ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMITED (THE)
{A COMPANY LIMITED BY GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED
30 SEPTEMBER 2024
Company Registration Number: 01067487
Charity Registratlon Number:
501960

ABBEYFIELD {RIPON & DISTRICT) SOCIETY LIMITED (THE)
(A COMPANY LIMITED BY GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
NTENTS
PAGES
Index
Company Informalion
Annual Report
Report of the Executive Committee
Independent Examiner's Report
10
Income and Expenditure Accourrt
Balance Sheet
12-13
Notes to the Accounls
14-18

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMITED (THE)
(A COMPANY LIMITED BY GUARANTEE)
COMPANY INFORMATION
Chairperson
Mrs SA Nichols
Hon. Treasurer
Mr PD Stephens
Administrator
Mrs S Mitchell
Executive Committee
Mrs J Allon-smith
Mrs K Bailey
Mrs J Newman
Mrs SA Nichols
Mrs J Sherwood
Mr A Taylor
Mr DA Williams
Mr PD Stephens
MrJAWard
Chair
resigned 1 Oclober 2024
Hon. Treasurer, appointed 29 November 2023
appointed 10 Novernber 2024
Company Number
Charity Number
Registered Orlice
01067487
501960
Abbeyfiekl House
Church Lane
Ripon
HG4 2ES
Bankers
HSBC Bank plc
34 Westgaie
Ripon
HG4 4HG
Solicitors
Messrs Eccles Heddon & Co
Weslgate
Ripon
HG4 2AT
Independent Examiner
Mr S Kay ACA
The Barker Partnership
Chartered Accountants
44 Kirkgale
Ripon
HG41PB

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMITED (THE)
(A COMPANY LIMITED BY GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Abbeylield Ripon Annual Report 202312024
Introduclion
The AGM report should be read in ￿njunc￿.0n WFlh previous reports in order to presenl a long term perspective
and to recognise the continued WO￿ ol the truslees over recent years. All the previous reports are lodged with
both Companies House and the Charities Commission. Biographical details of trustees and staff members can
be found on the websile.
Abbe
ield Ri
on Residents
Running the house lo its full capacity will always be an issue given the age of our residents. Since the end ol the
reporting period, when we were running al near capacity, we have seen two residents move location due to
family issues. Another resident with a long ierm condilion has had to move into lull time nursing care as he found
it difficult to continue to live independentty. The loss of these lively personalities has been fell by the whole
community al Abbeyfiekl. However, a new resident moved in very recenlly and there is increasing interest being
shown by a number of other poiential residents who have properties lo sell.
It is Abbeyfield Ripon's continued intention to provide independenl living in a sale friendly environment. Our
dedicaled team of slalf & trustees help provide SUFV)rt to residents where approprTrate and possible.
Abbe
leld Ri
on Trustees
There have been a number of changes lo the Board of Truslees over the last couple of years. It is the intention
that we maintain a balance of skills within OLJr committed team bul as a Board we recognise that we are lacking
in certain areas of expertise. As a result, we have brought in outside expertsse when n￿sSary. Abbeylield
Ripon has 8 trustees who work well together as a leam. The trustees have laken on different responsibilities with
regards to the running of Abbeyfield Ripon. We continue to come together every 2 months to discuss issues and
form strategy. Smaller sub committees rneel more regularly, lor example, the Task & Finish Group which looks
at delailed issues regarding the fabric of the building. Other members are responsible for things such as
monitoring ihe health of our residents, staff welfare and resident engagement. As the new chairman l am
delighied wilh the way the Board ol Tnjslees works iogether and enthusiaslically carry out their roles.
Facilities and Relurbishment
As rooms are vacated Abbeyfield Ripon continues to carry oul work lo upJrade rooms where necessary. Rooms
are all deep cleaned before a new resident moves in and. rf appropriate. redecorated.
A number of issues with the building were hKJhlighted as a result of inspections following the recenl tightening up
of regulations. The building as il stands was converted from a Warehouse 50 years ago and has undergone
some modifications over Ihe years. Over Ihe years work had been carried oul on a Ad Hoc basis and the
Iruslees believe that it is time to look at the overail structure ol the building in order to assess the viability and
long term future of Abbeyfiekl Ripon. The seNices ol an architectural praCt￿e were commissioned al the start of
the new financial year to carry out the assessment. They have agreed lo work in phases and the first phase of
the report was completed at the beginning 012025. The architeclural consultant was able lo assure the Board of
Trustees that the building is viable but needs work. Al Ihe last trustees meeting in January it was agreed thal
phase 2 of the report should be commissioned. It is our expectation that the nexi phase of the report will give Ihe
Board sufficient information to form a workable slrategy going forward.
on￿ the Task & Finish Group have had time to assess phase 2. which is due in February 2025. the Board will
convene a special meeting regarding the ongoing strategy for improving the fabric ol the Abbeyfield Ripon
building.

