THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED
Financial health, per its FY2023 accounts
The accounts state that the Society reported a net deficit of £1,270,865 for the year ended 31 May 2023, driven by a significant downturn in occupancy rates following the pandemic. The trustees maintain unrestricted reserves of £5,996,858, including designated funds for capital renewal and operational contingencies, which they consider sufficient to meet the Society's needs for the foreseeable future despite the current financial losses.
What the accounts disclose
“It is the policy of the Society that unrestricted funds which have not been designated for a specific use should be maintained at a sufficient level. Sufficient reserves have been maintained throughout the year. The current level of reserves is considered appropriate to meet the Society's needs for the foreseeable future.” — page 5
“The Society uses D M Cager (Insurance Brokers) Ltd, of which company director Mr D M Cager is a director and shareholder, to arrange its business insurances. The business insurance fees are agreed on an arms length basis.” — page 30
Structured financials (annual return, FY ending 31/05/2025)
Care Quality Commission ratings
- Winton House: Good
Trustees
- DAVID CAGERchair
- David John Jeffery
- Sally Ann Kemp
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £3.3m | £4.4m |
| 31/05/2024 | £2.8m | £4.0m |
| 31/05/2023 | £2.1m | £3.5m |
| 31/05/2022 | £1.9m | £3.1m |
| 31/05/2021 | £2.4m | £2.9m |
Common questions
Is THE ABBEYFIELD (MAIDENHEAD) SOCIETY LIMITED financially healthy?
The accounts state that the Society reported a net deficit of £1,270,865 for the year ended 31 May 2023, driven by a significant downturn in occupancy rates following the pandemic. The trustees maintain unrestricted reserves of £5,996,858, including designated funds for capital renewal and operational contingencies, which they consider sufficient to meet the Society's needs for the foreseeable future despite the current financial losses. Its FY2023 accounts were audited by Craufurd Hale Audit Services Limited.