REGISTERED COMPANY NUMBER: 009964(14 (England and Wales)
REGISTERED CHARITY NUMBER: 5110644
rt of the Trustees and
Audited Flnanclal Statements for the Year Ended 31 March 2
24
for
Abbe
eld
Socie
Limited
JBC Accountants Limited
Statutory Auditor
3B Lockheed Court
Preston Farm
StOGkton on Te¢s
TS18 3SH

bbe
el
on
Soclet
Contents of the Financial Statements
for the Year Ellded 31 March 2024
Page
Report of the Tru5tee5
I to 3
Report of the Independent Audltors
Ststement of Flnancial Aetivities
Balance Sheet
8 to 9
Note5 to the FinwnciAI StAtementS
10 to 17

.rield
arlinotOD
Socle
Llm
ted
Re
ort of the Trustees
or ey ArEn
31 March 2024
The ttustees who are also dir¢ttor5 of the chkuity for the purposes of the Companies Act 2006, present Ihelr report with
the financial slaternents of the charity for the year ended 31 March 2024. The ttustees have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounls in accordance with the Financial Reporting Standard applicable in the UK and RepublTrc of Ireland (FRS 102)
(effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and alms
The Society is established for the public bcThefit to provide accommodation, care and ¢ompanioiiship for lonely or frail.
elderly people in accordance witb the aims and piinciples of the Abbeyfield Society Limited
This activity falls wholly within hostel housing activities as der￿ed in the Housing and R¢generation Act 2008.
Slgnificant actlvities
The Society provides and manages three houses for the elderly in Darlington. being SIT Charles Starnier House,
J.F.Latimer House and Earl Keelan House.
The Society's ptincipal souwe of ftmding is ihe monthly Charges received from residents for their room and meals.
Incorne received from residents for roorn hire in the year to 3 1st March 2024 was £463,121. this has increased from the
previous year (£323,756). This is largely due to an increase in the number of rooms occupied during 2023124.
Public benefit
The Executive CorDmitt¢e have complied with the duty in Scclion 17{5) of the 2011 Charities Act to have due regard to
guidance published by the Charities Commission (ie public benefit 5tsternen().
FINANCIAL REVIEW
Financigl positlon
The Society has a healihy financial position at the year end and 15 set out on the Society's balance sheet on page 8.
Cash at bank and in h￿id at 31 st March 2024 is £122,833 (2023.. £145:588) and this is available to meet any future costs
that may arise.
The net in¢om&l(expendicure) for the year w&$ £98,060 (2023: (£72,6I3) )
There h&5 been an increase in the value of iiivestments since 31 M8rch 2023 of £43,615. However. there have been
withdrawals of £100,￿0 to cover reLfiJrbishment costs. This has resulted in a fall in the value of investments at 31 March
2024 to £402,737 (£56,385 decrease). The trustees remain confident that the valuations will incre&se in the mediurn to
long Éemi.
Reserves policy
Resetves which include readily rcalisable Independently nwlaged investment portfolios are required to meet redu¢tioft
in income due lo unexpected under occupancy and unexpected levels of and any plaJ]ned repair and refijrbishment work
in the future, as well as any unplaiined emergency repairs that may arise.
The trustees consider that an adequate 1￿cl of reserves as at 3 1st March 2024 would be £250,000.
FUTURE PLANS
The Society intends to continue with thc general refi]rbisl]ment of residents rooms and the bouses and Su￿ound1ng areas
in general.
STRUCTURE, GOVERF4ANCE AND MANAGEMEI¥4T
Governing document
The Society is govemed by its Memorandum of Association which establishes the objects and powers of the Society and
its Articles of Association, both are dated 8th Decernber 1970 and amended by a Special Resolution dated 20 July 2005.
The Sociery is a Company limited by guarantee: having no share capital, as defined by the Companies Act 2006.
It is also registered as a charity wlth the Charity Commission.
Page I

