Company registration number 1108309
Charity registration number 266471
Registered Social Landlord number H1335
The Abbeyfield BuckIand Monachorum Society Limited
(A Lompdny limited by guarantee and without share capital)
Directors, report and Accounts
For the year ended
30 September 2025
Registered office and principal address Pilcher's Field, The Ciescent, Crapstone.
Yelvcrton, D¢von PL20 7PS

The Abbeyfield Buclcland Monachorum Society Limited
Directors, report and accoullts for the year to 30th September 2025
Coiitents
Pages
DiLtctors' ieport
Accountant's repoit
Statement of Coniprehensive Incomc
Statement of Financial Position
Statement of cash flow
Notes to account
8-12

The Abbeyfield Buckland Mon&ehorllm Society Limited
Directors, report
For tlie year ended 30tII September 2025
The direotDT5 present their r¢w)rt and ullaudited f￿antial stateinents fov the year ended 301h September 2025.
Con8tltutlo
The Society &s a Coiiipgny Ili￿lted by guaizlltee n￿mber 1108309, a ve8iStercd provider of 80cial housing H1335
under tlie Housing aÉid Regelleration Act 2008. and & registered charity t)umber 266471 governed by its
JnemoranduM and aitiLles of asso¢iatiotk. The membej's of the Society appoitTrt a ¢oinmittee of dir¢clors to
mallage the Sooiety. Tli¢ So¢i¢ty is a piiblic benefjt entity.
The ttumber of members of the Society as of 301h septemb￿ 2025 was 12. Members ¢onsider tlie accounts, this
report of the committee of directors and tbe election of diKectors at tlie anni7￿ geneial meeting.
StAtÈmeiit of dlrettors, responsibilities
The diYe¢tois who al'e also tsu5tees foi. charity law purposes art rc%pottsible for prcparing tkni5 re￿)rt and the
rtsJanci&l statements in accordance witli applicable law and ¥egiilatioJs. Comp8ny law and registeitd.%ocial
housing legislation the Direct￿'S to prepai'e financial 5tatetnents for ¢a¢h financi￿ year. u[￿er that law
the Directo￿ have elected to prepare the finaDtsial slalenients iii accoi'dance with Gcneral Accepted A¢couiiting
praetice (United Kingdom AecouEiting Standards and applic&ble law).
Under company law t]ie Dirtttors miist not appvove tlje fin&ncial ststemehts they are satisfIed that tbey
give E tlue and fair vieiv of the state of affairs of the cotllP&lly and uftlie SUTplus or deficit of the coinp&ny ftsi.
that ￿riod. Jn preparing these financial statements tile directors are iEquiredÉo.'
select suitable accounting policies and then applythem ronsistently
make judgetnellts and accoiinting estitnatcs tliat are reasonable and pwdent
• observe the methods aml prillciple5 in Regi#ered Social Housin8 Providers, 2014 SORP as updated
in2018
• state wliether applicable UK A¢¢oiinting Stand3rds have been followed, subject to aAy material
dtp&rtures dis¢losed and expl&iiied iii tbe accounts
prepare the fJnan¢ial statemeijts oil a going COllce1￿ basis unles5 it is inappropri8te tt> assume d)atlhe
conipany will ¢ontiuu¢ in business.
The directoiE are responsible foj. keepi￿￿ pmper a¢eounting ie¢ords which disclose with reasonabSe atcuiaty at
aiiy time the financia] position of the COlDpaiiy attd enable thein to ensuiE that tlie a¢¢ounts ¢omply with the
Coinpanie5 Act 2006. Th¢y also responsible for Safegua1￿l￿g the assets of the cojnpaiiy ￿ld hence for
taking reasonable steps for the prevelltion and dctection of fraud and oth¢r Irl'egul￿ities.
Ris1( maTJag¢ment
The major risks, to w1￿ch the Society is exposed, as id¢ntifi¢d by th¢ directors, have been reviewed aryd Systems
ljave be¢n establisked to llLitigate those risks by iising the irlevaAt Abbeyfield standard procedwes.
