REGISTERED COMPANY NUMBER: SP1870RS (S¢o¥l*•d) for
ridd ine & District Content$ of tb¢ for the Year E ID el1 SttemeDts th tember 2024 P%e Report of the Truste I to 4 Report of th¢ Independent Auditorj ststem¢nt of FIDttel Aetlvltl BAlan¢¢ Sheet Notes to tht Fln•ndal St•teme•ts Detalled Sttemen¢ of FInCIAl Actfvld 16 to 17
Abbe Irvine & Dlstriet Llmited ort of tbe Truste¢5 for ihe Ye4r Ended Joth tem 20 The trUStee8 who are also directors of the ¢batity for the PUTw>se5 of th¢ Compatiies Act 2006. pr¢seDi their Teport with the financial stat¢ments of the charity for th¢ year ended 30th SeptembeT 2024. The mistee5 have adopted the provisions of Accounting and Reporting by ChaTiti&q.' Sthtem¢nt of RCCOMmend Practice appble to chaTities pr¢pariDg thcir ¢counts in accordance with thc FinaD¢l Reporting StsDdard applicabk ID the UK and Republi¢ of Ireland IFRS 102) {effectiv¢ l Janugry 2019). OWEcrtVES AND AcTIVlEs ObJectlv¢5 Dd alms The Principal activity of the society is to provid¢ x¢onMnod¥tion. ure and comp#nioDthip for lonely or fr&il ¢lderly peopl¢ in acwrdatK¢ with the aims and prncipl¢$ of thc Abbcyfield Society Limitr The rn1¢5 of the Abbeyficld So¢iery. of which the Irvine Society ig an 8ffiliaied memb¢r. govern the appointsnent of the Commiiie¢ which is charg¢d with the mana8em¢nt of th¢ Sociw in furtherance of its principal aetivity, fund mona8em¢nt and financial affairs generally. Mcmbers of the Executive Committrc are ¢hOn by selcction or election and ¢a¢h on¢ becomes a member of th¢ KIety upon payment of £l."sbaTiD8 the back-up of M¢mb¢r Socicti¢s. and of Cowity. RegionE41 National Volunte¢Ts and StatT' (The Abbeyfi¢ld Slery. S¢piemb¢r 1997). Each member of tbe Executive Committee 1$ 8ppoint¢d for a terni of thrtt y¢sYs following which heJsh¢ is required to relire but is ¢118ible for rcwel¢etion. The Ex¢¢utive Committre mc¢ts as •MI when required, iwluding the MINIMUM thrK monthly m¢cting$. Th¢ society 18 an affiliated member of Th¢ Abwold &xiety by payiDtht of wwual 8ubsaiption. STRATEGIC REPORT Aehlev¢men¢ Dd perftsmn¢¢ Chrltble •¢tlvi¢les The tru8t¢¢s are satisfied that the prirn objecuves of the chtirity hjve bem achieved d¢5Pite the ¢hallen8e8 pr¢sented by the COVLD-19 pandemic as ferred to below. The tntstees are committed io mainl8ining the fabri¢ of the house in ihe highest sto1¢ of ropair for the beDcfit of th¢ residents. Flnancll revlew Th¢ fman¢ial results for th¢ year ar¢ sd oui in the statemrfli of financial ictiviti¢s and the position at the end of the yeAr is as shown on thc balance sheet. The10ss for the year hag been transf¢rred io the accumulated Surplus. The trusiee8 are utely aware of the nwl to have adequa reseTves and will Wo18 to a¢wmulate appropriatc reserves iti the Coming yeS through a pro8ramme of in¢re8se5 in residenls, ¢e5 and c05t mitigation mc95ures. The PA5t 3 years hhv¢ been cxtremely challenging for eare homes in Scoiland As a result of the COVID-19 8lobal p8ndemi¢ and the con#iderable costs that W¢T¢ ¢sl1Y ineurred in comptyll)g with PPE requirements ¢tr. In addition, th¢ in¢88c8 in NalioDal Minimum W4Bc Compliance and the introduction of workplace pensions haye both had significant In1 on tb¢ ¢lwity'S finan¢u. Th¢ trus*¢s have also wnsidere4J the nalional Insurance ¢han8es efftive from April 2025. As discloscd in th¢ 2024 a¢¢ouD the tTUStees have undertaken a thorough financial Tevi¢w and have implen)¢nted measures to both inue8se the rcveDue and to nw18ge costs attd ov¢rhead8. The tbis y¢ar h8ve significantty impioved a8 a resulL At th¢ date of this reporL th¢ home is filY wcupied. The tswiees would lik¢ to conv¢y their thanks to all th¢ stsff for their ¢QDtinu¢d dedic¥ion to the wellbeing of the residents. Golng coneerD The ¢n]stees have w)d¢rtaken a review of th¢ forwaTd chan"tsble trading and cash flow forecasts which will be uged to monitor progrG88 on a regular b&8is. After kIng enquiries. the bave a reasonable expectats'on that the charity has adequate resouTfXS to continue OP¢Tlg for the foreseeablc bjuwc. Accordthgly. the accounts continue to be pr¢pared on th¢ going concern basis. Future plans The ttust¢¢s are cowmitt¢d to maiDiainiD8 the bouse in th¢ bigbest slate of Tepair for the b¢nefit of the tesid¢DIS. Pa8e I
