Comp2ny registratioll numbei. 1108309 Charity registration number 266471 Registei'ed Social Landloi'd number l-T1335 The Abbeyfield Buckland Monachorum Society Limited (A company limited by gu￿alltee and without share ¢apilal) Directors, report and Accounts For the yeai ended 30di September 2024 Registered office and principal address Pilcher's Field, The Crescent, Ciapstone, Yelverton, Devon PL20 7PS The Abbeyfjeld Buckland Monachorllni Society Limited Directors, report and accounts for the year to 30th September 2024 Contents Pages Directors, report Accountant'5 report Statement of Compi-ehensive Income Statement of Financial P051tion Statcment of cash flow Notes to account 8-12 The Abbeyfield Buckland IVIonaehorum Society Limited Directory, report For the year ended 30th September 2024 Th6 dir¢ctors present tlieir report and unaudited finanGial 5tatenie]its for thc year ended 30 Septen)bei 2024. Collstltv£ion Th¢ Soci¢ty ss a conipaily liniited by guayantee iiurnbGr 1108309. a regtstered provider of social housiiig HI 335 under the Housing kmd Regeneration Act 2008, atsd a r¢gi5teird ¢harity number 266471 governed by ils memorandum aiid articles of asso¢iatioii. Th¢ member8 ofthe SocEety appoint a committec of directors to anagE the So¢i¢ty. The Society is a piibli¢ benefit entity. The number af ]neinb¢is of the Society as of 301h Septeniber 2024 w#$ 12. MembErs consider1￿e ac¢ounts, this report of the coinmittee of direGfroi"s and the election of dircctors attlie aRrtual 8eTheral meetjll8. St&temeDt of direetors respoR5ibilittes The director5 who air a150 triistees for charity lèw puryoses are re5E¥)nsible for preparing this report and tlle finaNcKal stat¢iDents in acrnrdancc with applicable law and IEgul&tLVtis. Coinpany law and iEgistcr¢d social housing legislation iequire the l)irectors to piepave financiktl 8tsl¢men15 for each financial ye&r. Undcr Ihat law th¢ Diretitors hdve elected to prepare tlie financial stateinents in accordance wi111 General Accepted A￿0￿￿ting practicc (Unit¢d Kingdom Accounting Standards and applicable law}. Under eompatiy law the Dire¢tors m1151 nDt approve the financial Stal¢tt)e￿ts wiless they are sat15fiEd th* tliey giv¢ & tru¢ aiid fair viEw Df tlie state of affairs of the conipally and of the Surplus or deficit of the company for that period. Iii pr¢pa¥ing these financi31 sÈat6ments tlie di￿GI￿r3 are reqiiired to.. select suitabl¢ accouThting policie5 and theii apply them consistently make judgernents and acttounting estiinates ihat are rcasonable pnid¢nt obserye the methods al￿ Pri￿cipleS in tbe Rtgist¢rcd Social Housing Providers, 2014 SORP as updat¢d in2018 state wheth¢r applicable UK A¢¢oiinting Standards have beets followed, 5ubj¢ct to any material departures dis¢I0sed and explained in tlie accoiint5 prepare th¢ financial statements on a going con¢em ba5i5 iinl¢ss it 15 iTrappropriate to assume that the company will continue in business. The diirctors al'e re5P0115ible for ke¢ping proper aGGounting r¢¢ords which disc105¢ Wlth reasonable accura¢y at ally time the fjnancial positioii of tlie company aiid enabl¢ thcni to ensure that th¢ account5 comply with the CDmpanie8 Act 2006. T]iey are also re5pullsible foK saleguaiding the assets of the company and hence for taking reasonable steps for the prev¢ntion and dclection of fraud oth¢r irregularities. Risk mAnggenient Tli¢ major risk8. to which the Society 15 exposed, gs identifjed by the directors, h&ve been ￿viewed and systems have been e5t¥tblished to mitigatc those risks by iising the relevant Abbeyfield stsnd&rd pmcedures. Aettvit1¢8 Tli¢ principal activity of the Society is to provide acconimodation, Gare and ¢ompat]ionsliip for lonely or frail Elderly people in accordan¢¢ with the aims and principles of Th¢ Abbeyfield Society Liinited. Duritig the year the Society a¢hieved ali occupancy l¢vel of 94.0/0 at its sheltered hoine. The occiipan¢y level at the date of this report is lOOfj/ The Abbeyfxeld Bu¢kllliid Monachorum Society Limited DireLturs' report For tbe yeAr eiided 10th September 2024 ir¢clor5 Tlic direcior.