Charlty Roglstration No. 267984 Ccthpany Rggistratlon No. 01061354 (England and Wal•sl HOM￿ and Communl¢le6 Ag9ncy No. H0062 THE ABBEYFIELD {MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED {A COMPANY LIMITED BY GUARANTEE) LEGALAND ADMINISTRATIVE INFORMATION Dir•¢tord Mr D M Cager (Chairmonl MrA R Jesseman Mr Y P Maudgil (TrÈasuT8r} Mr H J McBiien MrCJIChugg (Deceased 8 June 2025) S¢crntary MrA R Jesseman Charffy numbor 267984 Cornpany numbèr 01051354 Home¥ and communities agency number HCK)62 Prin¢ip•l addttss Winton House 51153 De(hYorth Road NDSOR SL4 5AZ Regi¥tsr•d offlco Winton House 51153 Dedworth Road WINDSOR SL4 5AZ Auditor Craufjjrd Hale Audit se￿￿$ Limited CIO Craufurd Hale Group Ground Flotsr, Arena Court Crown Lane MAIDENHEAD SL6 8QZ Banker5 Uoyds Bank PIC 45 High Street MAIDENHEAD SL6 1JS Investment advlsors Charles Stanley & Co. Limited 55 &'shopsgate LONDON EC2N 3AS THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Directors report Statement of Dire¢tois responsfoililies Indepèndent auditorf5 report statement of financial activrbes Balance sheet 10-11 StaterrÉnl of cash )lows 12 Notes to Ihe financAal ststements 13-28 THE ABBEYFIELD {MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS REPORT IINCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MA Y2025 The Dif8Ctors prosenl their annual report and finandal slalemenls I￿the y8ar ended 31 May 2025. The finandal statements h¥ve baan prepared in a¢¢ordance with the a¢¢ounting policiès set out in note 1 to the financial statements and comply with the Societys governing documenl. Ihe Companses Act 200S and 'Accounting and Reporting by char￿8$.. Statement of Recommended pract￿ applicable to charlties preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and RepublG of Ireland IFRS 1021" (as amended for accounling periods commencM)g from 1 January 20161 Obj•ctiv•s and a¢Uvltl•s The Soci8ty's objects ar8 lo provide accommodation, Ca￿ and companionship the lonety or frall elderty people in accordance wrth the aims and prinaples of Thè Abbeyfield Society Limtsd. There ha5 been no ehange in Ihese during the year. The Directors have paid due Tegard lo guidance issued by Ihg Charily Commissk)n in de￿dir19 what activiti'es the Souety should undertake. Apart from the Trustees, the Charity does Th)t rety on volunteers lo hèlp run its actNilies. The tharty dcés Th)t carry i)ul sIgn￿¢an1 fundraising athvilie$. Slrat8glc report The information provided under the hèadings "Achievèments and perftsrm8n¢x" and "Finan(ial rev1¢￿. meet the company W requirements for the Directors to present a $lr8tegic report. Ach5&￿ments and perforniance The board m¢¢ts bi-monthly to revt8w the society's financial position and rewew Key Perfomianc8 Indicators. Thè figurès for this year and last are.. 2025 2024 Operating (deficAI) as a ￿rCentage of income Ovèrall occupancy rate Lost income through wids as a pere*ntsgè of income Total staff ¢osls as a percentage of income Food costs as 8 percentage of 1￿m9 1321 72 28 87 143) During the per￿d under review, marketing was Improv￿ and occupancy increased. However, thè Society continued to sufferfrom insufficient residents lo 0￿rate tsyo e2re PTofit8bly. Smie financAal improvem8nl has been seen, bul in¢rease in occupancy level is the kèy to moving thtt Soryety to a profitabk basi5 without reliance on the investment portfolio to cover operational10sse$. The directors are hopeful Ihat the improvement trend plus new $eMees t4ng inlrc*lu¢ed and marketing impetus will bring about the ne￿$S￿ry financial recovery. Post year gnd the decision was taken to ck)se and dispose of Ntho18s House and corbcenlrate on Vmnlon Houso, which is expected to be ¢ash posbtive. On 3 September 2025 thè Board ofTrustees look the deasion to close Ntholas House. Thi$ was communKaled to residents and staff on 8 Sgptember 2025 and property 16 now being activety markètèd for sale by Chrfst &Co. THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025 The So¢ièty's investment portfolio 1$ managed by Chall08 Stanlèy & Co. Limited on a discreliortary basis. The SorAety seeks lo produce the best finanoal return wlhin an acc8Ptable level of risk and therefore adopts the charity Comrnission's guidance for 8 .10t￿ relLnm" approach in order to give fiexibility. The broad Fx)Ilcy set by Directors is to achieve lonplerm gftswth with an aim to maintain the real value of the portfolo arKI having readity realisable investments to cover conlinggncy needs which wlll be ngcessary to cover the continuing financial losse5. Flnancial review It is th8 policy of the Soaety that unrestricttrd fvnds which have not been designated for a speclftc usg should be m8intained al a suffiiienl levgl. Suffiuent reserves hav8 been maintsined throughout the year. Thè current level of reserves is considered appropriale to meet the Society'$ n&8ds for the forÈsÈ8able future. Detsils of the designated re$¢rv¢s and any movemenis therein are shown in the notes to the financial 51alemènts. The Board has laken a strategic dècision lo continue lo maintain adequate reserves for the purp08e of supporting any luture capital projects Of expenditure. The Directors have considered the r￿ed fc* dÈsignated reserves and 81 the year end are satisfigd ￿*{h the level of £570.000 split betsyeen 8 ¢apital renewal fund £320,000 and an operational contingency fund of £250,000. Where donations or lega¢ies ore recEwed for 3￿clfi¥d purposes. the funds arg held as restricted IE59rvos. Polici•9 and intomal control The DIred0￿ have overall responsibility foi estsblishing and maintaining the whole system of internal controls and for r8viewing their effectiveness annualy. The Directors recognise that no syslern of intemal control can provtdÈ 8bsolLbte assurance or eliminate all risk. The system of intemal control is designed lo manage risk and to provid* reasonable assuranGe that key business objectives and expecled outcomes will be ￿hleyed. It also exists lo givé tha reasonable as$uranrE about the pweparalion and reliabilty of financial and operational infomiation and thè safeguarding olthtr Society's assets and interests. In meeb.ng th6ir responsibilllies, the Directors have adopted a risk-base(l approach to internal control whth is embedded within the whLle management and goveman¢a process. This approach indudes tho regular evaluatK)n of Iht nature and extént of risks to