STRUCTURE, GOVERNANCE AND MANAGEMENT Strncturt TFL¢ society is regi8t¢red underTh¢ Co-op¢rative & Community B¢nefii SocAeti¢s Act 2014. The society is also a Scottith registered ¢hariry. Charity llUTnb¢r SCOI1862. Related parties Th¢r¢ are no knovrn or undis¢losed r¢lated party Considu10rts. Rlsk mAnagemet The ttiJslee5 have a thityto identify and r¢view the risks to which the clwTity is exposed attdto ensure 8ppropriat¢ controls are ID plaee lo provid¢ T¢asonable assurance agaiDSi fTaud and ¢rror. Page 2
Abbe rield Irvine & District Socie Limlted Re ort of tbe Trustees ftsr the Year Ended 30th S temb 21124 REFERENCE AND ADMINISTRATIVE DETAItS Regi$tered Company nutttber SP1870RS {Seotland) RlItered Charity number Audltor9 Rogerson & Goldie Staiutory AuditOTS Charter¢d Accountants 29 Portland Road Kilmarn¢xk KAI 2BY Pa8¢ 3
Abbe Irvine & Distri¢t So¢1 Limlt Re ort of the Trus¢e¢s the Ye#r EDded 30th Se tember 21)24 STATEMENT OF TRUSTEES. RESPONSIBILITIES The tsvstees (who aT¢ also th¢ dirlorS of Abb¢yfield Irvine & DistrÉct SocTrety Lirnited for thc PUTposes of compally law) ate r¢sportsible for preparing the Report of th¢ Trust¢cs and the fin¢]91 statetnents in auordarLC¢ with applichble law and Unitrd Kill8doTD AccoulliiDg Stsndards (Unjied K]ngdom G¢ner8lly Accepted Accounting Practice). Company law requires the trustees io pr¢paTe financial ststemrnts for each financial y¢8r wbich give 8 tsue and fair view of th¢ state of affairs of the clharityble cornpany and of the incoming r¢sources and dpplicatson of resources, Lncludin8 thc income and exp¢ndibJT¢, of the ¢haritable c05npY for that puiod. In prq)arin8 those ftswicial Slat¢men the tr$¢S required to s¢l¢cl Suitable accouttting policies and thcn apply tbcm consisienfly; obsctwe thc m¢thods and principles in the Charity SORP. make judg¢Tnents and esiimates that r¢asonable and prudent; State wh¢ther applicabl¢ accounting Standd have b¢en followed subject to any material departure5 disclos¢d and explaincd in th¢ financial stat¢ments- prepe th¢ [all¢lai statemcnts on the going concern b&3is unJ¢ss li IS IpPrOPTIa to presume that the chariiablc company will coTh¢inue in busine56. Th¢ truste¢s are r¢$ponsibl¢ for k¢¢ping proper ac¢ountin8 records which disclose with reasonable accw8Cy at 8ny lime th¢ fmoncial position of th¢ charitable company to enable th¢m to ¢Ttsure that the fJnanci81 statem¢rtts comply with the Companies Act 2(K)6. They atso r¢sponsible for safeguhrdÈn8 the assets of ibe ¢haritabl¢ ¢ompwJy and h¢nce for tskillg reawllabl¢ $teps for the pwvenuoD alld d¢t¢¢tiOD of fraud and oth¢r i¢glantic5. In so far as the truske$ are aw4r¢'. there is no r¢l¢vant audit it)fornatiOll of wCh thc ch8ritsble compan5 auditors are Unawa,. and the tTUStecs have iak¢o all st¢ps that they ou8ht to have tsk¢n io make th¢mselv¢s aware of any r¢levhot audit infonnauon 8nd to ¢stsblish that the audir$ are aware of that itsforn)atiOll. AUDITORS Thc auditors, Rogcrson & Goldie, will be Proposed for re-ap)7Cnt at the forthcomin8 Annual Genernl Meetin8 Approved by the b08rd of tr4LStees. as the eomp4ny dire¢tor4 on 28 April 2025 and signa on the bo8Td'$ bebalf by.. Pag¢ 4
