CompJry Plumber. 995212 Charfty Number. 261970 Illlmes and Comrnunltles Agenry Number: H1470 THE ABBEYFIELD CHALFoKfs SOClEfY LIMED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
ThEABBEYFIEU) CHALFONTS soaETYUMTr&) (A(ompany Ilned byBuawantsaDd rtot havh¥ C(X•ANYINFORMATION ComparyNumbEr 1x1995212 Charlty 261970 Home5 Jnd CoMThnles&•4encvI*mbOr H1470 Éxecutfvecornmlttet Mr R FOr$t{ResIgned on 01102121)231 Msjohn Spoerry iAppolnted on OV04120231 Mrp Fowbtaln Mr D Cookndl IAe5¥nad 10220231 Mrsj Pogler Mrj Sahota MrsA Pagtt Mr RGulati MS S Awu5tin• Chairm TTe35ur 5e¢retdv RqBlrter•d Ollk• 56 School Lane Ch•Woni St Petèr riiir.k% SL9 988 Bank• Nath)nil WMtrnln%t•rNxnk Plr. l. Penn Road Be•t¢)n$fidd 8uckln8harnshlrn NP9 ?Pll C•n5dales Audlt LLP Crtered Accountants & 8u51rt•ss Ad¥kn St Marfs Court The Brwdwav Old Amersham HP7WT
THEABBÉYFIEiD CHALFONTS SOCIEfY UMITED (Arompanylith byguaranteeand notfva¥lry ash¥e rapttofj VIANCIAL ATEmEN[S FOKThE YEAR ENDED31 MARCH XQ3 CONTENTS Report ofthe Execthcommjn I[ependent Audttors. Rewttothe siaternent of c0mprnhw[¥e Incorne IlncorporatSne ao lfitome £¥4dI1 Acttxjntl io B4anceSheet hiM•¢ trtth( FlnAnrlAI traIn% 1? The pay not forrn part0fthe$try1InancIO1 statemwts. Dttlled LKome and Expertdltur•Ac¢ount 19
{AMpanY lknlted by8u8ranteeand not ha¥lr¢a 51wecapit FOR THEYEAR ENDEO 31 MARCH 2023 The Executlve Committee present thek rept andthefin•KW stements of thesocletyfry the yearended .41 Mlrrh ?(TrT4. The wknclpal act of the51&Y Conlknuedto bÈthttof prth4dlry acCrJnmod4tl forebderly and perhaps nety Deople In accLvdarKe with the aims ryIn¢4 of TheAbbvffidd S(KiEtyUmfted Therèsultsforthe vware Set out In the Income and ElpenrfrtUrekn The5odety wa5 Incorporated underthe conv0E5I 0$ •cornpany fKnited byguaraniee. The Soclety 15 3150 a reei5tered charityand is rt8iStered underthÈ Houstr4Aa. Itls a150 TeEsttred vAth the fte8Lrfètorof Soclal Hous1 Providets. The ExueCarnm1tteewe dlrlcttys 0ftheS uThdv Comwy 18w dTrUst¢¢S under Charity w. Those whoserved durfnKthe veirare a5 Stated the InfornBtion oaR& The Sodetv has Tro share cawtal. However. the EXeCl¥ecomMtttétt Mlmbers •re 1 Members ofthecompany. Ujdef Arrlcles of A550Ciatlorbthe ser4ryn# Exttutfve Committee mayappoknt add115 Crynrnlttee mernbe at anytSm¢. Our Property In the oplnlon of the Committeeih• m•rkntnlu• of freehojd land •KI bulldtn6s Is In exc•u of Elm. A•¥l•wolth•Year As ot 1st Aprll 2022, core rent w&$ rdtSEd by3.1%, Who stryke ernertdl1r8•$Wert Increased by l%followln8 the8uhJÈluis laid dowfi bythe Mln15tryof FlertJyn& Coftynunftles and Local Govemrneni. Over tht ytar, the ro¢)m occupantywas approxlmatdy95%. For ftx)tt of iheyearthe Itouse was full,. on 1st Awl 2023, therè werè2 ¥05. Speck4 Èffort5 ar• bekng made tofll the unoccupled roorn& There wa5 pre55ure from C05t Inflatlon on operitln8costs Partkularly enErgy.TheTTh5tees xted to restraln these kncrease5 whlbt malntnI the ou4ltv0fst¢¢. Th• pro8f•mm•to up8r•Jeth• •nsultt bathrooms h•$ proy¥sed and Is heded to be complEtEd In 2023124. An extraordinary loss of Q5,107 was IrKurrd as • resuh of the IOIer ol the de518n con5ultanLy whkh was en84ed to enhan¢e the qu•lity ofthe cornnwn areas Oft House. The cornpletton ofthe projE¢t ts betni wedfted bytheTrustee5 at a hxercosL VaelormOnev The Reguktorforsochl Hou51n8 has requir nmtrts whlch me•sureecot¥)ry. efficiency and effectfvenessto be completed; theseven metrits to )able metsurementoTh a CO•r•ble b8515. These rnetrfcs have to be rep¢yted wtth the annual audited Financh¥ Statements. TheSocietVs hwse a fwmer resthn¢e datlr¢ batkto 1910whtth ha5 sparefor 11 residt< rcthns. Cwrenttyihe Trustees do not pL8n to expand the nuner ol rooffs.The Sodety doe5 not have any borrovmy. The rtiwri Dn Lxpitol wmi remoln swi*. The metrlc5 forthecurrert and preMou5)w are5hown beknw. Fdh)wSng the Execufve Comrnltteds dedsion to introduce a fflore yjstsinable staffir lffitl. to imorn¥ethe s¥stem for ernereerKvcalls bvtht fesidtnts whett the housÈmana8ets not onihe premlses and tomn¥jfyfwith health and safety lew11n de¥ebpments. It Is anticipated thatthe Marg1MI retum w capital 11 worsen inthe next yew.
