REGISTERED COMPANY NUMBER.. 01084439 (England and Walesl
REGISTERED CHARITY NUMBER.. 265137
Report of the Trustees and
Unaudlted Flnanclal Statèmènts for the Year Ended 30 September 2024
The Abbeyfield West Herts Society
Llmited
DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

The Abbeyfield West Herts Society
mited
Contents of the Financial Statements
for the Year Ended 30 September 2024
Pagè
Report of the Trustees
Independent Examiner's Report
ststement of Financlal Actl¥ities
8alan¢e Sh¢et
Notes to the Flnancial Statements
8 to 14
Detalled Statement of Financlal Arti¥itses
15

The Abbeyfield West Herts Society
mited
Report of the Trustees
for the Year Ended 30 September 2024
The trustees who are also directors of the charity for the purposes of the Cownpanies Act 2(X)6. present their report with
the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective l January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Society exists to provide a happy environment within the community of Abbots langley for supported living
accommodation for up to 12 elderly residents. The Society owns a property 'Tannerswood' at 11 Greenways in Abbots
Langley which it maintains and runs for this purpose.
KPIS
Metr1¢
Reinvestment
New Supply Delivered
Gearing %
EBITDA
Headline Social Housing costs per unit
OperatinB Margin Iletting onlvl
Operating Margin loveralll
ROCE
2024
2023
£13,5141
£5,106
-5.6%
4.1%
-5.3%
-1.1%
0.4%
0.5%
Page I

The Abbeyfield West Herts Society
mited
Report of the Trustees
for the Year Ended 30 September 2024
FINANCIAL REVIEW
Financial position
Rent31 income wa5 once again increased1+13%1, reflecting successful efforts to maintain high occupancy leve15 as well as
rent increases to ensure the finances of the home remain on a sound footing.
We have continued to invest significant sums into major repairs and refurbishment of Tannerswood including external
redecoration, further window replacements and refurbishment of rooms as tenants vacate to ensure they are attrartive
for re-lettin8. In addition, we have installed solar panels which will reduce future electricity bills as well as contributing to
carbon reduction.
We have ensured staff salaries remain competitive. in order to retained our excellent staff team.
Following the very large increases in the previous year lin common with all users of energy). our utilities bills have not
increased further this year, and we expect to seè a fall in the coming year as we benefit from the impact of the solar
panels.
Overall, through caTeful mana8ernent of day-to-day expenditure, our costs rose in line with the increase in rental income,
en5urin8 the operating mar8in on lettin8s was once again close to breakeven.
We received a number of donations durin8 the year, and higher interest rates have provided a small additional source of
income. Other than the solar panels, which will provide direct financial benefit in future years, our income covered all
costs including the investment in the building without utilising reserves.
Flnaneial outlook
The Trustees remain ¢onfident that the house is susiainable on the Current basis and we Continue to plan redecoration
nd refurbishment for the Coming year.
We will also seek to continue to pay market rates for our staff to ensure we remain fully-staffed and can provide the
service expected.
We anticipate that the recent increase5 in energy bills will be mitl83ted as a result of the solar panel installation.
We will do our best to minimise the impart for residents in terms of future ￿nt increases,. but we recognise that we need
to ensure the future financial stability of the home. We monitor our rent levels in comparison with other similar homes
nearby and we are confident that Tannerswood continues to offer excellent value for our residents and lower rents than
comparable homes nearby.
The Trustees are satisfied that at current occupancy levels. we can fund ongoing expenditure and re-investment from
rental incorne and that we have Sufficient re5erve5 in case gf any major unplanned repairs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governin8 document, a memorandum and articles of association, and constitutes a
company limited by guarantee, as defined by the Companies Act 21KJ6.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
01084439 IEngland and Wales)
Page 2