% nittt in coniEJiittec SI￿ tiintt a Ye￿.. Tli03c wko sei'ved were-. Mr K F¢iriTrSiaiii Mrs R Kehov MrN M￿X*¢I1 Mr K Topham Mr N fvla%w¢ll and Mvs R Kelioe relii'e by rorntion viTer tli¢n15¢1ves tor r¢-rlr¥lion. Cliairnian F{oll-l￿aslTreT 4?Iid CoiMfv111y Se¢retaiy Cpolng eoncer At Eh¢ balance sheet dat¢. the S(Ki¢Éy had net curreiit assGt5 of L?4,27.fi aiid agre¢nient by ClTrlliiiy Ballk Liiiiiled to pioi'ide fi￿￿]n￿ of kOOO,000. .111¢ diiEclors )i-¢ not aivaye of aiiy iiidicdlws 10 Euggtsl that Sli￿lL1￿￿t fiiiids ivill iioi bc availablk to meet all activitits of tlie Soctery in¢ludiiis coinpl¢rioii of Ilie iJ¢w ¢xi¢nsion beiiig biiilt. Thc fiuaii¥ial slaiem¢nls havL djeielore been pirpared oi) a going LonL¢Vtt basis. R¢vieiY aiid resiilts of business dui'irtg the yea). Ilie diiEclors hiive obraiiitd grahi tundiiig froin HoiiiLs Engl￿tI)d aiid bui)k tunding tkoiii Cliariiy BlÉ ilk Lii)iiied to fuiid th¢ buildiiiE of n fivL-unit LXtLnsioii 10 bc let on social nnls. RM Builders & CoTrttaclor£ LtLI of 'Tdvi&lotk is cotitiacted lo ¢ompl6tB ilic l)uildinu) b), Marcli 202.5 In tlLL year theiE wa% an oper4ÈtiiuF surplus of £11,180 (2023 £30,473) before finaticiiig costs. Ove1211. rhere is surplus of 119.978 {20?3 £18,283) io the yeat. The &uLee%4 tTrf Ili¢ li()iiie ¢esLs with the and the vi)lunteers wh(l Lreat¢ a PO8ihv# anihicnLc fiiiu of the lioiiie. Va14]e for Money metrics 'I'he KegiilHtor for 5ociJl liousing tssu¢d a revis¢d Value lor Mon¢y slnndard in Api'il 2024 and ITquir¢s lis 10 report on ce.rtUill 1netrics as get oui beloiv: Meti'ic 2024 2023 Reiiive51iiient (￿1￿) New Supply- SOc￿al housillg iirÉits e,,.} New S'iipply- ii(>n social hoiisiiig iinits. C/ol Geai'iiig IV/) EBITDA MRI inteiESt c()i'ei' lQ/o) Headliiie social13ousin4 cost per unli ClpÈi'atii)g n)ai¥Yn (social hou8111¥ letiing%) (O/) Operaiing inal.￿in (Overall) (/0) Rettiin on capital ￿7)p10Yed l¥.) 2(bl (?3.20/01 6130/0 £li,044 £12.666 6a 6b 17.6D/o 3.Yg'• 2.00 Signed b), or(l%r rihe CoJnn)ille¥ of director% Date 28 Novcmbei ?024 K Farnli&in D ectoi. The Abbeyfield Buekland Monachorum Society Limited Accountants. Report to the Members of The Abbeyfield MoMachorum Soelety Llmited. I report oll the accounts of the Socitty for the year ended 30 September 2024 SEt out on pages S to 12. This report is made solely lo the So¢i¢ty's mEI?IbErs, as a body, in accordan¢e with SectioK 145 of the Cliarities Act 2011. My work has be¢n unde¥iaken so that I Inight state to the Society's m¢mbers those matters l am requifed to state to th¢m in this independ¢nt accountants, report and foT DQ Other purpose. To the fullest exttnt permitted by law, I do not accept or assume rcsponsibility to anyone otlieT than tli¢ Society and the Society's members as a body, for my rtporling Work, for this r¢port. or for tlie opinion5 I have formed. Respective responslbilities of momber5 And ¢x8miiier The members (who are a150 the directors of the company for the PUTposes of company lawl arc responsible for the prepai?tion of the account5. The member5 consider that an au(lit is not rquired for this Y￿ar under se¢lion 14412) of the Charities Act 2015 and Section 136 of the Housing and R¢¥ei)eration Act 2008. Havin¥ satisfied Tnyself that the So¢i¢ty is not subje¢t to audit I report in