ABBEYFIELD {RIPON & DISTRICT> SOCIETY LIMITED (THE)
(A COMPANY LIMITED B Y GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Abbeylield Ripon Annual Report 202312024
Finance
Most of the Charity's investments were transferred to Andrews Gwynne in 2023, now part ol Irwin Mitchell.
following a review ol the previous manager of the investments. Andrews Gwynne made a presentation to the
Board of Trustees in September 2024 and confirmed that the aim is to preserve, as much as possible, the capilal
& income from inflalion. The Board continue to be happy with the management of this resource but accept that in
Ihe short term investments can go down as well as up.
In order to fund the removal of asbestos and other immediate work to comply wilh regulations it was necessary
to sell the holding in the CCLA Ethical Fund. There is a sufficient amount of money still available in ihe bank
accounl lo carry out the architectural survey work and some of the potential expenditure which will inevilably
follow. 11 should also be noted that void periods inevilably lead to the ne¢essily to draw down on investmenl
funds. The trustees may have to consider drawing down on some of the investment funds in order to carry out
work io ihe building. However, the truslees will ￿nsider making applications for grants to help pay lor the costs
ol building work.
Abbeyfield Ripon have started to use the Sage system of accounting wh￿h will help considerably in Ihe future
assessmenl ol income & expendilure. Costs have conlinued lo rise and it has been decided by the Board of
Trustees to increase wages by 2.50/0 and rents by 5.57 /.. These increases reflect the rise in the cost ol living
and the increasing costs in utilities, energy and food. There are also the increasing costs associated with
compliance with regulats'ons such as those to do wilh fire and legionell&
Abbe
The trustees have recently engaged more with the wider Abbeyfield lamily. Philip Birkinshaw of Abbeytield the
Dales has been a great deal ol assistance wilh offers of advice and contacts lor suitable contractors. Trustees
have been attending meetings ol Ihe Abbeyfiekl Northem Hub which discusses problems and can offer solutions
to some of those problems through networking. At)beyfield England often attend and ihis provides a useful
insight into the workings ol the Abbeyfield corwirale structure. We have discovered a number of resources which
we can access. Many Abbeyfield managers attend these meetings. and the trustees have encouraged our
House Manager to take part. We have identified three other similar independenl Abbeyfield Independent Living
chartties in our area and are forming a loose but Iruitlul ass(￿lation.
Volunteerin
We have had a number of yOLbng people wanting io volunteer. often to form part of Iheir Duke of Edinburgh
Award. Unlortunalely, many require supervision and our staff have limited time to do Ihis. We are taking on a
new mature volunteer who will lake on the role ol Clerk to the Trustees. She will take responsibility for the
minutes of meelings freeing up the House Manager and trustees to give their full attention lo meelings. The wife
of one of our tnJstees undertakes some gardening on a volunteer basis lor AtA)eyfield Ripon.