which the company is, or could be, exposed. As exp8Ctalion$ and Iwing standards generally in the communty rise, 80 (lo those of residen15, wtrK) ara enjoyiThJ greater lrfe èxpèctancy than previously and in some Cases can suffer increasing $us¢eptibility lo dementia, calling for higher standards of care,. furthemior&, the requirernenls of the regulatory authorities are becoming more demandiro. Wrth the support of our staff at all levels we are meeting these additional pressures. As a v8¢an¢y arisès the room. onc* vacated. is redtro)raled. The standard of d&¢oration is monrtoied very closely. Structure. govemantè and management The Society is a piivatè company limitèd by guarantee In￿rpOrated in England and Wales Icompany number 010513541 having no share capital 8nd with charitable objectives. It is a regi51eied tharity Inumber 2679841 and 1$ rggistered with the Homes and Cornmuniliès Agency as a Registered Provider (number H0062}. The Swety 15 governed by its mèmorandum and artides of association. THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 The Diie¢tors who $eryed during the year and up to the dale of signature of tho ffinancial slalernen15 wer¥.. Mr D Cager MrA Jesseman Mry Maudg11 Mr H J McBrien MrCJIChugg (Decaased 8 June 20251 Directors ale appointed by the Board in the event of a casual vacancy and then confimied by the Members at an Annual General Meeting. Diredors arè volunteers who are or have been in business locally and whose xperience can assist in the wnning of the Society. None of the Dire(aors has any benefityal interest in the comp8ny. All of the Dirèctors are mernbers of the Company and guarantee to contribute £1 in the event of a windlng up. The Socièty's current policy concerning the payment of trade ctedilors is to follow the C81's Prompt Payers Cth4e Ictspiès are available frorn the CBI, Centre Point, 103 New Oxford Streèt, London WC1A 1DUI. The Socièty's current poltry con¢xming the payrnenl of trade credltors Is to". • settle the tèmis of payment wrth suppliers when agreeing the terms of each transaCt￿n,. ensure that SUppl￿r$ are made awara of Ihe terms of payment by indusion of the relevant lems in contracts.. and P8y in ac£ordaneè Mlh the Soc4etys contractual and other legal obligations. The Society is organised under the control of its Directors. with daY-l￿daY opgrations of thè homes managed by registeied fflanag¢rs supported by tho general managèr and the housès director. Overall control ol finances is managed by the trèasurer. The Board meet5 51x litlles a year. The Society complies with Ihg Govemance and Financial Viabilty Standard Code ol Pr8CtiC8. The remun8r3tion of key management personnel IHouse Manager3 8nd above) is set by the Difectors annu81y. Pay rates ara based on the prèvailing market rate. Auditor In accordance whh the company's artKl8s. a resolulion proposing that Cr8ufurd HaleAudtt Se￿iCE5 Limited bo raappointed a$ auditor ol the o)mpany wll be put al a General Meeting. THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED {A COMPANY LIMITED BY GUARANTEE) DIRECTORS REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MAY 2025 Rlsk management The major risks lo which the Sw'ely is exposed, as identified by the Dlrectors. have been r&vw£d and systems have been establish&J to rnitKJale thos? risks. The Directors ¢onsider that the lollowing are the key risks and Un￿rtaInlieS faing thè Society.. Increased marketing effort required to restore o¢¢upancy to pr&Covid-19 pandemic levels. Poor operational or care perfomance resuV(ing in Caie Quality Cornmisslon gnforcemenl action, lèa(fjng lo damage to the Soaety's repulallon and finances. Increasing ag& at which new Tesidents seek Care Home se￿ices, leading lo higher cost ol ¢are. High staff tumover and the Sooetys 8bili(y to recruit staff with sufficlenl knO￿edge. skills, expertisé and experienct lo pro*id& good care which could lead to highèr use of agency staff and inconsislenl G8 standards. Fallure to meet the current regulatory ￿quirementS of the Care Quality Commission and the Charity Commission or to identfy and comply with any changes in legislation. val￿ for money As part of the ongoing strategy to ensure value for money. th8 Directors have taken a numbaf ol actions to deliver their plans and to meet the requiréd standard. èmbedding a 'value for money culture throug￿ul the SocAety. Getting best value from the resoUr￿S is essential to ensure that Ihe S0¢46ty can continue to deliver quality care and invest in thg accommodation offored to the re%dents where necessary to maintain the quality- Key adions have been.. to have regular meethng$ with residents and by supeNislon from the Ch8im)en of the House Committè6s', to manage staff resourGes lo ensure a consislenl app¥oach', lo provide ongoing training to all staff lo elFèct the delivery of the ￿re service eff￿len￿Y at a high level.. • 10 Set budgets and monitor aciual results against those budgots regularfy,. and to engage with staff witti apprasals and setling 9oals. The Direclors are comvnittod to ensuring th8 value for money is considered in d8cision-making at all levels in order to meet and exceed the standard. This is reinforced through the Society's cuttur8 which slnves, ultimately. to add value to Society through the provision of quality care lo all residents. Disclosure of Infonnation to audltor E8¢h of the Directors has confi￿ed that thgr8 is no infowwnalion of which they ale aware which is relèvant to the audit, but Ctf which the auditor is unaware. They have further confirmed that they have taken approwiate steps to idenlfy r•levanl infomatKJn and to establish that the auditoi is aware of such information. Compllancg with accounting slandards In the Directors opinion the finanual slalernents ar• compliant with th8 Statement of Recommended Practice for Social Housing Provhlers 2018 ISORP 2018) and the Stalernenl of Recommended Practice. Accounting and Reporting for Charities, IFRS 1021. The•r&tors report, In¢￿dIng the Stratègic roport, was 8pproved by the Board of Directors. AJweffian Dated.. SJ CLYo&vI THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF DIRECTORS RESPONSIBILITIES FOR THE YEAR ENDED 31 MAY2025 The directors, who also act as trustees for the charitabl8 aclNilies ofThe Abbeyfield (MawJenhe8dl Soryety Limited, are responsible for preparing the Dire¢tors Repcrt and the fjnanaal statements