Re ort of the Inde be ri¢ld Irvlne Dls¢riet Socie ndent AudltOTS to the Trus¢ed of Limited OplDSon We have audited the financial stai¢ments of Abbeyfield Irvine & Distti¢t Socicty Liroited (th¢'charitable compang) f th¢ year ¢ndcd 30th Sept¢mber 2024 which wrnprise th¢ Slat¢rnellt of Financial Activities. the Balonce Sh¢eL th¢ Cash Flow Statem¢nt and Doles to the finaDcial stam¢nts. including a sumrnary of signific4Dt accounting polici¢s. The fancial reporting fr8mework thai has been appli¢d in th¢ir prq)ardtioD is applicabl¢ law and United Kingdom Accounting Standard% Iutiitrd Killgdom Gen¢rally ACC0 A¢eountillg Practice). In our opinion the financial 518tem¢nts". give a true and fair view of the stste of th¢ clwitable Compl affairs os at 30th Sept¢mber 2024 and of its iD¢oming resources and applic8tiOll of r¢sources. including its InMe and exp¢nditiir¢, for the year then ended; hav¢ been propcrly prepared in accordanee with Unit¢d Kingdom Generally Accepted Accounting Prnctice. and have b¢¢n prared ID accordance with the requ7MentS of the Companies Act 2006, thc Ch8rities and Tn1¢ IDVtttment (Scotlalld) Act 25 and Regul3tion 8 of the Ch&n"ties Attourlts (ScotlaDd) R¢gulations 2(J)6. Basls for oplnlon We conducted our audit in accordance with Intcmatior$81 Sthndards on Auditing (UK) (ISAS IUK)} and 4)plicable law. Our rcspongibilities under those siandards ar¢ fiJnh¢r describ in th¢ Auditors, respoDsibiliiies for the audit of the rinaTLcial stat¢ments section of our report. Wc are ind¢pendeut of the charitabl¢ ¢omp8ny in bccordanc¢ wiib the ethical r¢quirem¢nts thai are relevant io our audit of the finaDeial sratemeDts iti th¢ UK including the FRC'S Ethical stalldd, and w¢ have fvlfjlled our oiher cthieal rcsponsibiliti¢s in 8ccordanc¢ with th¢ge requirements. We b¢li¢ve that the oudit evidence we have obtained is sufficient and apwopriate to provid¢ & basis for w opinion. Con¢luJloDs r¢ltiti8 to £r•lDg ¢on¢ern We have nothin8 10 reporf in r¢spe¢i of the following rnattus in Telation to which the ISAS (UK) require us to report to you where.. the tNsk¢s' use of the going concern basis of accountin8 in the prcparation of the fiTkncial statemcnts is not appropriate. or the tru5t¢es h&v¢ not disc105ed in th¢ fitwKial $taiem¢nts any identified mattrial uncerthinties that may cast Significant doubt about th¢ chAritsble COMpS ability to continue to adopt the going con¢ern b¥si5 of acCoUntll for a period of at Icast tw¢lve month$ from the date when the fwncial ststements are authoris¢d for issue. Otber Inform*tSoD Th¢ trnste¢$ ore responsible for the other infomialion. The other infomtiOn comprises the information in¢luded in the Annual Report. other th8n the financial slat¢ments and our Rort of the Indep¢ndeni Auditors th¢reort. Our opinion on th¢ financial sthtements does not cover th¢ otherlnf0rntioll ¢¢ptt0 th¢ extentotherwise explicidy ststed in our T¢porL w¢ do noi express any forni of assur8nrx conclusion thereon. In conttection with our audit of th¢ financiwl 5wements. our r¢8ponsibility is to read the oth¢r InforMOn 8TrJ, in doin8 so consideT wheth¢r thc other inforniation is m8tcrially incoLsisl¢nt with th¢ financial statements or our knowlcdgc otritained in the f¢udit or otherwise appeari lo Ix materially misstated. If w¢ identify such mat¢riHI IOnsi5tenclcs or appar¢nt material miSsts¢ets. we are required to determine whether there is a material mi$5tatement in the flnancial statements or a rnatenai misstatemertt of the other infomauon. If. based on the WOTk we bave perfornied. w¢ conclude that there is a rnateri&l missthtement of this other infom)ats'O we are rll1red to report that fact We hav¢ nothing to report