ABBEYFIELD WEY VALLEY SOCIETY LIMITED
Financial health, per its FY2023 accounts
The accounts state that the Society reported an operating deficit of £711,465 for the year, primarily driven by poor occupancy rates and merger-related investments. However, the net movement in funds was a gain of £9,117,382 due to significant investment returns and revaluations, resulting in total unrestricted reserves of £18,946,347. The Trustees confirm the Society is in a strong position to continue its services with no material uncertainties regarding going concern.
What the accounts disclose
Structured financials (annual return, FY ending 30/06/2025)
Care Quality Commission ratings
- Maitland House: Good
- Nower House: Good
- David Gresham House: Good
- Wey Valley House: Good
- Ridgway Court: Good
- Hatch Mill: Good
Register events
- Received assets from another charity (13/06/2017)
Trustees
- BRIAN THOMASchair
- Dr Mary Small
- Elaine Alison Edgar
- GILLIAN DOREEN WARD
- Gary Parker
- Paul Richard Gresham
- Sarah Jane Cox
- TIM SHEPHERD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £12.2m | £12.1m |
| 30/06/2024 | £11.8m | £11.2m |
| 30/06/2023 | £17.9m | £9.2m |
| 30/06/2022 | £7.0m | £5.8m |
| 30/06/2021 | £4.6m | £4.8m |
Common questions
Is ABBEYFIELD WEY VALLEY SOCIETY LIMITED financially healthy?
The accounts state that the Society reported an operating deficit of £711,465 for the year, primarily driven by poor occupancy rates and merger-related investments. However, the net movement in funds was a gain of £9,117,382 due to significant investment returns and revaluations, resulting in total unrestricted reserves of £18,946,347. The Trustees confirm the Society is in a strong position to continue its services with no material uncertainties regarding going concern. Its FY2023 accounts were audited by Knox Cropper LLP.