IAcoryw Ilffllted bV8Uararel not ha¥kYashr4p1l41) FOR ThEYEAR ENDED 31 MARCH 2023 The Socletydoes not hwtargrtsforthese rnetrKs. l. RTrtment 2023-13%12022-6%1. l New supply ddl¥ered: 2023-0% IXJ22-iVAk 3. Geariny. 2023- 128XI2023-1143%11. EBITDA MRI Interest cow.- 2023- 0x12022.. 0%). Soclal houslng c05t per unit: 2023-£297,10112022- £240.1771. 6. operat[ marginllDeficitl IscriaS hou51nBL1vl.. 2023-111%) (2022:18%11. Operating mar8inlllDefiotl Itrtdl.. 2023-19%112022..16%11 7. The rÈtum on tapital employed.. 2023-16%112022..13%11. Pubuc BeMIIt The Executive Committee have consIdeI the Charfrycornrnissbn's general KuIdae0n publlc benefit th Executive Committe• hav& In thelr¥iew. the public benefrt 1ement bv makinRtht kletv avèllable to any memberofthe pubfi¢ Ih x¢01nce ¥hrh Its ObCts of pmidin8 aC£ornmodat fcrf knety eldedv peopl& The Society as a MemberSocletyOfTheAbwd kniety Ltd wms to enhante thé quallty of tEte for older people. ft Is bdieved thatthts Is beneflclal to the seaion of the publlc comprising ekl•rly people who do not own thelr acrndatIon and in somècases cannot afford to rent HI commerclal rates but who are seekln8 comlortable K¢ommodatlon whith thrycan afford •Dd whwethey rnaytake adv•ntaKe of livir In a small communltythat pdeS COmpanbhlp. Thesoclety h•5 Dlrqrtor5' and Olflc•fS' U•bllltylnsur4no for•ll the C(ffimlltee l¥lèmbers In relatlon tt>the SOCI($ affalr5. New Member5 are app(xnted bythe eyistln8 ExecutCoMnEe. The5electp)n ofthe appointtt5 15 based on pertlnent quallficaltons andlor rekvant exper1eft. Tecdve a role outkne In addhion toa persomllsed Inductlon Frorn other C(Knmittee Members reievènt to thelr dytles. The Executlve Committee lolntly makes declslons affectln8the Society and those dedsions èr• recorded In meeting mlnutes. Training is Proded prlncSpally through ottendance stCOLwseSsta8 byTheAbbeyf¢eld 5oclety Ltd tbot •r• almed ot keepinB members abreastof C1weS in le£i51¥tton Ordeveityimts In PT8ake. The fxe¢utl¥e Comrnittee ha5 Put In plxea more roburtsweMfrw£eTrcY(aI by reslderts whtn the house rnana8ers noton the prern15e% in a reCentCOmPle1ed strtteyt.Th¢ beyf Sooety Ltd ha5 erQuedSMJ1r member SoclEtles to wnsolKlate thelr operations wheresr Fwible. klinton thls 8uldanc4 the ExEcuti¥e Commlttee contlnues to explDre the prtentlal fortollabortngwith other kncai Meng)erSocietie& IrtunItIeS foroveMmw18 drfficultie5 in findlng competent tradespecple containin8 oists are likElyto be athknd. Exocutl¥e Comfflhtee ha5 1rNesd In Irnprobryn8the tnterknr dor of the House In refreshingihe décor to make the House more loDeir¥{f0feXtslInaThj mDe¢knrestdents.
