Charity registration number SC0002671Scotland
Company registratlon number RS2203RS
ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Executive Committee
(Appointed 25 September 20241
Charlty number (Scotland)
SC000267
Company number
RS2203RS
Prlnclpal address
Reglstered offlce
Audltor
Murray Taylor Audit Limited
10 Murray Lane
Montrose
Angus
DD10 8LF
Bankers
Royal Bank of Scotland
Dundee Chief Office
3 High Street
Dundee
DD19LY

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
CONTENTS
Page
Executive Committee, report
Independent auditor's report
Statement of financial activities
Statement of financial positlon
Notes to the financial statements
10-19

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
EXECUTIVE COMMITTEE, REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Executive Committee present their annual report and financial statements for the year énded 31 March 2025.
The Executive Committee members are the trustees for the purposes of charity law.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Society Ruses of the Society. Co-operative and Community Benefit
Societies Act 2014. the Charities and Trustee Investmenl (Scollandl Act 2005. the Charities Accounts (Scotland)
Regulations 2006 las amended} and "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 1021" (effective 1 JanLsary 20191.
ObJ8Ctlve8 and activltles
The principal activity of the Society Is to provide accommodation for lonely and elderly people in accordance with
the airns and principles of The Abbeyf1eld Soclety Limited These activities fall wholly within hostel housing
activities as defined in the Houslng Act 1974 Accommodation is provided in Tullis House, Monifielh.
Achlevernents and performance
SignifiG8nt activities and achievements against objectives
The charity continues to provide accommodalion for an average of 10 persons (2024 - 91 throughout 202412025 In
a recent Care Inspectorate report the charity faired well in its grading for supporting it residents This is always the
main focus for the committee and staff.
Flnanclal ￿VIeW
The Executive Committee aims to establish a level of free reserves to enable the Society to sustain its charitable
activities. The balance held as unrestricted funds at 31 March 2025 was £110,164 12024 £96,907) excluding
designated reseNes.
Designated funds arnounling to £21 ,26712024 - £21,267) have been set aside for future cyclical and major repairs
in the medium to long term.
Restricted Funds are those funds which can only be used for particular restricted purposes specified by the donor or
when funds are raised for a particular restricled purpose. Restricted funds amount to £337,664 (2024 -£345,038).
ReSe￿8S policy
It is the policy of the Society that unrestricted funds which have not been designated for a specific use should be
mainlalned at a level equivalent lo between three and six month's expenditure. The Executive Committee consider
that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue
the Society current activities while consideration is given to ways in which additional funds may be raised. This level
of reserves has been maintained throughout the year.
Major risks
Rlsk management
The Executive Committee members h8ve overall responsibility for ensuring that the Society has appropriate
systems of control, financial and otherwise. The systems of financial control are designed to provide reasonable, but
not absolute, assurance against material misstatement or loss. They include an annual budget, approved by the
Executive Committee, regular review of actual resLJ5ts and variances from budget. and delegation of authority and
segregation of duties as far as possible given staffing levels. The Executive Committee regard the continuation of
high room occupancy as essential for the ongoing viability of the Society and steps are being taken through
advertising and contact with local authorities to broaden our appeal in the housing market for very sheltered
housing.

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
EXECUTIVE COMMITTEE. REPORT (INCLUDING DIRECTOR'S REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
The committee has no current plans for expansion or alterations to our facilities, other than to continue to maintain
our property and fittings in a good state of repair.
Structure, governance and management
The Society is registered under the Co-operative and Community Benefit Societies Act 2014 (Number RS2203RSI
and is a registered charity. It is recognised by Ihe Office of the Scottish Charity Regulator as a Scottish Charily
(number SC0002671.
The Executive Committee, who are also the directors for the PLArpose of company law, and who served during the
e?r ind 11
to thp. date nf signgtiire of the financial statements were..
(Resigned 30 September 20241
{Appointed 25 September 20241
Recruitment and appointment of Irust8es
The members of the Executive Committee who served during the year were as stated on page 1. In accordance
with the Society's rules
retired in rotation al the Annual General
Meeting on 27 November 2024. Tliey offered Iheiiiselves for re-election and were duly elected.
In accordance with the Society's rules, ￿￿WIll retire in rotation al the next
AGM and will offer themselves for re-election.
When a new Executive Committee member takes up office they require appropriate induction training.
Ongoing training is offered lo members of the Executive Committee as necessary.
Organis8tional structure
Organlsational structure
The Society's Rules govern the appolnlment of the Executive Committee, which is charged with the management of
the Society in furtherance of its principal activity, fund man8gement and financial affairs generally.
The Executive Committee shall consist of no less than 7 and no more than 18 committee members
The Executive Committee has the power to appoint committee members lo fill a casual vacancy,
One third, or the nearest number thereto, of the Executive Committee members must retire by rotalion each year
but are eligible for re-election.
The Society is a member of the Abbeyfield Society by payment of an annual subscription.

