ABBEYFIELD WEST WIGHT SOCIETY LTD
The principle activity of the Society is the provision of accommodation, care and companionship for lonely or frail elderly people in accordance with the aims and principles of The Abbeyfield Society Ltd.
Financial health, per its FY2025 accounts
The accounts state that the charity recorded an operating deficit on normal activities of £86,807, driven by a significant reduction in residents and a lack of new residents for the foreseeable future. To address this unviability, the trustees have decided to merge the society with Yarmouth and transfer its assets to the merged entity. Despite the operational deficit, a net surplus of £164,996 arose due to an exceptional receipt of £251,803 from the sale of a former property, which has been restricted for building improvements.
What the accounts disclose
“The Committee aims to have reserves of an amount equivalent to one year's residential charges, to cover contingencies including the cost of repairs and improvements to the property.” — page 4
Property (HM Land Registry)
Trustees
- JOHN HOWEchair
- Angela Marie Hall
- Deborah Ann Jennings
- IRENE MACDONALD
- Jacqueline Smith
- STEPHEN HOWE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £349k | £184k |
| 30/09/2024 | £158k | £159k |
| 30/09/2023 | £129k | £145k |
| 30/09/2022 | £128k | £131k |
| 30/09/2021 | £131k | £127k |
Common questions
Is ABBEYFIELD WEST WIGHT SOCIETY LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded an operating deficit on normal activities of £86,807, driven by a significant reduction in residents and a lack of new residents for the foreseeable future. To address this unviability, the trustees have decided to merge the society with Yarmouth and transfer its assets to the merged entity. Despite the operational deficit, a net surplus of £164,996 arose due to an exceptional receipt of £251,803 from the sale of a former property, which has been restricted for building improvements. Its FY2025 accounts were independently examined.