Aetlvitie8
The principal a¢tivÈty of the Society i5 to provide accDmmodalion, care and compallionship foi. lonely or fjail
elderly people ill accofdance with the aims and pi'Énciples of Abbeyfield Englattd Limited.
DuIing ihe year tlie Society athieved an occupaiicy level of 99.711/0 at its sheltsred home. The occupallcy level at
the d&te of tliis report is lOO%.

The Abbeyfield Buddand Monachorum Society Limlted
Direetors, report
For thc year ended 30tk September 2025
Directors
The director8 meet in committee SÉX times A year. Those wbo served were:
Chainnan
Mr K Farnham
Mrs RKehoe
MrN Maxwell
Mr K Topham
Mr K Farnham and Mr K Topham retire by rotstion and offer themselv¢s for re-election.
Hon Treasurer and Co]llpatty Secr¢tary
Goittg ¢olleern
At the balance sheet date, the So¢i¢ty had nel current liabiliti¢s of £17,729 alld agree]nent by Charity Bai)k
Limited to provide fi]rther funditig of £82,000. Following complction of the ¢xtensio# the Svciety received the
ftllal i11staiment of grartt fvndit)g from Holnes B1￿[aNd of £160.862 19 November 2025. The directors are
not awate of any indicators to suggest that Sllffieient funds WAII llot b¢ ¥vailable to Ineet all ojjgoing activities of
the So¢iety including the completion of tlle new extensioD. Th¢ finallciai statement& have therefore been
prepared on a going concern basis.
ReYi¢w #nd results of business durlng th¢ yeAr
The direct¢)ts have ahtAined grant fullding from Homes Ei)812lld and bank funding froni Charity BaDk Limited
io fvnd the building ot a five-uuit extensinn to be let ￿ social rents. Completion was scheduled for Marcli 2025
but due to ctxTrtractor delays pn¢tical completion was reached on 22. O¢lober2025.
Ill the year th¢re was an operating surplus of £21,597 (2024 £23.180) before fllwicing ¢o$ts. Overdll. there is
surplus of £22,600 (2024 £19,978} iti the year.
The su¢¢os of the home rests with the staff and the voluTrteers who create a posit5vc ambienc¢ forresidents.
WE pay slaff at least the living wage a% dctermined by the Livillg Wa¥eFoundation. The cOm￿lttee th￿)kS all
those who devote their time to the running of th¢ home.
Valuc for mo￿eY metrics
Thc Rcgulator for Social housllig tssued a revised Valu¢ for Money standard in April 2024 and requires us to
report on certain metrics as set out below..
Metric
2025
2024
27.3Yo
R¢investm¢nt{Y.)
New Supply- s￿1￿1 hoiisiajguiiits (YD
New Supply-non social housing units {%)
Gcaring (%)
EBI'IT)A MRI ittlerest ¢ov¢r{Oh)
Headlin¢ socijl housing ¢i)a per utiit
Opel￿till8 maTgin (Social liousijjg l¢ttingsl l°h)
Op¢ra¢ing margin (Overall) (%)
Return on capital ¢EDployed (%}
47.5
21a)
2(b)
30.20/0
522%
£1&036
9.*/
(23.2)0/ts
613%
£15,044
12.2%
12.2%
2%
6b
1.3%
Signed by Ord￿ of the Committe
K Farnhatn Director
f dire¢tors
6th March 2026

Tlie Abbcyfield Bu¢kland Monachorum Society Limited
A¢touiit#nt$' Repoi* to the Members of The Abbeyfield MonAchorum Society Limlted.
I IEPOrt oii the accounts of tlie SoGÈety for the year ended 30 September 2025 set out on pag¢s S to 12.