IArompanyllm5ted byl313ee and not ha¥lryaSlm cap RlToFTNE EXEcullvE Icoifflirt FOR THEYEAft ENDED 31 MARCH 2023 The member5 (who also diredors of The Abwield Chaifonts 5xbInited forthe w4fp05E5 of Eompwy lawl irn resp¢)nsiblefor prepaTillE the E¥ecNe Cornrnittees. Annual Report and thelthèrtr41 starernents In accordance wlth èoolitable law United k£ountinR&•Nlards Iunlted nd0M Generally Attepted Attounting Pratticel. CompaDy Lw reoulres the monbersto prepare findalstataments foreath finalal year. whith give 4 true andfa¥lew of the stateof alfars of the thte company and of the IrImIng resourcesand applicat1c of resources, Includingthe income and exp}ditre, althe thwtsblecwpabyforthat period. In prntheSe fimnclal 5tstements. eer5 are requiredto: sthttsultablé Kctyjntiw pofKl•s and thth) apptythem ¢onslst¥rtrr. observethe methods and prfndWe5 In the Ch¥ftfesSOAP 2015 IFIIS 102k. lud8tment5and &tinat•sth•t w• r••soMbk prudtni srate whether •pptlcable VK Accountlng Standwds havèbeén fdlowed. wbjttt to anyrnwterl?I departure5 dlsc105ed and e%plne¢J inthef1nal st•ternents; prop?rethe Ilnanclal statementson the conc•rn b¥bs unless it Is Inwmprlate to presume th•tihe ¢hwltablecompanywlll (rnue In operatithi. Thè memb•rs am respMslbl•for keepln8 Ideouate 8¢countiry cor doSe vAth reaSOnabaCCurnry at orty tlml t flnanclal posltlon of the thIrae ¢¢xrtpwy and enable themto en5wethat thefinanclal 5tattrneAts complywith th•CottwwlesAct 2006.They • 4so respon51ble for safE8uardlngihe Jssets of tht ch¥it4ble corry)afiy and hencefortthg reason•bl• stepsforthe preventlon detEctrt of frol1 ond other 1rrn8u1t Insa f•ras th• rnemb•rs are aware: thtfe i8 no rde¥ knform•kn of¥thkh the(harit•ble comparrfs a15 and the Members hav• taken all steps theywto have taken to methernsel¥es awartof any relevant aL1t Informati and to establlsh that the audSior15 aWOTeof th# informlon. eserves Pollev It is the policy clthe Socletytomalntaln Unr•Stred fd$ not de518nJted or invested In ta)8lble flxed assets 1.the free reseryesl at a level whxh equatist0appromèEelYthree months unrestrirted expeftdhU for management and adrpiniwalfi cost% The kvel wa5 maintned thNw8hwt theyw under revlew. The Executive COMet con51du5 the Eurrent levd ( reserve fd5 dthetr Enuease a mmerof lryortwKefor suth ?n old housè and to ¢tyrtooMible I.1n o¢cuDJncv) Rtsk Maftaqem•fit The Executive Commthee havecondutted • re¥lew rfthe mai(Yrisks to thefth oftht Scrtkty •nd ofthe controls and procedures In pla¢e to rNii8ate thenkThese procedure5 wbll be periodkally reeWed to ensure thatthey medthe need5 of thesocw. The prlncipal rfsks identifd are- Jeopardytothereptrtation ofthe SOCtythIlh falureto molntslnthe servic& atthÈde5tred le lapses in comptyi08With Heofth Safety requlrements eqlect of the premlse5
(Atompany rknited byyarartee bt hayiya sharE FOR ThE YEAR ENDED 31 MARCH 2023 hlureto prrettthe House against Infettton from a pandeffcor epldem Deterioration inthe le%1 of care provided due fallts to recruli and retafjn surtable stsff e8l¢¢t to trainth8 FIfia InstlIY due to low room occupanlv In•ffprtiw rfrttrnnifr4 Ouring the Covld Pandemi eXtme measure5 were kntroduced to malnt•ln the lockdown. Appropriate safe8uarding K16on ha5 been cortkn¥ed. Audltors ThÈAuditors. CansdalesAudtt iLP. haveeyuxd thelrwlllnBnessto conthueln offi¢¢ ahd a resduiion to re- appolnt them as wthtors wlll be to the ee¥S thAnn fjeneral Metti Th15 report hJs been prepared In atcorthcewlth the spedd prv415kns fttsmdl cs)mpanles Jnd p¥iyaph 15 of the Companie5 Act 2Th)6. BY ORDER OFTHE EaM¥ COMI4 John Spoorry Chlrn Reikn•r•d Otlke: 46 4th¢1 l anp Cha0tSt Peter Buck5 SL9 9BB
