REGISTERED COMPANY NUMBER: 01086377 (England and Wales) REGISTERED CHARITY NUMBER: 268826
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2025
for
Abbeyfield Camborne Society Limited
Briants Limited Maritime House Discovery Quay Falmouth Cornwall TR11 3XA
Abbeyfield Camborne Society Limited
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
Abbeyfield Camborne Society Limited
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the Charity is to provide accommodation and services for lonely and elderly people in accordance with the principles of the Abbeyfield Society Limited. These activities fall wholly within hostel housing activities as defined in the Housing Act 1996.
Public benefit
All our charitable activities focus on the relief and care of elderly persons of all classes; the spreading of Christian principles to all human relationships; the provision of further education in the sphere of voluntary work and other such purposes as the society shall determine form time to time. The trustees confirm that they have complied with the duty under Section 4 of the Companies Act 2006 to have due regards to the Charity Commission's general guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Charity achieved incoming resources in the year of £136,756 (2024: £130,133). The related resources expended were £141,786 (2024: £149.429).
FINANCIAL REVIEW
Investment policy and objectives
The Memorandum of Association empowers the Charity to make any investment as may be thought fit. Funds surplus to immediate requirements are currently being invested in an HSBC deposit account and Cambridge and Counties Bank account with immediate access if required.
Reserves policy
The Trustees would ideally hold in free cash reserves, not invested in fixed assets, sufficient monies to cover four months average expenditure. This would have required £47,262 as at 31st March 2024. The Trustees continually monitor budgets to ensure they have sufficient funds to cover revenue expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Trustees are elected for a three year period and may be re-elected. They meet once a month, organising the day-to-day operation of the Charity's house Treveor.
The Charity is an affiliate of The Abbeyfield Society, a National UK Charity, and this umbrella organisation provides formal training and procedural manuals to The Abbeyfield Society Camborne Limited.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01086377 (England and Wales)
Page 1
Abbeyfield Camborne Society Limited
Report of the Trustees for the Year Ended 31 March 2025
Registered Charity number 268826
Registered office
Treveor 33 Basset Road Camborne Cornwall TR14 8SH
Trustees
R Bunt Deputy Chairman A Parsons Chairman Dr R Joseph Trustee N Druce Treasurer
Independent Examiner
Briants Limited Maritime House Discovery Quay Falmouth Cornwall TR11 3XA
Approved by order of the board of trustees on 7 December 2025 and signed on its behalf by:
R Bunt - Trustee
Page 2
Independent Examiner's Report to the Trustees of Abbeyfield Camborne Society Limited
Independent examiner's report to the trustees of Abbeyfield Camborne Society Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having 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 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
I T J Briant FCA
Briants Limited Maritime House Discovery Quay Falmouth Cornwall TR11 3XA
7 December 2025
Page 3
Abbeyfield Camborne Society Limited
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Housing 135,913 Investment income 2 843 Total 136,756 EXPENDITURE ON Raising funds 19 Charitable activities Housing 141,767 Total 141,786 NET INCOME/(EXPENDITURE) (5,030) RECONCILIATION OF FUNDS Total funds brought forward 470,744 TOTAL FUNDS CARRIED FORWARD 465,714 |
Restricted fund £ - - - - - - - 118,872 118,872 |
2025 Total funds £ 135,913 843 136,756 19 141,767 141,786 (5,030) 589,616 584,586 |
2024 Total funds £ 129,400 734 130,134 - 149,430 149,430 (19,296) 608,912 589,616 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Abbeyfield Camborne Society Limited
Balance Sheet 31 March 2025
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 385,244 1,693 86,512 88,205 (7,735) 80,470 465,714 465,714 |
Restricted fund £ 118,872 - - - - - 118,872 118,872 |
2025 Total funds £ 504,116 1,693 86,512 88,205 (7,735) 80,470 584,586 584,586 465,714 118,872 584,586 |
2024 Total funds £ 505,452 1,851 89,831 91,682 (7,518) 84,164 589,616 589,616 470,744 118,872 589,616 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) 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 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Abbeyfield Camborne Society Limited
Balance Sheet - continued 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 7 December 2025 and were signed on its behalf by:
R Bunt - Trustee
The notes form part of these financial statements
Page 6
Abbeyfield Camborne Society Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that 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 costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost Computer equipment - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds were received by way of a Housing Association Grant for the purchase of Treveor. The Housing Association Grant is repayable under certain circumstances, primarily following sale of a property, but will normally be restricted to the net proceeds of sale.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
Abbeyfield Camborne Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. INVESTMENT INCOME
| Deposit account interest NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Accountancy Depreciation - owned assets Deficit on disposal of fixed assets |
2025 £ 843 2025 £ 1,104 2,072 804 |
2024 £ 734 |
|---|---|---|
| 2024 £ 1,434 2,643 - |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 Employees 6 No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Charitable activities Housing 129,400 - Investment income 734 - Total 130,134 - |
2024 5 Total funds £ 129,400 734 |
|---|---|
| 130,134 |
EXPENDITURE ON
continued...
