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2025-09-30-accounts

Registered Company Number: 01182568 (England and Wales) Registered Charity Number: 268880

Report of the Trustees and

Unaudited Financial Statements for the year ended 30th September 2025

for

The Abbeyfield Great Missenden & District Society

The Abbeyfield Great Missenden & District Society

Contents of the Financial Statements for the year ended 30th September 2025

Page
Report of the Trustees 1 to 5
Independent Examiners Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 14

The Abbeyfield Great Missenden & District Society Report of the Trustees for the year ended 30th September 2025

The Trustees who are also directors of the Charitable Company for the purposes of the Companies Act 2006, present their report with the financial statements of the Charitable Company for the year ended 30 September 2025. Having considered the guidance provided in the Statement of Recommended Practice "Accounting by Registered Social Housing Providers 2014" concerning its application to charities 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 I January 2019). The Statement of Recommended Practice "Accounting by Registered Social Housing Providers 2018" has been referred to where the Charities SORP is silent.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charitable Company is established for the public benefit for the following objects:

1) the relief and support of elderly persons without regard to income, ethnicity, gender or background who are suffering from the disabilities of old age or otherwise in need

2) the spreading of honest and decent principles to all human relationships and the application of humanitarian aims to promote the relief of the elderly

3) to provide further education in the sphere of voluntary work, social work and similar activities as so as to inculcate the principles of good citizenship.

The Charitable Company has the general aim of contributing to the lives of elderly people in the local community through the provision of sheltered accommodation.

The main objectives continue to be the provision of accommodation and suppon for the elderly people in accordance with the aims and principles of the Abbeyfield Society, having due regard to the Charity Commission's public benefit guidance, including its guidance on fee charging.

The strategies employed to achieve the provision of good quality accommodation are:

Significant activities

The Charitable Company is a Registered Social Housing Provider and its principal activity is to provide accommodation and support for elderly people. This activity falls wholly within social housing activities as defined in the Housing and Regeneration Act 2008.

Volunteers

In addition to the volunteers who comprise the Executive Committee, the Charitable Company is supported by a team of additional volunteers assisting with the house activities and fund raising events. All volunteers follow a vetting and induction process.

1

The Abbeyfield Great Missenden & District Society Report of the Trustees

for the year ended 30th September 2025

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees have continued to oversee the provision of high quality support to elderly users of the Society’s housing facilities.

FINANCIAL REVIEW

Financial position

The financial results for the year are set out in the Statement of Financial Activities and the Balance Sheet. In their capacity as Trustees, the directors are responsible for ensuring the assets of the company are properly applied in accordance with charity law.

The accounts have been produced on the basis that the charity is a going concern demonstrated by its ability to withstand variable occupancy whilst incurring significant fixed costs and adequate reserves. The trustees are confident in its financial stability.

Principal funding sources

The principal funding sources are residents' charges of £340,464 (2024: £348,770) and donations of £6,374 (2024: £3,037).

Investment policy and objectives

The executive committee considers holding cash on deposit as the most appropriate investment for the Charitable Company at this time.

Financial performance

Total incoming resources
Total expenditure on sheltered accommodation and
support
Governance costs
Total expenditure including capital items
Resources expended on provision of sheltered accommodation and support
(excluding depreciation)
Capital expenditure relating to provision of sheltered accommodation and
support		 2025
354,518
326,995
47,522
374,517
7,038
381,555		 2024
2023
360,050
315,493
332,972
301,321
30,169
18,307
363,141
319,628
8,025
6,563
371,166
326,191

Reserves policy

The executive committee has determined the appropriate level of free reserves should represent a minimum of 8 months normal operating expenditure of £236,000. In addition, the Society has also developed a long term asset replacement and improvement programme allowing for an average cash spend of £35,000 per annum. The balance available, previously shown in reserves, has been transferred to a provision for long term liabilities. The balance at the end of the period was £39,325.

The performance against the reserves policy is measured over several years due to peaks and troughs in capital expenditure and variable occupancy levels. Any required funding changes are considered as part of the annual budget process against projected future spending including regulatory requirements and facility improvements for residents.

2

The Abbeyfield Great Missenden & District Society

Report of the Trustees

for the year ended 30th September 2025

FlNANCIAL REVIEW

Compliance with the governance and viability standard

The Charitable Company assesses compliance with the Governance and Financial Viability Standard on an ongoing basis and certifies its compliance. At executive committee level the governance structure ensures continued scrutiny of financial performance and continued improvement in value for money balanced with our aspiration to provide excellent services to all our residents. Day-to-day management or services rests with the house management; they are accountable to the executive committee and operations are scrutinised through a wide range of measures such as income collection, voids, management, repairs management and safeguarding. The Charitable Company has adopted the Charity Commission's Good Governance Code.