The Abbeyfield West Herts Society
Limited
Report of the Trustees
forthe Year Ended 30 September 2024
Registered Charity number
265137
Registered office
Tannerswood
11 Greenways
Abbots Langley
Watford
Hertfordshire
WDS OELI
Trustees
Mr M T Bedford Treasurer
Ms R Gabriel Chair
Mr l King
Mr5 E A Moore
Ms C H Quinton
Mr P M Iow5ev
Company Secretary
Mr M T Bedford
Independent Examlner
DUX Advisory Limited
hartered A¢countants
Kennel Club House
Gatehouse Wav
Aylesbury
Buckinghamshire
HP19 8D8
Approved by order of the board of trustees on
1010312025
and signed on its behalf bv..
Mr M T Bedford - Trustee
Page 3

Independent Examiner's Report to the Trustees of
The Abbeyfield West Herts Society
Limited
Independent examiner's report to the trustees of The Abbeyfield West Herts Society Limited I'the Company'l
Responsibilities and basis of report
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.
As trustees land also its directors for the purposes of company lawl you are responsible for the preparation of the
accounts in accordance with the requirements of the Companies Art 2CK161'the 2￿)6 Act'l.
Havin8 satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Charities Act 20111.the 2011 Act'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of
the 2011 Act.
Independent examiner's Statement
I have completed my examination. I confirm that no matters have come to rny ottention in connection with the
examination giving me cause to believe..
l. accounting records were not kept in respect of the Company as required by Section 386 of the 2CQ6 Act,. or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than anv
requirement that the a¢counts give a true and falr vlew which Is not a matter considered as part of an Independent
examination- or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accountin8 and reportin8 by charities lapplicable to charitie5 preparin8 their account5 in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a Proper understanding of the accounts to be reached.
8ianca Permal FCA
DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Wav
Aylesbury
Buckinghamshire
HP19 8DB
Date..
1010312025
Page 4

The Abbeyfield West Herts Society
mited
Statement of Financial Activities
Ilncorporating an Income and Expenditure Account)
for the Year Ended 30 September 2024
30.9.24
30.9.23
Total
funds
Unrestricted
fund5
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,484
3,010
Charitable activities
Rental income
240,988
213,379
Investment income
925
392
Total
244,397
216,781
EXPENDITURE ON
Charitable activitie5
Repairs and Renewals
Admin & other expenses
Staffing costs
44,005
9,977
134,915
26,242
24.757
6,607
3.528
4,487
32,588
6,128
115,615
26,418
21,743
4,148
3,552
5,631
Housekeeping
Depreclation of fixed assets
Accounts produttion fees
Insurance
Other
Total
254,518
215,823
NET INCOMEIIEXPENDITUREI
110,1211
958
RECONCILIATION OF FUNDS
Total funds brought fonMard
189.310
188,352
TOTAL FUNOS CARRIED FORWARD
179,189
189,310
CONTINUING OPERATIONS
All incorne and expenditure has arisen from continuinB activities.
The notes fomi part of these financial statements
Page 5

The Abbeyfield West Herts Society
mited
Balance Sheet
30 September 2024
30.9.24
Unrestricted
fund5
30.9.23
Total
funds
Notes
FIXED ASSETS
Tangible assets
Social investments
390,194
1279,9241
372,209
1279,9241
110,270
92,285
CURRENT ASSETS
Debtors
Cash at bank
2.451
84.113
955
101,665
86,564
102,620
CREDITORS
Amounts falling due within one year
io
117,6451
15,5951
NET CURRENT ASSETS
68,919
97,025
TOTAL ASSETS LESS CURRENT UABIUTIES
179,189
189,310
NET ASSETS
179,189
189,310
FUNDS
Unrestricted funds
li
179,189
189,310
TOTAL FUNDS
179,189
189,310
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2CXJ6 for the year
ended 30 September 2024.
The members have not required the company to obtain an audit of its finantlal statements for the year ended
30 September 2024 in accordance with Sèction 476 of thè Companies Act 21K)6.
The trtjstees acknowledge their responsibilitie5 for
ensuring that the charitable company keeps accountin8 records that comply with Section5 386 and 387 of the
Companie5 Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2￿6 relating to financial statements. so far as applicable to the charitable company.
The notes fomi part of these financial statements
Page 6
continued...

