REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
FOR |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
FOR |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 15 |
ABBEYFIELD PAISLEY SOCIETY LIMITED (REGISTERED NUMBER: SC043013) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
The trustees present their annual trustees' report together with the financial statements of the charity and for the period ending 30th November 2023 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. |
The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, 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 102). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
Abbeyfield Paisley was established for the purposes of managing Abbeyfield House at 1 Station Road in Paisley, which provides residential care and companionship for older people who are no longer willing or able to live alone. |
Significant activities |
Up to the end of November 2022 the chairity continued to support residents through regular contact with them while acknowledging that Abbeyfield House is their home and ensuring their independence. |
During this period, Renfrewshire Social Work Department stated that Abbeyfield House no longer meets the needs of clients in today's climate. Therefore, due to low occupancy and costs, the trustees made the difficult decision to close Abbeyfield House on 30 November 2022. |
Agreement was reached with OSCR to dissolve the charity and distribute the bulk of its remaing funds to organisations with similar charitable objectives. A formal application to strike off the charitable company will be made with Companies House and OSCR after the date of this report. |
FINANCIAL REVIEW |
Financial position |
The charity has distributed its funds and will be formally wound up. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is constituted as a company limited by guarantee having no share capital. The liability of its members is limited to £1.The company was incorporated with solely charitable objects and is governed by its memorandum and articles of association. |
The company is recognised as a charity by the Office of the Scottish Charity Regulator, its reference number being SC005222. |
Wider network |
Abbeyfield Paisley is affiliated to The Abbeyfield Society and has adopted the national Abbeyfield Standards. After inspection, it was confirmed that those standards have been met. |
Related parties |
C H McNaught, a trustee and secretary of the company, is a partner in the firm Wright & Crawford, the company's solicitors. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
ABBEYFIELD PAISLEY SOCIETY LIMITED (REGISTERED NUMBER: SC043013) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
David H. Nairn |
Milne Craig |
Chartered Accountants |
Abercorn House |
79 Renfrew Road |
Paisley |
Renfrewshire |
PA3 4DA |
Bankers |
1 Moncrieff Street |
Paisley |
PA3 2AW |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
I report on the accounts for the period 1 July 2022 to 30 November 2023 set out on pages four to fifteen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
David H. Nairn |
The Institute of Chartered Accountants of Scotland |
Milne Craig |
Chartered Accountants |
Abercorn House |
79 Renfrew Road |
Paisley |
Renfrewshire |
PA3 4DA |
6 February 2024 |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
Period |
1/7/22 |
to | Year Ended |
30/11/23 | 30/6/22 |
Designated | Unrestricted | Restricted | Total | Total |
fund | fund | fund | funds | funds |
Notes | £ | £ | £ | £ | £ |
INCOME AND | ENDOWMENTS FROM |
Donations and legacies | - | 77 | - |
Charitable activities |
- | 17,250 | - |
- | 1,008 | - |
Investment income | 2 | - | 10,147 | - |
Total | - | 28,482 | - |
EXPENDITURE ON |
Raising funds | 3 | - | 3,946 | - |
Charitable activities | 4 |
- | 41,111 | - |
56,419 | 10 | - |
- | 461,215 | - |
Total | 56,419 | 506,282 | - |
Net gains/(losses) on investments |
- |
(2,393 |
) |
- |
( |
) |
( |
) |
NET INCOME/(EXPENDITURE) |
(56,419 |
) |
(480,193 |
) |
- |
( |
) |
( |
) |
Transfers between funds | 15 | (22,356 | ) | 22,356 | - | - | - |
Other recognised gains/(losses) |
Gains on revaluation of fixed assets |
- |
- |
- |
Net movement in funds | (78,775 | ) | (457,837 | ) | - | ( |
) | ( |
) |
RECONCILIATION OF | FUNDS |
Total funds brought forward | 80,000 | 456,612 | - |
TOTAL FUNDS CARRIED FORWARD |
1,225 |
(1,225 |
) |
- |
536,612 |
ABBEYFIELD PAISLEY SOCIETY LIMITED (REGISTERED NUMBER: SC043013) |
BALANCE SHEET |
30 NOVEMBER 2023 |