Page 8
Abbeyfield Camborne Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| Charitable activities | |||||
| Housing | 149,430 | - | 149,430 | ||
| NET INCOME/(EXPENDITURE) | (19,296) | - | (19,296) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 490,040 | 118,872 | 608,912 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 470,744 | 118,872 | 589,616 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| Freehold | and | Computer | |||
| property | fittings | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST OR VALUATION | |||||
| At 1 April 2024 | 500,000 | 25,590 | 890 | 526,480 | |
| Additions | - | - | 736 | 736 | |
| At 31 March 2025 | 500,000 | 25,590 | 1,626 | 527,216 | |
| DEPRECIATION | |||||
| At 1 April 2024 | - | 20,316 | 712 | 21,028 | |
| Charge for year | - | 1,747 | 325 | 2,072 | |
| At 31 March 2025 | - | 22,063 | 1,037 | 23,100 | |
| NET BOOK VALUE | |||||
| At 31 March 2025 | 500,000 | 3,527 | 589 | 504,116 | |
| At 31 March 2024 | 500,000 | 5,274 | 178 | 505,452 |
continued...
Page 9
Abbeyfield Camborne Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. TANGIBLE FIXED ASSETS - continued
Cost or valuation at 31 March 2025 is represented by:
| Valuation in 2018 Valuation in 2020 Valuation in 2021 Valuation in 2022 Cost |
Freehold property £ 266,769 25,000 50,000 25,000 133,231 500,000 |
Fixtures and fittings £ - - - - 25,590 25,590 |
Computer equipment £ - - - - 1,626 1,626 |
Totals £ 266,769 25,000 50,000 25,000 160,447 |
|---|---|---|---|---|
| 527,216 |
If freehold property had not been revalued it would have been included at the following historical cost:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cost | 133,231 | 133,231 |
Freehold property was valued on an open market basis on 31 March 2025 by the trustees.
The trustees have indicated that the value of the property is to be included at £500,000 as at 31st March 2025.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Prepayments | 1,693 | 1,851 |
continued...
Page 10
Abbeyfield Camborne Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Pension liability Accruals and deferred income Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Housing Association Grant TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 470,744 118,872 589,616 Incoming resources £ 136,756 136,756 |
2025 2024 £ £ 1,249 1,407 1,204 2,485 107 696 921 - 4,254 2,930 7,735 7,518 Net movement At in funds 31.3.25 £ £ (5,030) 465,714 - 118,872 (5,030) 584,586 Resources Movement expended in funds £ £ (141,786) (5,030) (141,786) (5,030) |
|---|---|---|
continued...
Page 11
Abbeyfield Camborne Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 490,040 | (19,296) | 470,744 |
| Restricted funds | |||
| Housing Association Grant | 118,872 | - | 118,872 |
| TOTAL FUNDS | 608,912 | (19,296) | 589,616 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 130,134 | (149,430) | (19,296) |
| TOTAL FUNDS | 130,134 | (149,430) | (19,296) |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.4.23 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 490,040 | (24,326) | 465,714 |
| Restricted funds | |||
| Housing Association Grant | 118,872 | - | 118,872 |
| TOTAL FUNDS | 608,912 | (24,326) | 584,586 |
continued...
Page 12
Abbeyfield Camborne Society Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 266,890 266,890 |
Resources Movement expended in funds £ £ (291,216) (24,326) (291,216) (24,326) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 13
Abbeyfield Camborne Society Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Investment income Deposit account interest Charitable activities Residential Charges Total incoming resources EXPENDITURE Other trading activities Bank interest Charitable activities Wages Social security Pensions Rates and water Insurance Telephone Postage and stationery Advertising Sundries Food & Cleaning Property repairs Computer Costs Depn of fixtures & fittings Support costs Finance Bank charges Other Affiliation fee Governance costs Accountancy Carried forward |
2025 £ 843 135,913 136,756 19 83,860 3,700 2,011 13,179 2,699 1,640 104 - 549 10,378 12,297 30 2,073 132,520 257 3,769 1,104 1,104 |
2024 £ 734 129,400 |
|---|---|---|
| 130,134 - 68,050 7,712 3,042 8,957 2,425 1,812 172 6 482 11,868 35,302 - 2,643 |
||
| 142,471 247 1,964 1,434 1,434 |
This page does not form part of the statutory financial statements
Page 14
Abbeyfield Camborne Society Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Governance costs Brought forward Bookkeeping Loss on sale of intangible fixed assets Total resources expended Net expenditure |
2025 £ 1,104 3,313 804 5,221 141,786 (5,030) |
2024 £ 1,434 3,314 - 4,748 149,430 (19,296) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15