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMITED (ThE)
(A COMPANY UMITED BY GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Abbeyfield Ripon Annual Report 202312024
Review of Ob.
ectives for 202312024
Unfortunately, we have not relurned to lull occupancy.
Polential for improvements to the Abbeyliekj sile continue to be under review as this is a rnajor
undertaking.
Work continues, as it always should, to conform to recommendalions in any regulatory reports.
The refurbishment programme is ongoing.
Resident social activities and a welcome to volunteers continues. In the last year residents enjoyed
performances from a Pianist and a Magician as well as taking part in a drumming workshop.
Support to resKlents to maintain their health & well being has been achieved.
Clarification to families of residents of their responsibilities has been made.
The exploration of furKling oplions has been put on hold until Stage 2 & 3 of the architectural survey
have provided some indication of polenlial costs.
A smoolh transition ol the Chair of Trustees has been achieved.
Ob'ectives lor 2025
The pursuit of full occupancy.
The understanding of the full potential of Abbeyfield Ripon with Ihe assistance of the architectural
reports.
The conslruction of a plan to secure the long term fulure of Abbeyfiekl Ripon.
Continued work to keep up to dale with ever changing regulations and maintain the building lo high
compliant standards.
Continue relurbishment prograrnme.
Maintain resident social activities & opportunities for volunteering where leasible.
Support residents lo maintain their health & wellbeing.
Clarify the responsibilities to the families of new residents.
Explore funding Opiions.
Le
al Statemen
There have been no serious incidents to report Ihis year. The staff are all trained to recognise any incidents and
record Ihem. The aim is to resolve any incident quickly and effecltvely as has been done in the past.
Conclusion
This reFort will be made available to all resKlents and staff and a copy will be attached to the annual accounts.
Sue Nichols
Chairperson
Paul Stephens
Treasurer
Date Iq {3125
Date Iqigls

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMfTED (THE)
IA COMPANY LIMITED BY GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
REPORT OF THE EXECUTIVE COMMrrTEE
The Executive Committee submits its fifty second report and the accoLAnts lor Ihe year ended 30 September
2024.
EXECUTIVE COMMIThEE AND APPOINTMENTS
The members ol the Execulive Committee who served during the year were:
Mrs SA Nichols
Mr PD Stephens
Mrs J Allon-smith
Mrs K Bailey
Mrs J Newman
Mrs J Sherwood
Mr A Taylor
Mr DA Williams
MrJAWard
- Chairperson
Hon.Treasuer (appointed 29 November 2023)
{resigned 1 October 2024}
(appointed 10 November 2024>
The members are appointed according to experience and expertise and remain in oflice until they are
replaced.
STATUS & GOVERNANCE
The Society is regislered as a Company Limited by Guarantee under the Companies Act 2006, it is also
registered as a Charity (Registration Number 5019601 and is registered under the Housing Act 1974
(Registration Numter H0229). The Society is governed by its Memorandum and Articles of Association.
OBJECTIVES AND ACTIVITIES
The principal activity of the Society is to enhance the quality of life for older people by providing
residential care and supwrt within a caring, open, honest and respecttul community, in accordance with
the aims and principles of The Abbeyfield Society Limited. These activities fall wholly within hostel
housing activilies as defined in the Housing Act 1974. When reviewing the charity's objectives and
aclivities and future plans we have referred to the guidance contained in the Charity Commission's
general guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
The resulis of Ihe year are as set out in ihe Income and Expenditure accounl on page 12. It is pleasing
lo note that Abbeyfield House is al 90"/ts occupancy. Trustees continue to be pleased with the very
positive feedback from residents, ￿th formally through the fegular residents. meelings. and intormally in
conversation. Trustees assess the quality of Abbeylield House againsl the nalional Abbeyfield Core
Standard which is a mark of externally assessed high quality provision and which the Society achieved
in 2015. Without being in any way complacent, Trustees consider thal the state ol affairs ol Ihe Society
is very satisfactory.