Abbe field Darlin
ton
Societv Limited
Re ort of the Trustees
for the Year Ended 31 Mar¢h 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
RecrultmcnL appointment and induction of new trustees
As set out in the Articles of Associatiory the number of ttuste&s shall not be l&ss than threc and no more than eighteen.
New trustees are appointed at the Society's Annual General Mccting &$ set out in the Articles of Association. all trustees
are encouraged to nominate llew members prior to the meeting.
New Trustee8 arc ¥iven adequate training so that they are aware of thcii legal obligations under charity and company
law. the Charity Commission guidar]ce on public benefit, content of the Societys Memot2ndum and Articles of
Association, thc committcc dcL'ision-nuking processes.
Organisational strncture
The board of tmstees administers the Society through the Exccutive Committee, which meet5 a minimum of q￿arter]y. A
secretary and treasurer have Ixcn appointcd Irom members of the board..
A general managcr is cmployed to facilitate the day to day running of the Society.
Rlsk management
The trnstees have 3 duty to identify and review the risks to which the Society is exposed and to ensure thai appropriate
ontrols are in place to provide reasonable assurance against fraud and etTOr.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
00996404 (Eiigland and Wale5)
Reglstered CbArity number
500644
Registered office
Sir Cbarles St8m]er House
Danby Lodge
Asbcroft Road
Darlington
Co. Durham
DL3 8PD
Trustees
Mrs G Wiper (Secretary & Chair)
MT D L Stccl (Treasurer)
Ms C A Sobkowiak
Mts FI I Scott OBE
Mr P Robinson
Mr A Teague
Mrs F. Lyle
Rcvcrelld J S Croft (resigoed 91112024)
Dr T Birnie (resigned 811112023)
Company Secretary
Mrs G Wipcr
Audltors
JBC Accountants Limited
Statutory Auditor
3B Lockheed Court
Preston F8rn1
Stockton on T¢¢s
TS18 3SH
Page 2

Abbe field
Darlin
on
Socie
Limited
ort ofthe Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMIIYISTIL4TIVE DETAIts
Soli¢itors
LatimerHit
5-8 Priestgate
Darlington
County Durham
DLI INL
Bankers
Barclays Bank plc
27-31 High Row
Darlingloi)
DL3 7QS
STATEMENT OF TRUSTEESI RESPONSIBILITIES
The t￿￿teeS (who are also the directots of Abbeyfield (Darlington) Society Limited for th¢ purposes of company law)
are resrKinsible for preparing the Report of the Trustees and the financial scatements in accordance with applicable law
and United Kingdom A¢counting Standards (United Kingdom Generally Accepted Accounting Practice).
Cotnpany law requires the tThstses to prepare financial statements for each financial year whi¢h glve a t￿e and fair view
of th¢ state of affai￿ of the charitable company and of the incoming resources and application of resources, including
the income and expenditurc, of the charitsble company for that period. In preparing those financial statements, the
trustee5 are required to
select suitable accounting policies and then apply them consistently.
observe the methods and Principles in the Charity SORP.
make judgements and estimates that are reasonable and prndenl;
prepare the fmancial statern¢nts on the going concern basis unless it is inappropriate to presume Ihat thc charitable
company will eontinue in business.
The trnstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the finwicial position of the charitable company and to enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also Tesponsible for safeguarding the assets of the chai'itable company and hence for
taking reasonable steps for the prevention and detectiou of fraud and other irregularit(es.
In so far &$ the ttustees are aware..
there is no relevant audit inforn]alion of which the charitable company's auditors are unaware; and
the tn￿teeS have raken all steps that they ought to have taken to make themselves aware of any relevant audit
infonnation and to establish that the auditors are aware of that information.
AUDITORS
The auditors, JBC Accountants Limited. will be PToposed for re-appointment at the forthcoming Annual General
Meeting.
Approved by order of the board of trnstees on ....... .
Pl.?..￿ and signed oft its behalfby:
G Wiper - Secretary
Page 3