in this regard. MAtttrJ on whlch we ¥Jre r¢oulred to report by exeeptll We have nothing to repon in respecl of tbe foLlowin8 matt¢rn where the Chariti¢S ACUnLI (Scotland) Regulations 2006 requires ui Teport to you if. ID our opiniou.. the infonnats.on givcn in the Report of the Trus¢Ks is Inco151¢1 in any material respxt with the f]nanci81 statements. or Thc charitable company has not kept adquate aOUnting rccords.. or the finaDcial statements ar¢ not in agreement with the a¢¢ountmg r¢eords 8Dd returns. or we have not received •ll the llrforniation and cxplanati¢)ns we Tequire for our audit. Responsibl]Itl¢6 fjf trustees As explained mor¢ fully ID the Statement of Tru5tees' Responsibiliti¢s. the trnStees 8xe SPonSIble for the pr¢paraiion of th¢ fjnancial statett)¢nts and for b¢ing satisfied that they give a true #nd faÉr vTrew. and for such internal control 8S the Jste¢s determiue is necessary io enable the pr¢parakn"on of financial statements that are free from material misstatejnent. whether due to fraud or ¢rn)r. Pgge 5
Inpr¢paringth¢ fillanci¥l tementhe trte$8[¢ respoDsibk for &8sessing the cbaritablecompans abilityto ¢oniinu¢ as a going concern. di%losiDg. &s applicable. matters relat1 th going conc¢m and using th¢ going ¢oncern basis of accounting unlcss the trnst¢¢8 eith bquidat¢ the cbaTitsble or to ¢e&s¢ operations. orbave no realistic alternative but to do so. Our re$pothslbilitits for the iudit of the fiDatttl*l ststsmepts We have been appointed as auditors Under Swtion 4411){c} of th¢ Charities aThd Trustec Investm•it {Scoil8nd) Aci 2005 and report in accoTdattce with the Act relrni r¢8ulatsOL8 nlade or having effect ther¢ullder. 0robjeCtiVeS are to obtsin Tcasonable &smranc¢ aknui whetherthe financial stements as a whole are from material misststement. whether due to fr3ud or error. and to issue a R¢port of the Ind¢p¢lldent Auditors that includ¢s our opinion. Reasonable Jssurance i$ ahigh level of assurance, but is nol a guarant¢e that an audit conducted in aceord8nce with ISAS (UK) will always d¢tect a rnaterial misStatem¢nt when it exists. Missthrements can arise from fraud or error and are ¢onsideT¢d Maten if. individually or in the aggr¢gate. th¢y could reasonably be expecied to influ¢n¢¢ the OnOMIC decisioDS of users takell on the basis of these fancIal 5tstemeDts. The ¢xi¢ni to which our pro¢eduTes aT¢ capable of detecting irregul8n"lies. including ftalld is detailed below.. ltt identifying and ass¢5sin8 risksof m8teri81 misststement in resp¢ctori%u18Titic8. inchIng frd and non compliance with laws and regulations, we considered the following.. -th¢ llaiuTe of the industy and seclor. control ¢nviroDmCnt and Ch"ty perfonnance,. -r¢sults of our enquiri¢s of manag¢meot abour their owo IdentsficaiioD and ass¢wnent of the risk5 and fraud and irr¢gularities' -any matt¢rs we identifjed havin8 review the clwity'$ Intern eolltrols ¢Stablished b) mitigate risks of frd or non ¢omplian¢¢ with laws and regulations.. .th¢ matters dixu&scd among the audit cn8agem¢Dt t¢am Teg8rditt8 how and wh¢r¢ frajjd mighi occur in the fuwieial 8tstemctt¢s and any potenti81 indicators of fraud. A further description of our rwjnsibilitits for th¢ audil of the financial stalemcnts is locot¢d on the FiD#neial Reportin8 Council'5 w¢bsiie atwww.frc.0rg.uklaudiiors&p0slb1lIIif$. This descripiion ftsrn partofour Report of th¥ Independent Auditors. Use of our report This r¢port is m8d¢ solcly to th¢ clwitsbl¢ companys knJstC¢s, as a bo(ty. in accordance with Re8ulation 10 of the Charitics A¢¢ounts (S¢otland) Regulations 2006. Our audii work has bcen undertakcD $0 thal w¢ mi8hi sl91¢ to the haritabl¢ ¢omp8ny's trustces thos¢ matters w¢ are requir¢d to stale to ihem in an AudiioTS' r¢port and for no other purpose. To the full¢st extcnt p¢miitted by law. we do not acccpt or assumc reS)sIbIlIty to anyone other than the charitable Company and the Arit4hle enm Anv'4 trn8Lees 85 a bodv. for our audit work. for this rcporL or for the OPinLOllS wc have fom)cd. Rogerson & GLII Statutory Auditors Chartered Accountwts Eligible to act as an auditor in terms of Sedion 1212 of the comp1 Act 2006 29 Portlalld Road Kilmarno¢k KAI 2BY 28 Awil 2025 Page 6