in accordance with wpli(¥bl• law and Unitsd Kingdom Awounting Standards IUnit8d ￿ngdoIn Genèralty Accepted Accounting Practice). Company Law require5 the Dir8Ctors to prepare financSal statements for trach financial year which gve a true and fair wew of the stale of affairs of the Society and of thè incoming resources an¢J application of resources, induding the income and expenditure. of the tharrtable company for thal year. In prèparing those finanual stat&ments, the Cirectors are required to.. - select suitable accounkng policies and then appty them consistenly., - observe Ihe methods and principles in Ihe Char￿.e$ SORP,. make judgements and agtimales that are re8s0nable and prudent., stAte whether applicable UK A￿ountIng Stsndards have been follow8d, subject lo any mal•rial departures di8dosed and explaineil in Ihe finanaal statements," and prepa￿ thè financial stalemeiits on the going concem basis unless il 15 inappropriate lo presume that Ihe SocAety will continue in operation. The Diroctors are responsible for keeping adequate accounting records that disdose ￿th reasonable accurw at any lime the financial position ol the Society and enable them If) ensur8 that the finana81 statements comply with the Companies Act 2006. Thèy are also responsibltr for safeguarding the assets of the SorAety and hen￿ for taklng reasonable steps for the prevention and detection of fr8ud and other irregularibes. Company18w rèquires the Directors tr) prepare financial statements for each financial year whlth gNe a tru8 and fair ew of the Stale of affairs of the Society 8nd of the incoming resources and appll¢atk)n of resources. ineluding th8 In￿me and expendlture, of the charitable company for that year. In preparing these finanual ststements, the DireGtors are required to.. - select suttable a￿)UnIon9 polr¢ies and then appty them consbslenuy., obsèrve the melhods artd principles in the Charitses SORP., make judgements and eslimat6s that are reasonable and prudent., slate whether applicable UK Accounting Sland8rds have been followed, subject lo any material departures disclosed 8nd explained in the fin8naal statements.. and prepare the financial statements on the going concem basis unless il is Inappropriate lo p￿SuTh that Ihe SorAety will Continue in operation. The Dlr¢ctOTS are responsible for keeping adequate accounting records that disclos6 with reasonable 8c¢uracy at sny time the fin8n¢ial position of the So¢ièty antj enable them to ensure that Ihe financial statements corn￿ with the Companies Act 2006. They are a150 responsible for Safèguarding the assets of the Society and hen¢e for taking rea5￿able steps f(Y the prevention and iJelec¢ion of fraud and olher irregulawities. THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF THE ABBEYFIELD (MAIDENHEADI SOCIEfi LIMITED Opinion We have 8udiled the financ¢al 51alem&nts of The Abbeyfiel¢J (Maidenheadl SorAely Limited (the 'So¢iety'l for th& year ended 31 May 2025 which compwise the statement of flnancial acbvities. the bal8n¢e sheet, th8 Statement ol ash flows and the notes to the financial statements, induding a summary of significant artounling policjes. The financial rèporting framework that has been applied in their preparation is applicable law and Unilgj Kingdom A¢countirrfJ Standards. inL4uding Financial Reporting Standard 102 Tlje Financlèl Rgporting St8ndar(l applKable in the UK and Republic of Ireland Iunited Kingdom Generalty Accepted A¢xoLJnting Practice), Accounting and Réporung by Chanties.. Statement of Recornmended Practice applicable lo chaiities preparing their accounts in accordance wrth the Financial Reporting Standard aprAieAblè in the UK and Republic of Ireland (FRS 102) {as arnendeil for accounting periods commencing from 1 January 2016). Releren¢e has also been made lo thg Accounting Direction for Private Registered Providers of SoLyal Housing 2019. In our oplnion. Ihe ffinancial statements= give a true and fair view of th& stale of the charttabl8 company's affairs as al 31 May 2025 arKI (l its incoming resourcès and applic8tion of resource5, for the year then •nded,' have been properfy prepared in accordance with United lQngdom Generalty Accepted Aectyjnting Pract0￿. and have been wepared in accordance with thè requirement3 of thè Companieg Act 2006. Ba819 for opinlon We conducted our audit in accordance with International Stsndards on Auditing IUKI (ISAS (UK)) and applicable law. Our responsibilities under Ih05e stsndards are further des¢rlbed in the Audilorfs Trsponsibilities for the audlt ol the fjnanGial statements section of oui ieport. We are independent ol the Sou'8ty in accordance with the ethical r￿uIrementS that are relevant lo our audrt of th8 financial statements in the UK, inc4udiig the FRC'S Ethical Standard, and we have lulfilled our other ethical responsibilities in a¢¢ordance with these iequi19m¢nts. We believe that the audit evidence we h8ve obtained is suificient appropriate lo promde a basis for our opin￿n. Conclugions relallng to going concgm In auditing th8 financial slalemenls. we have conduded thal the Oirectors use of the goirvJ con¢om basis of accounting in the weparation of the financial stalernenls is appropriate. Based on the work we have performed, we hav8 not identffied any malevial unc8rtaintie5 relatr.ng to èvenls or conditions that. individually or collectivety, may cast signifieAnl doubt on the Society's abilily to continue as a going concem for a pert*d of al least tsyelve months frcffi when the ffin8ncial statements are authorisod for Issue. Our responsibilities and the responsibilities of the Dbrectors with respect to going concem are desrxtjed in the relevant sections of this report. Oth•r infonnation The other infomation ￿mpriSeS the informalSon I￿l￿ded in the annual report other than the financial ststemenls and OLW auditor's report Ihereon. The Directors are responsible for the other information cont*ned within the annual report. Our opinion on the finaneial statements does not cover the other information and we do not express any form of asswan¢e condusion thereon. Our responsibilty is to read the other inforn)ation and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledga obtained in the course of the audié, or othe￿1$e appears lo be maltrrially misstated. If we identify such material imconsistancies or apparent rn8lèri81 misslatemenls, w$ aré required