and seNices are r￿Ognised in the
accounts when recewed if the vdue can be reliabty measured. No amounts are included tor
the contributKJn of general volunkeers.
i1￿me from contracts for the suppty of seMce5 is re¢ogni5ed with Ihe delivery ol the
contracted seNice. This is classilied as unrestr￿ed lunts unless there is a corrtractual
requirement for r( to be spent on a partiojlar PUfFose ￿ returned rf unspent, in which case
it may be regarded as restrided.
Resources expanded
Expenditure is recognised on an a¢cru￿S basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is dassified under headings ol the statement ol
financial aclivsties to which il relates-
exFenditure on rwsing furxts indudes the costs cl all fundraising activities, 8V8nls,
non-charitable trading activiti&s. and the sale of donated gCh￿S.
eX￿ndItUre on charitable actNrties includes costs incurred by a charity in undertaking
activities that further Its ¢haritable alms lor the bonefit of ils benefi¢iaries, including those
support costs and costs relating lo the govemance of the charity apportioned lo charitable
activrttes.
other expenditure indudes atl expenditure that is neither related lo raising funds for the
charrty nor part of its expendrture on charitable ac1t￿lieS.
All costs are allocated to expenditure categories refl￿tINj the use ot the resource. Direct costs
athibutable to a single actNity are all(￿at&￿ directly to that aclNty. Shared costs are apportioned
be￿een the activities they contrtlxjle io on a reasonable, justifiable and consislenl basis.
15

The Abbeyfield Honiton Society Limited
Company Limlted by Guarantee
Notes to the Flnanclal Statements
Year ended 31 March 2023
Aeeounting polldes (co￿1n￿a}
Flnanclal instrumth
A financlal asset or a financial liability is recogni￿1 only when Ihg entlty becomes a paty lo the
contractual provisK*ns of the instrument.
Basic financial instruments are inrtially recognised at the amounl recesvable or payable including
any related transaction costs, unless the arrangement constttutes a financing transaction, where
it is iecognised at the present v￿ve of the luiure payments discounted at a market rale of
int8rest lor a similar debt instrument.
Current assets and ￿rrent lithlities are subsequenuy measurwj al the cash or other
consideration expect&J to be paid or received and not discounted.
Defined contribution plans
Contributions to deflned contribution plans are recognised as an expense in the period in which
the related seNice is prOv￿ed. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduCt￿n in future payments or a refund.
When contributions are nol expected to be Settl￿ wholty within 12 months of the end of the
reporting date in which the employees render the relal&J service, the liability 15 measured on a
discounted present vaiue basis. The unwinding of the discount is recognised as an expense in
the period in which tr arises.
Llmlted by guaranlee
The Chartty Is Ilmited by guaranlee. Each cl the Iwstees is liabte to contribute an amount not
exceeding £1 towards the assets of the Charty in the event of liqutdation.
Donatlons and legacies
Unr8stricted Total Funds Unrestricted T¢)tai Funds
Fu￿lS
Funds
2022
Other donations and legacles
Other donations arKI legaC￿S
36.000
36,000
Charitable actfvllies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Othgr Income
156,592
156,5
124.138
124,138
17

The Abbeyfield Honiton Soclety Limited
Company Limited by Guaranlee
Notes to the Financial Slalements (¢￿thW
Year ended 31 March 2023
Inveslrnenl income
Unrestricted Total Funds Unrestricted Total Funds
Funds
Funds
2022
Bank interest re￿[Vable
Other INV￿Ment income
576
169
576
169
1.563
745
745
Expendilure on charilable acttvities by ￿nd type
Unrestricted Total Funds Unrestricled Total Funds
Funds
2023
Funds
2022
Direct activities
Support costs
100.767
74,403
100,767
74.403
99,834
51,364
99,834
51,364
151,198
175,170
175.170
151,198
Expondlture on charitable aclivities by activity type
Activrties
undertaken
directly Support o)sls
Total funds
2023
Total lurKI
2022
Direct activities
Governance costs
100,767
64,969
9,434
165,736
9,434
147.008
4,190
100.767
74,403
175,170
151,198
10. Analysis of support costs
Analysis of
SUPFKJrt ¢o$ts Total 2023
Total 2022
Premises
Communicalions aNI IT
General office
Finance costs
Govemance costs
49.760
1,155
14,054
49,760
1,155
14.054
36,473
1,854
8,709
138
4,190
74.403
74,403
51.364
18