This report is illade soltly to the Socicty's members. as a body, in accordanG¢ With Section 145 of the Charities Act 2011. My
woyk has been UlMtert&ken so that I might stale to the Soci¢ty's m¢nibers thos¢ matters l arn required to state to th¢m in this
ind¢p¢ndElIt account￿)1$ report and for 110 Otlier purpose. To the fullest extent permiiied by law, I do Dot accept oy assume
responsibility to aiiyone oihei. that> the Society and the Society's meinbeT5 a5 a body, for my repoiling woi'k, for this report. or for
tlie opiiiions I have forined.
Respettive responsibilities of membeys and exsmimer
Tlie mernbeTS (who are also Ihe directors of the company for th¢ purposes of ¢omp2ny lawl are IEsponsible fDi the pi'eparaiion of
the accollnts. The membus consider Ihai An audit is t￿1 required for this year uttder section 144121 of ihe Charities Act 2011 and
section 136 of the Hollsing and RegeE]eration Act 2008.
Having satisfied myself that the Society is not subject to audit I repoil iii re$￿t of my cxamination of your Society"-5 ar¢ounts
rKied out undey se¢tion 145 of tlie 2011 Act. In carryin8 OUt my examillation I have followed the procedure5 laid down in the
general DiYectFons given by the Cliariry Commission under seclÈoJi 14515llbl of the 2011 AG¢ and s¢ctioTh 138 of the HDusing and
R¢genei'&lioJi Act 2008.
Bgsi5 of cxAmlner 5 I'eport
My exaiiiinatioii includes a review of the &ccoullling recDvd% kcpt by the Society and a compglison of the account5 presenied Mqth
those recoiyls. It also include5 ctsttsidei?tion of aiiy ullusual items or disGIosuiES in the aLLvunts, and seeking explallalion% ftom
you n1cmb￿S coi)ccinÉn8 any such mattets. The pl￿red￿lES undertaken do nat provide all the evidence that would be required
in an audit and coiisequently no opinion is given as to wh¢llJer ihe accoullts pr¢$ent a"Iru¢ and fair vicw" and the report is l¢mited
¢0 Ihose matter5 set out in ihe sliilement below.
ExamiDer's st&ttment
Ill connection wilh my examination: no mailer come to tny attention which gives me r¢a50nable cause to believe that, in atty
mJtei'ial respect..
ccounting re¢ords were not kept in a¢coTdance with se¢tiotJ 135 of the Housing a￿d Reg¢n¢ration Aci 2008; or
Ihe a¢counts do not acco1￿ with tliose recoyds: Or
the accoujts do noi comply with tlie requirements of se¢tion 396 of the Cumpanies Act 2006, the HoLTsing Re8eneraiion
Act 2008 alld the A¢wiinting Direction for Private Registered Providers of Social Housing 2015. or
the accounts Iidve noi been prepared in accordance with the mcthod5 aiid pi'inciples of th¢ St&tement of Recommended
Practicc for accounting and ryrtKng ISORP} for rebYl5tered St)cial Hou5llig Providers 2014 lupdatcd 20181, applicable to
entities p¥ep&iin8 thcir a¢¢ounts in accordance with th¢ Financial Reporting StandaKd {FRS1021' or
the accounts do not ￿mPlY wÈtli the requirements of the Charitie5 Act 2011.
I have Tro coii¢e¥ns and have corDe acrDSS no other matters in cot)nection with Ihc examination to which att¢lltio￿ should be drawn
in Ihts veport in Order to enabl¢ a proper ulld¢YsÉat)din£ of the accounts to be reuthed.