(Acornpwnnled by8uardntre oThl not h3¥h¥a IMrffipFNnFWT4iiniTORV RFI¥(IRTTnTHF FOR THEYEAR EtIDED 31141ARCH 21)23 OplThlon We have audited the finarrial staternents ofThe Abd Chafont kniety Ltd Ithe'tharitable companfl for theyearended 31 March 2023 thich comprise Staternent ofCryrehensibE Income, Bal•Ke Sheet and notes to the fin(la1 staternts. Incluth8a surnmaryof gnificant MUnti[ pDCle$.The financial reportlng framewort&that has been applied In thdr preparatlon ts applKable law and United fm8domAccounti Standard5. Indudlrw Financia Reportlrl stdard 102 Tr firrtmclolRewrting5tondord tkoble In the UK ond Repul of Irelondlunlted Kingdom Generallywed A(countlng Prdcticel. In our oplnlDn theflnancial staternenLV. Ive atrue and falr¥iew of the staterfts thar1labkcps a5 at31 M•rth 2023, and of its {rmIng re%yJrces applkatlon ofTVrCe$. kndudth8 Ir5 in(Omed ryEnditure,fortheyearthen have been propedy prepwed kn Kcorylan wlth Unted KIn8drynGenEraltypep¢ed Accountlry Practito: and hwebeen Prepar In ac(daTewith the requirements ofthe CthnpanlesP¢(2fM)6. the trknl51nKd Regeneration Att 2008 •ndtheA(countlry fArecllon forprNatt riebtered wo¥klers of 50cl•l hou51ng In Eand 2019. Baslsfof oplnlo We condurted raudIE In Kcord•nce wtth Intematlonal Starths on Audltlri8 IUKI INS (UK)) ipplluble law. Our re$ponslbifitles underthose standards are furtherdèsuibed Inthe Audllorfs resp)n5ibllities forthe lyd01thfin1ntlal statements seaton of our report. We are Independent of the tharftable cornpany In a¢¢ordanc• %wth the ethlt& requlrements that are relevantto ouravdlt rf the flnondjl staternents In the UK, Includlnith FRes Ethlt41 Standard. and we ha¥efvlNled ourother ethltal respon5ibilitles In accordance wlth these requlrèmrrt& We belTthtth8t the audit evklence we h•4è obtslnedls 5uffidwrtwd approprtat• to provlde a basls forour oplnbjn. onckwtons rtlatln8to80kni concorn We have nothin8 to rtportln respea lollryOw Ir5 rdlon to whtth the LSAS (UK) f•qukt us to reoorttow>u where: the execulive cornmittees use of cO¢M baslsofaccount¥¥ln the prep•ratlon ofthe n¢11 statents 15 not approrri•te: or the ewutlve comrnittee hav• n¢xdtsclosed InthetInaI stawnern wyldent11d mèteri81 uncertainties th•t mayca5t wfficartt doubt Ot)¥t the CDmpanrfsabllStytocontlnueto odopt the 8oing concern basts ofxctyjntuyfor • pwityj dat least tWee n)nths from the date when the no11 5fatements are autlJrised for Otherknforniotton The executive cornmitte• are respon4bfvrth¢ otherlnfomMtk)rL Ihe other Infomwtk)n cOmthe inforrn3tlon irKluded in the exetthcommlttee5' annual report. Otherthanthera¢ial aterneThts and our auuttorfs reportthere. OLWOPtnlon on theflnandal 5tements dots not cthrthe other infomiatlon and, e¥cepttothe extent otherwtse expllMiy st*ed In our rep we do exwess ayforrn ofassurance ¢on¢lu51on thereon. In connection with our wdltofthetlnarKkl SLatemts. oUrrtspib1ltstO readtheotherlntomaDon ano. In do¥nE so, Co[der whethertheotheT srrffxmakn 15 materially iJx(¥wstwbt with the finandal statents Dr our knowledge obtalned In the authtorotherwise appeavsto be materlallyrnlsstated. If we identfysuch material incoThsisteDcie5 or apparent material m$statemen we are TeqUid to detem)Ine whetherthere 15 rrtaterial mbstatement inthe finaKi¥ StateMet wa mat¢rfal theother information. ff.
(Ac0fflpanyllned byBuaranteea))d notb3blrya51Mreeap#a) INDEPENDEIIT AUDITOW REpoKfTOTHE MEMBER51CONnNUEDI FORniÉYEAR EfrJDED 31 MARCH lots d on theworkwe have perf0Thd. corKludethatthere15 a merlal rn5tefflETrt of this other 1nfOnnknn, a requit0 repMthat fxL We have noihlngto reporr ththbs rrfard OpTnlDn50n otherrnatters pre5crfbed tytheCornpanle5 PAt21)16 In ouroplnion. based on the work undertaken in the cwrse of theaudfft.. the information ENen in the reptrt of the executrrt commlttee for the fthancl year for %¥thlch the rinartial staternents are prep3red rs(onsi5t¢nt with thefin•n¢W statements: and thè report Lrf •xtrutN tcffirnltiet h•s b•th pwed th Kcwt1ce wfth applicabJ• k8al requirements. Matters onwhlth w•ar• rnqulmdto r•port byex•pth In tht li8ht of OUT knowled8e ar urJetstandln8 of the thathe ¢owyany 11$ envlronment Obed In thè coursè of the audit, ftot Iderfified m•terf41 nsiements In the report of e¥ecytlve We have nothin8to rtpjrt Mi r•Sp•rtcltheldhwryl mallern In T¢lttlon towhlch the Comynles Act 2CI16 r•qulre5 US to report to if. In jr1)pin•jn. adeque 8¢ccwntin8 records ha¥e not been kepL or r8m$ adequate for our audlt not been receNed from branch not VIsed ty us: or thèflnanclal $ementS are not In a8reernent with the K£ountintreths and retum5: or cértakn dlsclo$ures of merrtJws' remuneratk)n spedfied by l•w are rKJi made. or we have not recelved all the Infomtkni •nd •xplanaikJns