rt flhel d
ndent A
itor
to Éhe Trustees of
rlln
Abbevfield LDLLonJ Socie
' Limited
Opinion
We have audited the fu]ancial 8tatemenls of Abbeyfield (Darlington) Society Limited (d]e '¢haritable cornpany,) for the
year ended 31 Marth 2024 which comprise the Ststement of Financial Activities. the Balance Shcct and notes to the
financial statements. including a sun)mary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the r]nancial State￿e[lts'.
give a twe and fair view of the state of the charitable company's affairs at 31 March 2024 and of it5 incorning
resources and application of resourccs, including its income and eXpendit￿re, for the ye8J tben ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and
have been prepared in accordance with the requiremeiits of the Companies Act 2006.
Basis for opinion
W¢ ¢otLducted our audit in accordance with Iniernational Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethi¢AI Standard,
and we have fulfilled our other ethical responsibilities in accordaiice with these requiremenrs. We believe that the audit
evid¢iice we have obtained is sulficient and appropriate to provide a basis for our opinion.
Conclusions reladng to golng concern
In audicing the fmancial sratements, we have concluded that the truste￿, we of the going concern b&5is of aeeounting in
the preparation of the financial statements 15 appropriate.
Based on the work we have perfonmed, we have not idetitified any n￿terIal uncertaiiities relating to evenrs or conditions
tha¢ individually or collectively, may cast significant doubt on the charitable company's ability to contiJ]ue as a going
concern for a period of at least twelve months frorn when the financial sta(ements are authorised for issue.
Our responsibilities and the responsibilisies of the tn￿teeS with respect to going concem are described in the relevant
sections of this report.
Other Informadon
The trnstees are responsible for the other infornialion. The other infonnation comprise5 the infonnation included in the
Annual Report, other than the financial staternents and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other infom]ation and, except to the extent otherwise
explicitly stated in our report. we do not express any lorni of assurance conclusion thereon.
In connection with our autht of the financial statements, our responsibility is to re&d the other infonnation an￿ in doing
so, consider whether the other infolmation is ma1￿1allY inconsistent with the fmancial statements or our knowledge
obtained in the audir or othenvise appears lo be materially misstated. If we identify such rnaterial inconsistencies OT
apparent material misstatements, we are required to detemiine whether this gives rise lo a material misslalemenl in the
financial statements themselves. If, ba￿d on the work we have perfomied, we conclude that there is a maErial
misstatement of this other infomation, we are ￿quired to report that fact. We have nothing to report in thi5 Tegard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations
2008 requires us to report to Jou if, in our opinion..
the infonnation given in the Report of the Trustees is inconsistent in any material respect with the financial
statements. or
the charAtable company has not kept adequate accounting records. or
the financial statements are not in agreement with the accounting records and returns,. or
we have not received all the inforn]ation and explanations we require for our audit.
Page 4