Claire L Taylor BA (Hons), F.C.C.A
Chadwicks
C.liailcrcd Accountants
Sldtutory A￿dItorS
Capital House
272 Manchester Road
Dioylsden
Maiichestey
143 6PW
Date.. 9, MaY¢h 2026

The Abbeyfield Buckland Monaeliorum Society Limited
Statement of Comprehensive Income
Yeai. ellded 30th September 2025
Notes
2025
2024
Turnover
Opei'ating expenditure
217,984
{196,387)
190,380
(167,200)
Operating Surplus
21,597
23,180
Finance incoine
Government funds Ir¢eivable
Finance Costs
1,373
3,952
{370)
(7,154)
Surplus before and afler taxation being the total
comprehensive income for tlie year
£22,600
£19,978
Statement of ehanges in Reserves
Incorne and
Restricted
Total
ExpeDdiitsre
Reserve
Reserv¢
Balance of Reserves at 30th Sept¢inber 2024
Suiylus foi. the year
Transfei. of itstricted income to Restricted Reseiv¢
Balance of Reserves at 30th September 2024
599,408 35.974
22,600
(10,533) 10,533
£611,475 £46,507 £657,982
63.5,382
22,600
The notes on pages 8 to 12 form pait of these financial statements

The Abbeyfield Buddand Monachorum Society Li￿￿ted
Sts*emellt off Financi&l Position
Year cnded 30th September 2025
Not
2025
2024
Tangible aJs¢t8
Tallgible fxxed assets- housAng pn)perty
Currollt agxets
Tradc receivable$
Cash
1,728,8()5
925.198
33,635
ii,iio
44.745
23,886
230,592
254,478
Trnde payables: auLount due within one year
Net Current Oiabilitiesyassets
Total %ss¢ts less current liabilities
62.474
30,203
(17,729
1.711.076
224275
1,149,473
Trade payabl¢s: uffjouthts. du¢ 4fter￿ore than l year
1,053.n94
514,091
Iyet Assets
£657,982
£635,382
EquRty
Share Capitsl
Income and E4xpttnditure Roserve
Restricted Reserve
611,475
46,507
£657.982
599,408
35,974
£635.382
The Directors ore gatisficd that the c()llLpany 1$ ¢ntitl¢d to &Y(¥nption froDi tlJ¢ rGquirem¢ntto obtain ou auditundeA'
sectiO]L477 ofthc CLimpallie5 A¢t2006 alldthat Iho ￿emb￿rS bave oot requiredthe ¢o]npaftyto obtaxTh an audÈt
actordance with section476 of the A¢1.
Tho Dirtcknrs acknowledge ttkeirrespon$ibilittcs for ensuri￿ thatthe cbarRty keeps accouthigrecord5 which conkplywith
sectiots 386 of tho Ac¢ and f(Jrprcparitig fin8nciai $tat¢ments Fknich giv¢ &trnc and fair view of the stat6 (If attairs of.th¢
company as at tb¢ end fillau¢ialyedf 8t]d of its i￿¢￿mIngr¢s￿trC¢s and ppplication of resoiir¢&8. including its iILcon)e
and ¢xpenditur¢, fotthc fittatLCi81 ytaL' in ac¢ordance withthe requ￿¢Mellts of sectiolls 394 8JLd 395 kmd which otherwise
¢ompty with tILe r¢quirements (pf the Companies Act 2006 TrlatiDg to fiLallcial statements. so far ￿ applic8ble l(} the
Tho aCCQUTils have b¢esJ pr¢pared in accordanc£ ￿1th the provisioD5 &UP8rt 15 vf tb¢ CoJyJpans¢5
Act 2006 subjectto thc s
Director
Approved by the bo
on 6th March 2026
Company registration nunther 1108311
The notes onpages 8 to 12 formpart otthese financial state]llenl

The Abbeyfield Bucklaiid Monaehorum Society Limited
Statement of cash floiv
Year ended 30th September 2025
Not
2025
2024
Statement of cash flows
Cash flows from operating activities
Surplus for the financial year
Adjustsnents for..