Value for money

The Trustees are committed to giving appropriate and proportionate consideration to obtaining and evidencing value for money when procuring works, services and supplies in order to maximise resources for front line services and to deliver efficiency gains. Efficiencies are based on reduction in costs and improvements in services. The Trustees aim to establish a cost conscious culture where decisions are made by taking account or price, quality. time and sustainability in order to achieve overall best value.

Abbeyfield Great Missenden & District Society monitor performance against voids (vacant rooms) as this is a key driver to ensure overall rental collection is maximised. In 2025 our void loss as a % of total rent due increased to 10.7% (2024: 7.3%) as compared to our long term average target of 9.0%. Voids increased due to a higher rate of changeover during the last quarter of 2025.

Independent Review

The Independent Examiner, Mr D Patterson FCCA has performed an independent review of the Financial Statements ended 30th September 2025

Future Plans

The Charitable Company's aims and objectives for the coming year are:

3

This page does not form part of the statutory financial statements

The Abbeyfield Great Missenden & District Society

Report of the Trustees

for the year ended 30th September 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charitable Company 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. It is also registered with the Homes and Community Agency (number H0553). Recruitment and appointment of new Trustees

The work of the Trustees is undertaken on a voluntary basis without any form of remuneration and consequently recruitment is mainly from the local community. Prospective new Trustees are interviewed and fully vetted prior to any recommendation being submitted to the executive committee.

Organisational structure

The executive committee of Trustees administers the Charitable Company. The committee nominally meets every 2 months, more often if circumstances demand. The Chair and House Manager meet regularly to discuss all matters relating to the day to day management and welfare of the residents and staff. Staff supervision and yearly appraisals are undertaken. Specific roles are assigned to individual Trustees who also regularly meet the House Manager. Dr. Lyn Jenkins was appointed Chair on the 15th September 2025.

Induction and training of new Trustees

New Trustees undergo a period of orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum of Articles of Association, the committee and decision making process, the business plan and recent financial performance of the Charitable Company. Trustees are encouraged to attend appropriate external training events where these facilitate the undertaking of their role.

Wider network

The charily is affiliated to Abbeyfield England and acts in accordance with the aims and principles Abbeyfield England.

Related parties

The Charitable Company is affiliated lo the national charity Abbeyfield England.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01182568 (England and Wales)

Registered Charity number

268880

Registered office

Abbeyfield House Link Road Great Missenden Buckinghamshire HP16 9AE

Trustees S Bottomley J Mackay L Meakin A Suman A J Hall

R E Stuart P Fensome M. Jacyna

L Jenkins (appointed 15/9/2025)

Chair

L Jenkins

4

This page does not form part of the statutory financial statements

The Abbeyfield Great Missenden & District Society

Report of the Trustees

for the year ended 30th September 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Mr D Patterson FCCA

12 Gayton Close, Chesham Bois, Amersham, Bucks HP6 6DW

Bankers

Barclays Bank Plc The Chiltern Group Chesham Branch

4 Sycamore Road Amersham Buckinghamshire HP6 SDT

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of Trustees on 16th March 2026 and signed on its behalf by:

Dr. L. Jenkins - Chair

5

This page does not form part of the statutory financial statements

Independent Examiner's Report to the Trustees of

The Abbeyfield Great Missenden & District Society

Independent examiner's report to the Trustees of The Abbeyfield Great Missenden & District Society ('the Company'). I report to the Charitable Company Trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and basis of report

As the Charitable Company'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 or 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 Charitable Company's accounts as carried out under Section 145 of the Charities Act 20I I ('the 20I I 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

Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can confim that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants.

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:

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.

Mr D Patterson FCCA

6

This page does not form part of the statutory financial statements

The Abbeyfield Great Missenden & District Society Statement of Financial Activities

for the year ended 30th September 2025

INCOME STATEMENT

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
6,374
Charitable activities
Providing support and accommodation for elderly
people
340,464
Investment income
2 7,680
TotaI
354,518
EXPENDITURE ON
Charitable activities
Providing support and accommodation for elderly
people
3 354,518
NET INCOME/(EXPENDITURE)
-
RECONCILIATION OF FUNDS
Total funds brought forward
498,602
Transfer to Provision for Long Term Liabilities
-
TOTAL FUNDS CARRIED FORWARD
498,602		 Restricted
funds
£
-
-
-
-
-
-
497,340
-
497,340		 2025
2024
Total
Total
funds
funds
£
£
6,374
3,037
340,464
348,770
7,680
8,243
354,518
360,050
354,518
360,050
-
-
995,942
1,075,849
-
(79,907)
995,942
995,942