to dètèm)ine whether Ihis gives rise to a materol misstatement in the financial statamenls themsélves. If. based on the work we have performed, we CO￿1￿1e that th•r8 is a material rnisstslemenl of this other infomiation, we aTe requir¥d to report th* fact. We have nothing to report in this regard. THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED PJlatt•rs on which r•qulred to ￿port by *x¢•ptlon We have nothing to r•port in ¥espèct of the followng matters in relation lo whlch the Charit￿9 (ACCO￿lS and Reports) Regulatlons 2008 requires us lo rèport to yuj if, Sn our opinion.. the inlormation given in the financial stslernenls is inconsistent in any material respect with thè Directors report.. or SLrfTrcient accounting fecords have not been kgpl.. or the financial slalements ale not in agreement with the accountSng reGords'. or we have not received all the infermation and explanaliims we require for our audh. Re$pon$lbllltle8 of Directo As explained rnore fully In Ihe Statement of Dirèctors, Responsibilitiès, the Directors are responsible for the prèparation of the fin8n¢i81 statements and fow being satisfied that they givtr a true and fair view. and for such inlemol controls as the Di¥ectors d8termine are necessary to ¢nable the p￿paratIOn of finanaal 51alemants that are free frotn material misslalement, whèther duo to fraud or 8rror. In preparing the finanryal siatemenls. the Diiectors are responsible for asséssing the Stsciety's ability lo continue 8$ a going concern, disdosing, as applicable, matters related lo going con¢em and using the going con￿rn basis of accounting unle58 the Directors either intend lo IKiuid8le th8 charitable wmpany or to cease opèrations. or have nts reali$ti¢ attemalive bul to do $0. Audltorfs rnsponslbilitim for tha audlt of the finan¢ial stat•ments È have been appointed as auditor under section 144 of the Chariti9$ Act 2011 and report in acLordance wlh the AfA and relevant regulations made or hawng èffect thereunder. Our obled1￿$ are lo obtsin reasonable as5urancÈ about vthether the fin8na81 statements as a whob are fr88 from material misstatement. whether due to fraud or error, and to issue an audilDrfg report that in¢ludes our opinion. Reasonable assurance 15 a high I9￿1 of assuran¢è but is not a guarantee that an audit conducted in accordance wrth ISAS IUKI will a￿ayS detect a material mi8slatement when il exists. Misstatements can arise from fraud or error and are considered malerial rf. individualty or in the aggregate, they could reasonably be expected to in)luenee the economic deash?ns of users taken on the basis of these financial slalernenls. Irregularities, including fraud, are instances of non-o)mplanee with laws and reuulats"ons. We design proceilures in line with our responsibilitiès. outlined above. lo detecl rnateri81 misstatements in respect of irregularl￿.e5, including fraud. The exient io which our procedures are capgble of delecling iriegularities, including fraud, is detailed below. Our approath to identifying and assessing the risks ol material fflisstalemgnl In iespect of irregularttig$, including non-compliance with laws and regulotions, was as follows.. the engagement director ensured that the engagement team collectively had th¥ appropriate ￿mp￿tance, capabiltties and sknlls lo identify or ie¢ognise non4omplianeè with applicable laws and regulations., w• identffied thè laws and regulations applicable to company through diswssions with management, and from our commercial knowleilge and experience., we focus5ed on spectfic laws and regulations which we considered may have a dwect material effe(a on th& financjal slalements or the operations of the company, including the Care Quality Commiss￿￿., we assessed the extent of complianGe wtth laws and wulations through making enquiries of mana9gment and inspedinglègal fee expendiluie., and "dentffied laws and regulations were communicated within th¥ audil team and the t¢am remained alert to instsnces of non-compliance throughout the audit. THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED assessed the suscgptibility of the ¢ompanVs ffinarri81 statements lo material mi$ststemenl, induding obtaining an und8rslandirvJ of how fraud rnighl occur. by.. Making enquiries ol management os to where they considered there was 3u$coptibility to traud, thelr knowledge of aclual. suspected and alleged fraud., and eonsidering the Inlemal controls in placè to mitigate risks of fraud and non-￿mpli0nce with laws and raguLations. To address th& risk of fraud through management ￿"8$ and override of controls, we.. perfomied arkilyts'cal proGe¢Jur•s to identify any unusual or unèxpoded relationships., testèd joumal entries lo identfy unusual transactions., assessed whether judgements and assumptio￿5 made in determining the acsjunling e$ts"mates were indicats've of pot8ntial bias,. and investigated the rationale behind significant or unusual t¥8nsadions. In response to tho risk of iffegularities and rion-c4)mpliance with laws and règulalion5, we ¢Jesigned proc&Jures wlich included, but were not limited to.. reeing financAal statemènts discknsures to underfying supporting documontstson.. * reading the minutes of meetings of those charged with YO￿rnance., and enquiring of management as to actual and potential litigation and claiffl5. There are inherent limitations in our audit proGedur8s descnbed above. The MO￿ removed that laws and regulations a￿ from financial transactions, the less likely il is that we would become aware of n0￿coMplianCe. Auditing standards also limit the 8udit prO￿dureS lequi￿d to identify noTrcompliance with laws and regulations to enquiry of rnanagemènl and inspeotion of regulatory 8nd legal correspondence, if any. Matèrial mis51atemonts that arise due lo fraud can be hardw to deted than those that arise from error 8$ they may Invol￿ deliberate con¢èalment or colluslon. A fvrther descriplion of our rèsponsibilitie5 13 avalable the Flnanoal Reporting Council's website at.. hltpsjl www.frc.