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THE ABBEYFIELD LANCASTER SOCIETY LIMITED

Registered charity 230899 · accounts filings on the Charity Commission register

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Latest income
£1.4m
Latest spending
£1.4m
Registered
1963
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported an unrestricted operating deficit of £93,983 for the year ended 31 March 2023, resulting in a decrease in revenue reserves to £339,741. Per the trustees' report, free reserves amounted to £272,927, which equates to approximately three months of expected operating expenditure, falling within the stated policy target of 3 to 6 months. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the entity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: three to six months of operating expenditure (held: £273k)
“The current policy of the society is to maintain free reserves at a level that equates to between 3 and 6 months of operating expenditure.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.4m
Total spending
£1.4m
Cost of raising funds
£4k
Reserves (reported)
£452k
Employees
38

Reported reserves equal ~4.0 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/03/2025£1.4m£1.4m
31/03/2024£1.2m£1.2m
31/03/2023£1000k£1.1m
31/03/2022£1.0m£1.1m
31/03/2021£1.0m£1.1m

Common questions

Is THE ABBEYFIELD LANCASTER SOCIETY LIMITED financially healthy?

The accounts state that the charity reported an unrestricted operating deficit of £93,983 for the year ended 31 March 2023, resulting in a decrease in revenue reserves to £339,741. Per the trustees' report, free reserves amounted to £272,927, which equates to approximately three months of expected operating expenditure, falling within the stated policy target of 3 to 6 months. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the entity's ability to continue as a going concern. Its FY2023 accounts were audited by Azets Audit Services.