The Abbeyfleld Honiton Soclety Limited
Company Llmited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
Accounting pollcles {ct7ntth
Tangible assets
Tangible assets are initially recorded at cosL arKI subsequentty staled al cost less any
accumulated depreciation arKI impwrment losses. Any tangible assets carried at revalued
amounts are recorded al ihe fair value at the date of revaluation less any svbsequenl
accumulated depreciation and subsequerrt accumulat￿ impairfflenl k)sses.
An increase in the carying amount ol an asset as a resutl ol a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge lor impaimient that has previously been
recognised as expenditure wilhin ihe statement ol financial actrvilies. A decrease in the carrying
amount of an asset as a resum of revaluation, is recogni5ed in other reo)gnised gains and losses,
except to which it offsets any previous revaluation gain. in which case the bss is shown within
other recognised gains and losses on the slalemert of financial aclNilies.
Depreclation
Depreciation is calculated so as to write off the cosl or valuation of an asset. less its residual
value. over the useful economic lrfe of that asset as follows..
Fixiures and littings
1 ￿ slraight line
There is no charge for depreciation In resixl of Ihe freehold property. as the residual value is
expected lo be at least equd lo cost.
Impairrnent ol fixed assets
A review lor indicators of impairmenl is ¢wried OLrt al each reportirvJ dale. with the recoverab18
amount being estimated where such indicators exi81. Where the carrying value exceeds the
recoverable amount. the asset is Impair￿ a(￿rdIr￿ly. Prior irnpaimients are also revi8W8d lor
possible reversal al each reporting dale.
For the purposes of impairment tesliTrJ, when it is not wssible to estimate the recoverable
amount ol an individual asset, an estimate is made of the recoverable amount of the
cash-generating unr( io which Ihe asset L*5ongs. The cash4Jenerating unit IS Ihe smallest
idenliliable group of assels thal includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups ol assets.
For impairment testing of go￿111. the gcM)dwill acquired in a business ￿mbinatIon is, from the
acquisrtK)n dale, allocated to each of the cash-geneTaling units that are expected lo benefit from
the synergies of the cwbinalion. irrespectNe ol whether other assets or liabililies of the charity
are assigned lo Ihose unils.
16

The Abbeyfield Honiton Society Limited
Company Llmlted by Guarantee
Notes to the Financial Statements (Cl¥￿In￿}
Year ended 31 March 2023
11. Nel Income1{exp￿dIture>
Net in￿Me/(expendIture) is stated after chargirW{credititYJ):
2022
Depreciation of tanglble frxed assets
Loss on diswsat of heritage assets
1,116
1,116
1,478
12. Accountants, fees
2023
2022
Fees payable lo the accouniant for:
Independent examination of the financial statements
Audit of the financial ￿ateMentS
1,200
2.500
13. Stalf costs
The average head count of employees during the year was 10 {2022.' 10).
No employee r￿1Ve￿ employee benefits of more than £60,000 durtng the year12022: Nil).
14. Truslee remuneratlon and expenses
No remuneration or other beneftts from employment wrth the ¢haTty or a relaled entrty were
received by the Irustees.
No trustee expenses have been incurred during Ihe year.
15. Tangible fixed assets
Freehold Fixtures and
propety
fittings
Total
Cost
At 1 April 2022
Additions
609,317
14,014
61,393
670,710
14.014
At 31 March 2023
23.331
61,393
684,724
Depreclation
At 1 April 2022
Charge for the year
At 31 March 2023
51,348
1,116
51,348
1,116
52,464
52,464
Carrying amount
At 31 March 20rJ
623,331
8,929
10,045
632,260
619,362
At 31 March 2022
609,317
19

The Abbeylield Honiion Society Limited
Company Limited by Guaranlee
Notes io ihe Flnanclal Statements (conv￿)
Year ended 31 March 2023
16. Debtors
2023
2022
Prepayments and accru&J income
4,599
2,026
17. Creditors: amounts falling due within one year
2023
2022
Trade creditors
Accruals and deferred income
Social security and other laxes
Other (xedilors
3,458
3.3CNJ
5,670
1,200
1.023
741
6,758
8,634
18. Pensions and other posl rellrement bener
Defined Contri1￿110n plans
The amounl recogniqed in income or expendilure as an expense in relation to delin&J
contribution plans was £1.18412022: £1.766}-
19. Analysis ol eharltable funds
Unrestricted funds
At
Prior year 31 March 202
Income ExperKlrture adjuslmenls
At
1 April 2022
General funds
Revaluation reserve
615.025
175.000
790.025
194,155
(175,170)
111.5261
622,484
175,000
194,155
1175,1701
111,5261
797,484
At
Prior year 31 March 202
Income Expendf(ure adjustments
At
1 April 2021
General funds
Revaluation reserve
629,814
175,000
124.883
1151,1981
603.499
175,000
804.814
124,883
1151,1981
778,499

The Abbeyfield Honiton Society Limited
Company Llmlted by Guarantee
Notes to the Financlal Slatements (QLvth
Year ended 31 March 2023
20. Analysis of n81 assels between lunds
Unrestrict&J Total Funds
Funds
2023
Tangible fixed assets
Current assels
Creditors less than 1 year
632,260
171.982
{6.758)
797.484
632.260
171.982
16,758)
797,484
Net assets
Unreslricted Total Funds
Funds
2022
Tangible fixed assets
Current as5els
Creditors less than 1 year
619,362
167,771
18,6341
778,499
619,362
167.771
{8,6341
Net assels
778,499
21. Prlor year adjustmen1$
The prior period error shown in the accounts relates to the correction of Ihe brought lO￿ard
revaluation reserve balance.
22. Post balan¢e sheel events
After the erKI of the finan¢iai year, The Atr*Jeyfiekl {Cotyton) Scciety Ltmileds activities were
combined with Abbeylield Honilon and the operations are now run as one single legal entity.
23. Related parties
During the year, Abbeyfiekl Honf(on paKI £10.908 to The Abbeyfiekl {Colylonl Soclety Limited for
seNices provided and reimixjrsement of costs. al an arms length basis. The Atrkneylield
Cowon has executive ¢ommittee members in common v•ith the trustees of AbLwfiekJ Honiton.
21