Charity registration number 254881
Company registration number 00906197 (England and Wales)
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs L Bird
Dr J White
Mr S Patterson
Mr S Bedwell
Mrs C Davey
(Appointed 16 October 2024)
Mrs M Asquith
(Appointed 16 October 2024)
Secretary
Mrs L Bird
Charity number
254881
Company number
00906197
Registered office
Abbeyfield House
Galgate
Barnard Castle
Co Durham
DL12 8BL
Independent examiner
Mr John Yarrow FCA
Allen Sykes Audit Limited
5 Henson Close
South Church Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Statement of financial position
6
Notes to the financial statements
7 - 15
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees, who are also the directors for the purposes of company law, present their annual report and financial statements for the year ended 31 March 2025.

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 Companies Act 2006 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)" (effective 1 January 2019).

Objectives and activities

The objective of the charity is to provide housing in Barnard Castle in accordance with the aims and principles of the Abbeyfield Society Limited to whom it is affiliated. Abbeyfield House was purchased in 1968. This property was extended in 1973 when the former surgery at the rear of the premises was acquired. It has been a priority to upgrade the house to provide high quality accommodation which meets the aspirations of the residents.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Abbeyfield House had high levels of occupancy during most of the year. However, the third floor flat has become vacant, this together with two other vacancies has impacted on the overall occupancy level.

There have been higher levels of inquiries due to new promotion and marketing initiatives and more prominent signage outside the building.

The bungalows have remained at full occupancy throughout the period and have contributed to the positive outturn at the end of the year.

Planned and day to day maintenance, was carried out including the installation of current standard double glazing to the annex corridor and subsequent upgrading of the fire alarm infrastructure. Repairs and upgrades have been carried out where there has been some damp and water ingress. In addition, a number of responsive repairs have been carried out to both Abbeyfield House and the bungalows.

The society generally has low staff turnover. However, a new manager was appointed in August 2024 and a new housekeeper in January 2025. There were no more new appointments during this period. Staff costs were 55% of income. This represents an increase of 4% from the previous year and is the consequence of salary increases to the higher living wage. Consequently, the trustees are reviewing staffing levels and working practices. Abbeyfield England continues to provide online training and development support for staff and trustees.

The welfare of our residents and staff is always a priority. We have continued to deliver celebrations and events throughout the year which have received positive feedback from residents. We have volunteers who visit regularly who spend time with individual residents who report that it enhances their wellbeing. In line with the Abbeyfield movement, we have developed a more enhanced resident feedback questionnaire which was carried out May 2025. Residents were overwhelming positive about services, staff and welfare support.

The appointment of two trustees was confirmed October 2024.

Abbeyfield England has continued to develop its offering to affiliate Abbeyfield societies. Societies have been able to contribute through online working groups and regular online hubs enable societies to discuss current issues and strategic matters. Local societies hold regular face to face meetings which enable managers and trustees to discuss more operational issues and give each other support.

Our priorities remain upgrading the property, maintaining a high quality service, the promotion of the society, allocation of vacant rooms, recruitment of new trustees and volunteers and ensuring the economic viability of the society.

THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Financial review

Full accounts are attached to this report. As detailed in the Statement of Financial Activities, the surplus for the year amounted to £19,554 (202 4: £31,103).

No r estricted funds were received during the year. The balance of r estricted funds held remains at £5,525, which is to be used towards the creation of a sensory garden for the enjoyment of our residents.

Unrestricted funds are needed:

a) to cover administration and support costs without which the charity could not function and;

b) to provide funds which can be designated to specific projects to enable these projects to be undertaken at short notice.

Free reserves are unrestricted funds not held as functional fixed assets. The Society aims to keep free reserves of at least six months' running costs, which equate to roughly £80,000. This would cover any gaps in occupancy or unforeseen costs, should any of the properties require urgent repair work. The charity had free reserves of £12 8,042 at 31st March 2024 (2024: £129,717). Surplus funds will be used to further improve the facilities for our residents.

Plans for future periods

a) to continue to provide housing in Barnard Castle in accordance with the aims and principles of the Abbeyfield Society Ltd.

b) to work towards full occupancy.

c) to continue improvements to Abbeyfield House to ensure that it meets the current and future needs of our residents.

d) to effectively invest and utilise our remaining funds to extend our provision for older people in Barnard Castle.

e) t o develop the garden, courtyard space and the old outside office building for our residents to enjoy.

