THE ABBEYFIELD SOCIETY
Financial health, per its FY2024 accounts
The accounts state that the Group reported a net deficit of £16.1m for the year ended 31 March 2024, driven by a £7.1m impairment charge and increased operating costs. Per the trustees' report, free reserves of £9.2m fell below the Board's minimum policy target of £10m, although liquidity cover remained at four months of expenditure. The Board maintains that the Society has adequate resources to continue as a going concern based on a long-term business plan projecting a return to surplus from 2025/26.
What the accounts disclose
“The total amount payable to the Chief Executive post, who was also the highest paid director, in respect of emoluments was £191,436” — page 45
“Therefore the free reserves at the end of the financial year were £9.2m, which is below the minimum £10m free reserves requirement.” — page 17
“Total charges received from Abbeyfield Properties Limited (“APL”) for design-and-build fees amount to £195k (2023: £927k) that includes 5% mark up by APL.” — page 57
“During the year costs of £673k (2023: £769k) were incurred as part of the society's support for member societies. This includes a nominal allocation of central costs of £255k for Markieting, PR, Development and Accounting support.” — page 57
“Total charges received from Abbeyfield Properties Limited (“APL”) for design-and-build fees amount to £195k (2023: £927k) that includes 5% mark up by APL.” — page 57
“During the year costs of £673k (2023: £769k) were incurred as part of the society's support for member societies. This includes a nominal allocation of central costs of £255k for Markieting, PR, Development and Accounting support.” — page 57
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (11/12/2025)
- Received assets from another charity (11/03/2024)
- Received assets from another charity (14/05/2021)
- Received assets from another charity (22/01/2021)
- Received assets from another charity (12/10/2020)
- Received assets from another charity (07/05/2019)
Trustees
- Christine Anne Asbury
- Geoffrey David Granville Carr
- George Ashworth
- Marc Marrero
- Martin Frank Cox
- Michael John Peter Turner
- Roger Lees
- Sally Louise Nichols
- Sara Jayne Beamand
- Terri Pettifer-Eagles
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £44.3m | £53.1m |
| 31/03/2024 | £53.1m | £68.9m |
| 31/03/2023 | £50.9m | £58.4m |
| 31/03/2022 | £47.1m | £63.9m |
| 31/03/2021 | £53.6m | £52.6m |
Common questions
Is THE ABBEYFIELD SOCIETY financially healthy?
The accounts state that the Group reported a net deficit of £16.1m for the year ended 31 March 2024, driven by a £7.1m impairment charge and increased operating costs. Per the trustees' report, free reserves of £9.2m fell below the Board's minimum policy target of £10m, although liquidity cover remained at four months of expenditure. The Board maintains that the Society has adequate resources to continue as a going concern based on a long-term business plan projecting a return to surplus from 2025/26. Its FY2024 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of THE ABBEYFIELD SOCIETY earn?
Per its FY2024 accounts, the highest-paid employee was in the £190,001 - £200,000 band.