we requlre for ouraudir or the executive commlttee were not entttkd to Pfepve the financkl statements In accord4rKe wlth thè small companle< Te8lme and k¢ thtr4¢ of the STnall cOrrleS. exempths In preparlni the report of the executNe cfjmmitte•aTrlfrom the reqTrt0 prepare •str)te8lc reyL Responslblfftl•sQtth• ¢[11¥mftr•1 As eiplalned rnorefullyln the statem•nt of executK commltlee re5PDns¢blities. the membets (who are also the directors gf the Charitae¢0[Y f+ythe purposes of mrrfj>Jnylawl ¥e respOnSle fortht pr¶tion of the Ilnonclal statements and for belfig satlsfied thai they atrue and fw ew. and forsuth lrttrnal conirol asthe eXecUte cornmittee deternne Is necessaryto enabiethe preparathjn clfinart1 statements that arefree frorn material rnisswrne whhErdue tofrwd ureNor. In prep¥tn8 the flnarKlal seMentA the executivetomrnlitee are reSpolefOr a55èssin8 thed)arltab companrfs ablllty to continue a5 a concem. d15(h)sl a5 applicabk. mattws related to Èoln8 concem and usbn8the 8olngc¢)rKern basisof x¢ountlng lesS the executfve committee either intends to qUIde the charltable cornpanyortocea5e opernt1(S, or has no rtaftsuc to th so. Audllorf5 reSponbllIeS1QrtheNt0IthelhfvcIll ststrments Our oblectlve5 are to obtain reasonable atyJrdnCt about whetherthefmanad $tents as a whole arefree from rnaterial rni55tatLYnenL whethw dueto fraud or *Jtw. to sue an •Jdito¢s reportthat tndude5 our OFlnlon. Reasonable assurance b a hiEh lével of wurance but15 Tr)ta Éuarnnteethat an audltconducted I cordance with ISAS IVK)will always detect a Mate m&Hatemerrt when it exi51S. Missiatements can arlse from fraud OT error and are consldered fflèteriél rf. irthKiyoIOr In the alEale. thÈycould Tea50nablybe exDetted to Influencethe er(wmlc de(i5tMs of userstaken on the ba$thestr1fi•nc1a1 staremenrs.
ThEABBEYFIELD CHALFopifs SOCIETY IkMtrED (Acompanyllmlted byguaTrnteeand not ha¥hy 0 9hove•D FOR THEYEAR ENDED31 MARCH 2023 As partof art aud in a¢c¢Ydartewith1&4s IUKJ.we Èyerose wofessioml luknent and malntaTn profe5sk)nat sceptKism thrOUBh(rtthe audi We th: tlfv•d a55e5S the ri5k5 of materfal m155tatemertof thefinaKlèl statements. wth8rdueto fraud or error, deEn and perform dit procedures responsNe to those rts and obtain wdlt eden<elhaE]S sut71£lent and appropdateto provide a bas15 forouropinith).The rlskof not detettin8 a moterial rThsststement Te5ultin8fromfTrud Is hi8herthaThfor one resultiw fromerror. as fraud may Involve conusion, forgery, inthniional off#ssion¥ rnisrepresentattor¢5. orthe overrnle of thternal control. Obtaln 4n underAaAdEn8of [nter corrtrol relevanttothe audlt ID ¢xderto desi audtt PTocedure5that are appropriate In the drrnsl. but rvjtforthe purp05eof elpresslngan opinÈon on the effecti¥eness of the charitable companV5 Interna contTL4. Evaluate the opproprla¢eru5 of ac(ountirK pJfficie5 Used the 05•ble¢s5 olaccountinK ertlmates and related dlsdosures rnade bythe member Concludeon the appropriateness of ihe exe¢utlve crynrnl uwof the0 bjsls of accountin8 Ind. based Dn the aUdt ewdence obt4lned. wlther a rnattrial urtcertalfttyexbts reled to events or ¢ondltlonsthot maycast 5nifIryt doubton the thadtabletompaftvs abllhy to contlnue a5 a8oing ncern. If we coTh¢lude thrta Mtr unctrtalnty exlsts we are requtred to draw attention In our audltorfs report tothe related dtsdosures tn the financtalstatements or. If such dlsd05ure5 are in¥deque. to modlfy our oplnlon. Ourcwclusknns ¥e based on the audit eenCe obtained up to the dateof our audltorf5 report. However. futurèe¥ents ¢K¢MdMtons mrycau5etheth•rlt4blecompanyto cea5Eto coptlnue as a 8tiin8concem. Evaluate tht o¥erall pr•sent•tkJn. SInre )ntent0f the financlal statemerrts. Includ1 th• dlsdosuTÈS, and whethtrthe finarKl•lstatemnts repTe5entthe undertwn8 transjrtlw and events In • mDerIhat Khle¥e5 far presèntatk)n. • otour report TN5 report15 mode soyelytothe ¢ornpan(s wrmb•rnas a body. In acrwdancewlth Ch•pter3 of Part 16ofthe Companlts Art 2006 and sertlon 137 of the kknus1 and Rt8erteratSonArt 200& authtworkha5 been undertaken so that we mi8ht lIe w the cornpan¢s rrmbersthose mierswe are requlred to stste to them In an auditots, riport and lor noLNher pufpose. Tothe fullest extent pethd ty law, we do It atc•ptor ssume responslbllityto anYoneber than the wmparryand thecompans rnembers •$ J body. for ¢)uraudlt work. for thls report, or lorthe 1k)n$ we have forn. James Foskètt ISen¢wSt•tutoryAudltorl For ond on behalf ol CaThsds Audit LLP Chartere41 knuntants &5tatutwy Au¢frtors 2.io.Is St Mwrf5 Court The Broadway HP7 OUT