rt of the Inde
AbbeTrfield
endent Au
Darlln
on
t the Trustees of
Socletv Limited
Responsibilities of trustee5
As explained tnore ￿llY in the Statement of Trustees, Responsibilities, the tsustees (who are also the directors of the
charitabLe company for the purposes of company law) are responsible for the prep￿atIOn of the financial statements and
for being satisfied that tEiey give a true and fair view, and for such internal control as the trustees detemiine is necessary
to enable the preparation of financial statements ihat are free from material misststement, whether due to fraud or error.
In preparing the fmancial statements, the trnstees are responsible for assessing the charitable company's ability to
continue as a going concem, disclosing, as applicable, tnatters related to going concern and using the going Concern
basis of accounting unless the trustees either intend io liquidate the charitable conwany or to cease operations, or have
no ￿1]StiC alternative but to do so.
Our responsibilities for the audlt of the financial 5tatement5
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act
and relevant regulations ￿￿de or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial stakments as a whole are free from
material mi&statement, whether due to frdud or eTror, and to issue a Report of the Independent AudiloTS that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guardntee that an audit conducted in accordance
with ISAS (UK) will always dttct a material missthtement when it exists. Misstatements can arise from fraud or error
and are considered material if, Individu￿lY or in the aggregafr. they Could reasonably be expected lo influence the
econorniL decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud 15 detailed below:
Irregularities. including fraud, are instances of non-compliance with lam's and i'egulations. We design procedures in line
with our responsibilities, outlined above, to detect materral misstatements in resp¢¢t of irregularities, including fraud.The
exlenl lo which our PTocedures are capable of detecting I￿¢¥u1a[itI¢S. including fraud is detailed below..
We id¢ntified arcas of law and regulations ihal could reasonably be expected to have a rnaterial effect on the financtal
slalements, from our knowledge of th¢ Charity and discussions with ts￿Sters.
- We had regard to laws and regulations in areas that directly affect the financi￿ statements, including the rules and
regulations set out in the Charities Act 2011, Companies Act 2006 and FRS 102.
We made enquiri¢s of the tn15Ees as to their knowledge of actual, suspected and alleged fraud and the existnce of
internal controls in place to rnitigatc risks of fraud ond non-compliance with laws and Tegulations.
- The cngagctncnt partner ensured that the engagement team had the appropriate competence, capabijilies and skills to
identify or recognise non-compliance.
- We addressed the risk of fraud through management bias and override of controls, by testing accounting records,
including the appropri&tenes5 of journal entries. to identify unusual transactions and asscssed whether the judgements
made in making accounting estitnates are indicative of potential bias.
We designed procedures which included but were not limited io agreeing financial ststement disclosures to underlying
supporting docurnentation alld enquiring of the trnstees as to actual and potential litigation and claims.
Our audit procedures wei'e designed to respond to risks of material misstatement in tbe fmancial ststements. recogry]ising
that the risk of not detecting a material misstatement due to fraud is higher that the risk of not detecting one resulting
frorn error. as fraud may involve deliberate concealment or through collusion. There are inherent limitations in the audit
procedLTh perfornied and the ￿rther removed non-compltance with laws and regulations are from financial
statements,the less likely we aTe to become aware of it.
A thrther description of our responsibilities for the audit of the financial stAt¢ments is lo¢atrd on the Financial Reporting
Council's website at INww.frc.OTg.uWauditorsresponsibÉlities. This description fonns part of our Report of the
Independent Audtlors.
Pag¢ 5

rt of the Inde
Abbe
eld
endent Audltors to the Trnstees of
Darlin
on
Socie
. Llmlted
Use of our report
This report is D73de solely to the charitsble company's ttustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audi¢ work has been undertaken so that we might slate to the tharitable
CoMpan￿S tn￿reeS those niatters we are required to state to them in an auditors, report and for no other purpose. To ihe
fullest exteiit pennitted by law, we do not accept or &5sume responsibility to anyone other than the charitable company
and Ihe charitable company's trnstees &5 2 body, for our audit work, for this repotL or for the opinions we have formed.
JBC Accountants Liinited
Stamtory Auditor
Eligible to act as an auditor in terni8 of Section 1212 of the Companies Act 2(M)6
3B Lockheed Court
Preston Farni
Stockton on Tees
TS183SH
Date..
Page 6

Abbe fleld
Darlin
on
SoeieTh, Limkted
Statement of Financial A¢tI￿deS
ncor oratin
all Income and F.xpenditure Account
for the Year Ended 31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fi￿dS
Restrictsd
funds
Endowment
Notes
INCOME AND
ENDOWMENTS FROM
Charitable activities
Social housing
470,115
800
470,915
329,557
Investment income
10,442
10,442
9,541
Tota]
480,557
800
481,357
339,098
EXPEII'DITURE ON
Raising fvnds
6,182
6,182
7,900
Charjtable aedvfitles
Social housing
416,685
583
417,268
375,133
Tots]
422,867
583
423,450
383,033
Net g&insl(losses) on
inve5trnents
40,153
40,153
(28,678)
NET
INCOMEI(EXPENDITURE}
97,843
217
98,060
(72,613)
RECONCILIATION OF
FUNDS
Total funds brought forward
2,008,042
716
98,000
2,106,758
2,179,371
TOTAL FUNDS CARRIED
FORWARD
2,105,885
933
98,000
2,204,818
2.106.758
The notes forn] part of these financial statements
Page 7