Abbe rield itte & Di$trl£t Soci Limit¢ Statement of Financial Activitie5 for th Year ttded 30tb Se tember 2024 2024 Restrfe¢ed fuDd 2024 UDrestrided 2024 Total 2023 Total fund Notes INCOME AfqD ENDOWMENTS FROM DonE4tions,legaci¢s and grants 1893 1893 9l,997 Investment iOme Cbarltsble activitles Operation of Abbeyfield House. lJ18,195 1,262,849 Total lJ21.088 lJ21,088 1,354,846 EXPENDITURE ON Cb*rl¢4ble Actlviti Operation of Abbeyfield House. 1383.781 1283,781 1.175.542 Other 40 2 40632 Tot81 l J24,413 lJ24413 1,216,946 NET INCOMFJ(EXPENDITURE) (3J25) (3J2S 137,9CN) RECONCILIATION OF FUNDS Total futtds brought forward 530,986 610,986 473,086 TOTAL FUNDS CARRIED FORWARD 610986 Page 7
Abbe Irvlne & Di8triet &)eie Limited BalAnce Sheet Ilth S ternber 2024 2024 21124 Restricted Unrestrlcted Fllnd fund 2024 Ttytal fund 2023 Total Notes FIXED ASSETS Tangible ass¢ls 404.659 li 41M,681 41J4,681 CURRKNT ASSETS Debiors Cash at bat)k iti lJaDd 12 42970 42970 121 201 $7 57 21,352 257 652 164,227 244,227 279,004 CREDITORS Amount5 falling due within on¢ year 13 (41347) (41,247) (72.677) NET CURRENT ASSETS 206.327 TOTAL ASSETS LESS CURRENT LIABILITIES 80,iMIO 527MI 607,661 610,986 NET ASSETS 610986 FUNDS Restri¢ted fundi 14 80,flOO 80,IJOO Ut)resrri¢tcd fijnds 27 527 661 530,986 TOTAL FUNDS The chwitablc company is entided to cxemption from audit wthr S¢¢lion 477 of the Compani¢$ Act 2006 for th¢ year ¢ndcd 30th September 2024. Thc members hav¢ not deposited notice. pursuant to Sectiort 476 of the Comp1¢$ A¢t 2006 r¢quiring an audit of th rinancial ateMents. The trustees knoW1¢d8e their r¢spon5ibilities for (8} ets8uriDg thai thc charitsble company keeps xcounliD8 Tecords Comply vjith Secth'ons 386 snd 387 of the Comp8nics Act 2006 and (b) prewing fuwlcial sthtements which giv¢ fd true and fw of th¢ state of affairs of the clwitable company at the end of ¢ach financial y¢4r #nd of its surplu5 or deficit for each financial year in accordanee with the requirements of Section5 394 and 395 and which otherwise comply with the rcquircments of the Companies Act 2006 relatiDg to financial Mat¢ments, so far as app"¢abl¢ to the ¢han"tsble company. The finan¢ial stai¢mcnt5 were approved by the Board of Trusw and #uthorised foT issue on 28 April 2025 and were
Abbe Irvine & Di ict Socfi Limited Notes t temetI for the Year Ended 30th Se tembeT 2024 ACCOUNTING POLICIES Basls of prepartmg the fiDDel stxlemeDts The f]nancial siatemcnrs of the ¢haritsble company. which a publie benefit elltity under FRS 102, have bccn prJar in accordance with the Charitie5 SORTr (FRS 102) 'Accounting aDd ReportiDg by Charitie5.' Ststement of R¢commend¢d Practice 4Jplicable to ¢han'iies prepating their aeeounts in aeeordance with th¢ Financi R¢porting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Fit)ancial Reporting Sthndard 102 The Financial Reporting Standard applicable ill the UK and Republic of Ir¢l8nd' and the CompaTJi¢$ Aci 2006. The financial slatements have been prepared under the hisiorical ¢ost conv¢ntion. The financial s¢atements hove been prepared on a going concern basis. The trustees are c¢)ntinually reviewing the fllwicial affairs of the soei¢ty 8nd hav¢ implemented measure5 