{A(ompany Itrnlted byguararrtee and not ha¥4ng a th cap STATEMENTOF COMPREHENSIVETh IINCORPCMIIN6AN INcoAND EXPENOTWRE ACCOUNn FOR THEYEAR ENI)ED >1 MAROI 2023 ID22 269.375 224.336 Operatui cosis OperatlD85Us P97J021 127.7271 1240.1771 I,841) Irtst roc•i¥able 1619 L733 Defidl fortheyeat (25,1071 114,1081 Tran5ferltol de51inated rEseryes Atle Dellcltf•rth•ywr 125.1071 (J4,1081 I the Socletvs actl¥ltle5 4re da55ed as continvln8. Th• movements on feser¥es are shown In note 8 tothe fin•rKlal ststemeAt> Therewere no reco8n15ediJlns orlosses<herthth) the result frth•pw. I funds are wirestrlttqd. .. J Spotrry It11rMl . JSahotalS¢crttwvl .- P Fount4in trr•aswÈrl The te$ nurnbered I to 14fom p¥t ofthe5efinaKial statents ln
(A¢ompanyfimited ty6uardntee not havllyashare¢a• N4IANf.F%HFFT AS AT31 MJICH 2023 20ZZ Tanelblq FIM•d A5Mts 190394 Cuffen¢ Ats Oebtor5 4N9 267,246 271.295 Cash * bkd in hand 243.260 246.341 Creditor5'. Arnounts ta16 duewi(hln one year 127297 23.6301 N•t QwMItAs5•ts Tot41Auets less 9,045 247.665 409A38 434.546 C4th1 & Reserves Contrlbutlons made by mombefs li 339A27 364535 D•sn•t•d reseryè 70,000 409A38 70.000 434546 These fknandal statements have betn prepared In xcofdan¢et*lth the speclal provlsfth)sfttsmall c1xnles and Part 15 of the Companles Act 2006. These fin•nclal ststements were apDTo¥ed bvthe Execu Conwnittee and authoT15ed for15sue ore 8ned thelr behf ty. .•Trd JSpoerylth•trmanl P Fourtth (Trewerl Cornpany Number." 995212 ThE nDte5 numbered I to 14forrn wt of these finan¢i¥ siaren
THE ABBEYFIELD CHALFONTSSOCIETY LIMrrED IA comp3nyUrnlted by8uarantee and not hne a share apftal) NOYESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 L ACCOUNTING POLICIES IS OF ACCOUNTING The Soclety cotituteS 3 publlc benefit entity as d£4lned by FRS 101 The financial Statements have been prepared In aC£Ordan with appficable attountitKg standards InclLidin8 Flnancial Reportlng Standard 102 TheFInonciolReport9 StondardApplicobk the UK ttndRepubllcof Irelond (FRS 102), the Statement of Recommended Prdct1 for Soclal Housin8 Provlder5 2018. and with the Accoumlng Dlrection forprivate re8iSttred provldws of sodal houslng England 2019 ISORP 2018 and A¢¢ountlng Dlrec¢ion 2019 both ire in rdation to accountire periods ¢ommendre from l January 20191. The flnancial statements are also prepared under the requirements of the Hous1 and Regeneratlon Act 2008 and the Companles N£t 26. The financlal statemertts have been prepared on a golng con¢em basb under the hlstorical cost onvention. modlfted to Include certaln Items at falr value. The financtal statements are prepared in s¢erlh% whith Is Ihe fun¢tlonal currency of the Soclety, and rounded to the nearest £1. ALHOUSING GRANTS ISHGI Where developrnents have been flnanced wholly or partly by social hou51n8 and other 8rants the amount of the 8rant received ha5 been Included as deferred Income and reco8nised In Turnover over the estlmated useful Ilfe of the associated asset structure Inot landl, under the accrua15 model. SHG recelved for Items of C05t written off In the Staternent of Comprehensive Income A¢count1s Induded a5 part of Turnover. RECYCLING OF CAPiTALfjRANT Where Soclal Housln8 Grant Is recyded. as descrlbed above. the SHG ts credlted to a fund whl¢h 8ppe4rs •$ credltor until used to fund the acqulsltl¢)n of new propertles, where retyded 8rant Is known to be repayable it Is shown as a credltor wthin one year. Recycl1r cotal grant can be abated where sale proceeds are le5S than the 0rf8lnal cosL TURNOVER Turnover represents rental and servlce charge In¢gmere¢elvabli donatlons and rtr4enue grants. All Income Is reco8ntsed on a receivable basi%. TANGIBLE FtXED ASSETS Tangible flxed assets are stated at cost depredatk*n. Such cost Indude5 the cost of acquirin8 land and buildin8s. development