Depi'eciation of fixed assets
Amortisation of grant
Interest payablc
Intei'est received
(Increase)Idecrease in trade debtors
Increase/ (dcct'case) in trade creditoi3
Net cash generated from operatlllg aetivites
22,600
19.978
16,411
{380)
370
(1,373)
(9,749)
32,271
60.150
17,135
(380)
7,154
(3,952)
{22,138)
15,789
33,586
Casli flows from investing activities
Expenditure on fix¢d assets - housing property
Expendittjre on new extension
GL'ants veceived less costs of raising
Intei'est i'eceived
Nct cash used in investing activities
(4,517)
(815,501)
2S,583
1,373
(790,062
(7,702)
(196,781)
477,831
3,952
277,300
Cash (inflows)l outflows fi'om financing activities
Intek'cst paid
Net bank loans (gi'antcd)I repaid
Net cash cost from finaJicirAg aetivitiog
370
7,154
147,326
154,480
370
Net increase/ (decrease) in cash and cash equivalents
Cash aiid cash equivalents at begiiining of year
Cash aiid cash equivalents at end of year
(730,282)
230,592
-£499,690
156.406
74,186
£230,592

The Abbeyfield Bucliland Monachorum Society Limited
Notes to the Aceollnts
Year ended 30th September 2025
l Accounting policies
Aceoujiling coHvgnlion
The accounts have been pi'epared in accordance widi applicable Raw and UK accountipg
standai-ds (Unitd Kingdom Genei'ally Accepted Accounting Pi'actice) which includes
Ihc Companies Act, Housing and Regenerntion Act 2008. FRS 102, the Financial Reporting
standard Applicablc in the United Kingdoin and Republic of Ireland, and the Statement of
Recommend¢d Accounting Practice {SORP) foi. Registered Social Housing Pi'oviders
2014 as updated in 2018 ('Accounting by Registered Social Housing Providei's 2014,), and the
Accounting Direction for Private Rcgistered Provid¢i3 of Social Housing 2019.
Incoiiie
The Society's turnover pi'incipally comprises irsidents, chai'ges irceivable fi'om the home. Th
IEsidcnts' charges al'e composite amounts covering rent and Service chai'ges. Tui'nover from
lettings is iEcognised on deLivery of services to users, as the Society perfoiins its obligations.
Seivice charges
The Society adopts either fixed oi. vat'iable methods foi. calculating and charging s¢i'vice charges
to its irsidents. Expendilure is i'ecorded wliet) a setvice is provided and charged to the r¢lcvant
seL'ViCC charge account oi. to & sinicÈng fund. Incom¢ is itcorded based on the estimated
amounts chaiEeable.
Tulmover from lettings is L'ccognised on delivery of seiwiccs to end users, as the Society performs
its obligations.
Deprecialion
The housing pir>pety is depreciated on a stimight line basis ovei. the expected useful economic life
The depreciable amount is arrived at oli tlie basis of origiiial cost. Majol conLponents ait tiyatd
as seperable dSScts and depre¢iatcd over the expected useful economic lffife as follows:
Structui'es
100 years
Roof Govetings
50 ycai's
Heating and watCL Systems, kitoliens aiid bat￿.C 30 years
Lifts
30 years
Electt'iclll impiY)vements
20 years
Depi'eciation on tangiblc fixed assets is charged on a straight line basis so as to write down the
value of the asset over its cxpected economic life as follows..
Cary)cts
l O yeai's
Fui'niture and Equipment
5 yeai's
Expendituit on consts'uction in pi'ogrcss is depreciatcd when the building is brought into use
Tuxulion
Under the provisions of the ITA 2007 CTA 2010, the coinpany is exempt from coi'poration tax on
income and suiyluses, wherc these are applicd foi. chai'itable piirposes. hi the opinion of the
Dii'ectoi's all income and suipliises of thc Society fall within the above exei￿ptIOnS and Iherefore
no liability to coi'poration tax will ai'ise.
The Society is not registeiEd for VAT purposes and consequentially all income and expenditui'e is
stated gross of Value Added I'ax.

The Abbeyfield Buckland Monathorum Society Limited
Notes to the Accounts
Yeai. ended 30th September 2025
Fi'eeholdH'operty
The housing pi'operty constructed on land wliich the Society owns is stated at cost less
depieeiation. Expenditure on new consts'uctioii is capitalised where the woi'lcs increase the
net rental stream over the life of the property. All othei. repair and i'eplacement expenditure
is ch￿'g¢d to the Statcment of Comprehensive Income.
