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THE ABBEYFIELD WORCESTER AND HEREFORD SOCIETY LIMITED

Registered charity 259776 · accounts filings on the Charity Commission register · also known as THE ABBEYFIELD WORCESTER SOCIETY LIMITED

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Latest income
£1.0m
Latest spending
£1.7m
Registered
1969
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net loss of £17,256 for the year, resulting in a decrease in total net assets from £2,402,016 to £2,384,760. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern, and the board completed refinancing of its loans in March 2024 to secure funding for a further three years.

What the accounts disclose

Reserves policy: sufficient general funds to finance the expenditure of the company over the following 12 months (held: £2.4m)
“planning to maintain sufficient general funds to finance the expenditure of the company over the following 12 months.”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Ballards LLP. Discloses 5 of 6 completeness components.

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

Total income
£1.0m
Total spending
£1.7m
Cost of raising funds
£17k
Reserves (reported)
£1.8m
Employees
18

Reported reserves equal ~12.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Worcestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£1.0m£1.7m
30/09/2023£672k£689k
30/09/2022£575k£588k
30/09/2021£511k£597k
30/09/2020£714k£698k

Common questions

Is THE ABBEYFIELD WORCESTER AND HEREFORD SOCIETY LIMITED financially healthy?

The accounts state that the charity reported a net loss of £17,256 for the year, resulting in a decrease in total net assets from £2,402,016 to £2,384,760. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern, and the board completed refinancing of its loans in March 2024 to secure funding for a further three years. Its FY2023 accounts were audited by Ballards LLP.