ABBEYFIELD (RIPON & DISTRICD SOCIEfY LIMITED (THE)
(A COMPANY UMITED B Y GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
REPORT OF THE EXECUTIVE COMMITTEE
VALUE FOR MONEY
Through the Truslee structure ol the Sociely, it is able lo maintain its fees at a level below that of other
providers offering similar levels of carelservice in rts ge(xJraphical locality. The Committee is iherelore
very content that its service users are being offered value for money. The Society's principal funding
source is lees paid by our service users.
In response lo the Regulator of Social Housing Technical note of April 2018 the srKiety now reports on
the Value for Money melrics. There are 7 melrics covered by this technical nole. The figures in brackets
at the end ot each metric represenl Ihose of The Abbeyfiekj Society ITASI HousirvJ Association
Number H1046.
Metric 1- Reinvestment •
This metric looks at the inveslment in properties (existing slock as well as new supply) as a percenlage
of the value ol total properties held.
The Society has nol wovided any new supply in year and hence this percentage effectively reflects the
capitalised maintenance spend as a proportion ol book cost.
The Society metric for reinvestment is 30.*. {2024 TAS 4.0%>.
Melrl¢ 2 - New supply delivered %
No new supply has been delivered in the year of either social housing or non-social housing {2024 TAS
o.o°/.I
Melric 3- Gearing %
Abbeyfield House is owned outright therefore the gearing is OW. {2024 TAS -12.OY.).
Melric 4 - Earnings Before Interest. Tax, Depreciation, Amortisation, Major Repairs Included
(EBITDA MRI) Interest Cover %
The Society has not patd any interest so the metric És O¥0 {2024 TAS -3979V.I.
Metric 5- Headline soclal houslng cost per unit
Care accommodalion cost per unil is £20,96712024 TAS £27.378).
Metric 6- Operating Margin %
The operating margin lor the society as a whole is -22.840/.12024 TAS -16.21°/.).
Metric 7- Relurn on capital employed {ROCE) °
This metric compares the operating deficit to tolal assets less current liabililies which gives a figure of -
7.9201. {2024 TAS_7.1 /.).
FIXED ASSETS
Note 7 summarises the changes to the amounts of cost and depreciation on the Property.
The Committee is of the opinion that there is no significant difference be￿een the book cost and the
markel value for the existing use ol the property.

ABBEYFIELD (RIPON & DISTRICT) SOCIEff LIMITED (THE)
{A COMPANY LIMITED BY GUARANTEE)
ACCOUNTS FOA THE YEAR ENDED 30 SEPTEMBER 2024
REPORT OF THE EXECUTIVE COMMrrrEE
FINANCIAL REVIEW
During the year Ihe charity made a surplus of £29,898 compared to a deficit of £31,856 in the previous
year. This was mainly due lo the gains on investments of £68.068. The funds al the year end are
£482,203 {2023 £452,305).
RESERVES
The reinveslmenl and cyclical and maior repair rese￿eS are designated and shown as such on the
Balance Sheet.
All other funds held by the Society at the Balance Sheet date are available for furtherance of the
Society'"s aims and are therefore considered by the Committee lo be unrestricted.
FUTURE DEVELOPMENTS AND RISK REVIEW
Trustees continue to consider the possibilty ol acquiring additional or replaceme￿ premises both lo
increase the amount of accommodation the Society can provide and also to continue to improve the
quality of accommodation. In the meantime Truslees have completed several maj'or improvements lo the
existing premises funded from reserves.
Funds nol needed for immediate use have been invested for captstal growth following advice from
reputable financial advisors and income from funds held on deposit are used lo conlribute towards
annual operating costs ol the Society. Risks to the financial assets and well-being ol the Society are
minimised by spreading funds between drffereni financiai in5tttutions as well as holding a minimum 016
monlhs, operating costs in reserle in case of a su¢JJen reduction in occupancy.
10.
EXECUTIVE COMMIThEE RESPONSIBILITIES
The Executive Committee {who are also directors of the charity for the purpose of company lawl are
responsible for preparing ihe Executive Committees. Annual Report and the financial statements in
ac¢ordance with awlicable law and United Kin￿OM Generally Accepted Accounting Pract￿e.
Company law requires the trustees to prepare financial slaiements for each financial year which give a
true and lair view of the slate of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of Ihe charitable company tor thal
period. In preparing these financial statemenls, the trustees are required to=
select suitable accounting policies and then apply them consistently:
observe Ihe rnethods and principles in the Charities SORP..
make judgements and eslimales that are reasonable and prudent;
slate whether applicable UK Accounting Standards have been followed, subject to any
departures disclosed and explained in the financial staiements., and
prepare the linancid statements on the going concern basis unless it is inappropriate to
presume that the charitable company will conlinue in operation.