Abberfield
arlin
on
Socie
. Limited
Balance Sheet
l March 2024
2024
Total
funds
2023
Total
funds
Unrestricted
n(ts
Restricted
nds
Endowment
fLuid
Notes
FLXED ASSETS
Tangible assets
Investments
II
12
1,633,825
402,737
484
98,000
1,732,309
402.737
1,584,151
459,122
2,036,562
484
98,000
2,135,046
2,043.273
CURRENT ASSETS
Debtors
Cash at bank &nd in hand
13
22,091
122,384
22,091
122,833
15,778
145,588
449
144,475
449
144,924
161,366
CREDITORS
Amounts falling due within one
year
14
(75,152)
(75,152)
(97,881)
NET CURRENT ASSETS
69,323
449
69.772
63.485
TOTAL ASSETS LESS
CURRENT LIABILITIES
2,105,885
933
98,000
2204.818
2,106.758
NET ASSETS
2,105.885
933
98,000
2,204,818
2,106,758
FUNDS
Unrestricted ￿ndS
Restticted fl￿dS
4ndowment funds
15
2,105,885
933
98,000
2,008,042
716
98,000
TOTAL FUNDS
2204,818
2,106,758
The charitable company is entitled to exemption from audit under Section 477 of the Cornpanies Act 2006 for the year
ended 31 March 2024.
Tlie members have not deposited notice, pursuani lo Section 476 of the Compani¢s Act 2006 r¢qutring an audtt of these
rin8ncial staternents.
The t￿￿te¢s ￿knOwledge their responsibilities for
(a)
ensuring that d]e charitable company keeps accouniing records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which ￿ve a ttue and fair view of the state of affairs of the charitable company a5
at the end of each financial year twd of its surplus or deficit for each fmancial year in accordance with the
requirements of Sections 394 and 395 and which otherwise cornply wittL the requirements of the Conypanies Act
2006 relating to financial statements, so faT as applicable to the charitable con]pany.
(b)
These financial statements have been audited under the requirements of Section 145 of the Charitie5 Acl 2011.
The notes folln part of these financial ststements
Page 8
continued...

Abbevfleld Darlin ton
Socie
. Limfited
Balance Sheet- contlnued
31 March 2024
Thcsc financial 5tatctncnis have been ptepared in accordance with thc provisions applicable to charitable companics
subject lo the small companies regime.
The financial stalemeiits were approved by th¢ Board of Trustees and authorised for issue
s.th.i.f.W.Y>.*￿.a.￿.... and were signed on its behalf by:
on
rs G Wiper- Trustee
Mr D L Steel - Tn￿tee
Mr A Teague- T
The notes 101sn part of these financial statements
Page 9