¢xg.ukJauditorsrespon$lbllities. This description forms part of our auditorfs report. Us• of our r•port This report is made solefy lo the charity's ttusleès, as a body. in accordance with Part 4 of the Charities (A¢¢ounts and Reports) Regulations 2008. Our audit work has baen undertaken so Ihat we might slate to the chanty'5 trustees those rnatters we are requiied to state to them in an auditoff s repwt and for no olhef purpose. To the fullest extent p8miitted by law. we do not accept or assurne responsibility 10 anyone other than the ¢harity and the charity's trustees as a body. for our audit wo￿, for this report, or for the opinion5 we have formed. Chrf8topher Rayn•r FCA IS•nior Statutory Audltorl For and on behalf of Craufurd HaleAudil Services Limited, Ststutory Auditor Chartered Accountants CIO Craulurd Hale Group Ground Floor. Arena Court Crown Lane MAIDENHEAD SL6 8QZ Date.. SO ￿T04￿￿ Craufuid Hab Audtt Servicés Limited is èligible for appointment as auditor of ihe Society by virh* of ils eligibility for appointment as auditor of a company under section 1212 of the ComparwesA¢J 2006. THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY2025 unrnstrlct￿ Restrictsd fund$ fund8 202S 2025 Total Total 2025 2024 Not•S Donations and kgacies Charitable activitEs Other trading ath"viti8$ Investments Sooal housing gr￿1 #mortisation 2LI,915 3,233,090 50 23.161 35.e56 20,915 3,233,090 50 23,181 35.656 3.108 2,758,167 68 34,765 35,656 Total incom• 3,312,892 3,312,892 2,831,764 Charitable aCtI￿lieS 4.3SS,547 875 4,356,422 4,001,059 Nel gain￿￿0$$?5} on investments 12 173,OSOI (73.0501 237,176 Net mo¥•m•nt in lurtds (1.115.705} 18751 {1.116,5801 (932.119) Fund balances * 1 June 2024 6.527.811 66,310 6,594,121 7,526,240 Fund baknn¢•s al 31 hlay 2025 5,412.106 65,435 S,477.541 6,594,121 The statement offin8n¢ial athities indud$s all gain5 and l¢Mos recognised in the year. Thè statement of fin8ntial activrties indudo$ all gains and10ssg$ r8cogni5ed in the y•ar. Al income and expenditure derive from continuing &tiviiies. Thè $l*ement of fina￿181 activibes also complias with Ihe rrfuit¥ments for an Income and expendrture account under thé Companies Act 2006. The emenl of Financial Activitie approved by the D1￿ctOrS on .......... Mr ager sseman Director MrCJIChugg Director THE A88EYFIELD (MAIDENHEAD) SOCIETY LIMITED {A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT31 MAY2025 2025 2024 Not•S Fix•d as$ets Tangiblp assats Investments 14 15 5,376.355 1,135,112 S,501.841 1,￿)2.278 6,511.467 7.404.119 Current assets Debtors Cash at bank and in h8nd 17 64,601 1Cfj,994 112,850 282,417 171.595 395,267 Crgdltors: amounts talllng dug within onè year 18 1345.4841 (309,5721 Net current lliabilitie5llassels 1173.889) 85.695 Tolal ass•ts kn15 ryrr•nt Ilabilities 6,337.578 7,489.814 Crèdltors: amounts f•llng due after more than one y¢ar 19 1860,037) I8￿,693) Net a¥sets 5.477.541 6,594,121 In¢ome fund¥ R stricled fijnds Occupational therapy unil Ge[￿1 restricted funds 36,050 29,385 36,925 29,385 21 65.435 66,310 Designated funds.. Capital rènewal fvnd Conthngency fun¢J 320,000 250,000 320,000 250,000 22 570,000 4,575,790 266,316 570,000 5,383,888 573,923 Geneial Unrestricted fvnds Revaluation reserve 5,412,106 6.527.811 5,477,541 6,594,121 10- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET (CONTINUED) ASAT31 MAY2025 The directors ad(n¢yMedgg Iheir responsibilities for comptying with the requiiemenls of the Comparries Act 20C6 wrth iespect lo accounting records and Ihe preparation of financial stslemenls. The finan(aal stslemenls were approved by the Director MrD Dlye ager tor an MrCJIChugg Director Dir•ctor Ccthpany Registrdtlon No. 01051354 11 THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY 2025 2025 2024 Notss Cash Ik+WJ from operatlw a¢tlvlUg5 C8sh absorbed by operalions 29 1851,326) 11,053,377) Inve$tSng a¢tÈvities Pur(thase ol tangible fixed assets Other adjustments Purchase ol investments Proceeds on disposal of inv8slments Dniidends and interest r6ceived {41,3931 126.0541 1251 1166,3261 1,471,613 34,765 1390,752) 1,077,364 23.181 NBt ¢*$h gen•rntsd from invèstlng actsvities 668.400 1,293,973 Net Id•crnase}lincrEw In eash and cash equlvalents 1182,926) 240,596 Cash and cash equivalents al beginr)inu of year 306,964 66,368 Cash and ca$h equivalonts at end of y￿r 124.038 3[￿,964 Rglating to: Cash at bank and in hand Short tami deF¥)sits included in investments 106,994 17.044 282,417 24,547 12- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MA Y 2025 A¢¢¢uDthig policios Charity Infom)atlon The Abbeyfield Imaidenheadl Society Limited is a prNatÈ company limited by guarantee, having rKJ sharo ¢apital and wf(h solgly charitable acti￿tIos. Incorporated in England and Wdles. The r8gistered office is nlon House, 51153 Dodworth Road, VWNDSOR, SL4 5AZ. The sO￿ty is registered as a eharrty for tax purposes (No. 267984} and is a Registered Sooal Landlord with the Homes and Communitse8 Agency (No. H00621. 1.1 Ba819 of preparatlon The financial statements have been prepared In a¢cordance wtth Ihe Soctet￿s goveming dowm&n( the Companies Act 2006 and "Accounting and Reporting by Charilies.- Ststèmènt of Re￿Mm￿nded Practice applicable lo tharthes preparing their accounts in 8ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021° las amended for acGountiThJ periods ¢ommencing from 1 January 2018} and the Accounting Direction for Privat8 Registered Pioviders of SoThal Housing 2019. The Society is a Public Benefit Enlty as defined by FRS 102. The finan¢ial stalem•nts ale preparèd in slerling. whi¢h Is the functional cuNency of the Society- Monetsry amounts in these financial statements are rounded lo the noarest £. The financial stslements have been prePa￿d under Ihe historical cost convention, modif*d lo indude the revaluation of certain financial instruments at faiT walue. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the time of approving thg financial slalements, the Directors hav8 a reasonable expoctation that the Soclety has adequate resources tc• continue in operational existence for the foreseeable fijlure. Thus the DirectOfS continue to adopt the golng concem basis of ac¢ounting in preparing the financAal statements. 1.3 ¢h•ritsble funds Unrèstrided funds are available for u$• at the discreti￿ of the Directors In fvrtherance of their charitabl objectives. Restricted fvnds ar8 subject to speufic conditrons by donors or grantors as to how Ihey may be used. The purposes anil uses of the restricted funds are set out in the n¢Xes to the financial statements. 