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMITED (THE)
(A COMPANY LIMITED BY GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
REPORT OF THE EXECUTIVE COMMrrrEE
The Executive Committee are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time, the financial posilion of the Society and lo enable them to ensure that
the financial stalemenls comply wilh the Companies Act 2006, Ihe Slatemenl of Recommended Practice
ISORPI Accounting by Registered Social Landlord 2008. Housing & Regeneration Act 2008 and
Accounts Direction 2015. They are also responsible lor safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Small company provisions
This rewrt has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
On behalf of the Executive Committee
Mrs S A Nichols
Dated.. IqIgZ4

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMrrED (THE)
{A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMITED (THE)
(A COMPANY LIMITED BY GUARANTEE)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
I report on the accounts of Ihe At￿eyfIe1d (Ripon & District) Society Ltd for the year ended 30
September 2024, which are sel out on pages 1110 18.
Respective responsibililies of Irustees and examiner
The charity's tr4JStees {who are also direclors of the company for Ihe purF)oses of company lawl
are responsible for the preparation ol the accounts. The charity's trustees consider that an audit
is not required lor this year under section 144121 of the Charities Acl 2011 (the 2011 Act) and thal
an independent examination is needed.
Having satisfied myself thal the charty is not subject to audit under company law and is eligible
for independent examination, it is my responsibilty to-.
examine the accounls under section 145 of the 2011 Act:
follow Ihe procedures laid down in the General Directions given by The Charity
Commission under seclion 145{5llbl ol ihe 2011 Act., and
stale whelher particular matters have come to my attention.
Basis ol independent examiner's report
My examination was carried out in accordance with the General Directions given by The Charity
Commission. An examinalion includes a review of the accounting records kept by Ihe charity and
a comparison ol the accounts presented with those records. li also ir￿lUdeS consideration of any
unusual items or disclosures in the accounls. and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do noi provide all the evidence that
would be required in an audit and, consequently, no opinion is given as lo whether the accounts
present a Irue and lair view, and Ihe rewrt is limited to those matters set out in the statement
below.
Independent examiner's stalement
In connection with my examination. no matter has come lo my attention..
111 which gives me reasonable cause to believe that in any material respect the requirements
io keep accounting records in accordance with section 386 of Ihe Companies Act 2006
and.,
to prepare accounts which accord with Ihe accounting records and comply wilh the
accounling requirements of seclion 396 of the Companies Act 2006, the methods and
principals ol the Statement of Recommended Practice Accounting and Reporting by
Charities and the Housing & Regeneration A￿ 2008 and Accounts Direction 2015.
121 lo which, in my OFinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
Sb)
Mr S Kay ACA
The Barker Partnership
Chartered Accountants
44 Kirkgale
Ripon
North Yorkshire
HG41PB
Dale:
10

ABBEYFIELD (RIPON AND DISTRICT) SOCIETY LIMITED (fHE}
(A COMPANY LIMITED BY GuAR￿EE)
INCOME AND EXPENofTURE ACCOUNT
YEAR ENDED 30 SEPTEMBER 2024
NOTES
2024
2023
TURNOVER
167.097
128,661
LESS
Operating Costs
1209,670)
1172,6391
OPERATING SURPLUSI{DEFICIT)
142,5731
143,9781
Interest receivable and other income
4.403
4,086
SURPLUSI(DEFICIT) ON ORDINARY ACTIVITIES
BEFORE TAXATION
138,1701
139,8921
Gains on disposal of investments
Transfer to Designaled Ac¢ounls
8,036
DEFICIT FOR THE YEAR
29,898
131,8561
INCOME AND EXPENDITURE ACCOUNT BROUGHT FORWARD
32,305
64,161
INCOME AND EXPENDITURE ACCOUNT CARRIED FORWARD
62,203
32.305
CONTINUING OPERATIONS
None of Ihe Society's activities were acquired or discontinued during the currenl and previous y8ars.
TOTAL RECOGNISED GAINS AND LOSSES
The Society has no recognised gains or losses other than the surplus for the current and previous years.