Abbe field
arjin
on
Sode
. Llmfited
Notes to the Fknancial Statements
for the Year Ended 31 Marcb 2024
ACCOUNTIIYG POLICIES
Basls of preparing the financial statements
The finanU1￿ statenents of the charitable company, which is a public bencfit entity under FRS 102. have been
prepared ill a¢con12nce with the Charittes SORP {FRS 102) 'AL'LOUllting and Reporting by Charities: Statement
of Recommended Prdctice applicable to charities prcpdring their accounts in accordance with ihe Fillancial
Rq)orting Standard applicablc in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Rcporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial statements have been pr¢pared under the historical cost
convention, with thc cxccption uf investments whicb arc illcludcd at rllarket value, as modified by the r¢valuaiioll
of certain ass¥ts.
The charitable company has taken advantage of the following disc105UTe exernption in prepdring thesc financial
statements, as pcrmitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ircland,:
the requir¢rn¢nts of Section 7 Statement of Cash Flows.
Ineome
All income is recognised in the Statement of Financial Activities once the ch￿lty has entitlement to the fund% it
is probable that the income will be r¢¢etved and the amount can be measured reliably.
Expendiiure
Expenditure 15 recognised once there is a legal or constrnctive obligation to make a payment to a third paty, it is
probable that settlement will be required and the amount of the obligation can be measured Teliably. Expendittwe
is classified under the following headings:
- rdising funds comprise rh¢ costs of managiiig the investments held by the Society.,
expenditure on charitable activities include tbe costs directly related to the provision of Social Housing and
their related support costs.
The S￿]ety is not registered for VAT. Irrecoverable VAT is charged as a cost against the activity for which the
expenditure was inCu￿¢d.
Allocatlon and Apportionment of costs
Support costs are those functions that assist the work of the Society but do not directly undertake the charitable
dctivity. These costs illclude rnanagemenL finance, payroll and governance costs which support the provision of
Social Housing.
Tydngible r￿ed assets
DcpreLiation is provided at the following allnual rates in order to write off each asset over its estimated useful
life.
Freehold property
FIx￿reS fittt.ngs & equipment
not provided
250/0 on cost and 20 1 on cost
Housillg l¢And and properties are stated at Cost or valuation. The Lost of properties is tbeir purchase price together
with incidental costs of acquisition.
Expcnditute un housing properties, whith results in an enhancement to the ecimi)mic benefiis arising from the
properties, or is considered to be a replacernent or restoration of an item IS Cdpltalised.
No depreciation is charged on housing properties because they are maintained in a state of repair such that the
estimated residual value of land and buildings is not less than their net book value. The annual thge would
therefore be immatsial.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
UllrestrÉcted funds Can be used in accordance with the chuitable objcctives at tbe discretion of the trustees.
Page 10
continued...

Abbe
arlin ton
Socie
. Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTLNG POLICIES . eontlnued
Fund ateountlng
Restricted fimds can only be used for particular restricted purposes within the objects of the Ch￿lty. Restrictions
arise when specified by the donor or when filnds are raised for particular restr5.cted purposes.
Further eXpl￿atIon of the nature and ￿ll￿08e of each fund is included in the notes to the financial statctnents.
Pension costs and other post-retirement bcnefit5
The charitublc company operates a defined contnl)utioll pension scheme. Contributions payable to the charttable
company's pension scheme arc chdTged to the Sialement of Financial Activities in the paiod to which ihey Telate.
Investments
Investments are a forn] of basic financial instrument and are initially recognised at their transaction value and
subs¢qu¢ntly measured at fair value as at the balance sheet date using the closing quoted rnaTket pricc.Thc
statement of financial actLVlties includes the net gains and losses arising on Tevaluation and disposals during the
year.
The Society does not acqui￿ put options. derivatives or other complex financial instnllnents.
All gains and losses ar¢ taken to the Statement of Financial Activities as they arise. Realised gains and losses on
investrnents are calculated as the difference between sales proceeds and their opening carrying value or their
purchase value if acquired subsequeni lo the first of the fUL￿ClaI year. Unrea]ised gains and losses are calculated
as the difference between the fair value at the year end and their carying valuc. Rttalised and unrealised gains
and losses are combined in the Statement of Financial Activities.
The main forni of financial risk faced by the Society is that of volatility in equity markets and investment niarkets
due to wider economic conditions, the attitude of investors to inve8tment risk and Changes in sentiment
nceming equities and within particular sectors and sub sectors.
Going CoDccrn
The trustccs consider that there are no material uncertainties about the charity's ability to continuc as u going
concern. Funds held at the year-end are considered slltTicient for thc on-going operation of Ihe charity.
INVESTMEINT INCOME
2024
2023
Dividends and interest on equities and securities
Deposit account interest
9.644
798
9,182
359
10,442
9,541
Pagell
continued...