The Abbeyfield West Herts Society
mited
Balance Sheet- continued
30 September 2024
These financial statements have been prepared in actordance with the provisions 3pplic3ble to charitable companies
subject to the srnall companies regime.
1010312025
The financial statements were approved by the Board of Trustees and authorised for issue on
signed on its behalf by..
and were
Mr M T Bedford - Trustee
The notes forwn part of these financial statements
Page 7

The Abbeyfield West Herts Society
mited
Notes to the Financial Statements
for the Year Ended 30 September 2024
ACCOUNTING POUCIES
8asis of preparing the financial Statements
The financial Statements of the charitable company. which 15 a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive I january 20191,, Financial Reporting
Standard 102 'The Financial Reportin8 Standard applicable in the UK and RepuL71ic of Ireland. and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and
considered relevant information. including the annual budget and ftsture cash flows in making their assessment.
Cfltlcal accountlng jud￿ments and kèy sources of estimation untértalnty
In preparin8 the financial 5tatement5 It 15 necessary io make certain judgements, estimates and assumptions that
effect the amounts recognised in the linancial ststements. These assumptions are rea5se55ed annually as part of
the accounts preparation process.
In the view of the trustees apptyin8 the accounting policies adopted, no judgements were required that have
significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions
made carry a significant risk of material judgement in the next financial year.
Income
All income is recognised in the Statemeni of Financial Activities once the charity has entltlement to the funds. It Is
probable ihat the income will be received and the amoyni ¢8n be measured reliably.
Donations are reco8nised in full in the Statement of Financial Activities when entitled, receipt is probable and
when the arnount can be qvantilied with reasonable accuracv.
Grant income is credited to the Statement of Financial Artivities when received or receivable whichever is earlier,
unless the grant relates to a future year. in which case it is deferred. Income from charitable activities is credited to
the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific
future year or event, in which case it is deferred.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure. it is probable ihat a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where t05ts cannot be directly
attributed to particular headin8$ they have been allocaled to artivities on a basis con515tent with the use of
resources.
Tangible fixed a55etS
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where
parts of an item of tangible fixed assets have different useful lives, they are accounted for as a separate items of
tangible fixed assets.
Depreciation is provided at the following annual rates in order to write off each asset over its useful estimated life,
on a straight line basis or. if held under a finan￿ lease. over the lease term. whichever is shorter.
Solar panels- IO% on cost
Fixture5 and fitting5- 25% on c05t
Page 8
continued...

The Abbeyfield West Herts Society
mited
Notes to the Financial Statements- continued
for the Year Ended 30 September 2024
ACCOUNTING POLICIES- continued
Tangible fixed assèts
Freehold property- 2% on cost
Taxation
The charity is exempt from corporation tax on its charitsble artivities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes v4ithin the objects of the charity. Restrictiorns
arise when spècified by thè donor or when funds are raised for particular restritted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to ihe financial siatements.
Pension costs and other p05t-retlrement benefft5
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable
company's pension scheme are char8ed to the Statement of Financial Artivities in the period to which they relate.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand. deposits held at call with banks. other short-term highly liquid
Investments with original maturities ol three months or less and bank overdrafts. Bank overdrafts, when
appllcable, are shown within borrowings in current liabilities.
INVESTMENT INCOME
30.9.24
30.9.23
Deposit account interest
925
392
NET INCOMEIIEXPENDITUREI
Net income/lexpenditurel is stated after charginfjlcreditingl..
30.9.24
30.9.23
Depreciation owned assets
Independent examination fees
Other accounlancy fee5
6,607
1,740
1,788
4,148
1,740
1,152
Page 9
continued...

The Abbeyfield West Herts Society
mited
Notes to the Financial Statements- continued
for the Year Ended 30 September 2024
TRUSTEES, REMUNERATION AND BENEF￿s
There were no trustees, remuneration or other benefits for the year ended 30 September 2024 nor for thÈ year
ended 30 September 2023.
TTU5tees' expenses
There were no trustees, expenses paid for the year ended 30 September 2024 nor for the year ended
30 September 2023.
STAFF COSTS
The average monthly number of employees during the year was as follows..
30.9.24
30.9.23
li
Number of staff
No employees received emoluments in excess of £60,C￿.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcllviTIES
Unrestricted
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,010
Charltable artlvttles
Rental income
213,379
Investment income
392
Total
216,781
EXPENDITURE ON
Charitable actlvltles
Repairs and Renewals
Admin & other expenses
Staffing costs
32,588
6,128
115,615
26,418
21,743
4,148
3,552
5,631
Housekeepin8
Depreciation of fixed assets
Accounts production fees
Insurance
Other
Total
215,823
Page 10
continued...