Structure, governance and management

The Company was incorporated on 16th May 1967 for the provision and management of housing, accommodation or assistance, including providing and maintaining or assisting in providing and maintaining houses and homes, for the relief and care of elderly persons suffering from the disabilities of old age or otherwise being in need. It is a Company Limited by Guarantee and not having a share capital as set out in the Companies Act 2006.

The Society is managed by its trustees who are assisted by a manager, deputy manager, three housekeepers, a house assistant, a handyman and house volunteers.

The trustees and staff ensure that risks are monitored and assessed. Reviews of insurable risks are undertaken regularly. Systems have been established to mitigate identified risks and expert advice is taken where necessary.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs L Bird
Dr J White
Mr S Patterson
Mrs C Parker
(Resigned 16 October 2024)
Mr S Bedwell
Mrs C Davey
(Appointed 16 October 2024)
Mrs M Asquith
(Appointed 16 October 2024)
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The appointment, induction and training of trustees is organised by the trustees as a body.

New trustees work closely with more experienced trustees to familiarise themselves with their role and to have their questions answered.

The Society utilises the facilities and development opportunities provided by the Abbeyfield Society to support the development of new and existing trustees.

The trustees act as a management committee which also includes the manager, housekeeping manager and volunteers as appropriate.

N one of the trustees h ave any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' r eport was approved by the Board of Trustees.

Mrs L Bird
Trustee
30 September 2025
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
- 4 -

I report to the trustees on my examination of the financial statements of The Abbeyfield Barnard Castle Society Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mr John Yarrow FCA
for and on behalf of Allen Sykes Audit Limited
5 Henson Close
South Church Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA
Dated: 3 October 2025
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Charitable activities
3
163,628
-
163,628
150,700
-
150,700
Investments
4
24,556
-
24,556
22,758
-
22,758
Total income
188,184
-
188,184
173,458
-
173,458
Expenditure on:
Raising funds
5
6,848
-
6,848
3,947
-
3,947
Charitable activities
6
185,269
-
185,269
155,832
-
155,832
Total expenditure
192,117
-
192,117
159,779
-
159,779
Net gains/(losses) on investments
11
23,487
-
23,487
17,424
-
17,424
Net income and movement in funds
19,554
-
19,554
31,103
-
31,103
Reconciliation of funds:
Fund balances at 1 April 2024
758,488
5,525
764,013
727,385
5,525
732,910
Fund balances at 31 March 2025
778,042
5,525
783,567
758,488
5,525
764,013

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 15 form part of these financial statements.

THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 6 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
126,089
128,347
Investment property
14
523,911
500,424
650,000
628,771
Current assets
Debtors
15
5,994
5,215
Cash at bank and in hand
130,167
132,713
136,161
137,928
Creditors: amounts falling due within one year
16
(2,594)
(2,686)
Net current assets
133,567
135,242
Total assets less current liabilities
783,567
764,013
Net assets excluding pension liability
783,567
764,013
The funds of the charity
Restricted income funds
18
5,525
5,525
Unrestricted funds
778,042
758,488
783,567
764,013

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 24 September 2025
Mrs L Bird
Trustee
Company registration number 00906197 (England and Wales)
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
1
Accounting policies
Charity information

The Abbeyfield Barnard Castle Society Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Abbeyfield House, Galgate, Barnard Castle, Co Durham, DL12 8BL.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity 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 charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to 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 activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities 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
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net 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
Not depreciated
Fixtures, fittings & equipment
15% reducing balance
Office furniture & equipment
40% reducing balance

Freehold properties are not depreciated as their residual values are not considered to be less than cost.

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 activities.

1.7
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its 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 (if any).

1.9
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction 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.

THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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 p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions 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 that are considered 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 only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
Abbeyfield House
Abbeyfield House
2025
2024
£
£
Charitable rental income
163,628
150,700
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Rental income
23,052
21,552
Interest receivable
1,504
1,206
24,556
22,758
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£

Investment property costs

Repairs & maintenance

4,469
1,558

Insurance

1,036
1,010
Other fundraising costs
101
67
Support costs
1,242
1,312
6,848
3,947
6
Expenditure on charitable activities
Abbeyfield House
Abbeyfield House
2025
2024
£
£
Direct costs
Staff costs
69,859
55,663