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
EXECUTIVE COMMITTEE, REPORT (INCLUDING DIRECTOR'S REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Key management personnel
The Executive Committee members consider themselves to be key management personnel of the So¢iety. in
charge of directing and controlling the Society and running and operating the Society on a day to day basis. All
Executive Committee members give their time freely and no Executive Committee members, remuneration or
expenses were paid in the year.
Executive Committee members are required lo disclose all relevant interests and in accordance with the Society's
policy withdraw from decisions where a conflict of interesl arises.
Statement of Executive Commlttee. responsiblllties
The Executive Committee, who are also the directors of Abbeyfield {Monifieth) Society Limited for the purpose of
company law, are responsible for preparing the Executive Committee, Report and the financial statements in
accordance Wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requlres the Executive Committee to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the Society and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Executive Committee are required to..
select suitable accounting policies and then apply theni consislenlly.
obserde the methods and principles in the Charities SQRP.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed. subject lo any material departures
disclosed and explained in the financial statements., and
prepare the ftnancial statements on the going concern basis unless it is inappropnate to presume that the Society
will continue in operation.
The Executive Committee are responslble for keeping adequate accounting records that disclose with reasonable
accuracy at any tlme the financial positlon of the Society and enable them lo ensure that the financial st81ements
comply wlth the Companies Act 2006, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charllies
Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the Society and
hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities.
Audltor
In accordance with the society's articles, a resolution proposing that Murray Taylor Audit Limited be reappointed as
auditor of the company will be put al a General Meeting.
Flxed assets
Delails of cost and depreciation of fixed assets are set out in note 7. Housing properties have been retained in the
balance sheet at historical cost less depreciation.
The Executive Committee, report was approved by the Board of Executive Committee.
On behalf of the Executive Committee
Date..

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE EXECUTIVE COMMITTEE OF ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
Opinion
We have audited the financial slatements of Abbeyfield Imonifiethl Society Limited {the 'Society') for the year ended
31 March 2025 which comprise the statement of financial activities. the statement of financial position and notes to
the financi81 statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102 T17e Fina17cial Reporting Slandard applicable in 11?e UK and Republic of Irela17d (United
Kingdom Generally Accepted Accounling Practice),
In our opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, foi. the year then ended.,
have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿.,
and
have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and
Trustee Investment {Scotlandl Act 2005 and regulation 8 of the Charities Accounts (Scotland} Regulations
2006.
Basis for oplnion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable
law, Our responsibilities under those standards are further described in Ihe Audilors responsibililies for the a(Idit ol
the financial slateinents section of our report. We are independent of the Society in accordance with the ethical
requirements that are relevant to our audit of the flnancial statements in the UK, including the FRC'S Ethical
Standard, and the provisions available for small entities, in the circumstances set out in note 24 to the flnancial
statements and we have fulfilled our other ethical responsibililles in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Executive Committee, use of the ￿)Ing concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the Society s ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Executive Committee with resped to going conc8rn are described
in the relevant sections of this report.
Other information
The other information comprises the information Sncluded in the annual report other than the financial statements
and our auditor's report Ihereon. The Executive Committee are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other Informalion and we do not
express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the course of the 8udit, or othetwise appe8rs to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a
material misstatement in the financial statements themselves. If. based on the work we have performed. we
conclude thal there is a material misstalemenl of this other information, we are required to report that fact.
We have nothing to report in this regard.

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE EXECUTIVE COMMITTEE OF ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
Matters on which we are required to report by exceptlon
We have nothing lo report in respect of the following matters in relation to which the Charities Accounts (Scotland)
Regulations 2006 requires us to report to you If, in our opinion:
the information given in the financial slalements Is inconsistent in any material respect with the Executive
Committee, report., or
proper accounting records have not been kept. or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
Responsibllitles of Executive Committee
As explained more fully in the slalement of ExeculSve Committee. responsibilities, the Executive Committee, who
are also the directors of the Society for the purpose of company law, are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view, and for such internal control as the
Executive Committee determine is necessary to enable the preparation of financial slalements that are free from
material misstatement, whether due to fraud or error. In preparing the financial slatemenls. the Executive
Committee are responsible for assessing the Society's ability lo continue as a going concern, disclosing, as
applicable, matters related lo going concern and using the going concern basis of accountlng unless the Executive
Committee either intend to liquidate the charitable company or to cease operations, or have no realistic alternative
but to do so.
Audltorfs responslbllitles for the audlt of the flnanclal statements
We have been appointed as auditor under section 4411 Ilcl of the Charities and Trustee Investment (Scotland) Act
2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misslatement, whether due to fraud or error. and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misslatemeiit when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is delailed below.