respect of Tny exatninaiioll of your Society's accouttis carried out under sec¢ion 145 of the 2011 Act. IM cai'rying out my exatnination T have followed the procedures laid down iti th¢ getteral l)ii"ection8 givcn by the Charity Commission undeT section 14515llbl of the 2011 Act wjd section 138 of the Housijig and R¢generatioll A¢l 2008. BH5i$ of exgmlhier s report My examination includes a review of the a¢¢ounting records kcpt by the Soc4ety and a compari50n of the accoviils presented with those ttcords. It also includes coDsid¢ratlDll of any unusual items or di5closurds in the a¢¢ount5, and seeking explanations from you as members conceriiing any such inatters. The PTo¢edures LEndeitsken do not provide all thc evidence th￿ would be wuired in an audit and conscquently no opitTrion is given as to whethei. the acwunts present a'lrue and fail. view" and Ihe report is limiled to those matters set out in th¢ statemeni below. Examlner's stfilement In connectioll with my examination, no matter has ¢oElle tD my atÈ¢ntion whicb gives me reasonable cause to believe that, in any material Y¢spect'. accounting re¢ords were n()t kept in ac¢ordance with section 135 of the Housing and Regeneration A¢t 2008. or th¢ a¢¢ount5 do not accord with those recoiyls; or the accounts do not comply with the requiJEmellt5 of sectson 396 of the Comp2llies Art 2006. lh¢ HO￿sing Re8ene¥alion Act 2008 and th¢ Accounting Diirction for Private R¢gistered Providers of Soci81 Housing 2015. or the accoujts have nol bEeiJ piEpRred in accordante with the methods and principle5 of (he Statement of Re£ommended Practice for accounting and reporting (SORPI for rebyiblertd Social Housing Providcr5 2014 lupdatEd 20181, Hpplicable to entitf¢8 piepaTTng theii. accounts Èn accordanrK with the Financial R¢portitl8 Standard IFRS1021' or the acLx)unts do not comply wilh the reqllirements of th¢ ChaTlties Act 2011. I have iio concert]s and hav¢ ¢om¢ acYos5 Jlo other mailers in conne¢tion with the examittation to whi¢h attention should b¢ drawn in this rqjort in ord¢r to et)abl¢ a prop¢r utsdeFstanditEg of the a¢￿u￿t5 to be reached. Claire L Taylor BA IHons}, F.C.C.A Chadwick5 C'.hartcrcd Accountants Statutory Allditors c.apital House 272 Maiicliestcr Road Droylsden Manchester M43 6PW Dale.. 28, Novenibei. 2024 The Abbeyfjeld Buelil#nd Monachorum So¢iety Litnit Statement of Comprehensive Income Year ended 30th September 2024 Notes 2024 2023 Tui'nover Opei'attng expenditui'e 190,380 (167,200) 173,404 (142,9Jl) Operating Surplus 23,180 30,473 Finan¢e income Goveit)ment funds receivable Finance costs 3,952 827 (7.154) (13,017} SIErplus before and after taxation being the total comprehellsive income for the year £19,978 £18,283 Statement of chAnges in Reserves Itt¢ott￿ and ResMct¥d Total Expendimre R¢5orve Reserve Balance of Reserv¢s at 30th September 2023 Surplus for the year Transfer of restricted income to Regtrictsd Reserve Balai)ce of Reserves at 30th September 2024 581,705 33,699 19,978 (2,275) 2,275 £599,40¥ £35,974 £635.382 615,404 19,978 The notes on pagcs 8 to 12 foi'm part of these financial statements The Abbevfield ljutkl#nd Monliehorum isoeietv Limited Statement of FÉnancI￿] Position 'eai' ended 30th Sei>tetnber 2024 2024 2023 Tangihle Assets T￿lL)ible fixLd assets - hoiising propei'ly 925.198 68S,388 Curi'ent #sxets '1'rad￿ I'eceiiiables 54.210 74.18C) 128,396 230,592 ?54,478 Trude pa)i&blcs: aniou17t due Wirliiii one yeai. Net currL'nt assets Total assets less current liabilities 8 30,203 30,218 224,27) 1.149,473 9%,178 783,566 Trade i)ayables'. amounts due afier more than c)ne Ye￿ 8 514,091 168,162 Net A825ets £6)5,382 £615,404 Shar¢ Capilal bie()me and P