1A Income Income 1$ rec4Jgnisèd when the Socitrty is legally enlilled to 11 after any performance conditions have been mat, the amounts Can be measured reliably. and il is probable that income wll bè r8caiv8d. Monetsry donations are rèeognised on rece￿1. Other donations are racognised once the Sooety ha5 been notified ol the donation, unltrss perforrnance conditions require defèrral of the amount. Donatsons for sperAfied purposes which are Separately identrfied in the Statement of Finan¢ial Activities are thèn transferred as movements in restricted resèrves. Legaaes arg r¢cognised on receipt or othe￿ise if the SorAety has been not￿ed of an impending distribution, th8 amount is known. and recoipt is expected. If the amount is not known, the lega¢y is treatsd as a contingent a55el. Income in(audes rent and service charges Teceiv*Jl8, net of 105ses from voids, togethèr with income grants from local authorities and other agencies. Turnover Is measured al the falr valve of the c￿$￿4￿ratiOn received or r￿￿1Vable and represents amounts receivab)e for services provided in th• normal coursè of business. 13- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 A¢¢ountlng policie$ IContinu•dl 1.S EXpendI￿r$ Centr81 support and govemancè CA)Sts that do not relate directly lo a single actmty are wholtyLapportloned lo the sole #ctiwly undertaken, that of providing accommodation, Ca￿ and ¢ompanion5hip for lonaty or elderty people. The company is not VAT registered and Ir￿coVerable Inwl VAT is charg&a 8gainst the expenditure to whiGh it rel¥tss. 1.6 Tanglblg flxed as••t• Tangiblg fixed assets arg initially measured al cost and subsequèntly measured al cost, nel of depreualion. Oepreeiation is recognised so as to wrfle off the cost or valuation of assets less their residual valuès over Iha'r useful lives on th$ following bases= Freehold land and buildings Leasehold land and buSldlngS Fixlures and ffittings Motor vehicles 1.25*k straight line 1.25°A slraighl linè 7%- 15'h slraighl line 10% Stra￿ht line The gain or loss arisin9 on the disposal ol an asset is determined as1he drfIeTer￿e between the sale piocegd$ and the carrying value of the asset. and is reLXJ9nised in the statement of finanL¥al a¢tNiti8S. Houslng land and buildings are Staled at cost less a￿lMulated deprerAation as tangible assets rather than fixed asset investments. The cost of properties is their purchasg price or construction cost, which includes the iTrfAdental costs of acqui5itson. Assets in the course of conslru¢tion are not depreeialed until they are brought into use, at which point they are transferred to freehold or leaseholoj property as apprcylate. Surpluses of deficits Ctn the sale ¢f housing land and buildings are accounted for in the Slalem&nl of Frnanual Acti¥Mties as the dNference behveen the n8t sale proceeds and the car￿.￿9 valug. Until 31 May 2023 housing properties were depreciated 812QA per annum. From 31 May 2023 housing properties were depT8ualed at 1.25DA per annurn. Although major components of the costs of buildings. such as kilthens and healing equipm•nl, would be d8prec4aled al higher rates. the Directors considered it impractic81 to identify those amounts incurred in eatlier years. Until 31 May 2023 leasehtsld property was being written off at 2% per annum. From 31 May 2023 lèasehold property is being written off at 1.25% per annLsm. ralher than over the length of the lease. Other tangible assets afe slated al ro$t less a¢xumulated depreciation. Minor equipment costing ￿sS than £SOO and renèwals of equipment under £1.000 Bre written off to the Stslement of FinancialActivities. T8ngible fixed a$s•ts recewed by way of donatitsn are reflecaed in the financial staterrEnls at their estimated valuation al the date of receipt. An amount corre$F)onding lo the net Imk value is ¢att￿d fO￿ard wfthin restricted reserves. 1.7 Fix•d asset Investments Fixed asset investments are inrtially m$asuied al transadion price exduding transactN)n ¢osts. and if the shares are Iraded publidy or if their fair value can be measured reliably, ar8 subsequently measured at fair valug at each reporting date. Changès in fair value are iecognised in th• Statement of Financial Activblles. Transaction oisls are expensed a5 incuirèd. 14- THE ABBEYFIELD {MAIDENHEAD> SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 A¢¢¢uhting policie$ IContinuèd> 4.8 knpaimient ol fixod aB$ets At &ach reporting end date, the Society reviews the carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such ind￿tIOn exists, the recoveiable amount of the asset Is eslmated in order lo deterniin8 the extent of thè impaimient lo$s lrfanyl. 1.9 Cash and cash èqulvalgnts Cash and Cash equivalents includ8 cash in hand and balances hekl wtth banks. 1.10 Finanelal instrumonts Thè Society has èlected to apply the provlsions of Section 11 'Basi¢ Finanaal In5trurnents' and Section 12 'Other Financial Instrumgnts Issues. of FRS 102 10 all of its financial instruments. Finan￿81 lislruments are recognised in th8 sorAe￿5 balance $heel when the So¢i$ty b8come5 party lo th& contractual prowsions of the instrument. 8a$l¢ financlal•ssets Basic financial assets, which includè debtors and cash and bank balances, are measured * transaction price including tran5¥¢tion ¢osts. Ba¥1¢ financlal Ilablllli•s Basic financial liabilities. induding creditor8 are recognised al Iransadion price includirvJ I￿n$8￿10n costs. Trade creditors are obligations to pay for goods or services that have been acquired in the Ordin￿ cours8 of opeialions from suppliers, Amount$ payable are dassif￿￿ 35 cJJrrenl liabilities. 1.11 Taxat The Society has Charitable sL*us and 18 exgmpt from ¢OrpOrn￿on tsx on its inwm•. It has Tr) Ir•Jing gctiwties. The SocAely is not iegistered for VAT. Accordlngty, no VAT is charged to T8sidents, and expanditure indudes the itrlevant VAT. 1.12 Employee bgnoffts The cost of any unused holiday enlillement is recognise(l in the period in which thè employee's servit%s are received. Termination benefrts are recognised immediately as an expensè when the Society is demonstrably o)mmitted 1¢ temiinate the èmployment of an employee or to prowde teminalion benefts. 