expendilure. Interest chaT8ed on mortgage kjans raed to finance thescheme up to the date of completion and amounts equal to acqu151tion and dv4eloent allowan¢es re1vabl£ DEPRECIATJON Depreclatlon Is provtde(l on all tOlbIe red assets at rates cal101ed to wrlte off thè cosL less estimated re55dual value. of each asset over Its expecied useful life as d15d05ed below.. Major build1rnatuTes Freehold Bulldlngs Equlpment Flxtures and Attings 5% perannurn on cost 2% per annum on c05t 20% per annum on cost 20% per annum on cost Freehold land Is not depreoat Items of fjxtures and are only tapitaltsed wharethe indmdual purchase prke exceeds £500. 12
THE ABBEYFIELD CHALFONTS socIEri UMITED IA company Ilmlied byguorantee and not a Share raplts NOTES TOTHE FINANCIAL5fATEmEfS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AccouMnNG POLICIES IContlntd) PENSION The Soclety operates a defined contribution penslon scheme for employe&s. The assets of the scheme are held separately frorn those of the Sodety. Any annual contributlon5 payable are charged to the Statement ofComprehen51ve Income. EXPENDfWRE Expenses are accnted for on an atttuols basis. inclusive of Irrecoverable VAT. FUNDS ACCOUNTJNG Funds held bytheSocÉety are: Unre5trlcted general funds-these are fund5whkh can be used In accordance wlth the Sodetys objects at the dlsttetlon of the Executlve Cornmlttee. Desl8nated Funds-thesè arefunds set aside by the Exe¢JJt Committee out of unrestricted eeneral funds for 5pecltk future purpose5 or prolerts. The nature and purpose of eath fvnd ts expLilned fvrther In note& MAIOR REPAIRS Major repairs expenthture of a upltal nature Is tapltailsed. Non taF4tal èxpèndlture Is refiected In the Incorne and expendlture account togetherwith any rdated grant fvDdl. WORKSTO ExisfiNG HOUSING PROPERnES Anyworks which do not result In an enhancement ofeconomlc benefits of a are charged tothe ststement of Comprehenslve Income. Thls Indudès expendlture incurred to ensure that the property can malntain its extstln8 level of net rental Income or the standard of perforrnan antidpated when the asset was tlrst acqulred orcortstructed or L4St replace¢L 2. OPERATING SURPWS 20ZS 2022 Thls Is stated after thargi AudStors' remuneratiorh 4,770 2338 23,414 4,270 2,290 18,041 AuElltors' remuneraUon for other seceS Lmireclatlon 13
THEABBEYFIELD CHALFONTS SOaEfY LIMITED IA ¢ompany Ilmlted byguarantee and not havlnB a s1¥3re capltal) NOTES TOTHE FINANaAL5fATEMEMrs ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 EMPLOYEES 2023 2022 Salaries and wages Pension costs Soclal Secuflty tosts 131,660 127,798 3,535 3.687 3,889 4,307 139.083 135,792 The avera8e number of persons èmployed by So¢ty durfng theyear expressed as fvll-tzme equlvalents was: The average monthly number of employees. Jdudlr part tlrne employee5 There was no12022- none) ernployee whose annual employee beneffts Ilndudlr* employer perlon costs) were over £60.00 The key manoBement PerSne1 of the tharity cornprlse tlve members of staff12022.. fourl. The total employee benefits Ilndudlng ern0Ver penslon Contrlbutjor1 fe¢el¥ed by key nwna8Ement personnel for their gervt¢e$ to thè charlty was £91.57012022: £87,159). FIXED ASSETS Ma Bulldlngs Hxlures Freehold Property Flxlures & Fltllnp Equlpment TOTAL At i &pfll 2022 IS8,931 116A95 7?70 2CQA73 484,670 AddltSons Dlsposats 25.076 27,522 At 31 March 20Z3 IS8,931 141.972 10,416 200 873 512,192 DEPRECIATION At l Aprll 2022 55W5 4yS 146.342 297,788 Charge forthe year Dlsposals 2352 3A41 24,011 At 31 March 2023 58.197 106 7.028 150.182 321,798 NET BOOKVALUE At 31 March 2023 IDJ,T34 351 3.388 50.691 ,394 At 31 Mar¢h 2022 103J)86 54,531 186,881 14