Rates & water

3,791
4,064

Light & heat

11,214
10,189

Repairs & maintenance

25,536
18,126

Insurance

5,815
5,776

Housekeeping

18,734
17,221

Residents care

2,509
1,624

TV licences

176
159

Gardening

742
584

Staff costs

700
-
139,076
113,406
Share of support and governance costs (see note 7)
Support
40,147
37,059
Governance
6,046
5,367
185,269
155,832
Analysis by fund
Unrestricted funds
185,269
155,832
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
7
Support costs
Support costs
Governance costs
2025
Support costs
Governance costs
2024
£
£
£
£
£
£
Staff costs
33,546
-
33,546
32,267
-
32,267
Depreciation
2,258
-
2,258
2,677
-
2,677

Communications & IT

1,404
-
1,404
1,086
-
1,086

General office

2,487
-
2,487
1,533
-
1,533

Finance costs

-
-
-
105
-
105

Other costs

1,694
-
1,694
703
-
703
Independent examination fees
-
1,800
1,800
-
1,620
1,620
Non-examination fees
-
516
516
-
510
510
Legal and professional
-
300
300
-
13
13

Affiliation fees

-
3,323
3,323
-
3,224
3,224
Bank charges
-
107
107
-
-
-
41,389
6,046
47,435
38,371
5,367
43,738
Analysed between
Fundraising
1,242
-
1,242
1,312
-
1,312
Charitable activities
40,147
6,046
46,193
37,059
5,367
42,426
41,389
6,046
47,435
38,371
5,367
43,738
8
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
1,800
1,620
Depreciation of owned tangible fixed assets
2,258
2,677
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
9
8
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10
Employees
(Continued)
- 12 -
Employment costs
2025
2024
£
£
Wages and salaries
101,317
86,354
Social security costs
244
-
Other pension costs
1,844
1,576
103,405
87,930

The average number of full-time equivalent employees during the year was 5 (2024: 5).

There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025
2024
£
£
Aggregate compensation
33,546
32,267
11
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) arising on:
£
£
Revaluation of investment properties
23,487
17,424
12
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
13
Tangible fixed assets
Freehold land and buildings
Fixtures, fittings & equipment
Office furniture & equipment
Total
£
£
£
£
Cost
At 1 April 2024
113,931
56,177
8,106
178,214
At 31 March 2025
113,931
56,177
8,106
178,214
Depreciation and impairment
At 1 April 2024
-
42,134
7,733
49,867
Depreciation charged in the year
-
2,108
150
2,258
At 31 March 2025
-
44,242
7,883
52,125
Carrying amount
At 31 March 2025
113,931
11,935
223
126,089
At 31 March 2024
113,931
14,043
373
128,347
14
Investment property
2025
£
Fair value
At 1 April 2024
500,424
Net gains or losses through fair value adjustments
23,487
At 31 March 2025
523,911

The fair value of investment property has been arrived at by applying the Nationwide House Price Index [Percentage movement in value] to the value on the date of acquisition up to the reporting date. The trustees also made reference to market evidence of transaction prices for similar properties.

The valuation has been calculated by the trustees, and not by an independent valuer.

The carrying value of land and buildings included in investment properties comprises:

2025
2024
£
£
Freehold
523,911
500,424
THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,250
231
Prepayments and accrued income
4,744
4,984
5,994
5,215
16
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
2,594
2,686
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,844
1,576

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

18
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

Movement in funds
Movement in funds
Balance at
1 April 2023
Incoming resources
Balance at
1 April 2024
Incoming resources
Balance at
31 March 2025
£
£
£
£
£
Sensory Garden
5,525
-
5,525
-
5,525

The Sensory Garden fund consists of legacies and donations received towards the costs of producing a sensory garden for the residents at Abbeyfield House.

THE ABBEYFIELD BARNARD CASTLE SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
19
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
Gains and losses
At 31 March 2025
£
£
£
£
£
General funds
758,488
188,184
(192,117)
23,487
778,042
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Gains and losses
At 31 March 2024
£
£
£
£
£
General funds
727,385
173,458
(159,779)
17,424
758,488
20
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Tangible assets
126,089
-
126,089
Investment properties
523,911
-
523,911
Current assets/(liabilities)
128,042
5,525
133,567
778,042
5,525
783,567
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
128,347
-
128,347
Investment properties
500,424
-
500,424
Current assets/(liabilities)
129,717
5,525
135,242
758,488
5,525
764,013
21
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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