30/11/23 | 30/6/22 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
Investments | 11 |
CURRENT ASSETS |
Debtors | 12 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 536,612 |
TOTAL FUNDS | 536,612 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023. |
The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
ABBEYFIELD PAISLEY SOCIETY LIMITED (REGISTERED NUMBER: SC043013) |
BALANCE SHEET - continued |
30 NOVEMBER 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. |
Abbeyfield Paisley Society Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). |
Preparation of accounts on a going concern basis |
As mentioned in the trustees' report, the charity has ceased at the end of November 2022 and the financial statements have been prepared on a basis other than that of the going concern basis. |
Income |
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. |
Donation and grants are recognised when the charity has been notified of both the amount and settlement date. In the event that a donation or grant is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. |
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the investment advisor of the dividend yield of the investment portfolio. |
Other income represents those items not falling into any other heading. |
Expenditure |
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: |
Costs of raising funds comprise of investment portfolio management fees. |
Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs. |
Other expenditure represents those items not falling into any other heading. |
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. |
Allocation of support costs |
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated to expenditure on charitable activities. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work. |
Debtors |
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due. |
Cash and bank |
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
Pension costs and other post-retirement benefits |
The charitable company operated a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Financial instruments |
The Charity 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 charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set 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 financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using 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 at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Derecognition of financial assets |
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
Financial instruments |
Basic financial liabilities |
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes 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. |
2. | INVESTMENT INCOME |
Period |
1/7/22 |
to | Year Ended |
30/11/23 | 30/6/22 |
£ | £ |
Dividends and interest | 8,915 | 6,297 |
Deposit account interest |
3. | RAISING FUNDS |
Investment management costs |
Period |
1/7/22 |
to | Year Ended |
30/11/23 | 30/6/22 |
£ | £ |
Portfolio management | 3,946 | 3,000 |
4. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see | Support |
note 5) | costs | Totals |
£ | £ | £ |
Residential Care | 41,111 | - | 41,111 |
Cessation of activities | 53,236 | 3,193 | 56,429 |
Distribution of funds | 461,215 | - | 461,215 |
555,562 | 3,193 | 558,755 |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
5. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
Period |
1/7/22 |
to | Year Ended |
30/11/23 | 30/6/22 |
£ | £ |
Staff costs | 78,720 | 56,530 |
Rates | 2,018 | 2,952 |
Insurance | 1,465 | 2,703 |
Light and heat | 3,260 | 7,669 |
Telephone | 754 | 1,680 |
Postage and stationery | 82 | - |
Advertising | - | 1,473 |
Sundries | 1,251 | 1,884 |
Food | 1,058 | 5,575 |
Voluntary assistance | - | 980 |
Repairs and maintenance | 2,696 | 11,005 |
Membership and affiliation fees | 2,278 | 3,210 |
Cleaning | 765 | 1,640 |
Donations paid | 461,215 | - |
Freehold property depreciation | - | 5,980 |
Plant and machinery depreciation | - | 2,583 |
555,562 | 105,864 |
Donations paid are the distribution of funds to the following organisations: |
£ |
ROAR - Connections for Life | 221,215 |
Abbeyfield Ballachulish | 120,000 |
Abbeyfield Strathgryffe | 40,000 |
Crisis, Erskine | 30,000 |
Abbeyfield Irvine | 20,000 |
Abbeyfield Kirkcaldy | 20,000 |
Food Train | 10,000 |
461,215 |
6. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
Period |
1/7/22 |
to | Year Ended |
30/11/23 | 30/6/22 |
£ | £ |
Depreciation - owned assets |
Surplus on disposal of fixed assets | ( |
) |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
7. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the period ended 30 November 2023 nor for the year ended 30 June 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the period ended 30 November 2023 nor for the year ended 30 June 2022. |
8. | STAFF COSTS |
Period |
1/7/22 |
to | Year Ended |
30/11/23 | 30/6/22 |
£ | £ |
Wages and salaries |
Other pension costs |
78,720 | 56,530 |
The average monthly number of employees during the period was as follows: |
Period |
1/7/22 |
to | Year Ended |
30/11/23 | 30/6/22 |
Average number of employees |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Designated | Unrestricted | Restricted | Total |
fund | fund | fund | funds |
£ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | - | 91 | - |
Charitable activities |
- | 63,350 | - |
Investment income | - | 6,339 | - |
Total | - | 69,780 | - |
EXPENDITURE ON |
Raising funds | - | 3,000 | - |
Charitable activities |
- | 104,113 | 4,139 |
Total | - | 107,113 | 4,139 |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Designated | Unrestricted | Restricted | Total |
fund | fund | fund | funds |
£ | £ | £ | £ |
Net gains/(losses) on investments | - | (27,760 | ) | - | ( |
) |
NET INCOME/(EXPENDITURE) | - | (65,093 | ) | (4,139 | ) | ( |
) |
Transfers between funds | 80,000 | 31,761 | (111,761 | ) | - |
Other recognised gains/(losses) |
Gains on revaluation of fixed assets | - | 59,615 | - |
Net movement in funds | 80,000 | 26,283 | (115,900 | ) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | - | 430,329 | 115,900 |
TOTAL FUNDS CARRIED FORWARD | 80,000 | 456,612 | - | 536,612 |
10. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 July 2022 |
Disposals | ( |
) | ( |
) | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 June 2022 |
11. | FIXED ASSET INVESTMENTS |
All investments were disposed during the period. |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/23 | 30/6/22 |
£ | £ |
Other debtors |
Prepayments and accrued income |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/23 | 30/6/22 |
£ | £ |
Social security and other taxes |
Accrued expenses |
14. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
30/11/23 | 30/6/22 |
Designated | Unrestricted | Restricted | Total | Total |
fund | fund | fund | funds | funds |
£ | £ | £ | £ | £ |
Fixed assets | - | - | - | - | 230,000 |
Investments | - | - | - |
Current assets | 1,225 | (1,225 | ) | - |
Current liabilities | - | - | - | ( |
) |
1,225 | (1,225 | ) | - | - | 536,612 |
15. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1/7/22 | in funds | funds | 30/11/23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 456,612 | (480,193 | ) | 22,356 | (1,225 | ) |
Winding down costs | 80,000 | (56,419 | ) | (22,356 | ) | 1,225 |
(536,612 | ) |
TOTAL FUNDS | (536,612 | ) | - |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 28,482 | (506,282 | ) | (2,393 | ) | (480,193 | ) |
Winding down costs | - | (56,419 | ) | - | (56,419 | ) |
( |
) | ( |
) | (536,612 | ) |
TOTAL FUNDS | ( |
) | ( |
) | (536,612 | ) |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
15. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1/7/21 | in funds | funds | 30/6/22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 430,329 | (5,478 | ) | 31,761 | 456,612 |
Winding down costs | - | - | 80,000 | 80,000 |
430,329 | (5,478 | ) | 111,761 | 536,612 |
Restricted funds |
Grant reserve | 115,900 | (4,139 | ) | (111,761 | ) | - |
TOTAL FUNDS | 546,229 | (9,617 | ) | - | 536,612 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 69,780 | (107,113 | ) | 31,855 | (5,478 | ) |
Restricted funds |
Grant reserve | - | (4,139 | ) | - | (4,139 | ) |
TOTAL FUNDS | 69,780 | (111,252 | ) | 31,855 | (9,617 | ) |
Transfers between funds |
As mentioned in the trustees' report, the charity closed at the end of November 2022. The trustees consider it appropriate to designate remaining funds to cover the costs of closure. |
16. | EMPLOYEE BENEFIT OBLIGATIONS |
The charity operated a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounts to £853 (2022: £1,053). No contributions were payable to the fund at the period end (2022: £nil). |
ABBEYFIELD PAISLEY SOCIETY LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 30 NOVEMBER 2023 |
17. | RELATED PARTY DISCLOSURES |
During the period the charity made donations of £221,215 to ROAR - Connections for Life, of which Mrs M A Hackett is a trustee (2022 - £nil). |
The charity also made a donation of £120,000 to Abbeyfield Ballachulish, of which J J McLaren is a trustee (2022- £nil). |