to iD¢rease rev¢nu¢ and to re8tri¢t operational and seTViC¢ ¢QSts. On thai basis the S¢S ar satisficd that the going con¢¢rn basis of prep8f81ion is appropriate foT the corning 12 mottths. FiTr8n¢ial reportlng strtd*rd 102 - reduced dtselosure ejemptloni The charitsble company has t¥ken advtage of th¢ following disclosure exemptions in pr¢paring thes¢ f1¢11 statem¢nts, as pennitied by FRS 102 Th¢ Financial Report8 Standard appit¢8ble in the UK alld Republic of Ireland,: the r¢quirem¢nls of Seuion 7 st1 of C&th Flows. GolnE coneern The trystces hav¢ undertaken 8 review of the forward cFthrit&bl¢ traditig #nd cath flow forecasts. After making enquirics, the trustecs havc a Teasonabl¢ ¢xpectation that the ehotity adwuatc resou¢5 to eontinue opeTa(in¥ for the foreseeable futlue. Aeeordingly. the accoullts ¢Ontinue to be prepared on the 8OlrtB concern b&si5. All income 1$ recognis¢d in the Stat¢m¢nt of Financial A¢tivits'es on¢e the charity has entt"tl¢mellt to th¢ funds, it is prob4bl¢ the income will be re¢¢iv& attd the amouot ¢an be measured reli&bly. Expendlture Liabiliti orc reeognised as ¢xpenditt]T¢ 8S soon as there 1$ a l¢gal or ¢onslTUCtiv¢ obligation committing the charity to that eXndIJre. il is probable that a trdnsfer of ¢¢onomic b¢n¢fits will required in settlem¢nt and the amount of tbe obli8ation be m¢asured reliably. Expeoditure is a¢¢ounted for on an ae¢Tuals basis and has been classified under hcadings thai aggre8ate all cost related io the category. WlJ¢re costs cannot b¢ dircctly aitributed to Particular headings, they have been allOted to activits.es on a basis ronsistent with the use of r¢svurc&%. T4nglble flxed lets Dcpr¢ciacion is provid¢d ¥1 the following anttual rates in OTder to writ¢ off assei over its estint¢d use1 life. Freehold propety Plant and machinery FiXre$ and fittin88 IOQ/• on redu¢ing balan¢¢ Furnitte & furnishings IOY• on reducing balance l(P/o on TeduciD8 balance Tb¢ Direciors have charged no d¢preciats"on on the freebold prop¢rty on the OUr that it would be imn)at¢rial, due to the estimated r¢81thl v8M¢ of the prlryerty noi being mat¢rially th'ffcrent from the Wing amount of the assei. The Directors have perforn)ed an itnpairnlenl review in line witb FRS I I to support this justification. Where development has been financ¢d eith wholly or partly by Housing A8SOCi&tion or otller grants. th¢ net book value of the wet h&5 been rethlced by th¢ amount of the grant which 15 shown sratelY in th¢ red &ss¢ts note to the finan¢ia] stsieIiJ¢nts. TAIatio The charity is exempt fr()m corporntton tsx on its clwitsbl¢ activities Fund gccollnting Unrestn'cted fimds b¢used in a¢cordatK¢ with the clwitablc objectiveg ai the discretion of the trust¢¢s. Page 9
Abbe Irvlne & Distri¢t Socle Limited Notes to the Firtandxl StateJDtnts- eontinued for the Year Ended 31hh S tember 2024 ACCOUNTING POLICIES- tontlnued Restn¢ted hjnds can only be used for partI18T restricted pu(}8¢$ wtthin the obje¢ts of the clJaTity. Restrictions Is¢ when specified by th¢ donor or when funds are rnised for partieular restrict¢d Purposes. Further explaDation of the nature and puwse of each fill is ineluded in the DO¢S to the financial thtrments. Pellslon £o$t5 and other po$t-retirerDent beefIts The charitable company operates a d¢fined contribution pension scheme. Contributions payabl¢ to the eharitable company's pension scheme aT¢ ¢hargtsJ to the Ststement of FitwKial Activiti¢s the peric to whi¢h they Telhtc. Employee beneflts Wh¢n employees have rendcred s¢rvice io the company. short terni ben¢fits to which the employees are entitled ar¢ recognised at the amount ¢Xpeta to be paid in exehallge for th8t s¢rvi¢e. The cost of any ullustd