7

The Abbeyfield Great Missenden & District Society

Statement of Financial Activities

as at 30th September 2025

BALANCE SHEET
Unrestricted
Notes
funds
FIXED ASSETS
£
Tangible assets
10 221,233
Investments
11 10,000
231,233
CURRENT ASSETS
Debtors
12 9,487
Investments
13 286,622
Cash at bank
26,619
322,728
CREDITORS
Amounts falling due within one year
14
(15,994)
NET CURRENT ASSETS
306,734
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
537,967
Amounts falling due after more than one year
15
-
PROVISIONS FOR LONG TERM LlABILITIES16 39,365
NET ASSETS
498,602
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
497,340
-
497,340
-
-
-
-
-
497,340
-
-
497,340		 2025
Total
funds
£
718,573
10,000
728,573
9,487
286,622
26,619
322,728
(15,994)
306,734
1,035,307
-
995,942
498,602
497,340
995,942
39,365		 2024
Total
funds
£
746,096
10,000
756,096
9,893
195,393
134,677
339,963
(17,928)
322,035
1,078,131
-
82,189
995,942
498,602
497,340
995,942

The Charitable Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 requirement 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.

These financial statements have been prepared .in accordance with the provision 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 16th March 2026 and were signed on its behalf by:

Mr A J Hall - Trustee

8

The Abbeyfield Great Missenden & District Society Notes to the Financial Statements for the year ended 30th September 2025

1. ACCOUNTING POLICIES

The Abbeyfield Great Missenden & District Society is a private company limited by guarantee incorporated in England and Wales The registered oflice is Abbcyfield House. Link Road. Great Missenden. Buckinghamshire. HP16 9AE.

Basis of preparation

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) 'Accouming 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 I02) (effective 1 January 2019)'. Financial Reporting Standard I02 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. the Accounting Direction for private registered providers of social housing in England 2019. The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008 and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention with the exception of investments which are held at market value.

The financial statements arc presented in sterling which is the functional currency of the Charitable Company. Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements.

As permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of lreland' the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the Charitable Company has entitlement to the funds and it is probable that the income will be received and the amount can be measured reliably.

Income derived from rental and service charges income is stated net of losses from voids. Donations in kind arc included at valuation at the date of the donation.

The value of services provided by volunteers has not been included.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charitable Company 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.

Allocation and apportionment of costs

Support costs are allocated to the Charitable Company's principal charitable activity.

9

The Abbeyfield Great Missenden & District Society Notes to the Financial Statements for the year ended 30th September 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Housing land and buildings are stated at cost less accumulated depreciation.

The cost of properties is purchase price together with incidental costs of acquisition plus expenditure on property which results in Depreciation is charged on housing properties on a straight line basis over their estimated useful economic lives. The depreciable Major components arc treated as separable assets and depreciated over their expected useful economic lives at the following rates:

Assets

ssets
tes:
Annual rates Years
Tangible fixed assets
Structure 1.00%
 100
Roofs 2.00%
 50
Windows and doors 3.33%
 30
Kitchens 3.33%
 30
Bathrooms 3.33%
 30

Depreciation is charged on other tangible fixed assets on a straight line basis at rates of 10% and 20% per annum on cost.

Where there is evidence of impairment. fixed assets are written down to their recoverable amount. being the higher of the net realisable value or the value in use to the Charitable Company. Any such write down is charged to operating surplus.

Invcstmcnts

Fixed asset investments are stated at the lower of cost and market value.

Taxation

The Charitable Company is exempt from corporation tax on its charitable activities.

Value added tax

The Charitable Company is not registered for VAT and expenditure includes any relevant VAT element.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the Charitable Company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The Society has a pension scheme for its employees which is a defined contributions scheme. The society's contribution are written off to the Statement of Financial Activities as incurred.

Cash at bank and in hand

Cash at bank and in hand includes cash held in short term deposit accounts or accounts with instant access.

2. INVESTMENT lNCOME

Deposit account interest 2025
2024
£
£
7,680
8,243

10

The Abbeyfield Great Missenden & District Society Notes to the Financial Statements

for the year ended 30th September 2025

3. CHARITABLE ACTIVITIES COSTS

Providing support and accommodation for elderly people - 2025
Providing support and accommodation for elderly people - 2024
4. SUPPORT COSTS
Providing support and accommodation for elderly people
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 Direct Costs
£
347,480
352,025		 Support
Costs (see
note 4)
Totals
£
£
7,038
354,518
8,025
360,050
2025
2024
£
£
7,038
8,025
2025
2024
£
£
27,523
27,078
Governance Costs		 Totals
£
354,518
360,050
2024
£
27,078

6. TRUSTEES REMUNERATION AND BENEFITS

There were no Trustees' remuneration or other benefits for the year ended 30th September 2025 (2024: £Nil)

Trustees' expenses

There were no Trustees' expenses paid for the year ended 30th September 2025 (2024: £Nil)

7. STAFF COSTS

Wages and salaries
Social security costs
Pension Costs
The average monthly number of employees during the year was as follows:
Hostel staff - part time
Hostel staff - full time		 2025
2024
£
£
179,659
158,730
8,686
9,276
5,235
3,028
193,580
171,034
2025
2024
5
5
2
2

No employees received emoluments in excess of £60,000.