Dfdrlin
on
Socie
Limlt d
Notes to the FinxncSal Statements- conÉinued
for the Year Ended 31 March 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Social housing
Social housing
Social housing
Social housing
Residents, Room Charges
Other income
Grants
Employment allowance
463,121
1,994
800
5,000
323,756
301
500
5,000
470,915
329,557
RAISTNG FUNDS
Investment m%nggement costs
2024
2023
Portfolio llwiagement
6,182
7,900
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
Support
costs (see
note 7)
Totals
Social housing
328,769
88,499
417.268
DIRECT COSTS OF CHARrrABLE ACTIVITIES
2024
2023
Sraff Costs
Rates and water
Insurance
Light and heat
Telephone
Food and uther household costs
Repairs and Maintenance
Council Warden Service
Gardening
Hirc of plant and machinery
Depreciation
147,032
10,791
14,842
42,471
4,707
34,194
31,349
10,265
17,143
3,744
12,231
127.691
10,013
13.304
25,454
3,740
23,149
63.835
8,221
2.169
3,672
10,382
328.769
291,630
Page 12
continued...

Abbe
arljn
on
Socie
Limit d
1¥4otes to the Flnancial Statements - continued
for the Y r EDd
31 March 20
SUPPORT COSTS
Governance
costs
Management
Totals
Social housing
86,149
2.350
88.499
Support costs, included in the above, are as follows..
2024
Social
housing
2023
Toral
activities
Salaties
Mthcting costs
Sundries
Subscriptions and A￿llIatIon Fees
Profcssional fces
Auditors, remunerdtion
68,189
143
2,147
7,157
8.513
2,350
62,023
286
1,711
8,951
8,332
2,200
88,499
83,503
NET INCOMEI(EXPENDITURE)
N¢t incom¢/(exp¢nditure) 16 Stated after chargingl(¢r¢diting)=
2024
2023
Auditors, remuneration
Deprcciation - owned assets
2,350
12,232
2,200
10,382
TRUSTEES, REMLQYERATION AND BENEFrrs
There were no t￿stetS, remuneTation or other benefits for thc year ended 31 March 2024 nor for the Ye￿ ended
31 March 2023.
Trustees, expenses
There We￿ no tn￿tees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
STAFF COSTS
io.
2024
2023
Wages and salaries
Social security Costs
Other pension costs
191.668
14,061
9,492
171.595
9,996
8,123
215,221
189,714
The average monthly number of employees dwing the year wa5 as follows:
Total sta
2024
li
2023
12
No employees received emoluments in excess of £60.000.
Page 13
continued...

Abbe
eld
Darltn
on) Socie
Llmlted
Notes to the Flnancffial Statements- eontinued
for the Year Ended 31 Mareh 2
24
ii.
TANGIBLE FIXED ASSETS
Fixtsres
fittings
& equipment
Freehold
propety
Totals
COST
At R April 2023
Additions
-sposals
1,563,739
141,764
217,098
18,626
(203)
1.780,837
160,390
(203)
At 31 March 2024
1,705.503
235,521
1,941,024
DEPRECIATIOIY
At l April 2023
Charge for year
Eliti]inated on disposal
196.686
12,232
(203)
196,686
12,232
(203)
At 31 March 2024
208.715
208,715
NET BOOK VALUE
At 31 March 2024
1,705,503
26,806
1,732.309
At 31 ma￿h2o23
1,563,739
20,412
1.584,151
Sir Charles Starn]er House became an asset of the Society as a result of a bequest from Lady Stanner in January
1980. It is included in the accounts at its probate value of £98.000 plus additions at cost.
J. F. Latim¢r House was fU￿lleed by a bequest from Miss Murftel Latirner and is included at cost in the accounts.
Earl Keelan House was financed by the residue of the bequest from Miss Murial tatimer. together with those
from Thomas Earl and Miss Kcelan and is also included at cost.
12.
FIXED ASSET INVESTMENTS
2024
2023
Value of it)vestments at l April 2023
Dividend and interest received
Investment portfolio management charges
Withdrawals during the year
Movement in value during year
459,122
9,644
(6,182)
(ioo,000)
40,153
586,518
9,182
(7,9CNJ)
(1￿,000)
(28,678)
Value of investments at 31 March 2024
402,737
459,122
Analysis:
Listed investments
390,330
439,423
Cash held as part of the investment portfolio
12,407
19,699
402,737
459,122
Page 14
continued...