holiday Cnlitlement is recognis¢d in lh¢ pttiod in wbich the ¢mploytts' services re¢¢ived. Ca$b and cAih t4ulvltttts Cash and cash cquival¢nts Ar¢ bLsic financial ass¢t5 #nd include cash in I)d, dcposits held with banks or other short i¢rm liquid inv¢stments. Ballk overdr8ft& if apphc8ble. are slwwn within borrowiw in CUTr¢nt liabilities. B#sl¢ flnnel*l Instrnments Debiors and creditOTS with no stsied interest rate and receivable or payable within on¢ year are recorded at transaction pri¢¢. Any losses arisin8 from Impaient are reco8nised in ihe profit 4nd lo$$ a¢¢ounL DONATION& LEGACIES AND GRANTS 2024 2023 Donations Covid Swiainability gr8nf$ Fundraisin8 2,893 82,555 6.293 Grants r¢¢¢iv¢d. ineluded in the above. are 4$ follo". 2024 2023 COVID-19 8rnnts and support In 2023 a donation of £60.0(A) w¥$ r¢¢¢iv¢d from the forni¢r Abb¢yfi¢ld GIL48ow Soclety Ltd and & fiu¢bei donation of £20,000 was received on the Closwe of th¢ fornieT Abbeyfield Paisley Society. Thes¢ donations have been d¢signat¢d as restricted fund to be used towards future eapital improvements. INVESTMENT INCOME 2024 2023 Ent¢rut rw¢ived Page 10
Abbe field Irvine & Dlstri¢t Soc LimSted Notes to tbe Financial Statements- eontlftued for tht Year EDded 30th S¢ tember 2024 INCOME FROM CHAIUTABLE ACTivrriES 2(J24 2023 Activity Otion of Abb¢yfield Housc. Residents, ChargG% .262.849 CHARITABLE AcmqTIFS cosrs Support eostj (see noie 6) Dlre¢l Costs Owation of Abbeyfield Hous¢. 26.087 1283 781 SUPPORT COSTS Governll¢e ¢0St5 Operatson of Abbeyfi¢ld Hous¢. NET INCOMEI(EXPENDITURE) Net in¢om¢l(expendilur¢) is 8tsted aft¢r chargthl¢t¢d/tsllg).. 2024 2023 Auditors, remuneTation DeprecilOn - owiJ¢d assets 3,IKIO 1,500 TRUSTEES, REMUNERATION AND BENEFrrs There were no ttWte¢5' remun¢ration or other benefits for the y¢ar ended 30th Sept¢mb¢r 2024 nor for the ye•r ended 30th S¢ptemb¢r 2023. Truitt$' expe•$ There were no trustees, expenses paid for the yw ended 30th S¢ptemb¢r 2024 nor for th¢ year ¢nded 30th Septemb¢r 2023. STAFF cosrs 2024 2023 Wages and 8alari Other pension cos18 1,068,078 978,151 22.383 1005 534 The av¢rnge monthly number of employ¢e5 th18 the year was &8 follows". 2024 69 2023 68 No empkjyees r¢1Ved emotllments iti excess of £60,(th.
Abbe Irvine & District Socle Limited Notes to the Fin4Dcial tatemen for the Year Ended 30th tember 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1vrrllES Restrfcted fuTrd Unrestri¢ttd fund Total fund INCOME AND ENDOWMENTS FROM Donations, legati¢s and grants 11,997 91,997 Cbsrltable a¢tlvltles Operation of Abbeyfield House. 1362049 1,262,849 Investment illeou Total 1274,846 I ,846 EXPENDITURE ON Charltable etlvltleJ Operation of Abbeyfield House. 1316,946 1,216,946 Tot1 80.OfAI 1,216,946 1.21A946 NET INCOMEI(EXPENDITURE) 57JOO 137,9110 RECONCILIATION OF FUNDS Total funth brought forw*rd 473.086 473,086 TOTAL FUNDS CARRIED FORWARD 610 986 TANGIBLE FIXED ASSETS FiKturc• and fittings Frtthold prop Computer equipment COST At I st O¢tober 2023 Addition5 30th September 2024 381834 4.991 JJ06 27.728 DEPRECIATION At 1st October 2023 Charge for year 4,991 22,286 544 At 30th September 2024 NET BOOK VALUE At 30th Septembcr 2024 382,834 At 30th s¢emb¢r 2023 382,834 5.442 Pa8c 12