11

The Abbeyfield Great Missenden & District Society Notes to the Financial Statements for the year ended 30th September 2025

8. HOUSING STOCK

Hostel Accommodation - Housing for older people
Number of beds
9. SOCIAL HOUSlNG TURNOVER AND COSTS
Rent receivable excluding service charges and net
of void losses
Service charges
Social housing activity expenditure
Operating surplus/(loss) from social housing
activities
Void Losses
10. TANGIBLE FIXED ASSETS
Cost
At 1st October 2024
Prior Year adj
At 30 September 2025
Depreciation
At 1st October 2024
Prior year adj
Charge for year
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024
11. FIXED ASSET INVESTMENTS
There were no investment assets held outside the UK.
Foley painting collection
Investments {neither listed nor unlisted) were as follows:		 Freehold
Land and
Buildings
£
967,445
967,445
320,112
14,183
334,295
633,150
647,333		 2025
2024
15
15
2025
2024
£
£
340,464
348,770
-
-
354,518
360,050
(14,054)
(11,280)
40,715
27,466
Fixtures and
Fittings
Totals
£
£
253,362
1,220,807
253,362
1,220,807
154,599
474,711
13,340
27,523
167,939
502,234
85,423
718,573
98,763
746,096
2025
2024
£
£
10,000
10,000
Units in Management		 2025
2024
15
15
2025
2024
£
£
340,464
348,770
-
-
354,518
360,050
(14,054)
(11,280)
40,715
27,466
Fixtures and
Fittings
Totals
£
£
253,362
1,220,807
253,362
1,220,807
154,599
474,711
13,340
27,523
167,939
502,234
85,423
718,573
98,763
746,096
2025
2024
£
£
10,000
10,000
Units in Management
2024
£
348,770
-
360,050
(11,280)
27,466
Totals
£
1,220,807
1,220,807
474,711
27,523
502,234
718,573
746,096
2024
£
10,000

12

The Abbeyfield Great Missenden & District Society Notes to the Financial Statements for the year ended 30th September 2025

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors
Prepayments and accrued income
13. CURRENT ASSET INVESTMENTS
Cash held on call deposit
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
Other Creditors
15. CREDITORS: AMOUNTS FALLING AFTER MORE THAN ONE YEAR
16. PROVISIONS FOR LIABILITIES		 2025
£
4,744
4,743
9,487
2025
£
286,622
2025
£
5,673
1,388
3,515
5,418
15,994
2025
£		 2024
£
87
9,806
9,893
2024
£
195,393
2024
£
5,807
1,456
2,782
7,883
17,928
2024
£
2025
£
82,189
-
(47,522)
4,698
39,365
Net
movement in
£
-
-
-		 2024
£
-
79,906
(30,106)
32,389
Opening Balance
Transfer from Reserves
Expenditure
Provision charge for this year
Closing Balance
General fund
Capital Grants received
Restricted funds
17. MOVEMENT IN FUNDS
Unrestricted funds
TOTAL FUNDS
82,189
At 1.10.24
£
498,602
497,340
995,942		 At 30.9.25
£
498,602
497,340
995,942

Movement in funds represents transfer of funds to provision for long term liabilities

13

The Abbeyfield Great Missenden & District Society Notes to the Financial Statements for the year ended 30th September 2025

Net movement in funds, included in the above are as follows:

General fund
Unrestricted funds
TOTAL FUNDS		 Incoming
resources
£
354,518
354,518		 Resources
expended
Movement in
funds
£
£
354,518
-
354,518
-

Comparative for movement in funds

General fund
Prior year adj
Capital Grants received
General fund
Unrestricted funds
Restricted funds
TOTAL FUNDS
Unrestricted funds
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:		 At 1.10.23
£		 Net
movement in
funds
£		 At 30.9.24
£
578,509 (79,907) 498,602
497,340 - 497,340
1,075,849 (79,907) 995,942
Incoming
resources
£
360,050
360,050		 Resources
expended
£
360,050
360,050		 Movement in
funds
£
-
-

Purposes of Restricted Funds

Social Housing Grant

Social Housing Grant can be recycled by the Charitable Company under certain circumstance, if a property is sold or if another relevant event as defined in The Recovery of Capital Grant and Recycled Capital Grant Fund General Determination 2017. In these cases Social Housing Grants can be used for projects approved by the Housing Corporation. Social Housing Grants may have to be repaid if those circumstances are not met.

18.RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th September 2025 (2024: £Nil)

19.RELATED PARTY DISCLOSURES

The liability of each member is limited to £1 by guarantee.

14