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE EXECUTIVE COMMITTEE OF ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line wilh our responsibilities, oulllned above, lo detect material misstalemenls in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below.
the engagement partner ensured that the engagement team collectively had the appropriate competence.
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations,,
we identified the laws and regulations applicable to the society through discussions with the Executive Committee
and other management.
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company. including relevant legislation such as the Charity, taxation
legislation, data protection, employment and heallh and safety legislation.
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence.
We assessed the susceptibility of the society's financial statements lo material misstatement, including obtaining
an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud,.
considering the internal controls in place lo mitigate risks of fraud and non-compliance with laws and regulation.
To address the risk of fraud through management bias and override of controls, we-.
'performed analytical procedures to identify any unusual or unexpected relationships..
•tested journal enlrTes lo identify unusual transactions.,
'investigaled the rationale behind significant or unusual transactions
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, bul were not limited to:
•agreeing financial statement disclosures lo underlying supporting documentalion..
'enquiring of management as to actual and potential litigation and claims.,
There are inherent limitation5 in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing Standards also limil the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
w frc.org uklauditorsresponsibililies. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity's trustees. as a body, in accordance with Regulation 10 of the Charities
Accounts {Scotlandl Regulations 2006. Our audit work has been undertaken so that we might stale to the charity's
trustees those matters we are required to state to them in an audilor's report and for no other purpose. To the fullest
exteni permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work. for this report, or for the opinions we have formed.

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE EXECUTIVE COMMITTEE OF ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
For and on behalf of M urray Taylor Audit Li miled, Statutory Auditor
Chartered Certified Accountants
10 Murray Lane
Montrose
Angus
DD10 8LF
Date.
Murray Taylor Audit Limited is eSigible for appointment as auditor of the Society by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from:
Donations and legacies
Charitable activities
Investments
1,035
197,152
5,976
1.035
197,152
5,976
1.000
169,397
5,864
1,000
169,397
5.864
Total income
204.163
204,163
176,261
176,261
Expendlture on:
Charitable activities
190,906
7.374
198,280
137,937
7,051
144,988
Total expenditure
190,906
7.374
198,280
137,937
7,051
144.988
Net Incomellexpenditure) and
movement in funds
13,257
{7,3741
5.883
38.324
{7,051}
31,273
Reconcillation of funds:
Fund balances at 1 April 2024
118.201
345,038
463,239
79,877
352,089
431,966
Fund balances at 31 March
2025
131,458
337,664
469,122
118,201
345,038
463,239
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT31 MARCH 2025
2025
2024
Notes
Flxed assets
Property, plant and equipment
13
233.393
240,095
Current assets
Trade and other receivables
Investrnents
Cash at bank and in hand
15
16
1,934
1.833
289.036
251,097
290,971
155,2421
252,931
{29,787)
Current liabllities
17
Net current assets
235,729
223,144
Total assets less current liabillties
469,122
463,239
The funds of the Society
Share capital
Restricted income funds
Unrestricted funds
19
20
21
27
337,864
131,431
27
345,038
118,174
469,122
463,239
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with
respecl to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements under the requirements
of the Companies Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable lo companies subject
to the small companies regime.
The financi31 statements were approved by the Executive Committee on . l-l-
On behalf of the ExeGUtive Committee
On behalf of the Executive
ommi
ee
Company registration number RS2203RS (Scotland)