ABBEYFIELD (RIPON AND DISTRICT) SOCIEfY LIMITED (fHE)
( A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AT 30 SEPTEMBER 2024
NOTES
2024
2023
TANGIBLE FIXED ASSETS
Housing, Land and Buildings
Furnishings and Equipment
Investments
153,920
3,465
273,057
156,862
3,161
275,566
430.442
435,589
CURRENT ASSETS
Cash at Bank and in Hand
60,613
30,060
60.613
30,060
CREDITORS
AMOUF￿s FALLING DUE WITHIN ONE YEAR 10
8,852
13,344
NEf CuRRE￿r ASSETS
51,761
16,716
TOTAL ASSETS LESS CURREKf LIABILITIES
482,203
452,305
UNRESTAICTED FUNDS
Designated Reserves
Income and Expenditure Account
420,000
62.203
420,000
32,305
482,203
452,305
12

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMrrED (THE)
{A COMPANY LIMITED BY GUARANTEE)
Balance sheet (continued)
Directors. slatemenls required by Section 475(2) and {3)
for the year ended 30 September 2024
For the year ended 30 Sepiember 2024 Ihe company was enif(led to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors. responsibilities:
The members have not required the company to obtain an audil of its accounts for the
year in question in accordance with section 476; and
The directors acknowledge iheir reS￿nSibIl111eS for complying with ihe requirements of
the Act with respect lo accounting records and the preparation ol the accounts.
These financial statements have ￿en prepared in accordance wtth the provisions applicable lo
companies SL¢bjecl lo the small companies. regime and in accordance with FRS 102 'The
Financial Reporting Standard applicaEJe in the UK and Republic of Ireland..
These accounts were approved by Ihe direclors on RISIzs
behall by '.
and are signed on Iheir
Mrs S A Nichols
Chalrperson
Registration number 01067487
13

ABBEYFIELD (RIPON & DISTRICT) SOCIETY LIMtfED (ThE)
IA COMPANY LIMITED BY GUARANTEE)
ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
NOTES TO THE ACCOUNTS
STATUS OF THE SOCIETY
The Society is a privale company lim(ted by guarantee, registered in England and Wales.
It is also registered as a Charty (Registration Number 501960} and is regislered under
the Housing Acl (Registralion Number H02291 and is wholly engaged in Housing
Activities as defined in that A¢1. The address of the regislef&J office is Abbeyfield House,
Church Lane, Ripon. HG4 2ES.
ACCOUNTING POLICIES
General
The Principal Accounting Policies of ihe Scciety are set out in the following sub-
paragraphs.
Accounting Basis
The financial statements are prepared under the historical cost convention, and in
accordance with Accounting and Reporting by Chartties.. Slatement of Recommended
Practice applicable lo charilies preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1
January 20191. The Housing SORP 2014, Companies Acl 2006 and the Charities Act
2011.
The financial slalements are prepared in steding, which is the fur￿lOnal currency of the
entity-
Income
Income represents renlal income receivable net of rent losses from voids and service
charges receivable.
Finance
The Accounls have been prepared on Ihe basis Ihal the Property referred to in Note 7 to
the Accounls. has been financed by grant aid and also the Society's own resources.
Depreciation
Furnishings and Equipment are depreciated at 20Yo per annum on a reducing b￿ance
basis in order to write off the assets over their estimated useful life.
Housing, Land and Buildings are deprecialed over 50 years on a straight line basis.
Freehold Land is not depreciated.
Investmenls
Fixed assel investmenls are slaled at cost.
Social Housing Grant {SHG) and Olher Grants
Where SHG is received as a ¢ontribulion iowards the capital costs of a scheme and the
properties are included at historical cost. the lotal grant receivable is deducted from Ihe
cost of housing properties.
Corporalion Tax and Value Added Tax
The Society is exempt from Corporat￿n Tax and VAT due to its charttable stalus.
Cash Flow Slatement
Exemption has been taken from preparing a cash flow statement on the grounds that the
Society qualifies as a small company.
14