1.13 Social Houslng Grants In line wilh FRS 102 and the Housing SORP 2018 (Statement of Re¢ommended Pra￿1{￿ for So￿31 Housing Prowdersl, Soa81 Housing Grants receiveil as a capital ￿ntrib￿l￿n are shown separately as a creditor lalling iJu8 after more than one year, unless the grant relates lo a disposal of property and be￿Me9 recycled or repayable, in which casè it is apportioned to credi(ors due in under one year. The accruals method is applied as the company holds all social housing properties al their historic ￿81. Grants are made by the Homes and Communities Agency If0￿erlY the Tenant Services Aulhoiityl and are used lo reduce the arnounl ¢f mortgage loan in Faspect of an approvèd scheme to the amount which il is estimatéd can be seNced by the net annual income of the scheme. The amounl is calculated in accordance with instructh)ns issued from time to time by thè Homas and Communbties Agency. The grants a￿ paid direct to thè lending inslilulion and are reflected in the financial statements of the Society only when the payment has been made and the relevar)I mortgagfr loan redLKed. In cartain CArcumstsn¢as grants can become repayable or are re¢ydable. 15- THE ABBEYFIELD {MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Chang• in •¢¢ountlng policy During the prev70us ygar th8 directots considered the property deprecation rales wllh r8f&rence to th8 èxpacted residual values and useful economic INes of the assets. The assessrnent wa5 made that from I June 2023 the freehold property would have a u$oful economi¢ life of bafv4een a further 6C) and 65 years and Iheloasehold property would have a usefvl econctmic life of be￿eeN a further 50 and 55 years. The d&pre¢iat¥Jn rale applied for the year ended 31 May 2024 has therefore been reduced to 1.25% per annum on cost from 2°A per annum on cost applied pwviously. The r)ew depreciation rale results in th8 leasehohy propety cost being depre(aated over a further 51 yèars from 31 May 2023 and the freehold propèrty cL*sI being depreaated over a further 62 years from 31 May 2023. This change has not been applied retrospe¢tiV81y. Crltleal accowrtlng estlmatss and judgèmènts In the application of the So¢iety's accounting polides, the Directors are required to make judgements, estimates and assumptions about the carrying arnounl of assets and liabilities that are not readity apparènt from other sources. The estimate5 and associated assurnplions are based on historical experience antl olher lactors that are con$ldered to be relevant. Actu81 results may drfler from these ests'm319s. The 8Stimat8s and undedying assumplvJn8 artr reviewed on an ongoing bass. Rev6sions to accounting eslimales are recognised in Ihg period in which the estimate is revised where the revision affècts cnly that peTiod, or In the period of the revision and ￿lUTe pgriods where the revision affe(ts both cuttent and future periods. There are estimates or assumptions which have a signifi¢ani risk of causing a materi81 adjustment to the tranying amount of assets and liabilities. Ch#ritsblè activities A¢commodation Accommodation 2025 2024 Rent ro¢eNable and servic¢ eharge income gross of voids Vtsid losses (being rental income lost 8s a result of rooms not being let, although available for letting) 4,482,860 4.301,263 11,249,770) 11.543,0961 3233,090 2,758.167 Average number ofbed sws under manag8menl 60 59 16- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 InGomg from othértrading activltl•s Unmtrict•d Unrestricted funds fund$ 2025 2024 Other income 50 68 Invesbwnts Unr•stricted fund$ Total 2025 2024 Income from investments Interest receivable 21,645 1.536 33.902 863 23.181 34.765 17- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MAY2025 Charitsbl• actlvities 2025 2024 Aecommodation, ¢4re and companFon$hlp for the eklorfy Staff costs Depreciali(m and Impainnenl Insurance Telephone Agency staff Food and provisions Household sundries Cleanlng materials Ratgs, water and wastg Heating and lighting Minor equipment CQC Levy 2,764,762 2,475,692 166,879 ie6,478 58,833 48,973 38.887 32,673 205,889 243,422 168,190 172. 123,443 112.323 53,840 51,362 52,825 57,549 135,759 121,295 33,742 34,585 12,5e2 7,542 I 11 Drugs and medical costs Repairs and maintenance Postag9 and stationery Affiliation fees Legal and professional fee5 Audit 8nd ￿cOun1a￿¢Y fe9$ Payroll fees Ottter management costs Investmènt managemonl fees Mobile care monitoring Bank charges Advert15ing Bad debt expense 96.343 278,313 1,S99 19.177 71.314 10,700 4.252 263 17.297 17.025 826 27,778 {4.0761 99,202 194,851 603 15,SOS 91,872 1Q,600 4,223 6,204 19,428 10,018 943 18,674 4,076 4,356,422 4,001,059 4.356,422 4,001,059 Anatysls by fund Unrestricled funds Restn"cted lund5 4.355,547 3.996,934 875 4,125 4.358.422 4,IK11,059 -18- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEMfs {CONTINUED> FOR THE YEAR ENDED 31 MA Y 2025 Support and governan¢¢ ¢osts The Society is considered to undertake a single adimty, that of provision of a¢¢omnv)dalion, care and rL)mpanionship for the lonely or frail eldgdy ￿Ople. Therefo￿. support and govemance ¢ost$ have been treated as whollyTrattn'butable to this advity. Govemance costs indudes expanditure nel of VAT lo the aL*Jitors of £7,317 {2024- £6,533) for audli fees and £5a68 (2024- £4.137) for non-audtt f9¢$. Net movament in funds 2025 2024 The nel movement in fvnds is staleil aft?r chargingl{credilingl'. Depreciation of owned tangible ￿ed a33ets 166,879 186.476 Ifl Oirectorn None of the Diredors lor any persons connected with them) received any renyjneration or beneffts during the year, or weTe reimbursed expènses. 19- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 11 Employe08 Number ol •mploye*s The average monthly number of eM￿0YeeS during the year was: 202S Number 2024 Number Gèneral, rEntral ¢ompany Nicholas House- Care, acti*ity, housèkeeping. kitchen, maintenance and management Winton House- Care, acliwly, housekeeping, knlchen, maintenance and manag8menl 47 47 Employm•nt costs 202S 2024 Wagés and salaries Stsoal security costs Other pension ￿sts 2,467.147 236,989 60,626 2.224,815 194.041 56.836 2,764.762 2.475.692 The number of empbyees on a full time equivalent basis Iba8ed on ¥ 38 hourweek} w4$ 8012024- 74}. The number of employees whose annual Temunerallon was more Ihan £80.000 15 as folows.. 2025 Number 20Z4 Numbor Be￿een £60.0￿ and £70,000 Betwgen £80.001 £9J.000 -20- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 12 Ng1 gains1llos•••l on Investmgnts Unwgstrictsd Unrnstrictsd funds funds 2025 2024 Revaluation of investments Gal￿110$$) on sale of Investments {S7,289} {15.7611 149.565 87,611 {73,0501 237.176 13 Taxadon The society has ¢harflable slalus and is exempt from co￿oration lax on ils income. 