Abbe IrviDe & Distrid Llmited Notes to the Flnanelil Statements- continued f r tbe Year Ended 30tb Se tember 2024 TANGIBLE FIXED A&SETS-uthity Plattt attd COST Ai J$t (ktober 2023 30th S¢pt¢mbcr 2024 5&126 47180 524865 DEPRECIATION At 1st October 2023 Cknge for ye8r 50585 754 39.038 11(900 At 30th Septemkn 2024 51 39 12 NET BOOK VALUE At 30th Septber 2024 At 30th Srymb¢r 2023 404.659 Llnd & Buildwy are stated Det of totsl T¢ttiv¢4of £891.088 (2023 £891.0881 A2. DEBTORS: AMOULYTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debwTS Prcpayinents ark4 ac¢nd income 32.015 12,000 13. CREDITORS: AMOUNTS FALL1Tr4G DUE WITHIN ONE YEAR 2024 2023 Re5ideThts OVeymeIB Trade creditors Ac¢rua15 PAYE & other t&xes Provision tor NAC clawba¢k AdvaDce income 6,079 16,419 7.158 19,372 3.149 20,500 8J39 10.495 22rt13 41 14. mOVEMEr IN FUNDS N¢t movement in funds At 1.10.23 At 30.9.24 Unrestrltted fundi General fijnd R¢strlrt¢d fvtsds RtrI¢l¢d fund 53Q986 (3J25) 527,66] Page 13
Abbe 'field Iryine Di$triet Soci Limlted Notes to ihe FinAncial Statemtnts- eontlnued or the Year Ended 30tb Se tember 2024 14. MOVEMENT IN FUNDS- ¢o#tinued mov¢mcni in fi]nd$, included in the above are #s follows: ID¢oming resources R¢sourc¢s expcndc Movem¢llt in funds Funds Gencral fund Resln¢tcd fund lJ21,D88 (12946) (3,325) TOTAL FUNDS lJ2108 Cornp*rA¢Iv¢s (or wovement Sn funds Net movemcnl in funds Al 1.10.22 At 30.9.23 Utsrestrkted lunds Oeneral fund 473,086 57,900 530,98fj TOTAL FUNDS S30 986 Comparative net mov¢ment in funds, Ilded in the above are as follows: Incomin8 resourc¢$ Resourc¢5 expended Movement in fun(ts Unrestrlcted fund5 G¢ncr&l 1374,846 (1,216,946 57,9(Kl TOTAL FUNDS A curr¢ttt year 12 months and prior y¢ar 12 combined posiiion is &$ follows: Net movement in fund5 At 1.10.22 At 30.9.24 Unrestricted fthd$ General fund Restricted funth Restri¢ted funds 473,086 54,575 527,66J 80,000 80,000 TOTAL FUNDS 473.086 134 575 607 661 Page 14
Abbe Irvine & Distrkt Soeie Limlted Notes to the FiDanel*l IAttmeDts- contirtued for the Ye4r Ended Oth Se tember MOVEMENT IN FUNDS. ¢otttinued A current year 12 months and prior YUT 12 montlks eombin¢d net movern¢nt in funds, ftn¢luded in the above are as follow$.' Incoming Movemellt in futtds expended Unrestricted fudI General fund Restrf¢ted fundi 2.595.934 12SI,359 54,575 80,•00 TOTAL FUNDS 2 675 934 59 134 575 Is. RELATED PARTY DISCLOSURL8 Ther¢ were related party tsknsAcuons for the year eryled 30th September 2024. io. COVID-19 As a rcsuli of th¢ global Covid-19 pand¢mic, the soci¢ty incurred inueased costs in respec¢ of wages, p¢nsion conlribuiions, energy CO$ts and the n¢¢essary repkneni of infrastructure. Page 15
Abbe Irvine & Distriet So¢ie Limited Detthiled St#teJneDt of FinaDcll ArtivltSes for the Year Ended 30th St tember 2024 Rtttri¢ted Fwnds Unrestrirt¢d FuDd$ 2024 2023 Notes INCOME AND ENDOWMENTS Dgnations Sustainability grants Fundraising 14 2193 2193 82,555 6.293 3.149 2.893 91.997 InveStm¢t ineom¢ lrtiercst ree¢ived Charli#ble £ilvitles Residcnts, Chargc5 1.262 849 Total In¢omln8 r¢$ourees lJ21,1188 lJ21,1188 ,354.846 EXPENDITURE Charltxble aetlvltles Wages Pensions Rates and W8icr Insurance Light aiid heat T¢lephono Postagc and 5talionery Adv¢rtising Sundries Food ¢osts. household ¢xpeDses ¥nd PPE Deprcciation of tan8iblc fixed assets Bank iniere$L 1,068,078 29,785 I lJ39 13.498 32,424 122 2,778 1.06&078 29,785 IlJ39 13,498 32,414 122 2,778 978.151 22,383 6,838 11.382 30.886 1,838 3,100 4327 92,126 3285 4,227 92,126 3.285 32 5,635 85,559 2,425 123 1357,694 1,257,694 1,148,320 Other Cyclical repair5 and gardenin8 Day to day r¢pairs Machine rcntal 3(1.034 30,034 33,596 40,632 411,632 41,404 Support cwt$ Governinee costs Auditors, remun¢ratio Rcgistrdtion fees. ¢tc Carried fonyard 3.000 3.WJO 1.500 5,271 S271 10,555 Pa8e 16
Abbe Irvine & Distriet Socie Limited Detalled Statement of Flttxn£lal Aetlvities for the Y¢4r Ended 30th Se tember 2024 Restrided Fullds Unrestrieted F*ttds 2024 2023 Governanet costs Brought fonvard Accountan¢y Profcssional f¢¢s Conf¢rence & training S271 12960 5,271 12,9 10.555 13.152 4.856 Total resources expend¢d Net IDCO)DelexpeDdltur¢ 137.900 Pagc 17