Governmenl granls
Giznts i'eceived on the cOnsts￿ct1on of thc home are account¢d foi. using the ac¢n￿l
model set out in FRS 102 and tlie Etousing SORP 2014. Grants are carricd as defeiyed income
in the balanc¢ sheet and released to the income and expendituic accouiit on a systematic basis
over the the useful economiG life of the asset for which it was IEceived.
Wheir social housing grmnt fiinded PLDperty is sold the gi'ant is ts'ansferred to a reoycled capital
2nt fund until it is reinvested in replacement propeity. If tliere is no requiirm¢nt to i'ecycle or
repay the ￿?nt on disposal of the assets any unamortised gi'ant irmaining within ci'editoi% is
relea￿d and recognised as income within the incomc and cxpenditure account.
Grants relating to revenue are IEcognis¢d in income and expenditure over the same pei'iod as
the expendituie (o which they i'elate. Costs of i'aising grant funding al'e set against gi'ants Teccived.
Loans and sliort tei'm deposits
These instruments ait initially recoi'ded at Lhe transaction price less any transaction costs
(histoi-ical cost). FR% l a2 requii'es that basic financial instruments are subsequenily m¥asured
at amortiscd cost. Elowcvei., as the difference betwecn the historical cost and amoL*ised basis
15 not material these financial instruments are stated at historical cost.
Conlingellt lillbilities
A contingent liability is recognised foi- a possible obligation for which it is not yet confirmed
that & present obligation exists that could lead to an outflow of i'esouire,. oi. foi. a piEseiit
obligation that does not mcct the definttions of a provision or a liability as it is not probable
that an outflow of rcsoui'ces wtll be i'equii'ed to settle tbe obligation oi- when a sutTicicntly
reliable estimate of the amount cannot be made.
A contingent liability exists on grant repayment which is dcpcndent on the disposal of related
propei*y.
Reserves
Incoine received, and expenditure incuried, for i'estricted purposes is s¢pai'atcly accoiinted for
within itsti'tcted funds. Thc restricted iEseives i'epltsent a Reserve established for leasehold
residents to meet their sh8re of futur'e long term repairs to the pi'operty.

The Abbeyfield Buckland Monachorum Society Limited
Notes to the Aceounts continued
Yeay eJ)ded 30th September 2025
PeA&ion cosé&
The Sociely op¢17t¢s a defined contribution pension scheme. Conti'ibutions are ch￿ged to the
pIDfit and10&s account as they become payable in accordancc witli the Lules of the scheme. No
liability arises at th¢ year end.
Holiday Pay accrual
A lÉability is Ircognised to the extent of any unused holiday pay entitlement which has acGLucd
at thc balance sheet datc and c2n.ied foiTrvai'd to flltllre pcriods. This is measured at the
LTndiscounled salary cost of the future holiday entitlement so aGct'Licd at the balance sheet date.
Going concei'n
At the tim¢ of approving the financial statcmcnts, the trustees have a reasonable expectation that
the charity has adequatc i'esources to continue in opei?tional existence for the foreseeable futuir.
Thus, the trustees continue to adopt the going concern basis of accounting in pirparsng the
financial statements.
2 Operating Surplus
This is stated aft¢i' chaiEing.'