14 Tangible Ilx•d as$et# Froohold larKI and bulldlng8 Lèa••hold Flxtur9¥ 4ndMo¢or ¥ehlcl88 lond and flttlnp bulldlThBS Total ¢￿t At 1 June 2024 AddTiions 3,508.078 3,975,S(MJ 873,377 41,393 76,104 8,433.059 41.393 At 31 May 2025 3,508.078 3,975.500 914,770 76,104 8,474.452 Depre¢latlon and Impairn18nt Al 1 June 2024 Dgpr8aalion ¢haiged in Ihe year 841.006 1.476.070 43.851 49.694 S61,868 65,724 52,274 7,610 2.931,218 166,879 At 31 May 2025 884,857 1,525.764 627,592 59,884 3,098.097 Carylng amount At 31 May 2025 2,623,221 2,449.736 287.178 16.220 5.376.355 At 31 May 2024 2,667,072 2,499.430 311,509 23,830 5,501,841 In the optnion of the directors the market value of lar￿ and buihjings was= 2025 2024 Freehold and loThJ leaseh(4d properties 10,000,000 10.OCKJ,000 21 THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MAY2025 16 Fixed a55et invèstments Listed I￿¥￿Im￿nts Valuation Al 1 June 2024 Additions Valuation ethanges Movèment in cash balan¢8s Olh8r movements Disposa15 1.902,278 390,752 155,153} 17,5041 12,1361 (1,093.125) At 31 May 2025 1.135.112 Carrying omount Al 31 May 2025 1,135.112 At 31 May 2024 1,902,278 Made up ot. Listed investments Cash balances 1.118,068 17.044 1.135,112 Histori¢ ¢ost Al 1 June 2024 Additions Movemènt in cash b8lan¢es Other movements Disp05a15 1,328,358 390,752 17,504} 12,13n 1840,671} At 31 May 2025 888,796 Fixed a$set Inveslmènts rnvaluod ListÈd investments a￿ reflected al markfrl value at balarKx $haet date. CapTial and income account balances are Induded within the total inve51menls. The net movgmenl in the Investments Tevalualion rès8rv8 was {£307.607112024- {£315.024)l in Ihe year. -22- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 16 Flnancial Instruments 202S 2024 Carying amount of financial 4BJets Debt instrumènts measured al cost InslTuments maasured at fair value through profil and loss 64,601 1,135,112 112.850 1.902,278 CarySng amount of financlal liabililies Measured at cosl 1,205.521 1,205.265 17 Debto 2025 2024 Amounts falling due within one year. Trade debtors Othèr dèbtors Prepayments and accn￿d income 19.635 66.451 44. 46,339 64.601 112,850 18 Crgdltars: amounts falling du• wlthin one year 202$ 2024 other taxation and soc4al seojrty Trade credrtors Other creditors Accrua15 and deferred incorne 80,025 145,126 1,043 119,28B 50,682 141,382 7,363 110.165 345.484 309,572 -23- THE ABBEYFIELD (MAIDENHEAD> SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 19 Cl￿110￿. amounts falling dug after more than on• year 2025 2024 Other creditors 860,037 895,693 Soclal Houslng Grants 2025 2024 Amounts rnCOiVod 1,856.768 1.856,768 Amortisatlon At 1 June 2024 Released in the year S61,075 35,656 925,419 35,656 At 31 May 2025 996,731 961,075 Carying valu At 31 May 2025 860.037 895,693 Creditors-. amounts falltng due after more than one year represents the unarnorti5ed balancé of Soiaal Housing Grants ￿CeIVed in 9arlier years. The Social Housing G￿nts afe amortised al 2•A per annum and ￿leasad as In￿Me ￿ the Statement of Financial Activitie$. The èntire balance ofth¢ Social Housing Grants is rellected as ueditors-. amounts falliNJ due after more than one ye81. An arnounl of £35,656 is eypected lo b8 released to the Ststemenl of Fmianual kntiwties in the year ending 31 May 2026, £142,624 is expected to be released btheen and fNe years and £681,757 is expected to be rgleased in rnoro than ffiva years. 20 Relypmonl b•nefit￿heM¢S Defned ¢ontrlbutlon schom The Soaety operates 8 dèfined contribution pen$ion scheme foi all qualfying employees. The assets of the Scheme are held separately from those ofthe Souety in an independentty adminisleTed fvnd. The tharge to profil or loss in respect of defined contribution scheme$ was £60,625 {2024- £56.8361. 24- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 21 R•strlct•d fvnds The restricted funds of th$ charity comprise the unexpended balances of donations and grants held on trust subject to specific condhbons by donors a8 to how they rnay be used. At 1 Junè 2024 Rosourco¥ •xpended At 31 Palay 202S Spe¢ffic donations and legacies Oc¢upattonal therapy unil 29,385 36,925 29,385 36,0SD {875) 66,310 {8751 65,435 Prèvlou8 year. At 1 Jun& 2023 R•sources expended At31 May 2024 SpecrfO¢ ¢Yonations and legacies Occupational therapy unTt 32,635 37,800 (3,250) {875} 29.385 36.925 70,435 (4,125) 66.310 Specrtl¢ donations and le9a¢Yds fvnd represents amounts held in respect of small donations ot18gauès given for spe¢ific purposes. The o¢¢upational therapy unil fund was established by a donation from The Abbeyfield Egham & District Souety lo fund the conslructKJn of an occupab'onal therapy Un￿ Depreciation on this expenditure is charged against th8 fvnd annually. 22 Unrn8trfct•d lund$ The un￿striCted ffijnds oflho ¢h8rity comprise the unexpended balance$ of donations and grydnts which are not subject lo specAfic o)ndilions by donors and gf8nt¢rs as to howlhey rnay be used. These indude designated funds which have been sel aside out of unrestricted funds by the trust8$s for specific purposes. At l Jun• 2024 Incoming R•$ources r•$ourco8 expendod Gain$ and los$ès At31 May 2025 Capial ienewal fund Contingency fvnd Ggneral fund5 320,000 250,000 5.957,811 320,000 250.000 4.842,108 3,312,892 {4.355,547) 173,050) 6.527,811 3,312,892 {4,355,5471 (73,050) 5.412,106 25- THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIAY2025 22 Unr•stricted funds Icontlnuedl Pr•vious Y￿r. At l Jun• 2023 Incoming rnsourcos Resources oxponded GalnB and lossfr At 31 May 2024 Capital renewal fund Conting8ntry f￿d General funds 320,OCKJ 250,OQ41 6,885.80S 320,000 250,000 5,957,811 2,831.784 13,996.9341 237,176 7.455.805 2,831.764 13,996,934) 237,176 6,527.811 23 Anatysls of net a58ets bot￿￿n funds Unrestrlctsd funds 2025 R•strletèd nd$ 2025 Total 2025 At 31 May 2025: Tangible assets Investments Current assetsllliaknliliesl Long tami liabillies 5,340,305 1,135,112 1203,274} 1860.03n 36,050 5,376,355 1,135,112 (173.8891 1860.0371 29,385 5,412,1( 65,435 5.477,541 Unrgstrictsd funds 2024 Rèstrlcted funds 2024 Total 2024 At 31 May 2024: Tangible assets Investments Current asset￿(fiablIrt1eS} Long lem liabilthes 5,464.916 1.902,278 56.310 1895,693} 36.925 S,501,841 1,902,278 85,695 1895.8931 29,385 6,527,811 66,310 6,594.121 24 Revaluation Revaluauon of fftvestrnents al market valu8 reserve is represented by.. Balance brought fO￿ard 1 June 2024 £573,923 realise