Abbei(ield
arlin
ton
Socie
. Llmfited
Notes to the Fingncial Statements - continued
f r th Year Ended 31 March 2024
13.
DEBTORS: AMOUNTS FALLllYG DUE WITHIN OIYE YEAR
2024
2023
Other debtors
Prcpayfflcnts and accrued income
4,446
17,645
15.778
22,091
15.778
14.
CREDITORS: AMOiiNfs FALLING DUE IVITHIN ONE YEAR
2024
2023
Trdde creditors
Social security and Dther taxes
Other creditors
Accruals and deferred income
52.509
3,322
4,033
15.288
60.528
2,192
5,968
29.193
75,152
97,881
15.
MOVEMENT IN FUNDS
movcmcnt
in funds
At
3113124
At 114123
Unrestrlcted funds
Revenue Reserve
Cyclical repairs reserve
General ch￿l¢able Reserve
1,920,470
14,000
73,572
97.843
2.018,313
14,000
73,572
2,008.042
97,843
2.105,885
Restricted funds
Morrisons Garden Grant
Ward Councillors
216
500
(75)
292
141
792
716
217
933
Endowment funds
Endowment Reserve
98,000
98,000
TOTAL FUNDS
2.106.758
98.060
2.204.818
Net rnovement in funds, included in the above are as follows:
Incorning
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
Revenue Reserve
480,557
(422,867)
40,153
97,843
Resti7Cted funds
MotTisons Garden Grant
Ward Councillo
{75)
(508)
(75)
292
800
800
{583)
217
TOTAL FUNDS
481,357
(423,4501
40,153
98,060
Page 15
continued...

Abbe
eld
D2rlln
Socie
Limited
Notes to the Financial Statements- eontinued
for the Year Ended 3
15.
MOVEMEPIT IN FUNDS - contlnued
Comparatives for movement in fund5
Net
movement
ill ￿lld8
At
3113123
At 114122
Unrestricted funds
Revenue Reserve
Cyclical repairs reserve
General Charitable Reserve
1,993,508
14,000
73.572
(73.038)
1,920,470
14,000
73,572
2,081,080
(73.038)
2,(M)8,042
Restrfctrd funds
Morrisons Garden Grant
Ward Coun¢illor8
291
(75)
500
216
500
291
425
716
Endowment fund5
Endowment Reserve
98,000
98,000
TOTAL FUNDS
2,179,371
(72.613)
2.106,758
Comparative nel movement in fi]nds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
Revenue Reserve
338,598
(382,958)
(28,678)
(73,038)
Restricted funds
Mo￿180￿$ Gard¢ii Grant
Ward Councillors
(75)
(75)
500
500
500
(75)
425
TOTAL FUNDS
339,098
(383.033)
(28,678)
(72.613)
Amounts have been set aside for future cycltcal and major repairs that may be incurred in the medium to long
tenn. This is based on the Sociery's obligation to cary out works on a continuing basis on its properties and
planned programmes of work that have been put into place.
The General ch￿￿tabl¢ Rescrve represents funds Teceivcd whiLh have been designated for a specific putpos¢.
The Endowment reserve represents the value of Sir Charles StaTmer House gifted to the Society in 1980 (see
note I l).
Page 16
continued...

Abbe field
Darlin ton
Socie
. Limited
Notes to the Finandal Statements - continued
r th Year Ended 31 Marcb 2024
16.
CAPITAL COMMITMEwrs
2024
2023
Contracted but notprovided for in the financial statements
33.741
17.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
18.
ULTIMATE CONTROLLING PARTY
The Executive Committee has ultimale control over the Society.
19.
STATirroRY INFORMATIOY4
Abbeyfield (Darlington) Society Limited is a company limited by guarantee and has no share capitsl. There are
seven members (2023-. nine), whose liability is limited to £ l. in thc cvcnt of winding up. the Society is rcgistcrcd
in England and Wales and its registered number and otwice address can be found within the 'RefetEnce and
Administrative Details, of the Report of the Trustees.
Page 17