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcies
Charity information
The Society is registered under the Co-operative and Community Benefit Societies Act 2014 (Registered
Number 2203R(Sll and is a Scottish registered charity (Registered Number SC0002671.
The Society is wholly engaged in hostel housing activities and the results relate to this sole continuing activily.
1.1 Basls of preparation
The financial statements have been prepared in accordance with the Society's governing document, Ihe
Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts {Scotland) Regulations 2006
{as amended), FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102,1 and the Charities SORP Accounting and Reporting by Charities., Statement ol
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" leffeclive 1 January 20191
The Society is a Public Benefit Entity as defined by FRS 102.
The Society has taken advantage of the provisions in the SORP for charities not to prepare a Slatemenl of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Society. Monelary
amounts in these fi nancial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
The Executive Committee continue to monitor performance, particularly occupancy levels, post year end.
Given the increased occupancy levels, level of reserves held and planned expenditure going forward. the
Executive Committee consider that there are no malerial uncertainties about the Society's ability to continue
as a going concern. Thus the Society Executive Committee continues to adopt the going concern basis of
accounting i n preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Executive Committee in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements,
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
Society.
1.4 Income
Income is recognised when the Society is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Society has been notified
of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant 15 recognised at the time of the donation.
Legacies are recognised on receipt or othewise if the Society has been notified of an impending dEtribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
10-

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a
third party, 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 classified by aclivity. The costs of each activity are made up Df the lolal of dirÉct costs and
shared costs, including support costs Involved in undertaking each activlty Direct costs attributable lo a single
activity are allocated dlrectly to that activlty. Shared costs which contribute to more than one aolivity and
support costs which are not attributable to a single activity are apportioned between those activitles on a basis
consistent with the use of resources Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use,
1.6 Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation,
nel of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
2,50h per annum reducing balance method
250/0 per annum reducing baSance method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activilies.
1.7 Impalrment of non-current assets
At each reporting end date, the Society reviews the carrying amounts of ils tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated In order to determine the extent of the impairment
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposils held al call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financlal instruments
The Society has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Society's balance sheet when the Society becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offsel, with the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financia￿ assets, which include trade and other receivables and cash and bank balances, are initially
measured al transaction price including transaction costs and are subsequently carried at amortised cost
U51ng the effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted al a market rate of interest.
Financial a55ets classified as receivable within one year are not amortised.
11

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
8asic financial liabilities
Basic financial liabilities. including trade and other payables and bank loans are initially recognised at
transaction price unless the arrangement conslilutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate melhod.
Trade payables are obligations to pay for goods or Services that have been acquired in the ordinary course of
operatlons from suppliers. Amounts payable are classified as currenl liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured al amortised cost using the effective interest method.
Derecognltion of financlal liablllties
Financial liabilities are derecognised when the Society's contractual obligations expire or are discharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Society is demonstrably committed
lo lerminate the employment of an employee or to provide termination benefits,
1.11 Retirement beneflts
Payments to defined contribution retirement benef1t schemes are charged as an expense as they fall due.
Critical accounting estlmates and judgements
In the application of the Society's accounling policies, the Executive Committee are required to make
judgements. estimates and 8ssumplions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors Ihat are Gonsidered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects i)nly that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacles
Unrestricted
funds
2025
Unrestricted
funds
2024
Donations and gifts
1,035
1,000
12-

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitablè activities
Unrestrlcted
funds
2025
Unrestricted
funds
2024
Charltable actlvities
Residents, fees
Respite care
194,802
2,350
168,297
1,100
197,152
169,397
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Rental income
5,976
5,864
13-

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
Charltable
activities
2025
Charitsble
activlties
2024
Direct costs
Staff costs
Depreciation and impairment
Food
Cleaning
Heat and light
Telephone
Repairs and maintenance
Garden expenses
General expenses
Rates and insurance
stationery
Sundry expenses
79.439
6,703
21.214
3,261
33,802
2,724
25,988
2,020
3,426
4,641
881
10,781
69,039
7,115
18,483
2,702
17,510
2,787
10,374
1,560
3,278
4,204
361
4.875
194.880
142,288
Share of support and governance costs Ise8 note 7)
Governance
3,400
2,700
198,280
144.988
Analysls by fund
Unrestricted funds
Restricted funds
190,906
7,374
137,937
7,051
198,280
144.988
Support costs allocated to actlvltles
Charitable
activitles
2025
Total
2024
Goveman
3,400
2,700
Net movement in funds
2025
2024
The net movement in fund5 IS stated after ¢hargingl{crediting)'.
Fees payable for the audit of the charity's financial statements
Depreciation of owned property, plant and equipment
3,400
6,703
2,700
7,115
14-

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Auditorfs remuneration
Fees payable to the charity's auditor and associates..
2025
2024
For audit seNices
Audit of the financial statements of the charity
3.400
2,700
10 Executlve Committee
None of the Executive Committee {or any persons connected with them) received any remuneration or
benefits from the Society during the year.
11 Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Employment costs
2025
2024
Wages and salaries
Other pension costs
78,800
639
68,431
608
79,439
69,039
There were no employees whose annual remuneration was more than £60,000.
12 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15-