The Abbeyfield West Herts Society
mited
Notes to the Financial Statements- continued
for the Year Ended 30 September 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted
funds
INCOME
958
RECONCILIATION OF FUNDS
Total funds brought forward
188,352
TOTAL FUNDS CARRIED FORWARD
189,310
TANGIBLE FIXED ASSETS
Improvements
to
propertv
Fixture5
and
fittin8S
Freehold
propertv
Totals
COST
At l October 2023
Additions
487.340
48,023
S35,363
24,592
24,592
At 30 September 2024
487.340
24.592
48,023
559,955
OEPRECIATION
At l October 2023
Char8e for year
115.131
4,148
48,023
163,154
6,607
2,459
At 30 September 2024
119,279
2,459
48,023
169,761
NET BOOK VALUE
At 30 September 2024
368,061
22,133
390,194
At 30 September 2023
372.209
372.209
Page 11
continued...

The Abbeyfield West Herts Society
mited
Notes to the Financial Statements- continued
for the Year Ended 30 September 2024
SOCIAL INVESTMENTS
Other
inve5trnent5
MARKET VALUE
At l October 2023 and 30 September 2024
1279,9241
NET BOOK VALUE
At 3Q September 2024
1279,9241
At 30 September 2023
1279.9241
This is a 8rant re¢eived to pay for the property which is due back to the 8overnment if the ¢harity was to ever sell
the property.
DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
30.9.24
30.9.23
Prepayments
2,451
955
io.
CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR
30.9.24
30.9 23
A¢¢ruals and deferred in¢ome
Payroll accrual
5,372
12,273
5,595
17,645
5,595
ii,
MOVEMENT IN FUNDS
Net
movement
in funds
At
1.10.23
At
30.9.24
Unrestrlcted funds
General fund
189.310
110,1211
179,189
TOTAL FUNDS
189,310
110,1211
179,189
Page 12
continued...

The Abbeyfield West Herts Society
mited
Notes to the Financial Statements- continued
for the Year Ended 30 September 2024
ii.
MOVEMENT IN FUNDS- contSnued
Net movernent in fund5, included in the above are a5 follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
244,397
1254,5181
110,1211
TOTAL FUNDS
244,397
1254,5181
110.1211
Comparatlves for movement In funds
Net
movement
in funds
At
1.10.22
At
30.9.23
Unrestrlcted funds
General fund
188.352
958
189,310
TOTAL FUNDS
188,352
958
189,310
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
216,781
1215,8231
958
TOTAL FUNDS
216,781
1215,8231
958
Page 13
continued...

The Abbeyfield West Herts Society
mited
Notes to the Financial Statements- continued
for the Year Ended 30 September 2024
12.
RELATEO PARTY DISCLOSURES
There are no related party transactions for the year ended 30 September 2024 nor for the year ended 30
September 2023.
Page 14

The Abbeyfield West Herts Society
mited
Detailed Statement of Financial Acti¥tties
for the Year Ended 30 September 2024
30.9.24
30.9.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
2,484
3,010
Investment income
Deposit account interest
925
392
Charltable activbtSes
Grants
240,988
213.379
Total Incomlng rèsources
244,397
216,781
EXPENDITURE
Support C05tS
Flnance
Wages
Pensions
127,225
7,690
26,242
4,487
44,005
24,757
9,977
6,607
109,175
6,440
26,418
5,631
32,588
21,743
6,128
4,148
Insurance
Repairs and renewals
Htsusekeepin8
Admin & other expenses
Depreciation of tangible fixed assets
250,990
212,271
Governance c05tS
Accountancy and legal fees
3,528
3,552
Total resources expended
254,518
215.823
Net lexpenditurelllncome
110,1211
958
This page does not fonn part of the statutory financial statements
Page IS