ABBEYFIELD (RIPON AND DISTRICT) SOCIEfY LIMITED (fHE)
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
YEAR ENDED 30 SEPTEMBER 2024
2.10
Deslgnated Reserves
Designated reserves are part of unreslricted reserves which have been earmarked by the Execulive
Committee for a particular p￿￿oSe. Such designations may be reversed by future Executive
Committee decisions. Expenditure cannot be directly sel against designated reserves but is laken
Ihrough the income and expendilure account. A transler is Ihen made Irom designated reseNes as
appropriate.
2024
2023
TURNOVER
Residential Charges Receivable
167.097
128,661
The lurnover and surplus are attributable to the one principal activity of the society.
OPERATING COSTS
Staff Costs (note 51
HBC Response Servi￿$
Food, Household and Cleaning
Flepairs and Maintenance
Rates and Water
Light and Heat
Insurance
Miscellaneous Expenditure
Depreciation=
Building
Fumishings and Equipment
Telephone
Affiliation Fee
Accounling and Payroll Services
Independent Examination
Advertising
Stationery
Bank Charges
82,686
4.500
21.015
63,152
5.903
13,945
2,975
5.197
77,416
3,380
21,253
32,981
5,889
13,369
2,920
4,559
2.942
869
767
2,033
1,596
1,500
2,942
790
601
2.902
708
2,340
383
207
335
254
209,670
172,639
15

ABBEYFIELD (RIPON AND DISTRICT) SOCIEfY LIMITED (fHE)
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
YEAR ENDED 30 SEPTEMBER 2024
2024
2023
STAFF COSTS
Salaries and Wages
Social Security Costs
Pension
77,239
4,374
1.073
82,686
72,139
4,062
1,215
77,416
No director received any remuneration or expenses in the year.
The average weekly number of employees during the year was as follows:
Number
Number
Hostel Staff
INTEREST RECEIVABLE AND OTHER INCOME
HSBC Bank plc
Investment Income
HMRC Employers allowance
24
4,374
4,403
4,062
4,086

ABBEYFIELD (RIPON AND DISTRICT) SOCIETY LIMITED ITHE)
(A COMPANY UMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
YEAR ENDED 30 SEPTEMBER 2024
TANGIBLE FIXED ASSETS
HOUSING
FURNISHINGS
PROPERTIES
AND
FOR LE￿ING EQUIPMEpir
COST OR
VALUATION
TOTAL
At 1.10.2023
197,078
60,464
257,542
Additions
1,171
1,171
AI 30.9.2024
197.078
61,635
258.713
DEPRECIATION
At 1.10.2023
40,216
57.303
97,519
Charge for the Year
2,942
3,809
At 30.9.2024
43,158
58,170
101,328
NET BOOK VALUES
AI 30.9.2024
153,920
3.465
157,385
At 30.9.2023
156,862
3,161
160,023
The cost of Housing Properties for Letting is shown net of Social Housing Grant received in the
past of £41,204.
Included in Housing Properties for Letting is £49,987 of land.
INVESTMEKrs
ATKINSON
WHITE
AccouKr
USTED
CCLA
INVESTMEPtrs INVESTMEKr
COST
TOTAL
At 1.10.2023
50.000
225,566
275.566
Additions
47.491
47,491
Disposals
50,000
50,000
At 30.9.2024
273.057
273,057
The marf(et value of the investrnents as at 30.09.24 was £284,339.

ABBEYFIELD (RIPON AND DISTRICT) SOCIETY LIMITED (THE)
(A COMPANY UMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
YEAR ENDED 30 SEPTEMBER 2024
2024
2023
CASH AT BANK AND IN HAND
Bank Accounts:
HSBC Current Account
HSBC Switching Funds Account
45,147
1.513
15,780
1,484
House Management Accounts:
Wages Account
Housekeeping Account
10,977
2,908
10,984
1,762
Cash:
House Float
50
60,613
30,060
10
CREDITORS
AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade Creditors and Accruals
Other Creditors
8,652
200
8,852
13,144
200
13,344
DESIGNATED RESERVES
Reinvestment Reserve
Opening B￿arIce
Transfers
Closing Balance
370.000
370,000
370.000
370,000
Cycllcal and Malor Repair Reserve
Opening Balance
Translers
Closing Balance
50,000
50,000
50,000
50,000
420,000
420.000
12
SHARE CAPITAL
The society, being lirniled by guarantee has no share ¢apital. The number of memb8rs, each of
whose liability is limiled lo £1 is 1012023 - 10).
13
CAPITAL COMMITMENTS
During the forthcoming years to 30 Septemt*r 2026, the organisation is commitment to spend £200k
on improvements lo the premises to build in a lift as well as an intemal fire escape, it will also
include re-wiring the buikling.
18