THE ABBEYFIELDCHALFONTS SOCIEPI LIMITED IA company limlted byguarantee and not havin8 a share caphl) NOTESTO THE RNANaALsfAIEMEplls ICONnNUED) FOR THE YEAR ENDEO 31 MARCH 2023 S. DEBTORS 2023 2022 Prepayments 3,600 3.600 4,049 4XJ49 & CREDtrou. Amounts falllngdue wlthkn v 2023 2022 5oclal Houslng Grant Acuuals Other credltors Trade Oebtors 13,712 14,308 7,684 L638 8,290 518 27,815 23.630 Thè average number of da betwe receipt and payment of purchase InvoEceswas 712021: 7 day51. The Sodol Housing Grant is bn8 rdeased to the statement of comprehensfve Incorne over Its useful Ilfe. The amount released In theyear was £59612022: £5961. 7. CONTRIBUTIONS MADE 8Y MEM8ERS The sIety Is a cornpany Ilmlted byguarantee and not havlng a share cap5ts1. The Ilablllty of each member L5 lirnlted to £1. At 31 March 2023, Ihefe were 7 members12022: 61. RECONCILATION OF CApifAL AND RESERVES Contrthutklns from M•mbors Rw•nu• Repalrs Re5eTh• Totsl At l Aprll 2022 li 364,53S 70.000 434,546 Defldt forthèyear 25.1071 339,427 25,107 409.438 At 31 Marth 2023 li 70,000 The Malor Repalrs ReseThe Is intended to provlde a reserve for rnar repairs expendlture. 9. CAPITAL COMmME1[S There were no capltal commltments at 31 March 202312022: £nlll. 10. CONTINGENT UABILMES There were no contingent l1abllieS at31 March 202312022: £nll). 11. PAYMENTSTO COMMirrEE MEMBER5ANDTRANSAcfioNSWttH coNNEED PARTIES No amounts have been pahj as fees, remuneratiort orexpenses, nor any glfts or benefits provlded to members ofthe Executive Committee or officets ofihesoelety whowere not eM0ved. wlth the excepflon of out of wcket exFbense5 amountSr6 to £Nil12022= £Nill. 15
THE ABBEYFIELD CHALFoiifs SCKIEfY UMIYED IA company limited bvguarantee and not havlng a share (apltal) NOTESTO THE ANANCIAL STATEMENTS{coimiiuEDI FOR THEYEAR ENDED31 MARCH 2023 11 HOUSING STOCK Unlts In Manwment 2023 2022 Number of units Number ofbe&spa% li li TURNOVER AND OPEKAYING DEFIFoR THE YEAR 2022 Op1ath Operdtlnt Turn¢y4er Operat5nR Operatln£ Delklt Costs Dellclt Income and •xp•ndltwe from lettln Hotsslng Accommodatlon 259274 1297,1011 137,8271 210,428 1240,177) 129,7491 Other Income Donatlons io.ioi .101 264 JPS Grant Aecelved 13,644 13,644 297.101 224 336 240 177 15.841 Turnoverfrom Hou51ryAccommOda 2023 2022 Residents char8e5 recefvable 274.944 264,111 Losses from voldslvacandes 115 6701 153,683 259.274 210,428 Donatlons 2023 2022 Donations io,wi 264 io.ioi 264 Interest Income 2023 2022 Bank Interest 1619 1,733 2.619 1,733 16
THE ABBEYFIELD CHALFoKrs soaEfY UMtrED IA company Ilmlted byguarante¢ and not h1 a Share ca1•1) NOTESTO THE RNANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED31 MARCH 2023 IQ OPERATING C05rs OF LETnNGS 202J 2022 Servl¢es Management Aoutlne malntenance Major Repalrs 251.831 19.333 25,937 2C,861 21,177 18,139 297.101 240,177 15. Ultlmate Controlllnl Partv The charity was underthe ¢Mtrol of the Btsard of Trustee5 throughout the year. 17
IAconyany Ilmlted byKuarantee¥MI not havMiÉa slmre t•ts NOTESTOTHE FThANaALSTATEMEHTS IcoimNUED) FOR ThEYEAR ENDED 31 MARCH 2023 1022 251J31 19.333 2S,937 200.861 21.ITF .139 Managent Routlne rnalntenance Major Repalrs i,ioi 240.177 The tharftyw45 underthe control Df the Bo¥dofTntstee5 thrwhout tnevea..
THEABPEYRELD ICHALFONtSISOCIETY uraru) IA cornpwwlimtted by guarantEe4nd not ha¥thgasharÈupitslJ NOYESTOTHEANANa$rATEME1n5lcOlrnNUEDI FORIHEYEAR ENDED 31 MARCH 202Y Ihefolkn*lM ow does nLxforni 04rtolthest#utoryfth•nd•15tstemer 151
THEABBEYRELD lCHAlF UMifED IA£ompany Ilmsked byguaraotee and not harya sheapal) NI)TESTOTHEFINAfrXIALsfATEMENTS ICOPIIII•JEDI FOR THEYEARE14DEO 31 MARCH 2023 71)
IIEABBEYFtELD ICHwcifsJ SOCIErY upAirED ,A"comDanyllmlted byBuarartee and not ha¥kn¥a slKretapaIj -. IiIFD INCOME& EXPE14DifuRE Atcouiir KJR ThEYEAR ENDED31 MARCH 20L 2022 ,.ff•meana expenaitsrelromltlnp Re51dentll chwKes Oth•T Incom• Donati¢)n JRF Grant Rerrived bank Interest Tece5vable 259.274 210A28 264 13.644 1.733 226,069 2ffj19 271.994 4rei M3nagemeni expense Audit and accntlIeS Affillatlon lee In$uran¢¢ Natwest Mentorstheme 4d¥erthth# rr Costs Commlttee Exoense Setretarlèl & Postaie B•hkCh•rtes 7,108 3547 4.160 1.728 6.56C. 77 1,728 156 4.431 1222 2? 753 21,177 799 'J333 D•mten•Te 25.937 139 Ma1 Rep•lTs moloye• coys Llehi, heat •)d ter '"ood costs Misreuaneo Courtll Tax Garden Ntalntenance Reshyents events Call Sysrem Telephone aeanln4Co5ts Staff Weware c05t Yralnlng He8lih &Safety Extraordlnarychwte DeDreclatlon 139,083 24.254 14.077 135.792 13.187 12,708 1562 3,270 3N17 6.6i2 2.¢)46 3.155 2340 3564 4.iu£ 2,048 3.217 2,201 2,752 1281 600 772 5.078 21.104 23.414 18.odl 200%62 14tal ewpendliure 297.101 240,177 DthEltfvrtheye¥ 25.107 114.1081