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Property, plant and equipment
Freehold land Fixtures and
and buildings
fittings
Total
Cost
At 1 April 2024
546,469
51,453
597,922
At 31 March 2025
546,469
51,453
597,922
Depr8ciatlon and Impalrment
At 1 April 2024
Depreciation charged in the year
309,484
5,925
48,342
778
357,828
6.703
At 31 March 2025
315.409
49,120
384,529
Carrying amount
Al 31 March 2025
231,060
2,333
233,393
At 31 March 2024
236,984
3,111
240,095
14 Flnancial instruments
2025
2024
Carrying amount of flnanclal assets
Instruments measured al fair value through profil or loss
15 Trade and other recelvables
2025
2024
Amounts falllng due wlthin one year:
Prepayments and accrued income
1,934
1,833
16 Current as8•t Investments
2025
2024
Unlisted investments
17 Current liabllities
2025
2024
Other taxation and social security
Trade payables
Other payables
2.116
52,881
245
1,248
28,294
245
55,242
29,787
16

ABBEYFIELD {MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Retirement benefit schemes
2025
2024
Deflned contribution schemes
Charge to profit or loss in respect of defined contribution schemes
639
608
The Society operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Society in an independently administered fund.
2025
19 Share capltsl
2024
Ordlnary share capital
Issued and fully paid
27 Ordinary shares of £1 each
27
27
The Society has no fixed authorised share capital, and the liability of each member is limited to £1.
20 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2024
Resources At 31 March
expended
2025
other restricted funds
Capital grants
Garden fund
127,461
214.137
3.440
127,461
208,783
1.420
15,3541
12,0201
345,038
{7,374)
337.664
Prevlous year:
At 1 AprAI
2023
Resources At 31 March
expended
2024
other restricted funds
Capital grants
Garden fund
127.461
219,628
5,000
127,461
214,137
3.440
{5,491)
{1,560)
352,089
17,051)
345,038
17-

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Restricted funds
Icontinued
The other restricted fund represents monetary donations made lo the Society.
The capital grant was funding received for the development of freehold property. ￿ere developments have
been financed wholly, or partly, by SHG Ihe grant has been released to the income and expenditure over the
useful life of the asset.
The Garden fund relates to a donation rec8ived which is lo be used towards the mainlenance and upkeep of
the Garden.
21 Unrestrlct8d funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subjecl to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been sel aslde out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
Resources At 31 March
2024
expended
2025
Incoming
resources
Building reserve
General funds
21,267
96,907
21,267
110,164
204,163
(190.9061
118,174
204,163
(190,9061
131.431
Previous year:
At 1 Aprll
2023
Incomlng
resources
Resources At 31 March
expended
2024
Building reserve
General funds
21,267
58,583
21,267
96,907
176,261
(137,937)
79.850
176,261
(137.9371
118,174
It is the Executive Committee's opinion that funds will be required for future cyclical and major repairs in the
medium and long term. The amounts sel aside in the designated fund are based on the Society's obligation to
carry out such works on a continuing basis for the future cyclical maintenance and repair of the properly,
based on planned programmes of work for which social houslng granl (SHGI will not be claimed.
The general fund is considered to be free and is not designated for any specific purpose. The Executive
Committee considers Ihal this level of free reserve will provide an adequate. but not excessive, fund to meet
un foreseeable exceptional expenditure or exceptional loss of income due to periods of room vacancies
18-

ABBEYFIELD (MONIFIETH) SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Analysis of net assets between funds
Unrestrlcted
funds
2025
Restrlcted
funds
2025
Total
2025
Fund balances at 31 March 2025 are r8presented by:
Property. plant and equipment
Current as5etsllliabilitiesl
24,$1 D
106,821
208,783
128,881
233,393
235,702
131,431
337,664
469,095
Unre5trlctèd
funds
2024
Restrlcled
funds
2024
Total
2024
Fund balances at 31 March 2024 are represented by:
Property, plant and equipment
Current asselsllliabililiesl
26,008
92,166
214.087
130.951
240,095
223.117
118,174
345,038
463,212
23 Related party transactlons
There were no disclosable related party transactions during the year {2024 - none).
24 Non-audlt services provlded by audltor
In common with many businesses of our size and nature we use our auditor to assist with the preparation of
the financial statements.
19-