2025
2024
Depi'eciation of owned fixed assets
£16,411
£17,135
3 Residential Charges
2025
2024
Noininal total charges receivable
Losses fi'om vacancies 0.3 / (2024 6.￿/0)
Net receipts fi'om charges 99.7QO/o (2024 94.￿/0)
217,410
(587)
£216,823
202,465
(12.235)
£190,230
4 Staff Costs
2025
2024
Wages and salarÉes
Pension contributions
86.104
1,812
£87,916
74.560
1,812
£76.372
Average number of employe
Full time
Pait time (equivalent full tÈme)
S Finance eosts
2025
2024
Interest payabl¢ to Lloyds Bank plc
£370
10

The Abbeyfield Buckland Monachoi'uvn Society Limited
Not￿ to the Ac¢ounts conti￿￿ell
Year ended 30tlI September 2025
6 Tailgible fixed assets
L2Rd
Freehold
Vurnithrt
Coll511'utiltytt
pi'operty
and
pi'ogi'ess
Equipmeiit
Tot91
Cost
I st October 2024
Additions
30th September 2025
284,243
815,501
836,215 40,658 1,161,116
4,517 820.018
£836,215 £45,175 £1.981,134
£1,099,744
Depreciation
I st O¢tob¢r 2024
Charge for year
30th September 2025
205,275 30,643 235,918
13,082
3,329
16.411
£218,357 £33,972 £252,329
Net book value
30th Sept¢mbei' 2025
£1,099,744
£617,858
£11.203 £1,728.805
30th Septembei. 2024
£284,243
£630,940 £10,015 £925.198
Construction in progress includes land purchascd in 1999 for £35,000.
7 Trade receivabl
2025
2024
Trade debtors and prepayments
Expendithi'e on proposcd extension
Costs of i'aising loan finance
9,130
4,639
24,505
£33,635
19,247
£23.886
8 Trade payables
Aniounls falling dlle witliin one year
The Chai'ity Bard( Limit¢d
Lloyds Bank plc - bounceback loan
2025
2024
7,200
7,200
AccnMls and othei liabilities
55,274
£62,474
23,003
£30,203
Amounts falling due in mtsye thall one yeAr
The Charity Bank Limited -capital iepaymeiits begin no
later than May 2027 - loan itpayable by Api'il 2050
7 year tei'm bouncebaclc loan to March 2028 -Lloyds Bank pli
518,000
3,600
10,800
Def¢i'rcd capital grant (see notc 9)
531.494
£1.053,094
503,291
£514,091
11

The Abbeyfield Buckland Monachorum Society Limited
Notes to the Accounts Continued
Year ended 30th Septembei. 2025
9 Deferred capital grant
2025
2024
30th Septembci. 2024
Received in the year
Costs of raising gI￿t funding
Released to inconie during the year
30th September 2025
503,291
30,000
(1,417)
(380)
£531.494
25,840
482,588
(4,757)
(380)
£503.291
10 Contingent liabilities
The cotnpany r¢ccived a grant of £38,000 fmrn the Home and Communities Agency to
fund thc development of th¢ housing property. If the company diswses of the home there is a
contingent liability of £12,160 in respect of the grant that might be repayable. This is in
addition to the liability of £25,840 l'ewgnised in CTeditoi? see notes 8 and 9. The lotsl figure
of £38.000 I'epi'esents the grant i'eceived on construction of th¢ pyoperty in 1992. There are no
plans to dispose of thc property at this time or in the tmmediate future.
11 Accommodation in mAR#gemtnt: Houslng for older people
Numbci. of beds for full time re.£idents
Numbei. of beds foi- i'esidents, guests
2025
io
2024
10
12 Related party transactions
'I'he Directoi's of tlie company benefit fiDm indemnity insurance to cover any liability resulting
fi'om any negligence, def&ult or breach in their diLty.
One dii'eLIoi' Lharged for using his hoine as an office and i-elated expenses. The amount cxpended
was £1,460 (2024 £1,459). Anothei. dii'cctor's husband was paid £1,590 (2024 £2,169) foi- kitchen
suppoit sei'vices All these paymcnts wei'e appi'oved by independent directors
13 Capital commitJnei)ts
At thc year eiid there wei'e commitments of £107,062 (2024 £891,979) relating to a Coiitract
to build a five bcdroom extension on the ¢xisting building.
14 Company information
The Rcgistered office and pi'incipal addirss is Pilchers Field, The Cresc¢nt, Crapstone,
Yelveiton. Devon PL20 7PS. The Society is a oompany limited by guarantee, comparky numbei.
01108309. a registeitd provider of soGial housing, i'ef HI 335, under thc Housing and
Regenciztion Act 2008, and a registered charity number 266471.
12